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Please view the notes.and view the additional files there is an exemplar of the article to follow. This is the link for the main article(Egg farmers face tough times as drought leads to spike in production)
1-You must be able to relate your main article to at least two of the topics (L1 to L5, i.e.chapters 1 – 5) covered in the lecture program (see point 2 below).2. More specifically, here is the list of lecture topics that you can choose from for your article analysis (relevant microeconomics concepts are in brackets):1. production possibility frontier from L1 (opportunity cost, scarcity, trade-offs);2. demand and supply market equilibrium from L2 (price and non-price determinants,simultaneous shifts in demand and/or supply);3. elasticity measurement and determinants from L3 (price elasticity of demand and itsrelationship with total revenue, price elasticity of supply);4. economic efficiency at market equilibrium from L4 (consumer and producer surplus, rentceilings, price floors, taxes on goods and services to raise revenue for public purposes anddiscourage market activity);5. behavioural economics and asymmetric information from L5 (rational vs. irrationaldecision making, types of market failure: externalities; public goods; common resources; adverse selection; moral hazard).
2-You should back up some of your key points or use for data purposes by having severalrelevant supplementary articles—from other relevant topic-related news sources. Such supplementary news articles are permitted to be dated before 31st March 2018.
3-You should cite your use of other sources via appropriate in-text referencing.
4- Your microeconomics diagrams can either be hand-drawn and then scanned and inserted as a ‘picture’ into your working document, or be drawn by using appropriate computer/web software.
must be at least 3 to 4 diagrams. and also you can check the outline in the file to more information on pages 8 and 9.
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