The design of all assignments in this course is both to educate you concerning each week’s topic and to assist you in the development of your problem-solving skills. This research project assignment asks students to apply problem-solving skills to a Microeconomic issues. You need to identify a problem that relates to a Microeconomic issue and prepare at a 850-1,050-word paper that includes a basic problem-solving analysis (six steps listed below).
The assignment is as follows:
1. Provide a clear and concise statement of the problem to be addressed. The problem statement should be no more than two or three sentences, and in many cases could be contained is a single well-crafted sentence. Explain why this is a microeconomic issue.
2. Describe the relevant facts and circumstances related to the issue that you have identified.
3. Consider and discuss how this issue can be turned into an economic opportunity. Explain the essential components of the economic issue.
4. Explain the risks that individuals or businesses or governments could face by attempting to capitalize on the opportunities you identify.
5. Identify the information that individuals or businesses or governments would need in order to investigate the opportunities.
6. Summarize your findings and give a conclusion that calls for action to implement the opportunities you identified
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