The writing assignment should be 750-1000 words in length (not
including not including bibliography). Please double-space your document.
GENERAL INFORMATION: The primary objective of this writing assignment is to
give you practice in writing about an economic model and tying it to a real-world
example or situation. Please identify a model from class that relates to the topic
below. Describe that model in theory in your own words, then put that model into
real-world context. In doing so, you will have to do some outside research to
identify relevant sources of information, and you will have to practice proper
citation of those sources. The skills that you are applying in this writing assignment
are great practice for the Essay Assignment due at the end of the semester, which
will also require you to describe an economic model in theory, tie it to a real-world
situation, perform your own research on the topic, and incorporate and properly
cite that research in your essay.
TOPIC: Over the past year, a large portion of the workforce has been encouraged or
required to work from home due to the COVID-19 pandemic. In your writing
assignment, please discuss costs and benefits to a firm of allowing or requiring its
employees to work remotely when firms have the choice of whether to allow or
require this. Please also discuss any changes in those costs or benefits due to the
temporary remote work requirements during the pandemic, and whether you
expect those changes to be permanent.
MODEL: You must identify and describe one economic model from this course that
is relevant to your discussion. In your own words, explain the features of that model
(what are the assumptions, predictions, and implications of the model) and how it is
relevant to this discussion.
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