You will select and share the link of an article and explain how it related to microeconomics
In the first part, you will identify and define the econ concept covered in it,
– use the key terms of the chapter (Possible econ concepts/key words: price floor, price ceiling, externality, supply and demand determine a market price, profit maximizing price and quantity for monopolies, strategic behavior of oligopolies: game theory, Tragedy of the commons, public goods, common resources, trade-offs and opportunity cost…). The discussion is designed to give you the opportunity to use the key terms.
– thoroughly explain the econ concept covered in your source, not a googled definition. Be sure to cover the possible outcomes.
– analyze how some ideas from your source are a good illustration of the econ concept.
Be thorough and assume the reader has no prior knowledge or understanding of economic concepts.
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