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You will create a 2 page minimum Word Document MLA FORMAT single spaced with the following information. Please read the instructions carefully. I need you to read these 3 articles. Article 1:https://www.forbes.com/sites/jackkelly/2019/07/10/the-unintended-consequences-of-the-15-minimum-wage/#453767ace4a7 Article 2:https://www.sctimes.com/story/opinion/2020/08/14/if-you-value-essential-workers-raise-minimum-wage/3360586001/ Article 3:https://yankeeinstitute.org/2020/08/11/minimum-wage-set-to-increase-in-september-as-reopening-plan-stalls/ 1) Then Write a two (2) page (minimum) simple review of what you read of these articles, including how they relate to MICROECONOMICS CONCEPTS. You must clearly identify THREE MICROECONOMICS concepts and show how the article(s) illustrate them. Make sure you clearly identify the concepts you are highlighting by using BOLD FONT***. MICROECONOMIC concepts—Scarcity and Choice, Opportunity cost, Supply and Demand, Law of Demand, Law of Supply, Surplus, Shortage, Rationing Device, Marginal Costs, Costs and Benefits, Normal Good, Inferior Good, Subsidy’s, Labor, Capital, Entrepreneurship, Markets and individual maximizing behavior—can help explain many decisions that humans make.** Any of these 3 concepts can be used. 2) On a new page, list your 3 identified concepts first, then based on these articles, WRITE 5 critical thinking questions, including answers, that you would ask if you were the instructor. Write your questions on a separate page from your review, and number them. Your questions must relate to the article(s) to the economic terms and concepts. You should have at least one question tied to each concept you identified within your review. Your answers should clearly illustrate how the concept is used. Your questions must be critical thinking questions. **NO definitions or fill in the blanks.** Make sure you read the rubric so you include everything necessary for the paper to be acceptable. Feel free to do some additional research, and make sure you cite your resources. ***My paper is being uploaded through SafeAssign to avoid plagiarism so please, please NO plagiarism.*** As well as just make this as a simple review doesn’t need to be fancy. Write this as a first year collage student in basic beginning Microeconomics class.
Economic Case Study Rubric
Criterion
Strong 10 – 8 pts
Average 7 – 4 pts
Weak 3 – 1 pts
Write a two (2) page review of the articles.
Presents a balanced and critical review. Interpretation is reasonable and objective.
Presents limited reasoning and demonstrates little engagement with ideas presented.
Presents inappropriate ideas or shows little or no engagement with the articles.
Identify three (3) Economic Concepts we have studied, that are illustrated in the articles.
Identifies a clear sophisticated understanding of at least three Economic concepts studied.
Identifies an understanding of fewer than three Economic concepts studied.
Shows a basic understanding of Economic concepts studied but does not identify them in the articles.
Clearly explain how the three (3) Economic Concepts above pertain to the articles.
Presents an insightful and thorough analysis of all identified concepts.
Identifies an analysis of most of the concepts identified: missing some necessary information.
Presents a superficial or incomplete analysis of some of the identified issues; omits necessary information
Write 5 critical thinking questions linking the articles to the concepts we have studied. Each question must relate a unique concept. The same concept, used multiple times, will earn a zero.
Makes appropriate relevant and thoughtful connections between concepts and article information.
Shows critical thinking, not definitions and fill in the blank.
Makes appropriate but somewhat vague connections between concepts and article information.
Shows critical thinking, not definitions and fill in the blank.
Makes inappropriate or little connection between concepts and article information. Questions are definition questions or fill in the blank.
Answer the 5 previous questions thoroughly and correctly.
Demonstrates clarity, conciseness and correctness in answering the questions.
Demonstrates correctness but lacks clarity and conciseness in answering the questions.
Answers contain serious errors and show lack of understanding.
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