Project #20592 - Fast Food Nation Report

Review the Core Economics Principles that we’ve been focusing on this term. This is your opportunity to apply some of the concepts we’ve been talking about in class to a topic that interests you. You will choose a book from the approved booklist to do a book report on. Your essay must discuss/refer to at least four of the Core Principles to score high in content/ideas.

Project requirements • Written essay o 850-1,350 words o Essay will be scored mostly on ideas and content and the strength of your interaction with the core principles as well as organization, sentence fluency, and conventions see scoring rubric on website o Do not use 2nd person (you/your), and use 1st person (I/my) sparingly o Use standard margins, and either Times New Roman or Century font in size 12—double space o Include MLA citations and bibliography this is very easy using the references tab in Microsoft Word o Both a paper copy and an electronic copy of your paper must be submitted submit electronically at https://turnitin.com/static/training/student.php Class ID is 7032043 Enrollment password is EconJags I will not score any paper with a score of 25% or higher on the originality report. That doesn’t mean that anything under 25% is OK, I’ll still check them against the matched sources. If your paper is over 25%, revise and resubmit without leaning on other people’s work so much.

Timeline • Final Essay due by ______________________________ Project will be worth 15% of term grade Please use this sheet as a bookmark so that you don’t fold pages and to have a place to jot down page numbers next to Core Principles as you are reading. Core Economic Principles

1. People Choose: Scarcity necessitates choices—not all of our desires can be satisfied. People make these choices based on their perceptions of the expected costs and benefits of the alternatives.

2. All Choices Involve Costs: The opportunity cost is the next best alternative you give up when you make a choice.

3. People Respond to Incentives in Predictable Ways: Choices are influenced by incentives, the rewards that encourage and the punishments that discourage actions. When incentives change, behaviors change in predictable ways.

4. Economic Systems Influence Individual Choices and Incentives: People cooperate and govern their actions through both written and unwritten rules that determine methods of allocating scarce resources. As the rules change, so do individual choices, incentives, and behavior.

5. Voluntary Trade Creates Wealth: People specialize in the production of certain goods and services because they expect to gain from it. Some benefits of voluntary trade include higher standards of living and broader choices of goods and services.

6. The Consequences of Choices Lie in the Future: Sometimes our choices can lead to unintended consequences

Subject English
Due By (Pacific Time) 01/06/2014 12:00 am
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