Different Market Structures in Economics

ECONOMICS CRITIQUE INSTRUCTIONS
Task
You will select, read and analyze 4 articles from a variety of newspapers or magazines to provide some ‘real value’ to the theoretical contents that we deal with in the class. You may use websites as sources of articles but do provide a hard copy of the articles you are reviewing.
Each of the 4 articles should relate to a different market structure, ie 1 each from Perfect Competition, Monopolistic Competition, Oligopoly and Monopoly. Articles should not be earlier than September 2023. Articles should be critiqued (as explained below). The critique should be typed, double-spaced, with correct grammar and spelling.
Be sure to use in-text citations and include a work cited list in either APA, MLA or Chicago style.
To create a critique of articles related to different market structures in economics, you should include the following:
Title Page
- Your Name
- Student Number
- Course Section
Table of Contents
1. Article 1: [Title]
- Author
- Source
- Date
- Relevant Market Structure (e.g., Perfect Competition)
2. Article 2: [Title]
- Author
- Source
- Date
- Relevant Market Structure (e.g., Monopolistic Competition)
3. Article 3: [Title]
- Author
- Source
- Date
- Relevant Market Structure (e.g., Oligopoly)
4. Article 4: [Title]
- Author
- Source
- Date
- Relevant Market Structure (e.g., Monopoly)
Basic Theme
- Briefly describe the main idea or argument presented in the article. (1-2 sentences)
- Analyze the headline to assess its relevance to the chosen market structure.
Critical Review
- Carefully analyze each article using your critical thinking skills. For each article, write 4-5 paragraphs addressing the following points:
1. Summarize the content of the article, highlighting key points and arguments.
2. Relate the article to the microeconomic concept covered in the course (e.g., how the content of the article aligns with or challenges theoretical concepts).
3. Offer your opinion on the issue discussed in the article, based on your analysis.
Terminology
- Identify and list relevant economic terms used in each article.
Positive and Normative Statements
For each article, identify and underline:
- Two positive statements (statements that describe facts without expressing value judgments).
- Two normative statements (statements that express opinions or value judgments about what ought to be).
Remember to proofread and edit your assignment prior to submitting it for assessment. Additionally, make sure to attach copies of the articles you are reviewing to your assignment in an appendix and ensure that the articles are no earlier than September 2023, as per the instructions.
Work Cited List
Include your articles in proper APA, MLA or Chicago format. Be sure to put them in alphabetical order.
Appendix
Copy and paste the 4 articles you have selected at the end of your document. You can highlight your positive and normative statements here.