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3 pages/β‰ˆ825 words
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Subject:
Mathematics & Economics
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Coursework
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English (U.S.)
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Analysis project for intro economics. Mathematics & Economics Coursework

Coursework Instructions:

Microeconomics Analysis “Why are things the way they are?”
Look at the world around you. What do you see that you find puzzling? Have you questioned "why are things the way they are?".
Essentially this analysis is designed so you can create and answer your own question. What have you observed that you found puzzling before you took this class? Use economics to explain why it's not puzzling and how economics provided an answer.
Some examples (please do not use these examples):
Why are there bike lanes surrounding universities and colleges but not all over town?
Why are pedestrians given the right of way?
Why do some freeways have carpool lanes and some don’t?
On airplanes, why is first class seated first when they’re in the front of the airplane- maybe they should board last?
Why do restaurants offer appetizers before the meal?
These questions, when answered by a non-economist, are often answered "that's just the way it is." or "they like it that way so why not?" or "they have a preference for it being that way."
In your analysis, begin with a clearly worded question, then explain why your question is interesting. Then explain what economics concept(s) you will use to answer your question. Use economics to explain "why things are the way they are".
Finally, if applicable, explain how reality fails to provide the economic outcome we expect (this may not apply to your question- only do this if it applies to your question. Again, do not answer this unless your explanation needs this analysis).
Your analysis must be submitted before you begin your project. On Gauchospace, give us one or two possible topics. Enter your possible topics as 1 and then 2. The first topic should be the idea you find most interesting.
Submit your questions early so you can start on your analysis sooner.
Directions
1. Do not research this analysis online. This is not a research paper.
This is an application of economics to something that puzzles you.
Any research you do should support your logic.
2. This is a thought project with your opinions supported by
economics.
3. There is possibly no answer for your question or possibly multiple
answers.
4. There is no page minimum, but there is a maximum.We're not
looking for quantity but quality! Don't ask "how many pages should the analysis be?" Our response will be "write until your question is answered but don't write more than 5 pages"
5. Concise and clear language should be your goal. Fluffed up analysis will be downgraded. Just answer your question! There is no need to provide filler to make your pages longer.
6. Citations. You can write a proper reference page or you could make it easy and use footnotes.

Coursework Sample Content Preview:
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Why Do Cities Exist?
Cities do not seem to be the best place for humans to live. Living costs are high, air quality is worse, surroundings are more crowded, crime is more prevalent and diseases are more easily spread. There is enough land in the world for everyone to live on a nearly 5 acres of land but many people choose to live in cities where they hardly have a meter square of space.
At the dawn of human civilization, humans were hunters and gatherers. Around 10,000 years ago humans started domesticating animals and farming (University of Sheffield, 2017). Their productivity was very low and therefore everyone was a farmer. As technology advanced, less people relied on farming and others took other jobs such as blacksmith, mining etc. Land efficiency increased and the productivity of one acre is enough to produce thousands of meals for the people. As farming became more mechanized and crop productivity increased, not everyone needed to till the land to earn a livelihood, people tended to build more permanent houses rather than living in temporal establishments. Food storage technologies were also invented and transport systems greatly improved. People used animals like donkey to carry food.
As farming became more efficient, the people learned that it is easier to farm a specific product rather than every farmable crop. Some crops also faired well in some other places rather than others. therefore, farmers tended to specialize in producing a certain kind of crop or and engaging in bater trade with other farmers to get what was not produced in his/her farm. This birthed trade. Trade started to be localized is specific areas especially along transport hubs i.e road junctions and ports. As trade evolved, these trading areas evolved and more people started specializing in trade. When the concept of money was conceived, it accelerated the growth of the trade hubs. Some people became middlemen and others offered financial services, other specialized in transport among many other things.
Eventually, there were thousands of occupations humans could do and labor specialization also increased. There were miners, blacksmiths, bankers, doctors etc. as the society evolved due to civilization, there was need for a system to facilitate exchange of goods and services to enable everyone to get what he/she did not produce. The exchange of goods and services tended to happen in specific location. This led to ...
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