Simple economic analysis essay ( 500 words)
Essay on choice and scarcity , opportunity cost etc based on this article.
To analyse the event using economics
Essay should begin with a very brief description of the event.
The essay should proceed with a precise description of the economic setting and then an economic analysis.
1) Describe the real world event and the economic setting.
2) Identify and explain economics behind real world event
3) Communicate economic thinking clearly in a written essay