Prepare a 250 – 500 word research paper about current microeconomic thought and theory
Please choose an article from the Wall Street Joumal, The Economist, Bureau of Labor/Statistics, Bureau of Economic Analysis etc… to analyze the Learning Objective of, “Assess the role of consumer choice on decisions about what to buy and how the economy works”. In your analysis please address two to three of the following criteria:
- The impact the theory of consumer choice has on:
- Demand curves
- Higher wages
- Higher interest rates
- The role asymmetric information has in many economic transactions
- The Condorcet Paradox and Arrow’s Impossibility Theorem in the political economy
- People not being rational in behavior economics
Please use APA formatting
