Question

It is important for all microeconomic students to be able to apply concepts and theories addressed in the classroom to real-world issues and events. This project will have students reading the newspaper journals and identifying an article that addresses a real-world matter illustrative of a topic, concept, or theory addressed in class. Students will then write and submit a one-page summary and critical analysis of the article. In all, students are expected to submit 3 different summaries before the end of the semester. Read Economics, Business, and Finance, newspapers for both U.S. and World. Search the paper for an article of interest. This article should describe a real word issue, event, policy, labor issue, Fed or Congressional action or policy, or other matter that relates to a topic, concept, or theory presented in class or in the class readings. Editorial features and op-ed segments are prohibited. Students should survey the front page of the newspaper for lead stories.

Can I get help with current world issues and events? How I am going to write this?

Answer 1

Link given is : https://www.iol.co.za/news/south-africa/western-cape/price-of-red-meat-expected-to-skyrocket-due-to-drought-17435256

Title: Price of red meat expected to skyrocket due to drought.

This article is microeconomics related.

A student can discuss a normal demand-supply equilibrium first in South Africa meat market. Later on decrease in supply will shift supply curve to left. Increase in prices and new equilibrium can be discussed.

Effect on economy, farmers income and consumer expenditure can be discussed. Effect on number of jobs generated can also be assessed and discussed. A commentary can end with proper conclusion.

Hence an into, minimum of two diagrams with explaination and reference to article, conclusion can be followed as a flow.