Freakonomics Assignment Purpose: the purpose of this assignment is to develop yo
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Purpose: the purpose of this assignment is to develop your critical thinking skills in regard to economics and your communication skills. Skills: You will critically analyze and evaluate issues, components, and implications of real-life economic problems and opportunities by applying economic concepts, principles, and theory. Knowledge: This assignment will also help you to become familiar with the following important content knowledge in this discipline:
• Positive and Negative Incentives
• Asymmetric Information
• Opportunity Cost
• Demand and Supply Analysis
Please read the Introduction and Chapters One through Five of the Freakonomics book and answer the questions below. When answering the questions, be sure to be as detailed as possible. You are NOT being evaluated on what you can rephrase from the book, but your own analysis using ECONOMIC PRINCIPLES that we have learned thus far. Simply retyping or summarizing what happened is worth very little on this assignment. Questions should be answered in paragraph form, using proper grammar and sentence structure. When supporting your position, use examples from work, school or other areas of your life to illustrate your point. Remember, do not simply cut and paste from a website etc, as this can be construed as plagiarism.
This assignment should be considered a formal report. It MUST be submitted as a single Word document via D2L for credit. The writing assignment is in a “Question and Answer” format. Please answer each question in paragraph form. Please write questions and answers in APA format by following How do You Format A Question and Answer in APA. There are no standard answers to the questions asked. However, your answers should be based on the Freakonomics book.
Please remember these reports will be run through Turnitin.com looking for plagiarism. Please make sure you are aware of the University’s policies on plagiarism so that you avoid it at all costs. Instances of plagiarism will be reported to the University per the handbook.