microeconomic topics to write about
Microeconomics classifies pollution as an externality. An externality is defined as an act that affects third-party individuals who are not involved in the action. The effect can have either positive or negative consequence. For example, if an individual resides in an area where live music festivals are held, but they don’t attend or partake in the event they are considered an externality as they can hear the music. Depending on their viewpoint this can a positive or negative experience. Pollution, however, can only be considered a negative externality due to its detrimental effects on humans, animals, and plants.
Here is a short sample essay to get your economic muses flowing.
- How is the labor market affected by minimum wage laws?
- What would happen to oil prices in the oil market when demand exceeds supply?
- How does advertising affect consumer demand?
- The social media significantly affects the labor market. Discuss.
- What is the application of price elasticity of demand in our daily lives?
- According to the law of demand and supply, the higher the demand, the higher the prices. However, the price of some goods and services decrease with an increase in demand. Explain
- Game theory
- Monopoly and consumer demand theory
- Perfect and Imperfect competition
- The theory of comparative advantage
- The theory of absolute advantage
- Derivation of the supply curve
- The marginal product of labor
- The effect of supply and demand on pricing
- The labor market and its effect of demand and supply
- Effects of seasonal fluctuations on the economy
- The demand for clean energy
- Market structure is planned and unplanned economies
- The micro-economic effects of environmental pollution
- Nature as a victim of industrialization
- Taxation and inflation
- Market conditions as a barrier to new entry
- How the law of diminishing returns affects inputs
- Factors affecting the success of small businesses
- Risks and uncertainties in business expansion
- Effects of advertising on purchasing decisions
- The role of social media on the stimulation of supply
- Advertising errors that can lead to the closure of companies
- Consumer preferences and their effects of the pricing systems
- Cartels and their role in the manipulation of gas and oil prices
- Minimum wage regulations and their effects on companies
Note that you are required to choose a topic that depicts your professionalism. Remember that it is the desire of every student to write on a topic that will make them stand out from everyone else. Our experts come in here because they have a clear understanding of all microeconomics-related topics. They have sufficient writing skills that enable them to write exceptionally quality papers.
The basic assumptions of microeconomics as a science, however, are neither model-based nor quantitative. Rather, microeconomics argues that human actors are rational and that they use scarce resources to accomplish purposeful ends. The dynamic interaction between scarcity and choice helps economists discover what humans consider valuable. Exchange, demand, prices, profits, losses and competition arise when humans voluntarily associate with each other to achieve their separate ends. In this sense, microeconomics is best thought of as a branch of deductive logic; models and curves are simply manifestations of these deductive insights.
Microeconomics is the study of human action and interaction. The most common uses of microeconomics deal with individuals and firms that trade with one another, but its methods and insights can be applied to nearly every aspect of purposeful activity. Ultimately, microeconomics is about human choices and incentives.
Paper format: MLA
Academic level: Bachelor
2) Do not confuse with macroeconomics! In fact, the difference is quite clear – macroeconomics studies economy as a whole, while microeconomics studies behavior of a firm and individuals and their interaction in decision making considering allocation of scarce resources.
- Basics of microeconomics (Principles, Object and subject of study, etc)
- Supply and demand in market economy
- Perfect competition
- Imperfect competition
- Economy of uncertainty
- Theory of firm
- Theory of production
- Labor market
- Capital market
- Land market
- Imperfection of market