“ Choose any topic dealing with economics that currently interest you. Choose a

“ Choose any topic dealing with economics that currently interest you. Choose a topic that is either current or was of interest in the past. Relate this topic to what we have studied in class and explain how that topic follows the principles of what has been studied.”
I chose the increased gas prices that we’ve been experiencing for a while. I would start with a brief explanation of why it’s occuring. You can talk about the supply and demand and how that reflects the price. We’ve just learned about basic microeconomics like supply and demand, inflation, and shortages/surpluses. I think those would be some things to tie to the oil prices, and I’ll touch up this part of the essay to make sure it’s pertaining to what we’ve learned. The assignment also said to explain how the people are effected by the event.