Microeconomics


1. Superbowl Pricing and demand elasticity. Please see the article.

https://www.forbes.com/sites/prishe/2013/09/19/super-bowl-xlviii-pricing-a-lesson-in-demand-elasticity/?sh=7b1d7d57796f

2. Please use 3 references including the one I posted.

Take an issue from a recent news article related to material we cover in class. Provide a detailed economic analysis of the issues in order to describe and then evaluate the situation. I recommend the Wall Street Journal, Businessweek, Forbes, or The Economist. This list is not comprehensive. Certainly other news sources business and non-business alike may have something worthwhile to write about. As an example: I might choose to write about the pricing changes made by Netflix and the resulting uproar from consumers. In this case, I may choose to incorporate the following issues into my analysis: people respond to incentives, optimal decisions are made on the margin, changes in market equilibrium, price elasticity of demand, behavioral economics. My analysis might then express why economists might have been able to anticipate this outcome based on what we assume to be true about rational decision-makers.

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