Demand and Supply Essay Plan
Intro:
- Define Demand
- Define Supply
- Explain why demand and supply analysis is important irl (why topic is motivated?)
- Give real world examples
Main Body:
- Paragraph 1: Why D curve slopes -vely
- Paragraph 2: What factors shift Demand and why?
- Paragraph 3: Why S curve slopes +vely
- Pargraph 4: What factors shift supply and why?
Externality Essay Plan
Intro:
- Define externality
- Define specific externality e.g. NPE, PPE
- Give real world examples and why is topic important?
Main Body:
- Effect of externality on the market; welfare loss, not pareto optimal resource allocation,
(Diagram)
- How to solve market failure; pigovian tax, subsidy (Diagram)
- Drawbacks in how this method solves market failure
Intro:
- Define Demand
- Define Supply
- Explain why demand and supply analysis is important irl (why topic is motivated?)
- Give real world examples
Main Body:
- Paragraph 1: Why D curve slopes -vely
- Paragraph 2: What factors shift Demand and why?
- Paragraph 3: Why S curve slopes +vely
- Pargraph 4: What factors shift supply and why?
Externality Essay Plan
Intro:
- Define externality
- Define specific externality e.g. NPE, PPE
- Give real world examples and why is topic important?
Main Body:
- Effect of externality on the market; welfare loss, not pareto optimal resource allocation,
(Diagram)
- How to solve market failure; pigovian tax, subsidy (Diagram)
- Drawbacks in how this method solves market failure
