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Please write a short essay to critically analyze the phenomena described by the two reference articles in the Economist and the Sydney Morning Herald by applying what you have learned in this course till now.
https://www.economist.com/node/21543178 https://www.smh.com.au/business/executive-pay-the-high-cost-of-market-failure-20111010- 1lh2o.html
In text referencing (like Perloff, 2012) should be done for articles and websites as and when
you refer to them. You need not refer to the text book and lecture notes every time but if you are using a particular economic model in you research then it should get an in-text reference at the first usage. All your references should be listed up at the end of your essay.
Whether you can clearly address the topic with appropriate elaboration of relevant economic theories and other empirical results. (i.e., the topic 10.5 of Efficiency and Equity in Perloff may be relevant; the Edgeworth box may provide a framework to talk about wealth allocation…)
Whether you can demonstrate the ability to critically reflect upon the findings and arguments in the articles and substantiate your ideas appropriately. (i.e., citing other scholars? published journal papers or citing statistical data from credible sources…)
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