Hi guys, I'm having a lot of trouble with this question. Maybe I should have paid attention more, too late now though. If anyone could help or point me out in the right direction, I'd really appreciate it! Thank you.
Here is what the paper says
"Your assignment is one used for many years by Professor Robert Frank of Cornel University. You are simply to use a principle or principles discussed in this course to pose and answer a simple interesting question about some about some pattern of events or behavior that you personally have observed. For example, early in the semester we will have a Discussion Forum question “Why don’t people have more sex?” This could have worked for this assignment, because it can be answered using the concepts of marginal analysis, opportunity cost, etc. We will also be discussing the impact of automobile safety equipment on driver behavior. Again, this would have been a good issue to discuss for the assignment.
Dr. Frank wrote an article for the New York Times in September 2005 that discussed the assignment. The article contains several more examples.
To state the obvious, the examples contained in the article (or others I’ve given) CANNOT be used to get extra credit. Points are awarded based both on how well you utilize economic principles in your example and on creativity.
You are limited to no more than 500 words, and you should try to avoid complex jargon or explanations. Precise simplicity is best. All submissions must be made electronically (by email) in either Word or .pdf format. The submissions become my property and I reserve the right to post some of the best on Blackboard as further examples."