Research Paper Instruction:

 Topic summary and proposed outline of idea due in Module 3

 Draft of the paper due in Module 6

Final paper due in Module 9

6 pages in Length

Micro Graphs and evidence

During the course, you are required to complete a formal written assignment highlighting published current economic events or issues and explain how they relate to theories learned in this course. The paper provides you an opportunity to realize, reflect, and explain the economics

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that exist all around us. The paper must include a graph used as an explanatory tool of the economic principle presented.

Early submissions of written assignments are always accepted, but use the links provided in the respective modules to submit your topic, draft, and final paper. Make use of the feedback you receive on your draft paper to improve your final paper before submitting it in Module 9.

Instructions for preparing this assignment are as follows:

  1. Each paper is to be an analysis on the recent economic events or economic reports from the supplemental resources or references. The focus of this assignment is to relate and analyze current events to basic principles of microeconomics covered in this course. It is not acceptable to just regurgitate statistics. The paper should indicate that you have a clear understanding of theory learned in class and its application/operation in the ‘outside world.’
  2. Option - If you come upon an interesting subject relating to your work or any other non- economic publication that can be explained in light of the theories learned in this class, you may be able to substitute this as the basis article. Discuss the article and ideas with your instructor prior to embarking on this option.
  3. Use standard file format (.doc or .docx) for all deliverables (topic, draft, and final paper). Standard margins apply. Papers should contain proper documentation of the article(s) or other references used. If direct quotes are used (not contained in the article), appropriate footnotes, endnotes, or parenthetical citations must accompany the quotes. Since a part of your paper will come from published sources, Internet references, etc., there should be sufficient evidence of where the information for your paper originated. Paper length should be a few pages - short enough to qualify as a commentary but long enough to adequately address the subject. Typically, six to eight double spaced pages are sufficient. Papers are graded on quality of content, not quantity. Standard APA style rules apply and clarity is important to your grade.

Refer to the Research Paper Rubric in the course for grading criteria. The final assignment is only submitted once for credit. There is not an option for revising the final assignment and resubmitting for a higher grade.

Note: All papers submitted for grading in this course will be submitted to Turnitin, a plagiarism detection service, to check for originality so be sure to appropriately cite sources. Please review rules on self-plagiarism. The submission of what is essentially the same paper in more than one class without any indication that the paper has been published elsewhere (i.e., redundant and duplicate publication) and the practice of text recycling is considered plagiarism. (APA guide, 6th edition, principle 6.02, page 170.)

Outline/Topic/References(add 3 more references):

In recent times, Uber has revolutionized the taxi and cab services market with its customer friendly and highly effective service. In this context, one of the key aspect of the company’s business model pertains to surge pricing model which entails pricing of cab fares based on the demand levels at any specific point in time. As permicroeconomic theory, effectiveapproachfor influencing supply is through inducing of more drivers for gettingto road and address newer demand. Thus, when the “surge pricing”strikes, the same signals drivers the onset of valuable time for being on road. Further, more riders seeking Uber rides could get iteven if it is at higher price while somenot choose to do so. In addition there is a demonstrationofbasic economic notioncalled“allocative efficiency”, on allocating the rides for those valuing it most,that is,customers who are placing higher value over the specific Uber ride.

  1. These statement
  2. Uber Surge Pricing – Background & Description
  3. Uber Pricing Model – Short Introduction
  4. Surge Pricing – Background & Description
  5. Underlying Microeconomic Theory Behind Surge Pricing
  6. Market Equilibrium Mechanics
  7. Allocative Efficiency
  8. Detailed Assessment of the Theory & Practices
  9. Microeconomic Theory and Practical Application of Surge Pricing
  10. Graphical evaluation of the modelling pertaining to Surge Pricing and overall impacts using diagrams of supply / demand for explaining market equilibrium
  11. Relevance of Theory & Effectiveness of the Application
  12. Conclusion and summary of thesis statement validity

References

Baumol, W. J., & Blinder, A. S. (2015). Microeconomics: Principles and policy. Cengage Learning.

Edelman, B. G., & Geradin, D. (2015). Efficiencies and regulatory shortcuts: How should we regulate companies like Airbnb and Uber?. Harvard Business School NOM Unit Working Paper, (16-026).

Leah-Martin, V. (2015). How Much to Work: Evidence of Reference Dependence in Taxi Drivers. Available at SSRN 2646157

Rader, T. (2014). Theory of microeconomics. Academic Press.