Though many microeconomics books deal with theory, your paper should be strongly relevant to the real world, hence the significance of journals and newspapers such as the Wall Street Journal as sources. The introduction is one of the shortest parts of an essay and contains a minimum of three or four sentences.
The body is the second part and is the main part of the essay, where you systematically back up the thesis statement you presented in your introduction. It normally has the same idea as the introduction, except it is written in different words and phrases and sums up what you learned about your topic.
Consider addressing the challenges that small businesses face when competing with larger companies.
Talk about different models of entrepreneurship and how new and innovative small businesses affect the market, as well as how the success of small businesses affect individual household income and spending.
Writing a paper on microeconomics may be difficult for those who have no idea what the field is about, but once a person has got the basics down, as well as basic essay composition skills, he is good to go. Normally, teachers ask a question that you need to answer in detail in your microeconomics paper. If the teacher does not give questions, come up with your own.
Research the answer to your question thoroughly before you start writing.He holds a master's degree in journalism from Regent University.Microeconomics is different from macroeconomics in that it focuses on supply and demand, the economic behavior of an individual, household, or business, and markets where goods are bought and sold.Macroeconomics focuses on overall economic growth, inflation, taxation, unemployment, and economic policies of a nation or region.Microeconomics deals with many of the same issues as macroeconomics, but microeconomics concerns itself with the effect that these issues have on an individual, household, or business, rather than the effects that they have on a regional, national, or global scale.Some examples are the price of electronics in an increasingly technology-based society, or the demand for staple food items in different regions.Research different market structures, such as monopolies, duopolies, cartels, and oligopolies and how they affect the prices of different items.Use all the resources available to you to help expand your topic and make it more believable.If you rely solely on your textbooks, you are unlikely to produce an exceptional essay on microeconomics.Your answer should be backed up with important facts and related economic hypotheses and should contain real-life examples to illustrate how things function in reality.A summation of your answer will become your paper's thesis statement.