Discuss Essay Thread Essay Topics Micro Economics

Understanding Microeconomics is almost as daunting as composing an argumentative essay on it. But it becomes close to effortless to compose one if you have an opportunity to choose from a coherent list of options  which is what this guide is all about. In this second guide, we have not only included 20 microeconomics essay topics, but also a sample essay that’ll allow you to understand how an argumentative essay should be structured.

But before you head on, we strongly recommend you to check out our first guide, 10 facts for an argumentative essay on microeconomics, where we have shared some credible facts on the subject. These ideas will definitely help you to compose your argumentative essay as you’ll be using them as information and references.

Furthermore, after you are done reading this guide, we recommend you to read our final guide before you start writing. Our third/final guide, writing on point argumentative essay on microeconomics, is all about the methodologies and techniques of how an argumentative essay is outlined, structured and composed. By reading all of the guides, before you start writing, you’ll yield a beautifully sublime argumentative paper, which  your professor, instructor or teacher will admire.

We are ready to present you our choice of Microeconomics topics:

  1. The Impact of Supply and Demand on Prices
  2. How Does Economy Change With the Change of Seasons
  3. An Argumentative Essay on the Microeconomic Market Structures
  4. How Do Different Microeconomic Market Structures Affect Supply?
  5. The Impact of Labor Market and the Labor Union on Supply and Demand.
  6. How Does Consumer Purchasing Ability Affect Pricing System?
  7. The Use of Advertising in Microeconomics and How it Affects Customer’s Decisions
  8. The Benefits of Creativity and its Significance to Lead a Company to Success
  9. The Advertising Problems Leading to a Company’s Demise.
  10. What are the Pros and Cons of Starting a Company in the Modern Market?
  11. An Argumentative Essay on Privatized Health Care Centers – The Pros and Cons
  12. Does the Cost of Health Care Affect Taxes?
  13. The Economic Struggle for Maximal Use of Natural Resources and its Reasons
  14. Why Nature is the Biggest Victim of Industrialization and How it Affects Economics
  15. Natural, and Industrial and Household Interactive Conditions Required for a Practical Implementation of the Microeconomic Model
  16. The Influence of Ecological Costs on the Principles of Industry Location
  17. How “Dirty” Industries Gain Profit by Moving into a “Clean” Area or Location.
  18. The Modern Ecological Problems that U.S. and Europe Are Facing with Planned Economies Today.
  19. The Microeconomic Problems and Their Correlation with Pollution.
  20. The Impact of a Local Industry on the Society and the Environment

Finally, now you have 20 relevant microeconomic topics from which you can choose whichever suits you best. We have composed  these topics to be complementary to your essay by making sure that their tone is argumentative.

Furthermore, we have included the references from where we have chosen these topics. Not only that, we have also written a sample essay on one of the topics above, so you can have a deeper understanding of how an argumentative essay should be constructed.

A Sample Essay on the Microeconomic Problems and its Correlation with Pollution

Between 1970 and 2012 the U.S. economy has doubled, but this profit led to some troublesome issues, and pollution was one of them. Although the United States came up with  several anti-pollution policies, which resulted in 12% reduction (approx. 730 metric tons of air pollutants a year from 2007 to 2012) of carbon dioxide emissions, pollution remains a major problem.

But still, other problematic environmental issues are left untouched.

Before we head on further, we should know how microeconomics considers pollution in its terms, which is why we have to know what an externality is. In economic terms, there are two types of an externality: positive externality and negative externality.

Externality basically is the effect that affects third-party individuals who are not a part of the action. For example, if you live in a neighborhood, where, most of the time, country music concerts are held; and you don’t even  take part in them,  but still hear the music (due to its loudness) – you are considered to be an externality.

Based on your preference, this externality can be positive (if you like country music) and negative (if you don’t like it or if it disturbs your sleep). Pollution is considered to be a negative externality because it doesn’t have any positive effect on humans, animals or the planet in general. On the other hand, it has a substantial  negative impact.

Today, the production of demanded products has led to the inevitable production of pollution, and it was  passed on society. The contamination can be suppressed if the production is lowered, but in the current consumer-oriented economy it’s not gonna happen. .

Economists have theorized that the cost of production should include the cost of pollution, which is: the impact of pollution on human health, property values, recreation possibilities, wildlife habitats, etc. Let’s consider the following example:

If a firm produces a refrigerator, which costs about $600 per production (including all the expenses), and it costs about $100 more to produce the product without causing pollution, the quantity of the production would significantly decrease  as the prices would be high i.e. $700 per product. Now, if an individual has to compare a $600 refrigerator to a $700 one that has the same specs, but it’s only about minimizing the pollution – chances are, that particular individual would go for the cheaper one.

So the reality is that this negative externality exists in economics.

To reduce or completely exterminate the production of pollution, all of the microeconomic firms have to take an anti-pollution step, which would equalize the costs of the production, globally. It will  lead to a better, and healthier environment.

That’s it! Now you have almost exhaustive list of topics, along with a sample essay that can help you start writing immediately.

References:

  1. David Besanko, Ronald R. Braeutigam, (2011) “Microeconomics, 4th Edition” – John Wiley and Sons, Inc. http://econ.tu.ac.th/archan/supawat/EE311/2.%20%5bDavid_Besanko,_Ronald_Braeutigam,_Ronald_R._Braeu.pdf
  2. Libby Rittenberg, Timothy Tregarthen, Untitled Document – Saylor.org https://ocw.mit.edu/ans7870/14/14.01SC/MIT14_01SCF11_rttext.pdf
  3. Hugh Gravelle, Ray Rees (2004) “Microeconomics, 3rd Edition” – Pearson Education Limited. https://ignorelist.files.wordpress.com/2012/01/microeconomics-gravelle-and-rees.pdf
  4. Gilpin, Alan. (2000). Environmental Economics: A Critical Overview. Chichester, UK: John Wiley & Sons.
  5. Pearson, Charles S. (2000). Economics and the Global Environment. Cambridge, UK: Cambridge University Press.
  6. Baumol, W. J., & Blinder, A. S. (2015). Microeconomics: Principles and policy. Cengage Learning.
  7. Bowles, S. (2009). Microeconomics: behavior, institutions, and evolution. Princeton University Press.

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Microeconomics Paper Topics

Finding the right topic to write a paper on is one of the most important stages of the writing process. Choose the right one, and you will make life so much easier for yourself; choose the wrong one, and it’ll be three times as hard to write it.

That’s why it is crucial to invest sufficient time in selecting the right topic. The time you spend doing it will pay back in the time and effort saved during the actual writing.
In this blog post, we have compiled a list of possible topics you could choose to write a paper in microeconomics. Some are rather narrow, others are broader. The common thing is that they will not pose any additional difficulties in writing and there are plenty of sources to get information from.

Key areas of research

As a more developed science than macroeconomics, microeconomics studies the economic tendencies, predicts what will happen when individuals make certain buying decisions, and how it will impact the distribution of resources. At that microeconomics doesn’t explain what should happen on the market, but only what to expect when certain conditions change.

The study of microeconomics includes the following key areas that one can focus on when writing a paper:

  • Demand, supply, and their balance
  • Elasticity – the ratio of responsiveness of one variable to the change of another variable
  • Consumer demand theory – the way consumers can find a balance between purchasing needs and costs
  • The theory of production – the study of how inputs are converted into outputs
  • Costs of production
  • Perfect competition
  • Monopoly – the existence of a single supplier for a particular commodity
  • Oligopoly – a form of market in which it is dominated by a small number of sellers
  • Market structure and market systems
  • Game theory
  • Labor economics
  • Welfare economics
  • Economics of information
  • Opportunity cost

Examples of more specific topics you can use for your paper

Supply and demand:

  • How supply and demand affect pricing
  • How supply and demand are affected by the labor market
  • Distinct types of market structures and their effect on supply

Nature and ecology:

  • The impact of seasonal fluctuations on the economy
  • Demand and supply for clean energy
  • How natural conditions affect the economy
  • The influence of ecology on the choice of industry location
  • The profitability of changing the location to one with better ecology
  • The correlation between modern ecological problems and the economy
  • How companies treat ecology under market and planned economies
  • Assimilation potential of a certain area
  • Fighting pollution and its microeconomic impact
  • Decreasing environmental influences of a small business

Healthcare:

  • The characteristics of private health care centers
  • The correlation between healthcare profits and taxation

Business, SMB, and manufacturing

  • The difficulties of starting a business in the current market conditions
  • Diminishing returns
  • Improving profitability of a small store
  • How local manufacturing affects the society
  • Purchasing local produce and its effect on the economy
  • Elements of a successful business
  • Creating a positive work place and its importance for a successful business
  • How can a small business survive an economic crisis?
  • The competition between small and big companies
  • A case study of a company that was forced to shut down
  • The longevity of companies in the ever-changing market
  • Local customer trends
  • The benefits of a no-sale policy
  • The effects of a recession on a certain industry
  • How to expand a business without losses or risks
  • What makes a strong leader in business
  • Preventing bankruptcy of a small business
  • The benefits and future of crowdfunding

Social media, PR, and advertising

  • The effect of advertising on purchasing decisions
  • The odds of success when living through a quality-related scandal
  • The role of social media marketing in stimulating supply

Goods, pricing and purchasing power

  • The effect of the purchasing ability of consumers on the pricing system
  • A Veblen good – the product purchased for the pride of owning it in addition to its value
  • Manipulation of the prices for oil and gas by cartels
  • Prices versus salary – will the raise of the minimum wages affect prices?

These are but a few ideas of microeconomic paper topics, which means this list is far from complete. We encourage you to look for other ideas that will help your paper stand out.

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