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:
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.
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.