I expect you to write your term paper on any social, political, religious, political, scientific, organizational, anthropological, linguistic, historical issue you are interested in that has an economic side that is relevant in its public discussion.
I want the term paper to be composed of 3 parts:
1) Subject description and Introduction: I want you to define the topic you are writing on, its scope and boundaries in one or two pages. For example, if you are writing on US Healthcare reform, you might want to confine interest in the last 10-20 years and focus on the issues and discussions around the Affordable Care Act. Make sure the first 1-2 paragraphs clearly define what is the core topic youre researching on.
2) Literature review: I expect you to do a google research, and check library holdings that are very closely related to your topic. I expect you go over 15-20 references in total to recent publications like research papers, journal or newspaper articles, books, youtube videos,..etc. surely I dont expect you to read multiple books fully; but you should have a sense of what is going on and know the basic ideas of the resources you are citing. This part should take around 5-7 pages.
3) Original Contributions, Comments and Critique: This is supposed to be the original part, that comes directly from you, after all you have read and thought. You can comment on the claims and arguments in the resources you have cited, come up with your own opinions and analysis and also raise issues or further questions yourself. There is no page limit on this part, but I expect at least 2-3 pages of original commentary and analysis. This is supposed to be an economic analysis, hence try to bring to mind all concepts, tools, methods you have learned in all economics classes you have taken thus far. The issue surely has social , political, historical angles to it naturally, and you may include such approaches, but you are supposed to look at the issue mainly from an economic angle, with concepts like costs, benefits, parties of interest, demand and supply, market power, externalities, welfare, elasticity etc.
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