This assignment is worth 100 test points. Prompt: “Is economic competition good or bad
for society?”
(REPLACE COLORED PORTIONS WITH THE TEXT OF THE ESSAY AND ERASE
COLORED SECTIONS)
PLEASE ASK OR EMAIL MR. BEEM IF YOU HAVE ANY QUESTIONS. EMAIL
EBEEM@KUSD.EDU. FREQUENTLY CHECK THE RUBRIC WHILE YOU ARE
WRITING
Name
Economics
Factor Markets Essay
Mr. Beem
4/4/13
Clever bolded title about political ideology
Introduction paragraph. Introduce the topic and draw your reader in. Pose the question
“Is economic competition good or bad for society?” Convey that the thesis is “Economic
competition is (good or bad) for society.” Include a conclusion sentence in this paragraph that
links this essay to . CITE EXAMPLES FROM TEXTBOOK AND/OR OUTSIDE RESEARCH
IN YOUR BODY PARAGRAPHS.
Foundational concept of competition. (1) State what Adam Smith believed about markets
and competition. Cite where you find your information. (2) State whether you agree or disagree
with Adam Smith. (3) Explain why you agree or disagree with Adam Smith, and explain why
your reasons bolster your thesis.
Market Structures. (1) Explain the four essential market structures and how they impact
competition in society. Cite where you find your information. (2) Explain which market
structure is, in your estimation, the best one. Why? (3) Explain why the other market structures
are inferior (meaning not as good). (4) Explain why your analysis of market structures bolster
your original thesis.
Labor Unions. (1) Explain the role of Labor Unions in relationship to firms and
businesses. (2) Explain whose interests the labor unions protect. (3) Explain how labor unions
achieve their goals. (4) In your opinion, do labor unions benefit competition or harm
competition? Explain your opinion on this matter. (5) Explain how the discussion about labor
unions bolsters your thesis
Integration and Conclusion paragraph. In conclusion, “economic competition is (good or
bad) for society because…” Make a prediction about the results of economic competition in
society. Defend your conclusion with logical arguments, and close your essay with a conclusion
that ties back to the original thesis.
Bibliography:
Include all citations used in text in the bibliography in MLA format (use
http://citationmachine.net/index2.php if you are unsure of how to create the citation)