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Pay for Performance. Equity Theory

Pay for Performance. Equity Theory Paper  (4-5 pages, 6 sources, APA style)

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Microeconomics: Market Analysis

Microeconomics: Market Analysis

Objective: One of the primary goals of this course it to apply relevant course concepts/theories to real world events. In addition to the article analysis, this final project will instruct students to continue to apply these theories.

The primary portion of the final project will be a market analysis. As we have discussed in class, markets form the foundation of our course and drive almost all of our discussions. This type of market analysis represents the core of the final project.

This project will be relatively free form. However, students should utilize these guidelines to ensure their work is complete:

Introduction: The 1st step of this project is to choose a specific product offered by 1 company for your market analysis. I highly recommend that students choose a market that they are interested in.

For example, Professor Tung may choose the market for the video game handheld/console hybrid: the Nintendo Switch or the figure-to-life product: amiibo.

The introduction should include a recent history of the market. This information can include sales data, recent mergers, stock prices, new products/competitors, profit reports, a more in-depth history of the company, or any other information that will introduce this product to me. Do not feel constricted to use only this information. If other pertinent information is found, please include it in your overall market analysis. Additionally, I highly encourage students to use visual aids (graphs, profit reports, pictures of relevant figures, etc.)

Application of Course Concepts: We will cover many different topics throughout this course. Students will be required to use these concepts to analyze their chosen market. Please make sure to reference material from the entire course to more fully understand this market. For instance, the market forces of supply & demand, elasticity, surplus analysis and the efficiency of markets, international trade, and externalities.

In addition, future topics include the costs of production, firms in a competitive market, monopoly, monopolistic competition, & oligopoly. These topics will allow for in-depth analysis of the market in which student’s chosen company competes in.

Not all of these topics will be relevant for each student’s market analysis. However, students should attempt to maximize the relevant course concepts that are referenced. There are many ways that students can incorporate key concepts from class including graphical analysis, anecdotes, benefit/cost charts, and research statements. The work you have been doing on your article analyses will also bolster this aspect of the final project.

Examples of methods of incorporating key course concepts into your final project:

Analyzing a graph with sales data to demonstrate how the market has fluctuated over a short or long period of time. What was the cause?

Referencing elasticity to explain market fluctuations. How does the relative response of consumers or producers affect market outcomes? This is a great method to demonstrate the validity of our relevant course concepts.

Have taxes had a big impact in your market? What about international trade? Support your statements with graphs, visuals, and strong critical thinking.

Recommendations for Company: The primary purpose of this project is for students to utilize relevant course concepts to derive valuable conclusions. These conclusions should aid companies in making decisions. One primary way that this information can be presented is with a S.W.O.T. report.

S.W.O.T. stands for:

Strengths: What are the strengths of the company/product? In other words, does this company have a comparative advantage or other particular abilities this company may have in the production of your chosen product.

Weaknesses: On the other hand, what are the weaknesses this company may have? Do you believe that there are any deficiencies in terms of production capability, marketing, competitive position, or elsewhere?

Opportunities: Are there opportunities for this company to expand in this market or into another one altogether? Expand on these thoughts.

Threats: What kind of threats will this company potentially encounter? These threats may take the form of additional competition (domestic or foreign), government regulations, political turmoil, or shifts in sectors/industry.

-Your statements in your S.W.O.T. analysis should be comprehensive, precise, and well-formed. Companies require this kind of in-depth analysis when making decisions.

If you would like to create your own, original statements for your recommendations, that is also acceptable. However, I highly recommend that you see me to double check if your statements are appropriate if you choose to do so.

General Recommendations:

-Make sure to be highly professional in terms of wording, formatting, and presentation. Creating professional work is a valuable asset to have upon graduation.

-The length and form of this project is up to students. Though this is unorthodox, I believe students will benefit from having more freedom in terms of decision-making related to this final project.

-Please cite your sources using MLA format at the end of your final project.

Grading: The syllabus states that together the final exam and the final project will be worth 30% of your overall grade.

-Final Project: Will be worth 20% of your overall grade.

-Final Exam: Will be worth 10% of your overall grade.

Due Date: The final project will be due on the last day of the semester: Thursday, September 22, 2018

Juvenile Justice Policy Paper 

Juvenile Justice Policy Paper 

Minimum Requirements of the Research Paper/Policy Report:

Your policy report must be between 10- to 15-pages (approximately 2,500 words and 3,500 words). Your policy report must also be double-spaced with 1.0-inch margins and using a 12-point Times New Roman font. I use turnitin to review for plagiarism, and your report should not have a similarity score at or higher than 25% (the reference page and direct quotes are not included in the similarity score that is generated by turnitin).

Overview of a Policy Report

Now, the overview: A policy report is a document that outlines the rationale for choosing a particular policy alternative or course of action in a current policy debate. It is commonly produced in response to a request directly from a decision-maker or within an organization that intends to advocate for the position detailed in the brief. Depending on the role of the writer or organization producing the document, the brief may only provide a targeted discussion of the current alternatives without arguing for a particular one (i.e. those who adopt the role of ‘objective’ researcher). On the other end of the scale, i.e. advocates, the brief may focus directly on providing an argument for the adoption of a particular alternative. Nevertheless for any case, as any policy debate is a market place of competing ideas, the purpose of the policy brief is to convince the target audience of the urgency of the current problem and the need to adopt the preferred alternative or course of action outlined and therefore, serve as an impetus for action.

The key to success is targeting the particular audience for your message. The most common audience for a policy brief is a decision-maker or policymaker, but it is also not unusual to use the document to support broader advocacy initiatives targeting a wide but knowledgeable audience (e.g. journalists, diplomats, administrators, researchers). In constructing a policy brief that can effectively serve its intended purpose, it is common for a brief to be:

  • Focused—all aspects of the policy brief (from the message to the layout) need to strategically focused on achieving the intended goal of convincing the target audience. For example, the argument provided must build on what they do know about the problem, provide insight about what they don’t know about the problem and be presented in language that reflects their values, i.e. using ideas, evidence and language that will convince them.
  • Professional, not just academic—The common audience for a policy brief is not interested in the research and analysis procedures conducted to produce the evidence, but are very interested to know what scholars know about the problem and potential solutions based on the best available evidence.
  • Evidence-based—The policy brief is a communication tool produced by policy analysts and therefore all potential audiences not only expect a rational argument but will only be convinced by argumentation supported by evidence that the problem exists and the consequences of adopting particular alternatives.
  • Limited—to provide an adequately comprehensive but targeted argument within a limited space, the focus of the brief needs to be limited to a particular problem or area of a problem.
  • Succinct—The type of audiences targeted commonly do not have the time or inclination to read an in-depth 30 page argument on a policy problem. Therefore, it is common that policy briefs do not exceed 9 to 12 pages in length (i.e. not longer than 2,500 words).
  • Understandable—This not only refers to using clear and simple language (i.e. not the jargon and concepts of an academic discipline) but also to providing a well-explained and easy to follow argument targeting a wide but knowledgeable audience.
  • Accessible—the writer of the policy brief should facilitate the ease of use of the document by the target audience and therefore, should subdivide the text using clear descriptive titles to guide the reader.
  • Practical and feasible—the policy brief is an action-oriented tool targeting policy practitioners. As such the brief must provide arguments based on what is actually happening in practice with a particular policy and propose recommendations that seem realistic to the target audience.

The Structural Elements of the Research Paper/Policy Report

Policy reports directly reflect the different roles that the policy analyst commonly plays, i.e. from researcher to advocate. The type of report that you are writing is one from the more action-oriented, advocacy end of the continuum (but that is nevertheless based purely on evidence and not your opinion). Although there is much variation even at this end of the scale, the most common elements of the policy brief are as follows:

  • Title of the Policy Report
  • Executive Summary
  • Context and Importance of the Problem (also called the ‘Introduction’)
  • Pre-Existing Policies, Policy Options, and Research
  • Conclusion
  • Policy Recommendations
  • Reference Page

The following is a description of each of the elements required in your policy report (and note that these should be subheadings in your policy report):

  • Title of the Policy Report—The title aims to catch the attention of the reader and compel him/her to read on and so needs to be descriptive, punchy, and relevant.
  • Executive Summary—The executive summary aims to convince the reader further that the brief is worth in-depth investigation. It is especially important for an audience that is short of time to clearly see the relevance and importance of the report in reading the summary. As such, a 1 to 2 paragraph executive summary commonly includes: A description of the problem addressed; a statement on why the current approach/policy option needs to be changed; and your recommendations for action.
  • Context and importance of the problem (i.e. Introduction)—The purpose of this element of the report is to convince the target audience that a current and urgent problem exists which requires them to take action. The context and importance of the problem is both the introductory and first building block of the brief. As such, it usually includes the following: A clear statement of the problem or issue in focus; a short overview of the root causes of the problem; and a clear statement of the policy implications of the problem which clearly establishes the current importance and policy relevance of the issue. It is worth noting that the length of the problem description may vary considerably from report to report depending on the stage on the policy process in focus, e.g. there may be a need to have a much more extensive problem description for policy at the evaluation stage than for one at the option choosing stage.
  • Pre-Existing Policies, Policy Options, and Research—The aim of this element is to detail shortcomings of the current approach or options being implemented and therefore, illustrate both the need for change and focus of where change needs to occur. It also should detail the evidence about what will likely work better (or not suffer from the shortcomings). In doing so, the critique of policy options usually includes the following: A short overview of the policy option(s) in focus and the evidence illustrating why and how the current approach is failing and why and how another option is not failing (and is hopefully ‘working’). It is also important for the sake of credibility to recognize all opinions in the debate of the issue.
  • Conclusion—you need to summarize briefly what the readers should take away from your research review.
  • Policy recommendations—The aim of the policy recommendations element is to provide a detailed and convincing proposal of how the failings of the current policy approach need to change. As such this is achieved by including: A breakdown of the specific practical steps or measures that need to be implemented. You may also include a closing paragraph reemphasizing the importance of action. The recommendations should follow the conclusion.
  • Reference Page—Since your policy report is research-driven and evidence-based, you should include a reference page that includes all the journal articles, book chapters, books, and reputable reports that you used to inform your policy report. You should have at least 8, but likely more. Also, you must have in-text cites throughout your policy brief report. Remember, this is not original research by you, thus you should have a copious amount of in-text cites. By way of example, here is a decent illustration of in-text citing:
  • DO NOT PLARAGIZE