critical thinking & analytical assignment

Complete each of the following three essays: double-spaced, as a single MS-Word or rich text format document file, numbered consecutively; length 6 – 7 [Max] page range TOTAL, and without references listed. This is a critical thinking & analytical assignment which should be written exclusively in your own words & perspective. Only the second question will require an external website, as you develop your own individual & informed interpretation from the basis of our microeconomic course content… Analyze your chosen topics in terms of your own economic understanding to date. Next, in each & every succeeding paragraph apply as many of the principles and theories from the textbook to your topic as possible. The final paragraph should reflect your conclusions. Summary or narrative description is valued less than substantive economic analysis and supportive argument… The first question is a critical thinking topical issue. The next question is taken from a website video & chapter summary. Finally, the last topic should carefully reflect the evolution of your own economic thinking throughout the quarter. Each essay should be approximately two (2) pages in length. The assigned topics are as follows: 1. In terms of concepts & theories that were studied in this course, describe what you consider to be their primary shortcomings. What are your main challenges to their validity? Illustrate your answer with examples to the best extent possible. (~ 2 pages); 2. Go to the website: (Links to an external site.)and scroll to Storyline on your left. Select Episode II: “The Agony of Reform” for Chapter Summaries and watch the video (links in Week # 9 Module from You Tube). Apply as much material from our course (concepts & theories) as they help explain the economic transitions in South America, Poland, India, and Russia. What is the essential microeconomics behind these economic programs? (~ 2 pages); and finally 3. Describe specifically how your economic thinking has been affected by this course and how you can best make use [apply] the central principles and theories which were studied. What is the main outcome(s) from the course for you? (~ 2 pages)