Requirements: Short summary of the reference article (1 paragraph) Detailed anal


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Requirements:
Short summary of the reference article (1 paragraph)
Detailed analysis of the story behind the reference article using economic principles
Discuss how to apply the economic way of thinking in this scenario
Include graphs/data/figures
Final paper must be 2-3 pages long, double spaced, excluding the graphs/data/figures
Economic principles to consider:
Market forces of supply & demand
Supply curve, demand curve, equilibrium
Elasticity
Economic way of thinking: economic policies, scientific judgements
Reference article:
https://www.npr.org/sections/health-shots/2015/03/19/393856788/why-is-u-s-insulin-so-expensive
Other articles to refer to:
https://www.mayoclinicproceedings.org/article/S0025-6196(19)31008-0/fulltext
https://www.businessinsider.com/insulin-lifesaving-prescription-drug-so-expensive-pharma-industry-2019-1

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