Current Topic Assignment

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Fourth Current Events Assignment:
Microeconomics ECON 101-3 and 4
Fall 2019
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The emergence of web-based companies has transformed our economy and had a profound effect in wide range of industries.
The first column below lists some of the companies and innovations that have altered the industries listed in the second column.
Choose one of the companies/innovations (or pick one of your own!) and describe the impact that it has had on its industry.

  • How has the company transformed an industry or changed people’s lives?
  • What kinds of companies have been hurt by the new entrant?
  • Have any companies been helped?

Company/Innovation                                               Industry    
Ridesharing services (e.g. Uber and Lyft)        Taxi cabs and public transportation
Streaming TV services (e.g., Netflix,
Prime TV, Disney, Apple TV  etc.)                   Traditional network and Cable TV
Music Streaming Services (Spotify, Apple          CDs, vinyl records, etc.
Music, Pandora, etc)
Amazon                                                                   Brick and mortar retail stores, package delivery companies
Airbnb                                                                       Hotels, Motels
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Your report should be no more than two pages, including any graphs that you use. You can use the articles on the Canvas pages as references, or select articles on your own.
This is our fourth Current Events assignment. Together, the assignments count for 15% of your final grade. You can deduct your lowest grade from the four assignments, provided you have submitted all four assignments. In that case, each assignment counts for 5% of your final grade. If you have not submitted all four assignments, your Current Events grade will be an average of your four assignments, with the missing assignments counted as zero.