The short essay must be informal (non-mathematical) discussion and analysis of a self-identified economic problem or puzzle. This problem should be analyzed using microeconomic tools and concepts in a logically stringent way.The paper's first paragraph, of a few lines, should spell out what you will do and how you will do it, why it is an interesting issue and the result of the analysis. The analysis should be the bulk of the paper. The paper should end with results or conclusions. Max 2 pages.