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Write an essay of at least 300 words, addressed to a general audience, where you make arguments about free trade and protection.Your arguments should be based on the a) the costs and benefits of free trade; b) the costs and benefits of the various types of protection; c) the costs and benefits of discriminating protection (i.e. participation in trading blocs.)

For this writing assignment you will be given an economic podcast and will be asked to critically evaluate it. You will be graded on the quality and thoroughness of your analysis. Therefore, you will also be graded on the clarity, flow and overall cohesiveness of the writing in your paper.Podcast: http://freakonomics.com/podcast/uber-economists-dr...Paper Outline Introduction (5 points): The introduction (first paragraph) briefly summarizes what you consider to be the main point(s) of the article. If there are many, focus on the one(s) that you will analyze in the assignment. your THESIS, what your essay will be about in relation to something from MICROeconomics such as (supply, demand, oligopoly's, monopolistic competitions, firms, Market supply and demand and so on whatever you choose is best and can relate to the essay). Summary (5 points): A short summary of the podcast should be included. This summary should capture the key points presented in the article and any important facts or elements. Do not spend the whole assignment summarizing the entire podcast. Summaries should be succinct and to the point and be approximately one paragraph. 5 sentences is good. Analysis (15 points): Your analysis should use economic concepts you have learnt in class. In other words, analysis should focus on how topics covered in class are applicable/relevant to the real world. Be sure to demonstrate your analysis using graphs and/or models learned in class. Provide a supply demand or some sort of model that demonstrates what you're idea is relating to in the podcast. ( yes attach or draw onto the actual essay wherever you explain it). The graphs or models can either be in this paragraph or in the next paragraph in CRITICAL EVALUATION. Be careful to address the appropriate audience. Remember; narrow your focus so that your analysis can be more in-depth. That is much more important than hitting every point made in the podcast.Critical Evaluation (20 points): This is the most important aspect of this assignment. Students should focus on whether they agree or disagree with what is stated in the podcast or what their recommendations may be. Students can also analyze how the material in the podcast will impact the economy in a micro setting. The analysis portion has the potential to be varied in nature. However, I recommend sticking to my guidelines below:• To evaluate an article you need first to understand the author’s arguments. Start by identifying the assumptions inherent in the argument, checking to see if the conclusions follow from these assumptions. Try to distinguish the argument from the evidence provided to support the argument• To do critical evaluation, essentially you should take apart the various steps in the argument and see if they make sense separately and as a whole. Can you use the tools learnt in class to think about the argument in another way? Check to see if the author is missing anything in his/her argument or has used some tool or method incorrectly or inappropriately. Is there evidence that contradicts their argument?Conclusion (5 points): It is important to have a strong conclusion, since this is the last chance you have to make an impression on your reader. The goal of your conclusion isn’t to introduce any new ideas, but to sum up everything you’ve written. Specifically, your conclusion should accomplish three major goals:1. Restate the main idea of your essay, or your thesis statement. 2. Summarize the main sub-points of your essay. 3. Leave the reader with an interesting final impression.Works Cited: Works cited completed using MLA format. Must cite at least 3 sources. Class notes/lecture can account for one source. The textbook can account for one source.How to format your assignment• Your assignment should follow MLA format. In other words, your assignment should be typed, double-spaced and have a font size of 12 points.• The length of the assignment is not long → 3-4 pages.• The assignment should be in Word.