foundations of microeconomics essay

Background：
Recently, new energy products are becoming more and more popular. My father is a car enthusiast. He recently bought a new energy vehicle brand Tesla model x. The another one in my family is a gasoline car.
Analyse the opportunity cost and Absolute advantage comparative advantage of new energy vehicles and fuel vehicles from the point of view of economists
Opportunity Cost（lecture1）
Absolute advantage comparative advantage（lecture 2）
Absolute Advantage: ability of an individual, firm, or country to produce
more of a product or service than competitors using the same amount of
resources. alternatively, produce the same amount of product or services as
competitors with less resources.
Comparative Advantage: ability of an individual, firm, or country to produce a product or service at a lower opportunity cost than other competitors (relates to who is more efficient at producing something).
1. Describe the context for your essay using about two or three sentences. According to background In choosing your context, think about how you will be able to demonstrate the connections you have made with the learning materials relevant to the essay and economic thinking (use no more than 70 words).
2. Identify two theoretical concepts, Opportunity Cost and Absolute advantage comparative advantage The theoretical concepts must be stated as dot points after your context has been established. The concepts you list should also be clearly applicable to your chosen context (50 to a maximum of 70 words).
3. In thinking about your chosen context, identify two or three assumptions you might have made, or you think others might have made, in any of your decision making prior to being exposed to the learning materials for the particular essay. The assumptions need to be relevant with regards to the context chosen in section 1 and the theoretical concepts chosen in section 2 (100 to maximum of 120 words).
4. State what you have learned from applying the essay learning materials by outlining how your thinking has now changed toward the economic concepts used in your context. In doing so, three key requirements need to be captured. First, comparisons between prior understanding (perhaps as someone with no economic background) and new insights from learning to think like an economist are evident. Second, in making such comparisons, each of the theoretical concepts listed in criterion 2 (above) need to be at the centre of outlining what was learned. Third, the linkages between learning and economic thinking are clearly conveyed through building on the chosen context (150 to 170 maximum words).
5. Concisely reflect on what you have learned using non-technical, plain language. First, do this by showing clear connections between your chosen context in section 1 and the theoretical concepts listed in section 2. Second, your reflections need to show an ability to extend what you learnt more generally (e.g. to a manager, a politician, parents, friends, workplaces, industry, society, or everyday decision making). Third, the practical benefit(s) that emerge from your reflection need to be highlighted and clearly relate to your chosen context in section 1 and the theoretical concepts listed in section 2. Fourth, you need to substantiate your claims by referencing at least three and at most four sources published within the past six months (200 to 220 maximum words).
Please read document“2” ；example of essay and rubricBackground：

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