write an essay about Rent control using The given economic podcast and any topic related to Microeconomy and critically evaluate it. https://freakonomics.com/podcast/rent-control-rebroadcast/ Paper Outline Introduction : 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. Summary : A short summary of the podcast should be included. This summary should capture the key points presented in the podcast and any important facts or elements. Do not spend the whole assignment summarizing the entire article. Summaries should be succinct and to the point and be approximately one paragraph. Analysis : In your own words, explain the pros and cons to rent control. This is not a summary of the podcast. That was the previous paragraph. Remember, you are looking at this writing assignment through the lens of an economist. You will need to research the effects of rent control, going beyond what has been explained in the podcast. Do not copy past graphs or charts from outside sources. What I am looking for is to demonstrate economic intuition by explaining what are the good and bad to rent control. Be sure to demonstrate your analysis using graphs and/or models for Microeconomics. Be careful to address the appropriate audience. Remember; to narrow your focus so that your analysis can be more in-depth. That is much more important than hitting every point made in the article. You are required to do in-depth research into this issue going beyond the podcast and text. Assume your reader has taken this course and only understands microeconomic theories in the context of the theories covered in this class. You are expected to use at least one of the concepts covered in class. Policy Recommendation: This is the most important aspect of this assignment. you are expected to clearly and in detail provide a policy recommendation. In this section, you need to explain the short-run and long-run effects of your policy recommendation. That is, not only the impacts to rent control but also the impacts on the economy as a whole. Again, I expect you to use multiple models in this section. The analysis portion has the potential to be varied in nature. However, I recommend sticking to my guidelines below: Provide a summary of your policy recommendation and explain how it works. Then, critically evaluate your policy recommendation. Essentially you should take apart the various steps in the recommendation and see if they make sense separately and as a whole. Check to see if you are missing anything in your argument or have used some tool or method incorrectly or inappropriately. That is, think on the other side of the aisle and find counter-arguments. Is there evidence that contradicts your policy? If so, how would you address them? All models must be drawn by hand. No models “grabbed” from the text or internet. Conclusion: 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: Restate the main idea of your essay, or your thesis statement. Summarize the main sub-points of your essay. Leave the reader with an interesting final impression. Works Cited: Works cited completed using MLA format. Must cite at least 3 sources. How to format your assignment Your assignment should be typed, double-spaced, 1-inch margins, and have a font size 12. Minimum of 3 pages (not including models, works cited page). Your models must be hand-drawn, scanned as an image, and pasted to your word document. The assignment must be in Word. you can convert your writing assignment to a word document.