ECON 460 ARTICLE SUMMARY ASSIGNMENT 1

You are to read the following article

Some Aspects of Property Rights Harold Demsetz

Journal of Law and Economics, Vol. 9, (Oct., 1966), pp. 61-70

and write a short summary. The structure of you summary should be as follows:

1. What is the the topic or message(thesis statement)?

2. What are the key points the author makes to support his position?

3. What is the Lesson learned and why is it important? How does it impact the traditional economic models of supply and demand that are taught in Microeconomic Principle classes (Econ 103)?

Format and Length:

Typed, single spaced, 12 point font.

Minimum of  3 pages, maximum of 5 pages (not including title page.

Page Numbers and your Name in either the Header or Footer

(Marks will be deducted for noncompliance)