1.A topic statement: this should be a brief, plain-language explanation of what
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1.A topic statement: this should be a brief, plain-language explanation of what your topic is, why your topic is interesting, and why your topic is interesting.2.A statement of yourresearch question. Having identified a broad topic, you need to develop a specific research question. The research question must clearly state the relationship you are interested in studying. A research question that is too broad willmake the paper difficult to complete. You may pick any research question, provided it has economic content.3.A discussionof anyeconomic theorythat may be useful in analyzing the question: you should provide a hypothetical answer to your research question, based on economic theory.4.Some discussion of the datathat you plan to use in analyzing your question: this discussion should contain a brief description of the data source and the variables you plan to use in your analysis.5.A listof at least three (3) academic resources that you consulted in identifying your topic and defining a specific research question. In citing your resources, please use the Chicago Author-Date style. Details on this style are here: http://library.williams.edu/citing/styles/chicago2.phpPlease consult the paper Guidelines for Writing Paperthat were distributed earlier.It has a lot of information that can help you formulate a question and search for sources.