r/econhw

I’m planning to enter the John Locke Essay Competition and I’m currently stuck between one of these two questions

1. “Should we fear a cashless society?”
2. “Technology now allows personalized pricing. If this came to be widely used, what effects should we expect?”

I’d love some opinions on which topic has more potential for a strong essay .. both in terms of originality and depth

JUST TO BE CLEAR , IM JUST ASKING FOR OPINIONS AND NOT ASKING TO WRITE MY ESSAY - I JUST WANT TO HAVE DISCUSSION

Right now, I feel like Topic 1 already has a lot of large scale relevance and existing discussion around it , it's being implemented in many countries too .. so I’m worried quite many essays will end up sounding similar unless someone has a very unique angle to it

But Topic 2 feels extremely interesting to me because it seems newer and less openly discussed, but I am having a hard time trying to understand the topic in depth ...

The idea that companies could charge different people different prices based on data, income , browsing habits, urgency, etc .. feels both fascinating and slightly dystopian but I feel it could be a very strong topic for an essay because it has so many arguments and counterarguments .. there isn't any lack of topics to speak on

Also, if anyone has experience with the competition or essay research in general..

1.)How would you approach researching either of these topics?

2.)What are the best books, papers, articles, case studies, or resources I should look into?

3.)Any particularly interesting angles I should explore?

4.)What do you think about these topics in general ?

Just to be transparent , I'm trying the econ section for the first time and I don't have much background on it but I do have lots of time now to spend on it and I'm really dedicated to research on it cuz it seems super interesting

Some background on the competition :

The essay has to be in a research type format and not more than 2000 words

Would really appreciate any inputs because I want to choose a topic that is both intellectually rich and capable of standing out. And mainly on how I can approach researching and some references I can make
This is my first time doing any type of research also ..

Russia’s Sputnik V COVID-19 vaccine will cost under $20 per person on international markets and Moscow aims to produce more than a billion doses at home and abroad next year, its financial backers and developers said on Tuesday. For Russian citizens, inoculation will be free of charge. (Osborn and Nikolskaya, 2020).
Please use 01 well labelled graph to show the consumer surplus, producer surplus and deadweight loss when the Russian government regulates the market in Russian for Vaccine to prevent nCov19 by applying the policy such that the Vaccine is free for Russian citizen and Russian gov buys from producers to give out free to its residents.

I chose a Ad company for this homework help me make these graphs

In an attempt to raise revenue, the government has decided to tax the consumption of the goods or services your organisation produces. Use a supply and demand diagram to analyse the effects of this tax on your industry.
After introducing this tax, the government does not succeed in raising enough revenue. Therefore, they decide to try taxing the production of the goods or services your organisation produces instead. Use a new supply and demand diagram to analyse the effects of this new tax on your industry.