The document outlines a task requiring the reading of part one of 'Economics in One Lesson' by Henry Hazlitt and writing an essay that applies Hazlitt's economic lessons to analyze a real-world issue. It emphasizes the need for critical understanding and encourages using at least three additional references alongside the book. Furthermore, it instructs reading part two to see Hazlitt's application of his theories to historical issues and to use his model for analyzing a current chosen issue.