Economic Issues

Consultanting
February 26, 2020
Agency Operations and Legalities
February 26, 2020

• Assignment Instructions

  1. Select a research topic on an economic issue. Consult with your instructor to discuss your ideas.
  2. Conduct research on your topic using at least five sources (Wikipedia is not a source).
  3. Write a Research Paper with a Body length of 2-3 pages using APA style.
  4. Double-space your Research Paper.
  5. Include a Title Page, an Abstract with Key Words, a Body, and References.
  6. In the Body of your Research Paper, begin with an Introductory Paragraph and end with a Concluding Paragraph.
  7. Since this is a Macroeconomics course include hard data (numbers) to help support your presentation, i.e. GDP, PPI, Employment Levels, Income Levels, etc.
  8. Use the Writing Lab to provide assistance with editing your paper.
  9. Your paper will be checked for plagiarism using SafeAssign. Plagiarized papers, whether intentional or simply due to ignorance will receive a total grade of zero. Read the following information on plagiarism.

The Research and Writing Process
Begin this assignment by following these steps in the research process:

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  1. Select a topic.
  2. Look for reference materials that address the topic from a wide variety of sources.
  3. Focus on one particular question inside your topic to address in your paper.
  4. Develop your thesis based on your reading and your analysis.
  5. Make sure you have a strong thesis. Can you answer “yes” to these questions about your thesis?
    o Does the thesis respond to the prompt or address my research question?
    o Could someone disagree with this thesis?
    o Is the thesis derived from considering a wide variety of sources and statistics?
    When you have a strong thesis and good information from research begin writing a rough draft of your paper. Make sure to include the following components:
  6. Title Page
  7. Abstract with Key Words
  8. The Body of Your Paper including an Introduction and Conclusion
  9. References

Examples of Research Topics

  1. Fiscal policy tools to prop up aggregate demand during the Great Recession. Provide an overview of these fiscal policies and evaluate their effectiveness in the recovery after the Great Recession.
  2. Discuss the short run and long run advantages and disadvantages of the bailouts of investment banks and corporations in response to the Great Recession.
  3. Explain how monetary policy was used in the recovery from the Great Depression. Analyze the effectiveness of this monetary policy action.
  4. Explain the fiscal tools available to the federal government. Explain the limitations and problems associated with fiscal policy. Explain the consequences of using them incorrectly. Finally, explain the relevance of a current fiscal policy proposal in your own life.
  5. Explain how globalization has changed the U.S. economy. Identify winners and losers, including the U.S. consumer in your analysis.
  6. When the economy is at full-employment, it can only grow further through technological advances and accumulation of capital. Thinking about the “creative destruction” process of capitalism, explain how education is a requirement for technological advances to lead us to growth. Explore the relevance of such a scenario in your personal life and in your job search.
  7. Discuss the use of deficit spending to respond to economic downturns. Evaluate the long-term consequences of deficit spending. Is our total deficit too high? Is this the right time in the business cycle to decrease spending? How might the deficit affect your future?
  8. Analyze the aging of the U.S. population and the financing of Social Security. What do you think should be done for the long-term benefit of the nation, senior citizens, and taxpayers to place social security on a sound financial footing going into the future.
  9. Explain the opportunity cost of not providing excellent early education. In your explanation define opportunity cost and explain the external benefits that result from educating someone else’s children. (This topic should be based upon the US economy and not the actual aspects of early childhood education.)
  10. Monetary policy vs fiscal policy.
  11. Create your own research topic based on your own interests. You can start by looking in newspapers or business journals about current issues in the macro economy. Focus on topics with a clear macroeconomic application such as: opportunity costs, scarcity, unintended consequences, supply and demand issues, and fiscal or monetary policy applications. When you start looking for macro paper topics, you’ll find they are everywhere!
    Be sure to include GDP, PPI, employment levels, etc. within your presentation. Hard data should also be used to support the presentation.

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