This assignment explores whether macroeconomic recessions in the United States since World War II been caused primarily by changes in [pick one] i) monetary policies, ii) taxes, iii) government spending, or iv) desires to consume, save, or invest?

Macroeconomic recessions

Macroeconomics, pick a topic. Paper details Essay Assignment Writing a short term essay is an important academic training for undergraduate students. The paper should address a question of your choice in macroeconomics, one that you can answer with a combination of simple macroeconomic theory (which you can draw from the text) and economic data. The question can be one that you make up yourself, with my approval, or it can be adapted from the list below. It is not expected that you will do any reading of economic literature beyond the regular reading assignments for the course. However, you will need to search out data to answer your question, on the web or in other sources.

Macroeconomic recessions

Suggested paper topics: 1.Have macroeconomic recessions in the United States since World War II been caused primarily by changes in [pick one] i) monetary policies, ii) taxes, iii) government spending, or iv) desires to consume, save, or invest? 2.Pick any two countries of the world whose economies have grown at significantly different rates during the last half of the 20th century. Then discuss what seem to be the principal causes of this difference in growth performance. 3.How has the natural rate of unemployment changed in the United States during the last five decades, and what changes in the economy can you identify that may have caused these changes?

Macroeconomic recessions

4.When aggregate unemployment rises and falls during the business cycle, what groups within the labor force gain and lose the most and the least in terms of their own specific unemployment? Are there any parts of the labor force that seem to be at all insulated from the ups and downs of the national labor market? 5.Which seems to be more important for explaining [pick one: investment, savings, velocity of money], the real interest rate or the nominal interest rate? 6.How, if at all, is the direction of a country’s balance of trade — surplus or deficit — related to whether it is prosperous or poor?

Macroeconomic recessions

That is, looking either across countries or in a single country over time, do situations of trade surplus tend to correspond to high employment and prosperity, to low employment and poverty, or are they unrelated? How to write the essay: 1.Pick a paper topic, either one that you design yourself or one from the above list, making it more specific where necessary. If you design your own, you should send me an e-mail describing it for my suggestions and approval. 2.Write a one-paragraph proposal (1/2 to 1 page, no more) that describes the question your paper will address and how you propose to answer it.

Macroeconomic recessions

This should include mention (but without details) of the macroeconomic concepts, theories, and/or models that you will draw upon to explain the problem (from the textbook, most likely), plus reference to the source or sources of data that you expect to use. 3.Next you should write a first draft of your paper. The text of your paper should be no more than five pages double spaced, not including any tables and graphs. (If you can’t keep it that short, narrow your topic.) 4. Lastly, produce the final version of the paper, the final version should also satisfy the five page limit.   https://youtu.be/a2azB2eag5I

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