Assignment 3: The Economic Perspective
Select two (2) economists from the schools of economic thought covered in Chapters 1-12 in order to critically assess their contributions to economic theory. Next, use the Internet or Strayer databases to research one (1) current economic problem.
Write a six to eight (6-8) page paper in which you:
Analyze each economist's unique contribution to the evolution of economic thought. Support your response with at least two (2) examples of each economist's contributions. Summarize the current economic problem that you have researched. Using at least one (1) idea from each of the chosen economists, suggest one (1) solution to address the problem in question. Justify your response.
Suppose that the chosen economists were engaged in a debate about the extent to which government should be involved in regulating the economy. Predict the position each economist would take on this issue. Provide a rationale for your response.
Establish your own position on government intervention in the economy, and specify the central manner in which the chosen economists have influenced your position. Support your response with specific examples of relevant theories from each economist.
Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
Summarize the evolution of the major economic schools of thought.
Explain the key economic principles in pre-classical, classical, and neoclassical economic theory, and their application in specific historical and social context.
Use technology and information resources to research issues in economic thought.
Write clearly and concisely about economic thought using proper writing mechanics.
Assignment 5: Schools of Economic Thought
You will compare and contrast two (2) schools of economic thought, and determine their influence today in this assignment.
Write a six to eight (8-10) page paper in which you:
Examine two (2) schools of economic thought. Include in your analysis the major economists representing each chosen school, as well as their most important ideas and theories on macroeconomic issues.
Assess the level of impact that each school has exerted upon current economic ways of thinking. Support your response with two (2) examples of current economic thought.
Speculate on the main manner in which each of the schools in question would assess the current economic situation within the United States. Provide a rationale for your response.
Suggest the primary manner in which policy makers could utilize the approaches of such schools of economic thought in order to address two (2) of the following economic issues: economic growth, business cycle fluctuations, tax reform, and growing income inequality.
Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
Summarize the evolution of the major economic schools of thought.
Explain the key economic principles in pre-classical, classical, and neoclassical economic theory, and their application in specific historical and social context.
Apply the concepts of various economic schools to contemporary economic and business issues.
Use technology and information resources to research issues in economic thought.
Write clearly and concisely about economic thought using proper writing mechanics.