Instructions:
After reading the book, "Big Picture Economics," you are to construct a reaction paper which presents your interpretation, opinion, and argument based on the concepts presented in the book by using the following questions as a guideline.
Remember this is a reaction paper, not a paper simply answers the guideline questions.
1. What was the objective of "Big Picture Economics"?
2. What were the pertinent issues/concepts you learned from this book and how do they apply in today's economy?
3. The book establishes in every section that general perception of things may not be the way to think of things in the economic sense - taxes, government spending, etc. may look logical on the surface but do not make sense when you really evaluate them as to what actually could or does happen. Examining current economic issues, explain our insight as to the normal way of looking at the economics or economic policies may not be the right way to look at it.
4. Provide an overview of the book as to your viewpoints/critique regarding the author's implied principles.