Homework
Length: 1500 to 2000 words.
The writing homework is to write a compact, carefully polished essay on current macroeconomic issues facing the U.S. economy. Note that there are certainly important things to explore that are not listed. The topic and requirements of the essay are listed below
Topic: The macroeconomics of international trade
1) Summarize the microeconomic "comparative advantage" argument for free international trade.
2) Analyze the claim that low-wage countries are "stealing" U.S. jobs? Consider various theoretical perspectives.
3) Under what circumstances does the U.S. macro trade deficit reflect a weakness in the U.S. economy?
4) Assess the case for protectionist policies.
Consider alternative policies to address the challenges of economic dislocation and stagnation that seemed important to the surprising electoral victory of President Trump.
Note that for the topic suggested above, you should base your analysis on the theoretical framework. That is, you should explicitly ground your analysis in the classical model, the Keynesian model, or the neoclassical synthesis. It would be useful to justify your choice of model (or possibly a mixture of models) and explain how your choice of theoretical framework could lead to different conclusions compared to alternatives.
Format your homework according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.