Assignment: Article / Audio Review:
Article: Does Britain Have the World's Best Health System? Only If You Ignore Outcomes by George Pickering.
You will write a paper that is half summarization and half application of economic ideas from class and the textbook. Book name: (Principles of Macroeconomics - Mankiw, N. Gregory)
Ch: 1, 2, 4, 10, 11, 12, 13, 14, 15, 16, 17.
Requirements:
• 1.5 to 2 pages, 12-point font, double spaced
• Roughly half summarization and half application of economic ideas
• The summarized potion of your paper should show the ability to understand and summarize economic information and ideas
o You should be able to identify the main points clearly and concisely
• The application portion of your paper should show the ability to relate what we have learned in the class or from the text book to the source information for your paper
o With the identified main points, expand upon them (ex. giving impacts in other areas: markets, human choice, normative vs positive)
o If xyz increases demand in one market. What is the impact to other markets or the broader economy? Change in price and quantity? What are the impacts to economic growth (factors of production)?
o If the article deals with how xyz impact consumption and GDP, then you might want to mention how the other components of GDP would be impacted by xyz or if a tax will reduce consumption, jobs, ets. in other areas.
o What happens to real economic variables? Real impacts (no free lunch)?
• Being able to use economic vocabulary correctly is important, so be sure to include some (key terms from the book)
• Spelling, grammar, etc. are not the main focus of this exercise but you may lose points if it is an issue.