Key Concepts in Economics

Sep 6th, 2017
Price: $30 USD

Question description

Assignment: Key Concepts in Economics (175 points)

Due Week 10 and worth 175 points

For the Week 8 Apply the Principle you selected an article or video from the various This Week in Business News. You have already written a paragraph explaining why the topic in the article/video is important. You have already summarized the article and identified the economic principle(s) or economic theories that are the foundation of the article.

Starting from that work; this week, you are to research what others have said. You are to find at least 3 academic quality source that explore the same topic and/or explain the economic principles found in the article/video. As you example these new references, do they agree/support with the initial article? Do these new resources shed additional understanding of the economic principles?

Now, write a paper explaining all of the research in which the final portion of the paper is your conclusion.

The paper should include:

  • your introduction, your summary and understanding of the initial article/video;
  • short discussions of what your additional research found;and;
  • Your conclusion based on the research and explained what you learned and how you will use this new understanding

Write a three to four (3-4) page paper in which you:

  1. Write an introduction for your paper explaining why the topic in the article/video is: a) important to you; and/or b) why you think others should understand the topics or issue.
  2. Write a 3-4 paragraph summary explaining the key points made in the article/video.
  3. Identify and explain how the principles or theories studied in the course are foundational to the issues discussed in the article/video.
  4. Find three other academic quality articles on the same topic. Identify what these articles contribute to understanding the topic or issue and do they agree, not agree, of somewhat agree/disagree with the initial article.
  5. Write a conclusion in which explains what you learned about the topic and what conclusion you draw from your research on the topic.
  6. Use at least three (3) quality resources in this assignment.

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.

Grading for this assignment will be based on answer quality, logic/organization of the paper, and language and writing skills, using the following rubric found here.

Running Head: THE ECONOMIST 1 The Economist Tyrone B Alsbrooks Strayer University Principles of Economics Professor Dr. Isley September 6, 2017 THE ECONOMIST 2 The article ‘‘Where does the buck stop’’ by The Economist enumerates how the government can use fiscal and monetary stimulus to boost the economy of the country. The major fiscal and monetary stimulus that has been highlighted in the article include government spending, interests rates, discount rates, government taxes, and Open Market Operations. According to the article, the fiscal and monetary stimulus is used by the government to regulate the money demand and money supply. To remedy the euro crisis, Keynes, one of the greatest thinkers of 20th century argues that the financial crisis could only be solved through full employment. Keynes further argues that ‘'the multiplier effect'' is a remedy to the crisis (The Economist, n.d). With him, government spending added directly to the nation's income and output helps to improve the situations. Keynes believes that money which is used to pay suppliers, contractors, and civil servants help to increase extra income to the economy. Keynes advocated for government spending because he believed it increase economic activity. The idea of full employment advocated by Keynes faces serious criticism from other economists like Robert Lucas and Tom Sargent. According to Lucas and Sergent, the full employment cannot entirely solve the financial crisis. Lucas and Sergent argue that government can try to boost slow-growing economies only to find that interest and inflations rates increases even as unemployment remained high. The article is very important to my career because it has helped me to understand vividly the concepts behind full employment and unemployment. The idea of government spending and borrowing has come out clear in the article. It is evidenced from the article that THE ECONOMIST 3 government spending can help to boost national income and output. The article has also shade more light on the role played by the fiscal and monitory stimulus to the economy. Reference The Economist. (n.d). Where does the buck stop. Print

Tutor Answer

(Top Tutor) Raphael M54
School: Carnegie Mellon University

Here is the part i did


Key Concepts in Economics
Institutional Affiliation




The article Where Does the Buck Stop brings about the idea of economic stimulation
through the use of fiscal and monetary stimulus to boost a country's economy. Through the ideas
of John Maynard Keynes, the article discusses some of the best options that governments can use
to stimulate the economy of a country. The topic is of great importance to my career as it helps
understand the concepts behind full employment and unemployment. Being one of the tools used
by the government to stimulate the economy, I believe that it is an important topic for every
citizen to understand. Citizens have the obligation of safeguarding the economy and hence
through understanding such concepts; it will be easier for them to align their interests with those
of the government to maintain a healthy economy. In this text, I will analyze text from other
authors as it relates to fiscal and monetary stimulus.
Economic Principles
The article tries to answer how countries can stimulate their economies. It presents the
ideas of John Maynard Keynes who ...

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