Reference no: EM132400739

Assignment: Term Paper Guidelines

Think like an economist

"Economists try to address their subject with a scientist's objectivity. They approach the study of the economy in much the same way as a physicist approaches the study of matter and a biologist approaches the study of life: They devise theories, collect data, and then analyze these data in an attempt to verify or refute their theories " Gregory Mankiw

For your paper assignment, you need to analyze a current event, a news article, or a social media post like an economist.

Choose a topic/event/issue that interest you. How does it affect the individual, society and world?

For example: you can choose to study trade. Find a social media post or a news article that talks about it. Study the truth behind it. How does trade affect you as a person, us as a nation and us in a globalized world?

How to do that?

• You need to evaluate facts

• You need to distinguish between normative and positive statements

• You need to make assumptions

• Think in terms of alternatives

• Evaluate the cost of individual and social choices

• Examine and understand how events and issues are related

• Remember the 5 foundations of economics:

1. incentives matter

2. life is about trade-offs

3. opportunity costs

4. marginal thinking

5. trade creates value

Do any of these apply to your paper? How so?

You must

• Be creative

• Have fun

• Cite following APA standards

For ideas you can brown the following resources:

• Planet Money

• The economist

• Come see me during office hours

Citations:

Style guide for Academic Writing: OWL at Purdue, particularly the guide to "Academic Writing"

Citation guide: APA

APA Guidebook: Available at library reference desk

Submission: 5 pages long

Must include bibliography