A Concise Guide to Writing Economics Term Papers∗ Raechelle Mascarenhas and Jan Crouter Department of Economics Whitman College August This guide is aimed at helping you write an effective undergraduate economics term paper. The guide offers advice on selecting a paper topic, describes the structure of a typical economics term Starting to Write Your Essay. At the very beginning, you need to do the following: Determine and think over the line of questions that are involved in your topic. Make sure that you understand the topic perfectly. Collect the necessary reference materials that can support your point of Clarity is the rst priority in economics writing. Do not worry about being snappy if you are being clear. Journalistic writing is characterized by the lack of an analytical tone. Below, you will nd some notes about the economics style of writing. The desirable style of writing is exempli ed by most of the papers
A Comprehensive Guide To Writing A Macroeconomics Essay
We use cookies to enhance our website for you, how to write a macro economics paper. Proceed if you agree to this policy or learn more about it. Type of paper: Research Paper. Topic: GovernmentTaxesBankingPolicyMoneyhow to write a macro economics paper, EconomicsPoliticsWorkplace. Monetary policy is a strategy related to the flow of money in the economy and its value. It also shows the association between rate of interests in the economy and the total supply of money and exchange rates.
It is also a demand side policy which the government can use to accomplish its macroeconomic goals; that is, maintain economic growth, low rate of inflation, low unemployment and stability of payments equilibrium, how to write a macro economics paper. Moreover, monetary policy is known as accommodative, if the interest rate laid down by the central monetary power is planned to create economic growth; neutral, if it is planned neither to generate growth nor fight inflation; or tight if planned to decrease inflation.
Federal Reserve Bank how to write a macro economics paper San Francisco The central banks of any country Federal Reserve Fed in the case of U.
are responsible to set up the monetary policy in a way that is best for the economic growth of a country. The Fed modifies monetary policy to encourage highest sustainable expansion in output and unemployment and to keep inflation low and steady. To do so it lowers interest rates which result an increase of aggregate demand due to which more consumption of goods through credit, more investments by firms will take place, resulting in depreciation of exchange rates which leads to more exports and fewer imports as they become costly and resulting in an increase in jobs.
Hence more money comes into the economy and less money leaves so the economy grows. The chartered banks in this situation use additional balances and purchase government bonds and treasury bills being sold by the Fed. The increased demand of these assets increases the prices and the yield falls. If the banks wish to achieve the alternative they would do the reveres, that is transfer deposits from the chartered banks to the central banks.
Monetary policy can be contractionary, slowing the economy, or expansionary stimulating the economy. The required-reserve ratio is the how to write a macro economics paper of money the banks are supposed to keep in the banks and cannot lend it out.
The amount to be kept in reserve by the bank is set up by the government or Fed. So if the Fed wants to increase the money supply in the economy it will decrease the reserve ratio, hence allowing the bank to lend out more to the people. This becomes expansionary, as there is more money in the market and the spending increases. However, if the Fed increases the reserve ratio the reverse happens and the economy slows down as there is less money available in the market, so this becomes contractionary.
The discount rate is the third tool used by the Fed to stabilize the economy in the U. If the Fed increases the interest rates at which the chartered banks can borrow money from it, then the banks are less likely to take loans hence it slows down the economy. However, if the Fed decreases the interest rates then the banks are more likely to borrow money for circulating in the market and expanding the economy.
However the banks do not always go to the Fed, but rather go to other banks so as to save their privilege of borrowing at a better time and saving the banks from audit by the Fed as considered as mismanaged. Fiscal Policy. Fiscal Policy can be defined as revenue collected by the government through different sources; and the expenditure the government needs to make in order to bring economic growth in the country.
According to Keynes, it is important to get the economy out of recession hence it is very necessary for the government to have a well planned fiscal policy.
Fiscal policy is the change in government income and expenditure which influences the aggregate demand. This policy is made by the government with a goal of full employment, taxation, government spending, price stability, economic growth and development. The main objective of fiscal policy is the development of the country. Utilization of revenue must be targeted with a balanced expenditure. The government must have enough budgets to create employment opportunities to bring development in the country.
Controlling inequality in the rates of per capita income should be the responsibility of the government. The main purpose of the policy is to reduce inflation and to stimulate economic growth when there is recession and aim to stabilize developments in the country. The major tool to organize a well planned policy is fixing the rate of taxation. This is the main source of earning for the government.
Hence higher rate of taxation would adverse economic development whereas decreased rate would encourage purchasing. This will enhance income and investment. Therefore, the government needs to plan a progressive taxation policy. Another tool for making a fiscal policy is a balanced expenditure plan.
Priority should be given to which ever sector funding is necessary. Expenses can be increased or decreased as per requirement. If expenditure exceeds sources of income then the deficit how to write a macro economics paper be met by issuing currency notes by the Fed. This would bring inflation in the country, which would be a deficit financing policy. Fiscal Vs Monetary Policy to grow U. Economy The government should decrease aggregate demand by cutting down expenses and increase tax.
This will reduce spending bringing improvement in budget deficit. To dampen economic activity we ought to control inflation. How to write a macro economics paper this we could implement a surplus budget by implying increased taxation and a reduction in borrowing. A well balanced fiscal policy increases employment by cutting down taxes and increasing government expenses. This would increase aggregate demand and there could be chances of creating jobs. The use of monetary policy can help the economy stabilize as the Fed can reduce interest rates thus promoting more spending, investments and borrowing.
Moreover, the increase in exports and reduction in imports will bring economic growth and stability in the country. This would result in more circulation of money and reduce inflation and recession. The use of both these policies can how to write a macro economics paper in improving the economic conditions of the U. As fiscal policy can help to increase employment and monetary policy can help reduce inflation and increase the money circulation within the U.
Monetary Policy: An Introduction. Federal Reserve Bank of San Francisco. Wikipedia contributors. Wikipedia, The Free Encyclopedia, 16 Apr. Fiscal vs. Monetary Policy. S Department of State. Jones, Bryn. Bryn Jones Online. Rabbior, Gary. Monetary Policy: An Overview. Money and Monetary Policy in Canada. The Canadian Foundation for Economic Education. We accept sample papers from students via the submission form. If this essay belongs to you and you no longer want us to display it, you can put a claim on it and we will remove it.
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GET ACCESS NOW. Password recovery email has been sent to email email. HIRE WRITER PREMIUM DATABASE Sign in. HIRE WRITER PREMIUM DATABASE. Type of Paper. Essay Topics. Educational Tools. Who We Are Contact Us Our Writers Honor Code WowEssays Reviews Blog Our Services. ORDER PAPER LIKE THIS. Premium samples database Get access to over 1 MILLION samples with WowEssays Premium! LEARN MORE, how to write a macro economics paper. Monetary Policy Monetary policy is a strategy related to the flow of money in the economy and its value.
Fiscal Policy Fiscal Policy can be defined as revenue collected by the government through different sources; and the expenditure the government needs to make in order to bring economic growth in the country. Works Cited U. Economic Growth. Central Bank. Aggregate Demand. Financial Crisis. Cite this page Choose cite format: APA MLA Harvard Vancouver Chicago ASA IEEE AMA.
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A Concise Guide to Writing Economics Term Papers∗ Raechelle Mascarenhas and Jan Crouter Department of Economics Whitman College August This guide is aimed at helping you write an effective undergraduate economics term paper. The guide offers advice on selecting a paper topic, describes the structure of a typical economics term Jan 17, · How to Write an Economics Research Paper To write an economics research paper: 1 Go step by blogger.comalllargeprojects,aresearchpaperis much more manageable when broken down into smaller tasks. 2 The first step:Identifyaninteresting,specific,economic question. [Jan. 24 lecture] Clarity is the rst priority in economics writing. Do not worry about being snappy if you are being clear. Journalistic writing is characterized by the lack of an analytical tone. Below, you will nd some notes about the economics style of writing. The desirable style of writing is exempli ed by most of the papers
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