Essay on "Economics - Macroeconomics Economics Various Economists"

Quoted Instructions for "Economics - Macroeconomics Economics Various Economists" Assignment:

As Federal and state government attempt to address the dual issues of a economic recession and growing budget deficits, what will be the impact upon the American economy? In reaction to the current economic situtation, should we attempt to sustain, or even increase, the current level of government involvement in the economy through increased tax increases, or should we move towards a reduced governmental role by lowering taxes and/or cutting some government programs. If cuts are made, what government programs might have to be sacrificed? For an exact, up to the minute accounting of the Federal Debt, Click Here. Please use the following articles to enhance your understanding of the topic (Government: Recession and Budget Deficits). Simply click on the PDF Version link to download a copy of the article. To view the PDF files below, you will need Adobe Reader. If you don't have this program, you can obtain a free copy by going to, http://www.adobe.com/products/acrobat/readstep2.html.

Thomas Eddlem

Obama Needs to Learn "Opportunity Cost"

PDF Text Version

Gary Dorrien

Is the Economic Crisis a Sin?

PDF Text Version

Mark DuMond

Defining "socialism" in the health care reform debate

PDF Text Version

Barack Obama

Remarks on Financial Regulation

PDF Text Version

Nelson Schwartz

France, Unlike U.S., Is Deep Into Stimulus Projects

PDF Text Version

The three assigned concepts are the following:

1.Opportunity Cost ,

2.Capitalism versus Socialism ,

3.and the Invisible Hand Principle .

The key to the essay assignment is to demonstrate your knowledge of the three assigned concepts. Essays answers should be clearly organized, succinct, informative, coherent, and thoroughly based upon an analysis of the assigned concepts. Always keep in mind that the key to the assignment is to demonstrate your mastery of the assigned concepts, the topic question(s) are included only to place your analysis of the assigned concepts into context. Don't become overly concerned with the topic to the detriment of a detailed discussion of the assigned concepts. Also, you must remember that the assignment is not a research paper, it is an essay. I strongly suggest you keep the textbook closed when you write. With the textbook open, it will be very difficult to write an answer in your own words. Finally, DO NOT use material directly from websites, again I want to emphasize that the assignment is an essay, not a research paper; I am interested in your demonstration of a mastery of the assigned concepts, not any research you might conduct. Essays answers should be approximately two single-spaced pages in length -- about a 1000 words. Below is the format your essay answer should follow:

Assignment Format (5 sections)

◦Section 1

■a brief introductory paragraph (in this paragraph be sure to include a statement of purpose for your essay - what are you going to do and how are you going to do it.

◦Sections 2 through 4

■a one to two paragraph section for each of the 3 assigned concepts you are addressing in your answer.

■with each of your three assigned concept sections begin by first fully defining and explaining the assigned concept in your own words, only then move to apply the assigned concept in the context of the topic question(s)

◦Section 5

■a concluding paragraph.