1) The essay should be about 2 pages font size 12. A minimum of 2 pages is required.
Do not put unnecessary information and also do not write the essay like a short answer type question.
The essay should include an introduction with theoretical background, the body paragraphs (maximum 2 body paragraphs) and a conclusion followed by a reference list.2) The essay should be in your own words. Plagiarism is strictly prohibited. Anyone copying and pasting materials from the internet will get a grade of zero.
3) If you want to answer using graphs please use the website
www.tradingeconomics.com
https://fred.stlouisfed.org/
https://www.kansascityfed.org/research
4) There will be more than 1 submission attempts. I will leave my comments after your initial submission so that you have the choice to go and re-do if needed.
5) You will be graded based on the rubrics provided.
6) Choose ONE of the following topics.
ESSAY TOPICS
1) “Is GDP the true measure of well- being?” Here you can either use the US economy or any other economy of your choice and also use a couple of pre – packaged graphs from
www.tradingeconomics.com
Address in your essay the relation between annual growth rate of GDP and unemployment rate.
Reference: Look at pages 155,156 and 157 of
https://openstax.org/details/books/principles-macroeconomics-2e
2) Is a strong dollar better than a week dollar. Write using the concepts you learned from Chapter 16 on Exchange rates.
Reference: Look at pages 388 and top of page 389 of
https://openstax.org/details/books/principles-macroeconomics-2e
3) Convergence and Divergence of Rich and Poor Nations. Use the Chapter on Economic Growth to write this essay.
Are there persistent gaps in the growth rate of real GDP per capita or are the economies converging?
Explain the experience of the Asian countries as for example Hong Kong, Taiwan,China and compare their growth rate with the USA. On the other hand compare the experience of the Eastern European and African countries.
Reference: Look at pages 178 to 183 of
https://openstax.org/details/books/principles-macroeconomics-2e
