Also, it is crucial to strengthen it by mentioning the practical value of your findings, economics essay writing. Academic Essay Writing, Some Guidelines: Department of Economics, Carleton University. Labor economics: child labor. The main business activity of this cookie is targeting and advertising. How can statistics help to develop an effective financing plan? Or maybe you are unsure about your economics essay writing skills?
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Therefore, good essay writing skills are essential for obtaining a good grade in the examination. Step 1: Read the question carefully. Step 2: For a two-part question, look at the mark that each part carries as it indicates the length of the answer expected. Further, consider part b before attempting part a to prevent any overlap between the answers. Step 3: Pay particular attention to key words as they indicate the content areas on which you are required to focus. Step 4: Pay particular attention to command words as they indicate what you are asked to do. Step 5: Make a note of the relevant economic theories and concepts that come to your mind without paying attention to their degree of relevance. Step 6: Prioritise the economics essay writing economic theories and concepts in accordance with their degree of relevance, economics essay writing.
Step 7: Economics essay writing the list of relevant economic theories and concepts is too long, consider ways to merge them. Otherwise, what you did in Step 6 should help you decide which of them to apply and which of them to ignore. Step 8: Organise the relevant economic theories and concepts that you have decided to apply in such a way that there is a structure to the answer. The answer should comprise an introduction, body and conclusion. It should be about four pages in length, excluding the diagrams which you are required to draw to substantiate economics essay writing points. Consider the following question: Discuss whether the growth of the Chinese economy would be detrimental to the Singapore economy.
The introduction should define the economic terms in the question, economics essay writing. It should also give an overview of the approach in a clear and concise manner. For structured questions, however, an overview of the approach may not be necessary. You should not form a judgment in the introduction. In other words, you should not use the conclusion as the introduction. Economic growth refers to an increase in real economics essay writing output, economics essay writing. The effects of the growth of the Chinese economy on the Singapore economy can be discussed in terms of the effects on the balance of payments, national output and hence national income, unemployment, inflation and income equity.
The body should contain the thrust of the answer, usually comprising a few paragraphs, economics essay writing each paragraph containing only one main idea. The main idea in each paragraph should be succinctly conveyed in the topic sentence, with the rest of the paragraph elaborating the topic sentence by giving details, examples, facts and statistics. The topic sentence is usually, but not always, the first sentence in the paragraph. Sometimes, the topic sentence can be the only sentence in the paragraph if it is self-explanatory. The growth of the Chinese economy may lead to a deterioration in the balance of payments of Singapore. The balance of payments is a record of all the transactions between the residents of the economy and the rest of the world over a period of time and is made up of the current account and the capital and financial account.
The production of low value-added goods such as disk drives requires low-skilled labour. Due to its larger amount of low-skilled labour, China has a comparative advantage over Singapore in producing low value-added goods. When the Chinese economy grows, the supply of the low value-added goods produced economics essay writing China will increase which will lead to a fall in the prices. When this happens, the demand for the low value-added goods produced in Singapore will fall as people switch to the low value-added goods produced in China. When these happen, the current account and hence the balance of payments of Singapore will deteriorate. When the Chinese economy grows, economics essay writing, households will become affluent which will lead to a larger consumer market, economics essay writing.
Therefore, the growth of the Chinese economy will attract foreign direct investments away from Singapore. For example, the growth of foreign direct investment in Singapore has generally decreased over the last two decades partly due to the growth of the Chinese economy. Furthermore, due to the same reason, economics essay writing, firms in Singapore will increase investments in China. When these happen, economics essay writing, the capital and financial account and hence the balance of payments of Singapore will deteriorate. For part economics essay writing questions, the conclusion can be a summary or a recommendation, which is more for aesthetic purpose.
For full-length and part b questions, economics essay writing, the conclusion should be an evaluation, which carries 5 out of the total 25 marks. In the final economics essay writing, the benefits of the growth of economics essay writing Chinese economy to the Singapore economy are likely to economics essay writing the costs. Therefore, economic growth in China is likely to lead to a larger increase in exports of high value-added goods than the decrease in exports of low value-added goods in Singapore which will lead to an increase in aggregate demand resulting in an increase in national output and hence national economics essay writing. This is particularly true in view of the fact that Singapore is continually moving up the value-added chain.
Indeed, the exports of Singapore have been increasing over the last few decades when China has been experiencing rapid economic growth. Furthermore, Singapore is a small economy that is highly dependent on external demand with the domestic exports accounting for a large proportion of the aggregate demand. Therefore, the increase in exports is likely to lead to a substantial increase in aggregate demand resulting in a substantial increase in national output and hence national income. In addition, as Singapore imports a large amount of intermediate goods due to lack of factor endowments, the increase in imports of cheaper intermediate goods from China is also likely to be very beneficial to the Singapore economy as the cost of production in the economy is likely to fall substantially.
As you need about 35 to 40 minutes to write the answer, you have only about 5 to 10 minutes to plan the answer, economics essay writing. What is required of you is to show evidence that you have understood the question and that you have the ability to apply relevant economic theories and concepts to answer the question in a coherent manner that demonstrates the five core thinking skills: knowledge, comprehension, application, analysis and synthesis, and evaluation. Knowledge and comprehension are often considered the lower-order thinking skills. Application, analysis and synthesis, and evaluation are often considered the higher-order thinking skills. When you are writing the answer to an essay question, you are encouraged to use diagrams that are correctly labelled to illustrate understanding of the relevant economic concepts.
However, you need to take note that diagrams that are incorrectly explained or incorrectly labelled may do more harm than good. In contrast, diagrams which are correctly explained and correctly labelled illustrate understanding of the relevant economic concepts and substantiate your explanations and therefore will be awarded accordingly. You should not write everything that you know about a given content area. In other words, you should answer the essay question directly, economics essay writing, with the help of the key words and the command words, taking into consideration the marks allocated.
Indirect answers and irrelevant answers will gain no marks. You should refer back to the essay question occasionally to stay focussed on what is required of you to do. This is to avoid writing off the point. Legible handwriting is crucial to obtaining a good grade in the subject, economics essay writing. Although you will not get bonus marks for legible handwriting, you will not get any marks with illegible handwriting. Essay writing skills will be discussed in greater detail in economics tuition by the Principal Economics Tutor. Economics Tuition Economics Cafe Principal Economics Tutor: Mr.
Edmund Quek. The 8-Step Approach Step 1: Read the question carefully. Introduction The introduction should define the economic terms in the question. Example Economic growth refers to an increase in real national output. Body The body should contain the thrust of the answer, economics essay writing, usually comprising a few paragraphs, with each paragraph containing only one main idea. Example A Paragraph of the Body The growth of the Chinese economy may lead to a deterioration in the balance of payments of Singapore. Conclusion For part a questions, the conclusion can be a summary or a recommendation, which is more for aesthetic purpose. Example In the final analysis, the benefits economics essay writing the growth of the Chinese economy to the Singapore economy are likely to outweigh the costs.
Good grammar will enhance the quality of the answer.
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Stagflation is a phenomenon whereby an economy experiences low economic growth and high inflation rates. This occurs when aggregate demand decreases and reduces economic growth during a period of recession. As inflation is caused mainly by increases in the money supply, stagflation occurs when prices increase even though there is a decrease in the money supply output. Supply-side inflation occurs when there is an increase in the costs of production. This happens when workers demand higher wages or an increase in the price of raw materials, like oil. Rational expectations are where economic agents behave to make the best use of their information. This suggests that economic agents will look for all available information to try and find the correct expectations. The money illusion is when people fail to distinguish between actual and nominal values.
This occurs when people do not consider the purchasing power of money when making a decision; instead, they assume that changes in nominal values reflect actual or absolute values. In this equation, if there is an increase in the money supply but no actual production increase, there will be inflation. Increasing the money supply does not increase the price level in isolation. If Y does not change, M must have increased, and P will reflect that. Microeconomics is a field of economics that studies the behavior of individuals, households, and firms in making decisions on how to allocate limited resources. It can help us understand how people behave when faced with different economic scenarios. Microeconomics is an integral part of many other fields such as finance, business, and marketing.
One of the essential concepts in microeconomics is supply and demand. This concept helps us understand how prices are determined in a market. It can also help us predict price changes based on changes in supply or demand. For example, if there is an increase in the demand for a product, the price of that product is likely to increase. Also, the study of microeconomics can help us understand how people behave when faced with different economic scenarios. For example, if there is an increase in unemployment rates, consumers may expect to decrease their spending on luxury items and save more money to ensure they have enough for future costs such as medical bills or education expenses. Lastly, microeconomics can help us understand how businesses make decisions regarding pricing, production, and investment.
For example, a company may decide to increase the price of their product if they feel that they can still make a profit after the change. Additionally, a business might choose to produce a new product if they believe that there is a market for it and that they can profit from it. One example would be looking at how market forces affect health care prices. Another could involve government intervention. One of the most critical aspects of healthcare economics is understanding how health care is funded. There are a few different ways this can happen, but the three most common methods are government funding, private insurance, and out-of-pocket payments. Each of these has its advantages and disadvantages. Out-of-pocket payments are usually the cheapest option, but they burden patients to pay for their care.
Another common topic in healthcare economics is how market forces affect healthcare prices. This can be a complex issue since the healthcare market is different from most other markets. This means that providers can charge more without losing patients. A third popular topic in healthcare economics is government intervention. This can take many different forms, such as regulating prices or providing healthcare programs funding. One of the most controversial aspects of government intervention is deciding how much control the government should have over the health care system.
Finally, here are some ideas for new research in healthcare economics. These are just suggestions, so feel free to come up with your topics too. Just ask our team to "write my essay" and then sit back and relax. We'll get it done. Your Peachy Essay purchase is secure and we're rated 4. All work is written to order. No plagiarism, guaranteed! We're here to answer any questions you have about our services. Peachy Essay, registered as PEACHY ESSAY LLC 30 N Gould St Ste Sheridan, WY US: a professional writing service that provides original papers. Our products include academic papers of varying complexity and other personalized services, along with research materials for assistance purposes only. All the materials from our website should be used with proper references.
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Allowing us to help you, gives you breathing room to do the studying you need to do and to meet your other obligations. Wonderful work. Tell the world about your experience with economics essays, write your review to help others learn about UKWritings. Our service is rated 5 based on votes. Well, we have good news for you. If you need an economics essay or research paper, we have a professional writer available to work on your assignment for you. Every writer we hire has earned an advanced degree and has established subject matter expertise and thought leadership within the field of economics. If you are an economics student, you will have to complete a variety of economics writing assignments.
These will certainly include essays and research papers, but there will undoubtedly be more. You may be asked to write economics articles for publication in academic journals. Other economics writing assignments might include the following:. We know it can be difficult to determine whether or not you can trust a writing service. After all, there is a lot at stake. Your grade on a particular assignment, your reputation, even your pocketbook are all on the line. Banks over the years have proven to be an essential asset to the economy of a country. The essay seeks to explore all why we need banks, what they provide and what we seek to lose if the banks were not there.
Banks are a source of employment and extra resources. They also are an investment tool to bring economic growth. Banks are a part of a social and economic institution that shapes our society. The essay will shed light on the importance of banks and disadvantages if there any. Banks serve as sources of employment and bring in the development of infrastructure and other capital material in society. Through savings, banks tend to invest and also offer loans to governments. The loans are used to sustain the state and help. Finally, banks are important institutions as they are tools of development. They provide jobs for many directly and indirectly. They foster entrepreneurship and encourage self-employment. Conclusion of economics essay sums up what has been discussed.
Transition words are essential as they show you have completed your essay. Your main ideas should help in stating your case to ensure your audience has got the message. Coming up with an essay choice is difficult. Having the right source is what separates the grain from the chaff. The sources should also have economics essay writing steps to guide you in the process mostly. Your choice of source is preferential. The sources depend on how accessible they are, how affordable and how easy they are to interpret. Below is a list of where to obtain your sources;.
Once done with the economics essay draft, you should go through the essay to make the necessary revisions. This is done by proofreading and making the necessary changes. In the bibliography, you have to make citations of where you got your content. Finally, choose a topic you enjoy writing and avoid plagiarism. Essay Kitchen. Sign in. Sign In. Search for:. Get Custom Essay from:. Order now. How To Write An Essay on Economics An economics essay is a topical essay focusing on the field of economics. Article structure Preparation List of possible topics The structure Outline sample Introduction Thesis Body Conclusion Sources Finalizing Preparation of writing When embarking on economic essay writing , the following should be adhered to.
The following are examples of some of the topics for an economic essay you could explore: How does economics affect the rate of unemployment? Does education stand a chance on improving the economy? How does economic competition, improve the quality of goods and services? Difference between macro and micro economics Decisions are best made on marginal analysis How do demand and supply affect the economic scale? Healthcare and the Role of Prices How does the market force contribute to good outcomes Agricultural role in the economy of a country Effects of the stock market on inflation Players of inflation Effects of government policies on the GDP Contribution of culture on economic stagnation How exports and imports contribute to inflation How politics play a major role in economics Is poverty inevitable?
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