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Macroeconomics
Employment/Unemployment Output/GDP/Growth Prices/Inflation/Interest Rates Exports/Imports/Current Account Fiscal Policy/Deficits Monetary Policy
Microeconomics Firms/Industries Consumers/Producers Prices/Costs Output/Wages Capital/Labor/Land Supply/Demand Public Goods/Income Distribution Utility/Profit
Prices & Output
How are output decisions made? What determines price? What is a market? What is an industry? Why are some industries more
competitive than others?
Examples
All examples from The Nation, Wednesday, July 13, 2005.
Economists Forecast Lower Growth
Due to increases in oil prices, economists lower expectations of GDP growth to 4.3% over the next year…
Pay hike to hit CPI
Increasing officials’ salaries could for the consumer price index to creep says the Commerce Ministry.
Cabinet Approves Measures
The Cabinet endorsed three energy saving measures designed to lop Bt6.8 billion a year of the nation’s energy bill.
Second-hand auto dealers feel the pinch
Used-car dealers have seen few buyers in the past two months because of the surge in oil prices, forcing some operators out of business.
More cases for quotas on textiles
US manufacturers petitioned the Bush administration to impose quotas on additional imports of textiles and clothing.
Paper
What is your paper about? How does your paper relate to
microeconomics? What previous studies do you know
of that have discussed your topic? Why is your paper (or topic)
interesting or important?
Cover PageWhy are fast food outlets close to each and
grocery stores are not?
Richard FowlesJuly, 2007
Spatial location is an important part of marketing for fast food outlets. Consumers choosing where to eat often discover a large variety of food outlets within a relatively short distance. Yet grocery stores are generally not geographically proximate to each other. This paper explores some of the reasons to account for these differences using a simple model of supply and demand….
Question A good way to begin a paper is to
ask a question. A thesis or dissertation should
answer the question. A term paper for this class does
not need to provide an answer, but should cover ways that future research could answer the question.
Introduction
What is your question? Why is answering your question
important?
Literature Review
With your question in mind, use the Internet (or library) to assemble a list of published work that relates to your question.
If your question is new, then you might not find a lot of published work to draw upon.
Literature Review
If your question is new then use the literature review to discuss how similar questions have been addressed.
You might use: http://scholar.google.com http://nber.org
Body
In the body of your paper you should try to answer your question.
The answer could be Narrative Analytical
Graphical Mathematical Quantitative
Body
Your paper is a focused answer to a question.
But what if you cannot answer the question? What information would you need in
order to answer the question?
Conclusion
This is the easiest part of a paper. Review your question. Review your answer.
Abstract
After you have completed your paper you write the abstract.
The abstract is a one or two paragraph summary of your paper which presents your hypothesis, your analysis, and your conclusion.
References
This is the last part of your paper. Often editors of journals read the
list of references before reading the article.
Only reference previous work that you cite in your paper.
