EC-141 2020 Spring 1 Term Research Paper – Book Review (70 points)
TOPIC: Compare and Contrast a book written regarding concepts outlined in our class.
For example, This can be a current events book or one that outlines theoretical approaches to macroeconomic theory. Your research should include an analysis of the approach(es) taken by the author; comparison of their methodology and your interpretation of the potential for success or failure. Ask yourself the question, “have these (these) theoretical approaches made the economy better, worse or the same as we are now?”
To accurately interpret this, you’ll need to do some research and analysis regarding the United States (or sector described in your chosen book) economy as it exists today.
Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and the Government Bailout Will Make Things Worse by Thomas E. Woods Jr., Ron Paul The Market System and the Circular Flow includes an improved discussion of the circular flow model, additional coverage of property rights, and updated global data Demand, Supply, and Market Equilibrium begins with a revised introduction to supply and demand and contains additional clarifications of key concepts GDP and Economic Growth includes a revised discussion of GDP accounting and updated coverage of productivity changes Business Cycles, Unemployment, and Inflation contains a new introduction, an improved discussion of business cycles and their causes, and detailed coverage of current unemployment rates and inflation throughout the world.
Aggregate Demand and Aggregate Supply features detailed discussion, application, and analysis of the recession of 2007–2009. Fiscal Policy, Deficits, and Debt includes important updates related to the recession, the subsequent policy response, and the debt debate.