Structure of your assignment (2000 words)
There should be 5 areas (5 economic theories) in this assignment. You should write 400 words for each area. You must follow the structure below.
Area 1: Value added (Chapter 3)
This area would include the following 3 sections:
o 50 words– What questions is the theory ‘value added’ answering?
Explain what specific questions about the world the economic theory ‘ value added ’ is trying to answer. (In this section, the first thing you discuss is the nature of the questions being answered. What part of the real world was a puzzle that needed explaining? This is what you must be very clear about. This is a very important part of the assignment where a lot of marks are to be earned. )
o 200 words – Briefly outline how the economic theory ‘value added ’, as found in the course text, answers these questions. (In this section, you must briefly explain how the theory you find in your textbook is used to answer the question).
o 150 words – Summarize a recent news article in terms of the relevant theory. You provide a brief discussion of the news item to explain how it illustrates the theory ‘value added ’ you have discussed. (In this section, you must find one recent news item that deal with this topic ‘value added ’. Explain how the economic theory ‘value added ’ found in this course helps you make sense of the story you have selected.)
Note:
1) There is then a copy of the article you have been discussing.
2) You must choose something that has occurred since the beginning of the year, that is, each of the news stories must have occurred since January 1, 2015.
Area 2: Marginal analysis (Chapter 8)
(As same as the structure of area1)
o 50 words–
o 200 words –
o 150 words –
Area 3: The circular flow of income (Chapter12)
(As same as the structure of area 1)
o 50 words–
o 200 words –
o 150 words –
Area 4: Entrepreneurial error and the classical theory of the cycle (Chapter 14)
(As same as the structure of area 1)
o 50 words–
o 200 words –
o 150 words –
Area 5: The role of saving (Chapters 5 and 16)
(As same as the structure of area 1)
o 50 words–
o 200 words –
o 150 words –
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