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Not everyone agrees what is best in economics. Some people are simply ignorant and do not know how real people make decisions and what the
Not everyone agrees what is best in economics. Some people are simply ignorant and do not know how real people make decisions and what the consequences of those decisions are. Other people, however, are not ignorant, yet they still disagree, because much in economics is not obviously one way or the other. This last paper requires you to use all that you have learned in the entire course and think like an economist. Think of an issue in which two people who are both knowledgeable about economics can disagree. Write an example of two economists who do or have in the past disagreed about this issue. Then write what you think about his issue. If you agree entirely with one side, then say so. If, however, you are not sure which is right because each side is reasonable, then say so. This short paper will be worth 7 points. In grading, the two most important considerations will be if the paper answers the question that is asked, and if all the information is correct. If the writing quality is poor, up to one point, but no more than one point, might be deducted. Referencing sources is always good, but since these papers should be short, I do not expect many references. In some cases, referring to the textbook and my lectures will be enough. Three pages, double- spaced, would be the ideal length. There will be no penalty if the paper is 2-pages long if it responds well to the topic. Three points will be deducted if the paper is less than two pages long. Please submit before midnight on Saturday
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