sample essay about economics

Economics Essay Examples

Ace Your Essay With Our Economics Essay Examples

Published on: Jun 6, 2023

Last updated on: Jan 31, 2024

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Are you struggling to understand economics essays and how to write your own?

It can be challenging to grasp the complexities of economic concepts without practical examples.

But don’t worry! 

We’ve got the solution you've been looking for. Explore quality examples that bridge the gap between theory and real-world applications. In addition, get insightful tips for writing economics essays.

So, if you're a student aiming for academic success, this blog is your go-to resource for mastering economics essays.

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What is an Economics Essay?

An economics essay is a written piece that explores economic theories, concepts, and their real-world applications. It involves analyzing economic issues, presenting arguments, and providing evidence to support ideas. 

The goal of an economics essay is to demonstrate an understanding of economic principles and the ability to critically evaluate economic topics.

Why Write an Economics Essay?

Writing an economics essay serves multiple purposes:

• Demonstrate Understanding: Showcasing your comprehension of economic concepts and their practical applications.
• Develop Critical Thinking: Cultivating analytical skills to evaluate economic issues from different perspectives.
• Apply Theory to Real-World Contexts: Bridging the gap between economic theory and real-life scenarios.
• Enhance Research and Analysis Skills: Improving abilities to gather and interpret economic data.
• Prepare for Academic and Professional Pursuits: Building a foundation for success in future economics-related endeavors.

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If you’re wondering, ‘how do I write an economics essay?’, consulting an example essay might be a good option for you. Here are some economics essay examples:

Short Essay About Economics

A Level Economics Essay Examples

Here is an essay on economics a level structure:

Band 6 Economics Essay Examples

Here are some downloadable economics essays:

Economics essay pdf

Economics essay introduction

Economics Extended Essay Examples

In an economics extended essay, students have the opportunity to delve into a specific economic topic of interest. They are required to conduct an in-depth analysis of this topic and compile a lengthy essay. 

Here are some potential economics extended essay question examples:

• How does foreign direct investment impact economic growth in developing countries?
• What are the factors influencing consumer behavior and their effects on market demand for sustainable products?
• To what extent does government intervention in the form of minimum wage policies affect employment levels and income inequality?
• What are the economic consequences of implementing a carbon tax to combat climate change?
• How does globalization influence income distribution and the wage gap in developed economies?

IB Economics Extended Essay Examples 

IB Economics Extended Essay Examples

Economics Extended Essay Topic Examples

Extended Essay Research Question Examples Economics

Tips for Writing an Economics Essay

Writing an economics essay requires specific expertise and skills. So, it's important to have some tips up your sleeve to make sure your essay is of high quality:

• Start with a Clear Thesis Statement: It defines your essay's focus and argument. This statement should be concise, to the point, and present the crux of your essay.
• Conduct Research and Gather Data: Collect facts and figures from reliable sources such as academic journals, government reports, and reputable news outlets. Use this data to support your arguments and analysis and compile a literature review.
• Use Economic Theories and Models: These help you to support your arguments and provide a framework for your analysis. Make sure to clearly explain these theories and models so that the reader can follow your reasoning.
• Analyze the Micro and Macro Aspects: Consider all angles of the topic. This means examining how the issue affects individuals, businesses, and the economy as a whole.
• Use Real-World Examples: Practical examples and case studies help to illustrate your points. This can make your arguments more relatable and understandable.
• Consider the Policy Implications: Take into account the impacts of your analysis. What are the potential solutions to the problem you're examining? How might different policies affect the outcomes you're discussing?
• Use Graphs and Charts: These help to illustrate your data and analysis. These visual aids can help make your arguments more compelling and easier to understand.
• Proofread and Edit: Make sure to proofread your essay carefully for grammar and spelling errors. In economics, precision and accuracy are essential, so errors can undermine the credibility of your analysis.

These tips can help make your essay writing journey a breeze. Tailor them to your topic to make sure you end with a well-researched and accurate economics essay.

To wrap it up , writing an economics essay requires a combination of solid research, analytical thinking, and effective communication. 

You can craft a compelling piece of work by taking our examples as a guide and following the tips.

However, if you are still questioning "how do I write an economics essay?", it's time to get professional help from the best essay writing service -  CollegeEssay.org.

Our economics essay writing service is always ready to help students like you. Our experienced economics essay writers are dedicated to delivering high-quality, custom-written essays that are 100% plagiarism free.

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Economics - Essay Examples And Topic Ideas For Free

Economics is the social science that studies the production, distribution, and consumption of goods and services. An essay could explore economic theories, discuss contemporary economic challenges like inflation or unemployment, or analyze the impact of economic policies on societal wellbeing and global interactions. We have collected a large number of free essay examples about Economics you can find at PapersOwl Website. You can use our samples for inspiration to write your own essay, research paper, or just to explore a new topic for yourself.

Apple in Microeconomics

As inter-specific competition increases between companies, especially in the same product line, there is need to come up with better and innovative ways to market their brand. These product enhancement techniques need to meet the current consumer demands and tastes and preferences. However, there are other factors like quality, quantity, and price that also affect how consumers view an individual product and its purchasing power. Proper market intelligence is very crucial to an enterprise especially in the early development stages […]

Economics of Globalization

Tata Motors Limited located in India and in different countries all over the world. where economic growth has started for decades. Still, there are some challenges that can affect the growth rate in all respect. Like GDP; growth; business cycle; inflation; unemployment; political stability; trade balance. Real GDP or Gross Domestic Product (GDP) at constant (2011-12) prices in the year 2016-17 is likely to attain a level of 121.65 lakh crore INR, with a growth rate of 7.1 percent over […]

Unemployment as a Social Issue

Introduction. Unemployment is real issue in the modern society and has devastating impact on people's lives. The effects are not limited to the unemployed individual but also family members and the wider community. As unemployment is time bound, with the duration of unemployment have far reaching effects even affecting the living standards in retirement 2. The loss of an income by a parent can potentially damage the prospects of the next generation. In additional to the personal impact, unemployment is […]

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Unemployment Within the Economics

Most of the socio-economic studies indicated that unemployment within the economics of crime studies is positively related to crime. Committing crime without failing while unemployed has a higher reward (Burdett et al, 2004). Unemployment shows lack of opportunity for participation in the labour market and the acquisition of legitimate earnings (Freeman, 1999). The exclusion from legitimate income opportunities raises the expected returns from crime, the economics of crime theories have confirmed. Although, most of the empirical studies show a positive […]

Fact Vs. Opinion: the Positive-Normative Divide in Economics

Ever been in a debate where someone drops a stat, and someone else counters with what should be done? Welcome to the world of economics, where this kind of back-and-forth isn't just common; it's the crux of understanding two key concepts: positive and normative economics. Picture them as two sides of a coin – one’s about hard facts, and the other’s about what we feel ought to be the case. First up, positive economics. This is the nitty-gritty, the down-to-earth […]

How Competitive Forces Shape Strategy

Introduction Porter How Competitive Forces Shape Strategy was introduced in the year 1979. In this article, Porter talks about five forces that affect the performance of a company in the market. These forces include firstly the threat of entrance which talks about how new industries try to enter the market. Porter continues by arguing that strategy can be perceived as creating defenses in opposition to competitive forces or even finding a spot in an industry where there is a weaker […]

Economics Symbolism: a Harmonious Ballet of Services in the Economic Arena

In the intricate tapestry of economic choreography, services emerge as the unsung maestros, conducting nations forward and acting as the stealthy architects of prosperity. This essay delves into the pivotal role played by service industries in fostering economic growth, spotlighting their significance as the unseen engines of innovation, employment, and overall economic vitality. At the core of a flourishing economy lies the dynamic realm of services. While the limelight often gravitates towards manufacturing and agriculture, services discreetly hold a central […]

Zimbabwe’s Economics Turmoil: Navigating the Perils of Hyperinflation

Zimbabwe's history is marked by economic upheavals, with one of the most striking chapters being the era of hyperinflation, a period that shook the nation to its core and left an indelible mark on its economic landscape. In the early 2000s, Zimbabwe experienced a cataclysmic economic downturn characterized by hyperinflation—a staggering surge in prices that eroded the value of the country's currency at an exponential rate. The hyperinflationary spiral was catalyzed by a complex interplay of factors, including fiscal mismanagement, […]

What are Private Property Rights?

Property and prosperity rights are inseparably linked. The significance of having strongly protected and clearly defined property rights is currently widely recognized among policymakers and economists. A private property right provides people the exclusive right to utilize their resources as they see appropriate (Calandrillo, et al., 2015). That power over what belongs to them leads property users to be responsible of all the costs and benefits of employing those assets in a certain way. The process of weighing between benefits […]

Deciphering the Circular Flow Model in Economics

In the discipline of economics, the Circular Flow Model is a cornerstone that offers a basic comprehension of the inner workings of the economy. This model illustrates the movement of commodities, services, and monetary transactions while simplifying the many relationships inside an economy into a system that is simple to comprehend. The goal of the article is to explore the complexities of this model by looking at its composition, the functions of its main actors, and its wider applications in […]

Youth Unemployment

Exploring factors hindering the implementation of youth development package in addressing youth unemployment:) CHAPTER ONE 1. Introduction 1.1. Background of the study The reason for investing in young people is clear. Today, 1.2 billion adolescents stand at the challenging crossroads between childhood and the adult world (UNICEF, 2011). Youths represent 25 per cent of the working age population and account for 47 per cent (88 million) of the world’s unemployed people. An estimated 515 million young people, nearly 45 per […]

Unemployment Analysis

The U.S. Government considers a person unemployed if they are at least 16 years of age, willing and able to work, and who are actively seeking employment, but have not found a job. To be considered unemployed, someone does not have to lose a job. The unemployment rate also includes people who are returning to work, for instance, a stay at home parent returning to work. A person entering the job market for the first time, like a recently graduated […]

What are Taxes?

What are taxes, and why do people have to pay? Taxes are financial charges from our government in order to pay for our public needs, and in 2016 the government collected 3.9 trillion dollars in taxes to spend. There are many different types of taxes like income tax, federal income tax, sales tax, property tax, estate tax, and more. Twenty percent of households pay around seventy percent, and the top one percent has to pay a quarter of taxes. The […]

View of Students about Unemployment

This study considers the effectiveness of public and private sector SME-development programs and the current development of SMEs in AJK. The study presents several major findings and includes a brief review of international literature. To examine the status of small and medium-sized enterprises and their developmental strategies, a questionnaire survey was conducted among owners and top managers. A Chi-square test was used to analyze the information. The results reveal that SMEs face numerous challenges, including burdensome business rules and regulations, […]

How does the Unemployment Rate Effect the Economy?

The rate of unemployment is more than a percentage of unemployed people, it is used as key a macroeconomic indicator when determining the health of an economy. The unemployment rate is found by taking the labor force and dividing it by the number of people who are currently searching for a job, also know as the number of unemployed people. The unemployment rate is composed from three types of unemployment: frictional, cyclical, and structural. This could create a potentially serious […]

Rule of Law and Political Stability in Nigeria’s Governance and Economic Policy

Institutional qualities are the major determinant of good governance within every aspiring country. Factors such as voice and accountability, regulatory control, control of corruption, government effectiveness, rule of law, and political stability come into play. This study will focus on the rule of law and political stability as proxies for good governance. Good governance of a nation pertains to the management of the public sectors of the economy in terms of accountability, efficiency, and effectiveness, along with the free flow […]

Unemployment in the Country

An adage says "an idle hand is a devil's workshop". The enormous growth of unemployment in our society today calls for alarm, and it is expedient for all nations to figure out what leads to this great dilemma. Unemployment has messed up our society because of three major factors, such as increase in population, lack of encouragement for self-employment, and change in technology. One of the major causes of unemployment is increase in population. Increase in population is an event […]

Income Inequality and Economic Growth in Pakistan

In time series data, which indicates that increasing income inequality is likely to spur higher levels of GDP, certain examples become apparent. For instance, Shahbaz (2010) employed a time series data on Pakistan for the period 1971-2005, using the ARDL bound test approach, to determine the relationship between income inequality and economic growth in Pakistan. The results show that income inequality is positively and significantly related in both long-run and short-run with economic growth in Pakistan. Gelan and Price (2003) […]

Main Issues of American Taxes

Taxes are something every American has to do in their life. It's a responsibility that every American file their taxes. A lot may not agree with the idea of taxes up, so they don't pay them. Should I pay them? Is a popular tax question and, should taxes be the same for everyone? My goal in this paper is to see both sides of the two questions and figure the reason behind them and get a further understanding of taxes. […]

Examining GDP and Unemployment

Research over the years has shown that unemployment rates and Gross Domestic Product (GDP) figures go hand in hand. This paper aims to define and discuss GDP, and its relation to economic growth. Additionally, the paper will discuss how the use of fiscal or monetary policies can effectively battle recession and aid in the growth of the economy, and how losing a battle to a recession can severely impact unemployment and the unemployment rate, along with other factors leading to […]

Unemployment in the U.S

As indicated by the Bureau of Labor Statistics, the rate of unemployment in the United States has increased at an alarming rate. Approximately six million people in the United States are unemployed, according to deptofnumber.com. This has negatively affected the nation's economy. The statistics reveal the unemployment rates for various groups of people in the country. The rate of unemployment among men was at 7.0 percent, and approximately 6.4 percent among women. The increase in the rate of employment among […]

The Problems on Income Inequality

In this part, we continue to briefly summarize our empirical analyses based on the ARDL model techniques adopted. The findings of this study are summarized below. Firstly, the objectives of the study were analyzed using cointegration analysis tests and the ARDL bound test on the national level data, covering the period of 2004-2016. The first step taken in the cointegration test involved carrying out a unit root test for each variable and determining their order of integration. The results indicated […]

GDP and Unemployment

The gross domestic product (GDP) is the measure of goods and services produced in a country during a year (Boone 2016). When GDP is increasing, the economy is in expansion mode. When GDP is decreasing, the economy is in a recession. Economic growth occurs when the GDP increases over time. When economists use the term "economic growth," they are normally referring to sustained increases that occur over a substantial time period, rather than the quarterly changes often discussed in the […]

Unemployment in Society

When workers become involuntarily unemployed, there are several costs associated which they will unquestionably have to bear. These could come from the fact that there are certain firm-specific skills that an individual has, thus leading to scarce opportunities for individuals searching for jobs matching their specific skills (Lazear, 2003). Moreover, the costs could be associated with the model proposed by Harris and Holmstrom (1982), in which they stated that the workers have to be assumed to be risk averse and […]

An Issue of Tobacco Taxes

Tobacco tax increases could drive youth smoking into near-nonexistence if done correctly. Sin taxes are a series of taxes aimed at products deemed not beneficial or otherwise destructive ("Sin Taxes" par. 1). Taxes aimed at tobacco products, sometimes referred to as tobacco taxes, create numerous benefits for the country. Money generated by tobacco taxes is produced at the local, state, and federal levels (par. 2). Tobacco taxes create incentives to quit usage because of health benefits deriving from it (Campaign […]

Long-term Unemployment

Long-term unemployment is when workers are jobless for the time set by the federal government which may enable some to receive unemployment benefits. In order to receive unemployment benefits by the Bureau of Statistics, they must actively seek employment for at least 4 weeks prior to receiving unemployment benefits. Many unemployed people become disheartened about the possibility of receiving unemployment benefits that they just lose hope. Everyone may not be recognized in this area to show the true numbers of […]

Unemployment in Zimbabwe

Unemployment rate is equivalent to the economically active group of people that is unemployed and more so looking for jobs. During the precolonial era, Zimbabwe had one of the strongest economies in Africa and at one point dubbed the "Bread basket of Africa". The British colonized Zimbabwe and therefore in the process; managed to bring investors into the country that was rich in minerals such as gold, platinum and silver. Health sectors, education and agriculture were by far the best […]

Workforce Performance

Background The work will cover the company MyEmploysure. Its main aim is to help Australian businesses establish the workplace structures that will be compliant to the needs of the employees. Furthermore, it helps other businesses grow in what they do by managing their human resources. The service provided involves getting to know all of the legislation that has become available in the country and provide the best service in terms of differing needs of the employees. The main aim of […]

Discussion of Government and Unemployment Insurance

Discussion 1 a). Medicare is a program by the federal government in US, which offers health cover to its citizens. The package is extended to cover old people who have 65 years and above as well as young individuals who have disabilities. The health cover plays a major role in providing financial plus health security paying many medical health services to persons it covers (Edwards, 2014). Major characteristics of this program include; many people using the program have medical problems […]

Production Planning Processes

Founded in 1944, Burgmaster took a stable market position in the machine tool industry. Its stability was propagated by its turret-head drill, which was based by Fredrick Burg. Its capacity and ability to reduce production costs made the Burgmaster drill a favorite tool in the then budding aerospace industry. With the early market, dominance came bigger plans. The Burg family publicized the company in 1961 by issuing stock on over-the-counter market (Misa & Thomas 174). Five years down the line, […]

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How to Write Essay About Economics

Economics and finance are closely related fields of study within the STEM subjects in college, often presenting a significant challenge to many students due to their complex theories and intricate mathematical models. The similarity in their foundational concepts can sometimes lead to confusion and difficulty in grasping the distinct nuances of each discipline. However, students facing these struggles have a reliable ally in Papersowl, an academic support platform that specializes in providing expert finance assignment assistance , economics homework help and other STEM subjects.

Crafting an essay on economics requires a clear understanding of economic theories, principles, and their real-world applications. Here's a comprehensive guide to help you write a well-structured and insightful economics essay:

Understanding the Essay Topic

Begin by thoroughly understanding the specific aspect of economics you're discussing. Economics covers a wide range of topics, from microeconomic concepts like supply and demand to macroeconomic issues like inflation or international trade. Determine the nature of the essay – is it analytical, argumentative, or descriptive? This will shape your approach and style of writing.

Conducting Comprehensive Research

Research is key to a successful economics essay. Utilize credible sources, including academic journals, economic textbooks, and reputable online resources. Focus on gathering data, statistics, case studies, and expert opinions that are relevant to your topic. Understanding both historical contexts and current economic trends can provide a comprehensive perspective on the subject.

Developing a Thesis Statement

Your thesis statement should clearly articulate the main argument or perspective of your essay. In economics, this might be a stance on a particular economic policy, an analysis of an economic trend, or an argument about a specific economic theory. Ensure your thesis is concise, direct, and lays the groundwork for your argument.

Planning the Essay Structure

Organize your essay in a clear, logical manner. Start with an introduction that sets the context and outlines your thesis statement. In the body, divide your main points into paragraphs, each focusing on a specific aspect of your argument. Use examples, data, and economic theories to support your points. Conclude by summarizing your main arguments and restating your thesis in light of the evidence you've presented.

Writing the Essay

Use clear and precise language in your writing. Economic concepts can be complex, so it's important to explain them clearly and avoid unnecessary jargon. Present your arguments logically, supporting them with data and examples. Be analytical and critical, especially when discussing economic models and theories.

Incorporating Data and Analysis

Economics essays often rely on data and statistical analysis. Ensure that any data used is relevant, up to date, and accurately interpreted. Graphs and charts can be effective in illustrating economic trends and relationships. Analyze the data to demonstrate how it supports your argument or provides insights into the economic issue you're discussing.

Citing Your Sources

Proper citation is essential in academic writing. Use an appropriate citation style (such as APA, MLA, or Chicago) and consistently cite all your sources, including data, theories, and quotations.

Editing and Proofreading

Review your essay for clarity, coherence, and logical flow of ideas. Check for accuracy in your economic arguments and ensure that your analysis is thorough. Proofread for grammar, spelling, and formatting issues. It can be beneficial to have someone else read your essay for feedback, especially if they have knowledge in economics.

Writing an essay on economics involves balancing in-depth understanding of economic theories and real-world examples, critical analysis, and effective communication. By carefully researching your topic, structuring your essay logically, and presenting your arguments with clarity and precision, you can create a compelling and informative economics essay that demonstrates your grasp of this dynamic field.

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Economics Essay Topics: 162 Practical Ideas & Useful Tips

Essay writing is an inherent part of the economics studying process. Nevertheless, it is quite a challenging task. Are you a high school or college student who is struggling with an economic essay topic choice? Or maybe you are unsure about your writing skills?

We know how to help you .

The following article will guide you in choosing the best topic for your essay on economics. Here, you can find a variety of ideas for high school or college. The economic essay topics are divided into several categories that will help you with your research. And a pleasant bonus from our team! We have created a great guide on how to write an economics essay.

So, don’t miss your chance to write an outstanding economic paper! Check out our essay ideas, read our tips carefully, and be ready to receive your grade A!

• ⭐ Best Economic Topics
• 🤝 Socio-Economic
• 🗺️ International Economics
• 🛠️ Labor Economics
• 🌆 Urban Economics
• ⚽ Sports Economics
• 💉 Health Economics
• 💼 Business Economics
• 🏤 Globalization
• 🧮 Economic History
• 💫 How to Write?

⭐ 15 Best Economic Essay Topics

• 2008 Economic Crisis.
• Socio-economic policy.
• Economic systems – Singapore.
• Racial pay gap.
• Economic globalization.
• History of online trading.
• Child labor policies.
• The Economic Naturalist.
• Foundations of economic theory.
• Impact of unemployment.
• Universal Basic Income.
• The role of consumerism.
• Healthcare economics – Canada’s Medicare.
• Reasons for recession.
• Cryptocurrency & environmental issues.

✨ Excellent Economic Essay Topics

Has economics always been a subject of meticulous research? The question is quite controversial, right? There is no specific time when economics started its rapid progress. Generally, economics remains the topic of interest since the establishment of capitalism in the Western world.

Nowadays, the economy is the main engine that moves our world forward. The way we do business determines the geopolitical situation in the world. Moreover, it influences many other parts of our lives.

Economics studying is of utmost importance nowadays. It helps to gain a better understanding of processes that put everything in motion.

Economics is quite broad, so it has a great variety of subfields. And this is a fantastic opportunity for us to generate as many essay ideas as possible. Here, you will find great economic topics for your paper. As mentioned before, we have divided them into several sections to ease your selection process. There’s a wide selection of free college essays samples on economics in our database, too. So be sure to check that out.

🤝 Socio-Economic Essay Topics

• The economic impact of racial segregation in America in the 1950s.
• Designing a just socio-economic system.
• Socio-economic status of Hong Kong in modern-day China. Explain how the city of Hong Kong gained a special status in China. Why did it emerge as one of the most important cities in its economy? Comment on the significance of Hong Kong in the international economic arena.
• Economic growth in the United States in the post-World War 2 period.
• Mobile banking in Saudi Arabia: towards understanding the factors that affect the sector.
• The importance of Dior’s bar suit to the women’s fashion industry.
• Economic problems in the 1980’s Soviet Union. Talk about the significant problems with the economy the USSR had in the 1980s. What role did they play in its collapse?
• What socio-economic problems did segregation in South Africa cause?
• History of economic development in the UAE. Discuss the economic miracle in the UAE and Dubai. Explain how the government could turn the city of Dubai into one of the most famous tourist destinations. What strategies were applied?
• Gender inequality and socio-economic development .
• The problem of poverty in Venezuela.
• How the socio-economic and political position of women changed between 1880 and 1940.
• The economic impact of COVID-19 on global trade.

• How do the three main economic groups interact with each other? There are three critical economic groups: – Consumers – Producers – Government Analyze the interaction of these groups with each other.
• Extended essay: how the study of economic data helped our society to advance?
• Western industrialization socio-economic impacts.
• Inequality at the top: not all billionaires have the same powers. Analyze billionaires’ net worth, liquidity, political power, and wealth security. Explain why they have unequal social status. What factors determine the influence of billionaires?
• An analysis of systems that help us measure agricultural development in a country.
• Is social media a useful tool for brand promotion?
• The phenomenon of dualism in economic development.

🗺️ International Economics Essay Topics

• Globalization and its impact on international economic relations. Define the term globalization. What role does globalization play in international economic relations? Provide specific examples of globalization’s impact on the global political economy.
• The lack of justice for the cheap international labor market. Discuss the issue of cheap labor in various countries. Why do some workers often lack fundamental human rights while others abuse moral norms? Analyze the causes and effects of inequality in the workplace.
• Japan macroeconomics: problems and possible solutions.
• The issue of mercantilism in the history of Great Britain. Analyze the rise and development of mercantilism in the history of Great Britain. To solidify your ideas, provide persuasive arguments, and appropriate examples of mercantilism.
• Why does the problem of environmental protection remain unresolved among global economies?
• Nissan Motor company’s international business.
• International environmental concerns in economics: the case of China .
• The issue of international criminal justice in industry. Explain why international businesses often avoid criminal justice after wrongdoings. Select one case of unethical behavior of a company’s CEO or regular employee. Briefly introduce the problem. What were the causes and effects? How was the issue resolved? Express your own opinion regarding the lack of criminal justice in business.
• The economy of Singapore and its role in international trade.
• International microeconomics trade dispute case study: US-China dispute on the exportation of raw materials.
• The phenomenon of the “gig economy” and its impact on the global economy.
• The effect of population growth in the international economy.
• International economics in the context of globalization.

• How does Brexit affect the economy of the European Union? Analyze the immediate impact of Brexit on the EU’s economy. Predict future advantages and disadvantages of Brexit for both: Great Britain and the EU.
• South Africa: international agribusiness, trade, and financing.
• Historical essay: the economy of the Dutch East India company.
• The issue of Mozambique’s economy and possible solutions. Investigate the issue of extreme poverty in Mozambique. What are some possible solutions to the problem of poverty? Base your suggestions on the country’s cultural, historical, and geographical aspects.
• Imbalances in the global economy. Discuss the imbalances between trading countries on the scale of the global economy. What solutions would you suggest to deal with this issue?
• How will global economies adapt to China’s growing power?
• Etihad Airways company managerial economics.

🛠️ Labor Economics Essay Topics

• Ford Motor company’s labor economics.
• Labor economics: child labor.
• The UPS firm perspective: the labor market.
• Gender inequality of wage rate in modern business. Research how and why gender inequality is still an issue in the modern world of economics. What are some ways to deal with the problem? Present your ideas accurately and effectively. Provide solid arguments and appropriate examples to prove your position.
• What are the best ways to increase labor productivity in business?
• Labor unions adverse effects on economics.
• The decrease of the labor force in modern industries. Talk about the rising rates of robotization in the majority of industries. How will it affect the traditional labor force? Comment on the problem of unemployment caused by labor automatization.
• Violations of labor rights of workers.
• Modern labor essay: how can an entrepreneur guarantee the minimum wage to their workers?
• How can labor geography help develop a special economic zone? Talk about labor geography and its effects on developing an exclusive economic zone. How does the geopolitical location of a particular country influence its level of economic development?
• Entrepreneurship in the organic cosmetics sphere.
• Gender-oriented labor trade unions. A case study. Discuss the gender-oriented trade unions and analyze their impact on our society.
• Child labor in the Turkish cotton industry.

• The connection between economic growth and demography. Analyze the connection between economic growth and its demographic context. Investigate both sides: – The issue of overpopulation – The problem of low birth rate. From an economic perspective, what problem is more dangerous?
• The issue of sex discrimination in the workplace.
• The effects of Landrum-Griffin Labor Act. Explore the labor Act of Landrum-Griffin that was passed in the US Congress in 1959. Discuss its implications and consequences. Discuss its implications and consequences.

🌆 Urban Economics Essay Topics

• Cities and their role in aggregate economics.
• Urbanization in Hong Kong and its effects on citizens.
• The urban planning of the city of New York: a critical analysis. Analyze the urban history of NY. How has the city been developing? Discuss revolutionary solutions to the past and problems of modern times.
• The impact of a city’s design on the local traffic.
• Dubai’s spatial planning: creative solutions for building a city in the desert.
• Globalization, urban political economy, and economic restructuring.
• How do urban areas affect local wildlife? Comment on how modern production technologies in urban areas impact the natural diversity of wildlife. What impact does the rapid economic progress have on the environment? Suggest possible solutions.
• Urban sociology: does the city make us better people?
• Why should people be more careful about investing in real estate? Discuss the issues of overinvestment into real estate. Consider the economic crisis of 2008 as an example.
• How can regional authorities help improve a city?
• Urban life and its effects on education.
• The economic development of a city’s metropolitan area: challenges and solutions.
• Main factors for the emergence of cities in the Middle Ages.
• The ethics of relocation: is it justified? Talk about the case of relocating locals when building projects of great magnitude. To what extent can it be justified? Mention its economic and ethical side.
• The difficulties behind the construction of “green” buildings. Discuss the relatively new phenomenon of environmentally friendly buildings. Analyze both sides: the pros and cons. What obstacles lie behind the “green” building? What opportunities do the “green” buildings offer? Elaborate on your ideas by providing clear arguments or counterarguments.
• What factors play a critical role in the success of retail productivity in cities?

⚽ Sports Economics Essay Topics

• Do teams with higher budgets perform better on the field?
• Corruption in European football leagues: a critical analysis. Investigate the corruption issue in the European football leagues. State reasons and solutions for the problem.
• The managerial catastrophe of Arsenal F.C.

• The NextG sports company’s communication planning.
• Roger D. Blair’s Sports Economics literary review. Write a literary analysis of Sports Economics by Roger D. Blair. Discuss his opinion on the economy of sports. Do you agree or disagree with his position? Provide compelling supportive arguments or strong counterarguments.
• How significant is the impact factor of a local team on a city’s economy?
• Kinsmen Sports Centre: marketing metrics innovation.
• What role does statistical data play in sports? Analyze the part of economic statistical data in different sports organizations. How can statistics help to develop an effective financing plan? Comment on the impact of financing on the performance of a sports club.
• Sports and energy drinks marketing analysis.
• Is there a connection between the lack of money and any contemporary issues in a sports team?
• Performance-enhancing drugs in sports.
• The business of FIFA: a financial analysis. Investigate the finances of FIFA. What economic factors make them so influential in the modern world of football?
• The global sports retail industry.
• The Olympics: logistics and economy. Discuss the logistics behind the Olympics Games event. How the Olympic Games impact the economy of the host country?

💉 Health Economics Essay Topics

• Is bioprinting the new future of medicine? Analyze the new market of organ printing and discuss its challenges. Investigate bioprinting from an economic perspective. Will the outputs cover the inputs? How will bioprinting impact the financial aspect of the health care sector?
• Cost-effectiveness of pharmaceutical products in the United States. Comment on the immense cost-effectiveness of pharmaceuticals. What do you think is the price of pharmaceutical products reasonable? Is it ethical to set extremely high prices on the medicals?
• An economic evaluation of the antibiotics market.
• Health economics-SIC and NAICS.
• The financial side of cancer treatment: is it too expensive? Analyze the market for cancer treatment programs in various countries. Explore its costs and complications. What are some possible ways to reduce the price of cancer treatment and make it more affordable?
• The issue of fast food consumption: a multibillion-dollar market . Fast food has always been one of the notable causes of obesity, diabetes, and other illnesses. Investigate the economic aspect of the issue. Are high profits from fast food production worth peoples’ health conditions?
• History and evolution of healthcare economics.

• The financial management of a hospital: a case study.
• The issue of public healthcare in the USA. Write about the long-standing issue of medical sector operation in the USA. Analyze its history, financial, and social aspects.
• Demand in healthcare economics.
• What are the economic outcomes of a global pandemic? Taking the COVID-19 outbreak as an example, conduct research on the effects of a pandemic on the economy. How does it affect local economies? What impact does the quarantine have on the international economy? Provide appropriate examples to support your ideas.

💼 Business Economics Essay Topics

• When does an advertising campaign become unnecessary?
• Sustainable development of a nation’s economic stability. Discuss how a country can create a sustainable economy. Provide bright examples to solidify your position.
• How can a small business compete with monopolies?
• What are the limitations of the Lewis Model?
• The phenomenon of inflation: inevitable liability or a land of opportunity for our economies? Explore the process of inflation in modern economies. Does it only have adverse effects on the countries’ economies? Are there any advantages of inflation? Analyze it from a positive perspective.
• Economics, business, and sugar in the UK.
• The shadow economy of the finance sector. Dive into the backstage of the finance sector and research various “grey” areas where business can be done.
• Chinese and Japanese business systems comparison.
• Oil demand and its changes in the XXI century: a critical analysis. Analyze the oil sector and write about its fluctuation in the XXI century. How did the changes in oil demand affect the global economy?
• The social and economic impact of mass emigration.

🌠 40 More Good Economic Essay Topics

Scrolled through our ideas, but can’t find a suitable topic for yourself? No worries! We have more issues to share with you.

So, don’t stress out. Take a look at our list of economical essay topics. Here are 40 more ideas focusing on globalization and the history of economics.

🏤 Economic Globalization Essay Topics

• The impact of globalization on the tourist industry in the Caribbean . Analyze both: the positive and negative effects of globalization on the Caribbean. To make your paper well-structured, explore two advantages and two disadvantages. Don’t forget to improve your essay with strong evidence and appropriate examples!
• Toyota Motor Corporation: impacts of globalization.
• What are the effects of globalization on developing countries? To what extent do developing countries profit from globalization? Research the subject by comparing various examples.
• Defining globalization and its effects on current trade.
• Economic growth as a result of globalization: proper financial strategies. How can a country successfully achieve prosperity with globalization? Discuss proper economic strategies.
• The socio-political significance of the IT industry’s globalization.
• Human trafficking in developing nations as a result of globalization.

• Globalization and criminal justice policy.
• What are the advantages and disadvantages of globalization?
• Globalization challenges and countermeasures.
• The effect of globalization on worldwide trade and employment rates.
• Economic integration within the European Union: a critical analysis. Talk about the history of economic integration within the EU. What are the negative and positive outcomes of economic integration?
• Globalization and food in Japan.
• Does globalization bring negative effects to cultural heritage and identity?
• The Industrial Revolution as the first step towards globalization. Focus on the Industrial Revolution in Europe. Discuss its precursors and consequences. Why is the revolution considered to be a starting point of globalization? Provide specific examples of globalization processes that occurred in the economic sector after the Industrial revolution.
• Globalization 2.0 an analysis of a book by David Rieff.
• Globalization effects on fundamentalism growth.
• Does direct investment by foreign businesses come with strings attached? Dive into the shady area of globalization and discuss how to direct foreign investment can bring problems of geopolitical scale.
• Effects of globalization on sexuality.
• Alibaba’s globalization strategy: an economic analysis.

🧮 Economic History Essay Topics

• The rapid economic growth of Europe during the Age of Discovery. Analyze the factors that brought economic growth to Europe during the Age of Discovery. What factors contributed to the dynamic economic progress of that time?
• Brazil’s economic history.
• History of capitalism: from the Renaissance to the United States of America. Discuss the origins of capitalism and its centuries-long path towards XXth century America. How the establishment of capitalism impacted the economy of the USA?
• Max Weber: economic history, the theory of bureaucracy, and politics as a vocation.
• 2008 Economic Crisis: origins and fallout. Talk about the 2008 Financial Crisis. Discuss its causes and outcomes. What should have been done differently to avoid the global crisis? Comment on the economic strategies countries used to recover from it.
• The economic marvel of Communist China: from rags to riches.
• What made world economic growth of the Renaissance possible?

• The economic history of Canada: how did the settlers facilitate economic growth?
• What did the major powers of the XIXth century base their economies on?
• The Rothschilds: political and financial role in the Industrial Revolution. Research the dynasty of Rothschilds and how they came to power. What was their role in Europe’s Industrial Revolution?
• The link between the “oil curse” and the economic history of Latin America.
• Roman Empire’s monetary policy: a socio-economic analysis.
• How did the demand for different goods change their value in the 2000s years? Analyze the demand for goods in the 2000s years and their change in value. Why do these fluctuations in demand for products and services occur?
• The history of economic thought.
• Soviet Union’s economic timeline: from the new Economic Policy to Reformation. Discuss the economic issues of the Soviet Union from the historical perspective. Why did the Soviet Union collapse? What improvements in the financial sector should have been done?
• History of France economics over the past 20 years.
• The history of economic analysis.
• The concept of serfdom and slavery as the main economic engine of the past. Dive into the idea of feudalism and serfdom. Discuss its social and economic aspects.
• The World Bank’s structure, history, activities.
• The history of Islamic banking: concepts and ideas.

💫 How to Write an Economics Essay?

Generally, essay writing on economics has the same structure as any other essay. However, there are some distinctive features of economic papers. Thus, it is essential to figure them out from the very beginning of your work.

You might be wondering what those aspects of the economic paper are. Well, we have an answer.

Below, you will find a detailed plan that explains the fundamental concepts of the essay writing process. So, don’t hesitate to use our tips! They are indeed helpful.

Pick a topic and dissect it. Picking the right topic is the very basis of writing a successful essay. Think of something that you will be interested in and make sure you understand the issue clearly. Also, don’t forget to check our ultimate economics essay topics and samples list!

Research it. After selecting the right idea from our economical essay topics, research your subject thoroughly. Try to find every fascinating and intriguing detail about it. Remember that you can always ask your fellow students, friends, or a teacher for help.

Come up with a thesis statement. A thesis statement is an essential element of your essay. It will determine your focus and guide the readers throughout your paper. Make your thesis secure and try to catch the reader’s attention using context and word choice.

Outline your essay. Never underestimate the power of a well-structured outline! Creating an essay outline can significantly help you to determine your general plan. Evaluate which economic framework you will be using to address the issue. State the main points of your thesis and antithesis. Make sure that they answer the central question of your work.

Write your introduction. First and foremost, a practical introduction should capture the readers’ attention and state the essay’s key topic. So, put enough effort to develop an outstanding introduction. It will create the first impression of your paper.

Moreover, an introduction should include a thesis statement. As we have mentioned above, a thesis plays a crucial role. Thus, make sure it is clearly stated.

Another significant feature of the introduction is its coherence with the body of your essay. Consequently, the introductory paragraph’s last statement has to present the subject of the next section, generically. Also, keep in mind that no more than three key points can be discussed in a paper, even if it is an extended essay.

Thoroughly work on the body paragraphs. Usually, the body of the essay contains several paragraphs. The number of these paragraphs will depend on the nature of your question. Be sure to create one section for every critical point that you make. This will make your paper properly-structured, and the reader will quickly get your ideas. For your convenience, we created a plan to develop your ideas in each paragraph, So, use it and make your writing process easier!

• Argument. Present your argument in the topic sentence of the paragraph in a way that directly answers the question. A hint: the most effective way to introduce the critical point is to place the topic sentence at the beginning of the paragraph. This will help the readers to concentrate their attention on a specific idea.
• Comment and discussion. Explain the meaning of your argument and provide an economic analysis. Present clear evidence and persuasive arguments to solidify your position.
• Connection. Link your comments with the vital point of the paragraph. Demonstrate the coherence of your evidence with the point.
• Diagrams, tables, charts. If necessary, provide the reader with visual aids. Sometimes, an appropriate diagram or a suitable chart can say more than words. Besides, your paper will look more professional if you use any kind of visual aids.

Conclude your essay. In your conclusion, summarize and synthesize your work by restating your thesis. Also, it is crucial to strengthen it by mentioning the practical value of your findings. Remember to make your essay readable by choosing appropriate wording and avoiding too complex grammar constructions.

Thank you for visiting our page! Did you enjoy our article and learned something new? We are glad to help you. Don’t forget to leave a comment and share the article with others!

🔗 References

• High School Economics Topics: Econlib, The Library of Economics and Liberty
• Guide to Writing an Economics Essay: The Economics Tutor
• How to Write the Introduction of Your Development Economics Paper: David Evans, Center For Global Development
• Senior Essay: Department of Economics, Yale University
• Developing A Thesis: Maxine Rodburg and The Tutors of the Writing Center at Harvard University
• Academic Essay Writing, Some Guidelines: Department of Economics, Carleton University
• The Writing Process: Writing Centre Resource Guide, LibGuides at Dalhousie University
• Research Papers: KU Writing Center, the University of Kansas
• Unpacking the Topic: University of Southern Queensland
• Economic Issues: PIIE, Peterson Institute for International Economics
• Areas of Research: EPI, Economic Policy Institute
• Top 100 Economics Blogs Of 2023: Prateek Agarwal, Intelligent Economist
• Current Environmental Economic Topics, Environmental Economics: US EPA, United States Environmental Protection Agency
• Hot Topics in the U.S. Economy: The Balance
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How to Write a Good Economics Essay

Last Updated: March 7, 2023 References

This article was co-authored by Emily Listmann, MA . Emily Listmann is a private tutor in San Carlos, California. She has worked as a Social Studies Teacher, Curriculum Coordinator, and an SAT Prep Teacher. She received her MA in Education from the Stanford Graduate School of Education in 2014. This article has been viewed 127,564 times.

A good economics essay requires a clear argument that is well-supported by appropriately referenced evidence. Research your topic thoroughly and then carefully plan out your essay. A good structure is essential, as is sticking closely to the main essay question. Be sure to proofread your essay and try to write in formal and precise prose.

Preparing to Write Your Essay

• For example a question such as “Discuss the macroeconomic consequences of rising house prices, alongside falling interest rates” could be divided into 2 parts: 1 part could be on the effects of rising prices, and 1 on the effects of falling interest rates.
• In this example you could begin by discussing each separately and then bringing the 2 together and analysing how they influence each other.
• Be sure to keep the question at the forefront of your mind and don’t veer off topic. [1] X Research source

• Be sure that you understand all the key terms that you are being asked about.
• Try to keep your reading focussed closely to the essay question.
• Don’t forget to look at any lecture or class notes you have made.
• 3 Come up with a thesis statement . A thesis statement is the main argument you will make in your essay. It should be 1-2 sentences long and respond to the essential question that’s being asked. The thesis will help you structure the body of your essay, and each point you make should relate back to the thesis.

• Once you have put together a list of key points, then try to add in some more detail that brings in elements from your research.
• When you come to write out your essay, you can develop a paragraph based on each point.

• All of the evidence and explanation will be in the main body of the essay.
• Order the key points in the body of your essay in such a way that they flow logically.
• If you are writing a longer essay, you can break the main body into different sections. [2] X Research source
• If you have a word limit, be sure to take this into account when you are planning.
• Allocate yourself a rough number of words per section.
• The introduction and conclusion can be just a paragraph each.

Writing the Essay

• What your essay is about.
• What material you will cover in the essay.
• What your argument is. [3] X Research source

• Having this stated clearly at the start can help you to stay focussed on the question as you work your way through the essay.
• Try writing out this one or two sentence statement and sticking it up in front of you as you write, so it’s stays at the forefront of your mind.

• Try to begin each paragraph with a sentence that outlines what the paragraph will cover.
• Look at the opening sentence of each paragraph and ask yourself if it is addressing the essay question. [5] X Research source

• Try to engage with arguments that run counter to yours, and use the evidence you have found to show the flaws.
• It might help to imagine someone reading the essay, and anticipating the objections that he might raise.
• Showing that you have thought about potential problems, and you can make an argument that overcomes them, is a hallmark of an excellent essay. [6] X Research source
• If there is conflicting evidence, discuss it openly and try to show where the weight of the evidence lies. [7] X Research source
• Don’t just ignore the evidence that runs counter to your argument.

• In the conclusion you can add a few sentences that show how your essay could be developed and taken further.
• Here you can assert why the question is important and make some tentative suggestions for further analysis.

Proofreading and Making Revisions

• As you read through it, think about how closely you stick to main overarching question.
• If you notice paragraphs that drift off into other areas, you need to be tough and cut them out.
• You have a limited number of words so it’s essential to make every one count by keeping tightly focussed on the main question.

• Think about how you use the evidence too. Do you critically engage with it, or do you merely quote it to support your point?
• A good analytical essay such discuss evidence critically at all times.
• Even if the evidence supports your argument, you need to show that you have thought about the value of this particular piece of data.
• Try to avoid making any assumptions, or writing as if something were beyond dispute. [10] X Research source

• Remember an academic essay should be written in a formal style, so avoid colloquialisms.
• Avoid contractions, such as “don’t”, or “won’t”.
• Try to avoid paragraphs that are more than ten or fifteen lines long.
• Think about how it looks on the page. [12] X Research source

• Always include a bibliography, but don’t include references to things you haven’t read or didn’t inform your argument. [13] X Research source
• Your teacher will know if you just add a load of titles into your bibliography that are not evidenced in the body of your essay.
• Always follow the bibliography format used by your department or class.

Community Q&A

You Might Also Like

• ↑ http://www.economicshelp.org/help/tips-economic-essays/
• ↑ http://www.writing.utoronto.ca/advice/planning-and-organizing/organizing
• ↑ http://carleton.ca/economics/courses/writing-preliminaries/academic-essay-writing/
• ↑ https://www.economicsnetwork.ac.uk/archive/lse_writing/page_11.htm
• ↑ http://homes.chass.utoronto.ca/~mcmillan/writing.pdf
• ↑ https://www.royalholloway.ac.uk/economics/documents/pdf/essaywriting-departmentofeconomics.pdf

About This Article

Before you begin writing your economics essay, make sure to carefully read the prompt so that you have a clear sense of the paper's purpose and scope. Once you have read the prompt, conduct research using your textbook and relevant articles. If you cannot find research materials, ask your instructor for recommendations. After your research is done, construct a 1-2 sentence thesis statement and begin outlining your main ideas so that your essay will have a clear structure. Make sure to leave time to write a draft and revise your work before it is due. If you want to learn more, like how to cite the sources you used for your essay, keep reading the article! Did this summary help you? Yes No

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Economics Revision Essay Plans

Last updated 17 Dec 2019

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This series of resources provides revision essay plans for a wide variety of essay topics, including synoptic questions.

For the 2019 papers check out our collection of videos on building A* evaluation into your answers

Have you tried our series of more than 50 Quizlet revision activities? Click here to access!

Essay Plan: Limits on Monopoly Power

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Chains of Reasoning and Evaluation: Fuel Prices in the UK

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Mergers and consumer welfare (revision essay plan), air pollution and policies to control (revision essay plan), policies to improve competitiveness (revision essay plan), economic effects of higher interest rates (revision essay plan), current account deficit & policies (revision essay plan), unemployment and policy trade-offs (revision essay plan), case for cutting the national debt (revision essay plan), micro-finance (2019 revision update), essay on advertising and economic welfare, essay on oligopoly and collusion, policies to control inflation.

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Why is high inflation a problem?

Revision essay: exchange rate depreciation and macroeconomic objectives, to what extent should full-employment be the main macro policy objective, housing supply (revision essay plan), minimum alcohol pricing (revision essay plan), oligopoly and collusion (revision essay plan), building confidence in writing synoptic 25 mark essays (edexcel), behavioural and neo-classical economics (revision essay plan), barriers to entry and economic profit (revision essay plan), micro and macro impact of a plastic tax (revision essay plan), edge revision webinar: market failure and government intervention, farm subsidies (revision essay plan), competitiveness of the uk motor industry (revision essay plan), labour migration (revision essay plan), financial market failure (revision essay plan), tariff on chinese steel (revision essay plan), policies to improve food affordability (revision essay plan), reducing a trade deficit (revision essay plan), museums and government subsidy (revision essay plan), fiscal policy and inequality (revision essay plan), globalisation and inequality (revision essay plan), economic inactivity (revision essay plan), competition and consumer welfare (essay technique video), essay plan: is the euro the main cause of the crisis in greece and italy, china: successes and failures essay plan, our subjects.

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How to Write a Good Economics Essay

Governor November 28, 2019 Real World Applications 3 Comments

Many students ask “How to write an economics essay?” This Guide to Writing a Good Economics Essay is applicable to both IB economics as well as the Singapore JC A-Level H2 economics examinations. Many of the pointers here are also applicable to large-mark case study questions.

6 Steps to Writing a Good Economics Essay

Step 1: dissect the question.

Make sure you analyse and fully understand the KEYWORDS and REQUIREMENTS of the question. This is a very important skill that is taught in our economics tuition classes .

For example, “Best”, “Most Effective” are closely related but mean different things.

Paraphrase the question to make it simpler if necessary.

Take note of the command word (eg: Explain, Discuss) as it determines the approach needed for the essay, for example, whether two sides are needed or one side is sufficient. Below are some common examples found in economics essay questions:

Command Words                                      Action Required

Account for                                                 Explain why

Analyse                                                        Break it down into step-by-step explanations

Assess                                                          For & Against. Consider other factors.

Compare                                                      Identify Similarities & Differences

Distinguish                                                   Point out differences

Discuss                                                        Explore both sides

Evaluate                                                       The Good and The Bad.

Explain                                                          Show why and how

Explain whether                                            Cover both possibilities

Examine                                                        Look closely. How so and how not so?

To What Extent                                              Yes…..But….Judgment

Remember to look out for the context in the question. This is usually given in the form of a country (eg: Singapore). The examples in your essay must be tailored to this particular context (for example, do not suggest interest rate policy for Singapore as that is considered infeasible in the Singapore context). If no context is given, any real-world example can be used.

Keep in mind the question throughout the essay and remember to always answer the question. Don’t go off-point!

Common Examiner’s Comment :  Not Answering Question (NAQ))

Step 2: Plan Your Answer

Take some time to consider what economic framework you will use to approach the question. Scribble down your main thesis and anti-thesis points. Ensure they ANSWER THE QUESTION.

Step 3: Essay Introduction

In the introduction, include definitions of keywords in the question and spell out the economic framework you will employ for your answer as well as key definitions.

Step 4: Body of Essay

In the body , there will be several paragraphs. 

The number of points/paragraphs depends on the question. It is common to require 2 main points for each 10 mark essay and similarly for 15 mark essay questions. Under each main point, there may be 1-2 sub-points.

Use one paragraph for each sub-point you are making.

However, do not be too focussed on the number of points or paragraphs. The key is to answer the question.

For each body paragraph , use TET’s PEEL(ED) structure. Include only one main idea per paragraph.

• Point – Write your point in the first sentence so that markers will know what the paragraph will be about. The topic sentence must directly answer the question!
• Explanation – Explain what you mean
• Elaboration – Provide further analysis with clear step-by-step economic reasoning. This part may be done with examples as well as diagrams.
• Link – Link your explanations back to the Point and to answer the question.
• Exemplification – Give an example to support your reasoning. It can be statistics or real-world examples (for Case Studies, evidences from the Case must be uncovered!)
• Diagram – Where possible, araw an appropriate diagram with correct labelling and refer to it in your answer. This is crucial to show economic reasoning. Diagrams are very important for economics essays!

These are of course much easier said than done! Thus, students in our economics tuition classes are regularly honed to achieve such output including with tips and tricks to spark off the correct thinking process.

Our resources including the Study Guides for A Level and IB economics also provide a very powerful and handy reference on the depth of analysis required to score the highest marks.

Common Examiner’s Comment :  Mere statements and claims. No economic rigour.

Step 5: In-Body Evaluation

This applies especially to the 15 mark essays for A-Level Economics. A total of 5 marks is catered for Evaluation. Students should attempt to achieve about 2-3 in-body evaluation marks by pointing out how the thesis and anti-thesis points may not be true due to certain assumptions made that may not hold. Students may write “However,….may not necessarily happen……It would depend on whether….”. This statement can be written after the associated sub-point has been made.

Step 6: CONCLUDING SECTION

This only applies to the 15 mark essay questions.

Earn more evaluation marks by making a reasoned judgement. Deliver your verdict like a Judge! 

Check back on the question before you embark on this. Ensure your judgement answers the question.

So the question now is, how does a judge arrive at and deliver a verdict? Certainly, you should not be summarising or merely paraphrasing your main points in the conclusion. Obviously, you cannot expect more marks by saying the same thing over and over again!

After a verdict and reasons have been provided, consider providing further relevant insights and/or recommendations.

Common Examiner’s Comment :  Repetitive. Mere Summary.

Here are some quite common types of Concluding Sections 

• Consider the relative importance of thesis and anti-thesis factors. Which factors are most important or pertinent in the given context? For example, certain policies better fit specifc types of economies.
• Consider short-term vs long-term pros and cons. Do the short-term benefits outweigh the long-term costs? Is the policy more effective in the long-term, and if so, how pressing is the problem that needs to be addressed?
• Suggest a multi-policy approach, in which each policy has strengths and weaknesses that allow them to complement each other.

There is no way to really memorise evaluation points as every question and context is different. After all, you are being tested on higher-order thinking!

There are other evaluation tips that our students will receive but the key point here is that the training of the mind to think and apply economics is essential. That is where our weekly economics lessons come into play and that is why our students are often asked questions in class and trained to think on their feet. As ex-student Xue Min from YIJC testified, Chief Tutor Mr. Kelvin Hong does not just spoon-feeds our students but mentors them in their thinking to arrive at the answers. This was different from other tutors that her classmates experienced and eventually this was the key to Xue Min’s A grade.

In your essay, write in simple and clear sentences. Everything you write should be value-adding. You do not have to spend time showing off vocabulary as no extra points are awarded for language. Focus on economic reasoning. Use succinct and effective examples which support the point you are trying to make as well as accurate diagrammatic analyses.

For samples of great economics essays, please check out our free Economics Model Essays and sample Past JC A-Level Economics Questions and Answers .

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Home Essay Samples

Essay Samples on Economics

Economics relates to one of the most complex academic tasks because it is always a very complex mixture of calculations and analysis. Some students choose case study writing as a solution, yet it’s not always efficient because one should know the subject well and provide the facts. The purpose of most essays on economics is to explain why a certain method is the most efficient and what solutions can help achieve success or explain the challenges. See economic essay examples as a better way to learn and see how to structure your writing and what parts are essential for your essay. Don’t forget that your grading rubric will contain helpful information that will help to narrow things down. Take your time to explore economics essay examples because these address all the possible subjects and essay types related to economics. If you are unsure about your essay’s structure, use these samples as a writing solution and see if you can fit things within your word count. It’s always helpful if you can start with an outline first and take notes about the key arguments that you would like to make or certain limitations that will help you to address the problem.

Cosmetology Career Goals: Pursuing Beauty and Creativity

Cosmetology career goals weave a tapestry of aspirations centered around the art of beauty, self-expression, and transformation. In a world where appearance plays a significant role, cosmetologists take on the role of artists, enhancing natural beauty and boosting confidence. This essay delves into the importance...

• Career Goals
• Cosmetology

The Impact of High Gasoline Prices on Various Fields

The fluctuations in gasoline prices have a significant and widespread impact on economies, societies, and individual households. This essay explores the multifaceted impact of high gasoline prices, encompassing economic effects, environmental considerations, and social implications. Economic Effects High gasoline prices can have far-reaching economic repercussions....

Advantages and Disadvantages of E-Commerce: Navigating the Digital Marketplace

E-commerce, or electronic commerce, has revolutionized the way businesses operate and consumers shop. The rapid growth of online platforms has brought both significant advantages and notable disadvantages. In this essay, we will explore the benefits and drawbacks of e-commerce, shedding light on how this digital...

Unraveling Theories of Inflation in Economics and Its Problem Nature

Inflation is the continual rise in prices, this is also known as a monetary problem. There are different monetary policies in order to keep inflation below a certain level one of these consist of inflation targeting which allows banks to keep a good stability on...

• Economic Problem

Why Online Shopping Is Better Than In Store Shopping: a Comparison

Information and communication technologies have a huge influence on modern society, changing how as well as where people work, shop and other ways of our lives. It is not a surprise to see how people are now choosing online shopping instead of in-store shopping. Especially...

• Online Shopping

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Public Debt and its Sustainability: Literature Analysis

Introduction The global financial crisis of 2008 triggered a shockwave of sudden awareness amongst all who were able to jump the metaphorical sinking ship in time. Others weren’t as lucky; Lehman Brothers sunk with a bang of almost $US 800billion and shocked the world quite...

• Gross Domestic Product
• Literature Analysis

Environmental Adaptation Challenges in Developing Asian Countries

Economics and the environment have a close relationship to each other. Especially in Asia where there is some arguments about whether they should prioritize economic development for the present, and address the cost of environmental damage in the future. However this essay will show that...

• Economic Development
• Environmental Issues

The Sharing Economy - a New Paradigm in Consumerism

With the rise in technology, people are able to communicate and conduct business through the use of the Internet and social networks. This has led to a sharing economy, where consumers can connect and exchange goods and services. Starting a company in a shared economy...

• Consumer Behavior
• Effects of Industrialization

Analysis of Current Changes Affecting the Fashion Industry

There are many kinds of industries that have greatly and directly impacted people’s lives. The fashion industry is one of them. Since the beginning of time until now, people’s sense and interest in their fashion styles have changed, and so does the fashion industry. When...

• Modern Technology

Exploring Material, Structural, and Cultural Explanations to Poverty

The poverty line, which was used in 2014 in the Britain and the European Union was used to describe individuals living on or below the 60% median income and distinguishes those who are poor. In 2012-2013 there were 21% of the population in Britain living...

• Income Inequality

The Global Impact of the Clothing Industry: Defining Consequences

The global clothing industry has a very wide reach, encompassing all countries on Earth. Clothes are a necessity of life, people need to be protected from the elements to survive and this is what clothes do. But to what extent do we need clothes and...

• International Trade

Analysis of the Controversy Surrounding Military Spending

Should the government decrease military spending, or should it increase military spending? This is a question that many Americans wrestle with, and politically speaking, is a point of great contention since to many, military might evoke a sense of security. However, when considering this question...

• Monetary Policy

Breaking the Cycle: Exploring the Interplay of Poverty, Education, and Corruption

Poverty is having a low financial income to meet one's basic needs. Living in inhumane conditions and lacking means and resources to provide necessities such as food, clothing and shelter. Inability to maintain a healthy standard of living in terms of life. Poverty is the...

Automotive Energy Industry: Analysis of Tesla Motors

Many societies are sorely dependent on economies they have set up towards sustenance in the world which are in turn backed up by different kinds of industries. The Automotive Energy Industry is one of the most important among all other kinds of industries out there...

• Business Analysis
• Tesla Motors

An In-Depth Analysis of Military Industrial Complex

It has been observed with the passage of time that the military industry has been progressing in terms of their technology as well as their capabilities of production. According to the study it has been observed that in postmodern era, military production plays an important...

Exploring the Importance and Benefits of the Infrastructure Industry

Infrastructure industry managed to set itself as a separate asset class within alternative investments that continuously attracts hefty financial allocations mainly due to its characteristic traits. In the case of this particular sector, however, the investment is a major two-way street, as it also ensures...

• Infrastructure

Unlocking Financial Literacy: Exploring the World of Finance and Money Management

Finance is a business term that is associated with banking, investments, capital, debt and credit. Managing money, such as balancing a checkbook, involves finance. At one point in every person's life, one must deal with finances. An important topic among finance is assets and liabilities....

• Personal Finance

A Critical Role of Corporate Governance System in Banks

Corporate governance in banks is a critical issue that has garnered significant attention in recent years. Banks are essential financial intermediaries that play a crucial role in the economy, and their stability is essential to ensure financial stability in the broader economy. Therefore, it is...

• Corporate Governance

The Issue of Financial Indistinctness of the US Federal Government

Budget, allocation of resources, and overspending are all viable issues that are plaguing the United State federal government. Amidst congressional debates and the government shutting down at an alarming rate, the government should be more transparent in showing its constituents how it spends their hard-earned...

• American Government
• Federal Government

Economic Success and Development: China Case Analysis

At present, many growing nations give a boost to the economic development. China is a correct example. After opening reform, Chinese economic system has saved rapid development for 30 years, which has already grown to third largest economies in the world. China is a massive...

• Economic Growth
• History of China

An In-Depth Review of Industry 5.0 and Its Impact on Society

The fact that automation could someday take over all human jobs is an idea that has haunted mankind ever since artificial intelligence first took root. Well, those fears are finally coming true. Studies show that robots could displace 20 million jobs in the manufacturing industry...

Free Market Economy: Examining Its Advantages and Disadvantages

A free market is a market that the government is not involved in. The lack of control gives opportunity to set prices between product, supply, and consumer demand. It is totally opposite to government-enforced price controls, as seen in many socialist and communist countries. Lack...

The Growing Concern About Unemployment Among Graduates

Unemployment is one of the most unsatisfied words that puts most of the graduates in depression, which means the unemployed who are actively and drastically searching for jobs. Unemployment is a fundamental economic factor due to the current cost of unemployment which is high and...

• Social Problems
• Unemployment

How to Reduce Unemployment: What the Government Can Do for People

Unemployment is defined as 'People willing and able to work at the current rate of pay but who are unable to find a job'. There are a number of types of unemployment, including structural, cyclical, seasonal and frictional unemployment. Unemployment is a key measure of...

Unemployment as Current Social Problem in South Africa

The term unemployment referred as situation when a person who is actively searching for employment is unable to find work unemployment is considered to be a key measure of the health of the economy. Unemployment as a social problem is discussed in this essay as...

• Economic Inequality

The Inter-Relation Between Poverty and Unemployment in Nepal

Nepal is a lovely South Asian landlocked nation lying on the laps of the Himalayas. The total area of Nepal is about 1, 47,516 square km. Nepal is surrounded by two giant nations, China in the north and India in the rest of the sides....

Evaluation of UK Manufacturing: Causes of a Slowdown in Growth

Any business needs to produce some kind of services or goods for sale, and in order to do so, the firm must transform inputs into output. When it comes to production decisions, this just simply means that the producers take into consideration availability, market demand,...

• Manufacturing
• Supply and Demand

Business and Society: the Fairer Economic System for the Society

While researching the three different economic systems I became torn on the decision of which system I considered to be fairer on society. I am torn between capitalism and socialism as I believe both systems are fair in their own way. Capitalism is an economic...

• Economic systems

Pharmaceutical Plants: Creating 'New Drugs' as Manufacturing System

We describe 'Pharmaceutical Plants' as those cultured species that are cast-off for the abstraction or grounding of beneficial substances such as active pharmaceutical constituents, excipients used in pharmaceutical inventions, inoculations and antibodies, as well as other satisfying proteins. Based on the type of pharmaceutical invention,...

• Pharmacology

What Is the Importance of the Economy and Its Systems

To start with, throughout the History economy has been existed but in different ways in which Karl Marx classified history based on economy, which demonstrate that economy changes over time and diverse from a country to another therefore this paper give us more details about...

• World History

Is the American Dream Dead: the Way We Can Resuscitate It

The gap between the richest and the poorest in the United States is increasing since past 40 years — killing the American Dream. America supposed to be a land of opportunity, however compared to other developed countries, it has highest level of economic inequality. For...

• American Dream

Terrorism as a Threat to Society: How It Affects Our Lives

Terrorism has been around for thousands of years. Domestic terrorism and destructive terrorism are the two main types of terrorism. Domestic terrorism is the committing of terrorist acts in the perpetrator's own country against their fellow citizens. An example of destructive terrorism is 9/11. Before...

The Causes and Effects of Terrorism: a Comprehensive Analysis

Terrorim is the use of violent means to achieve political or social and religious gain effects global citizens. Terrororism can affect individuals and nations across the globe in numerous different ways. The mental and economic effect are some of the most severe impacts of terrorist...

The Two Largest Economic Systems: Socialism and Communism

Over the course of history, socialism and communism have been two of the most disputed topics among people and government officials. Socialism is an economic and political system where the ways of making a living are owned by the workers who run them and the...

Postulates and Principles of Islamic Moral Economic System

In this paper we will take a short review of main principles and postulates, its subsequent objectives of the Islamic moral economic system.  Tawhid or the Unity of God is the fundamental principle of IME. It refers to the human beings being equal before the...

How the Global Economic System is Gradually Destroying the World

Climate change is a challenge we are facing in the 21st century. With global temperatures increasing day by day, frequent floods, droughts, and famine, melting of snow caps and emission of carbon dioxide have impacted our lives negatively. The global economic system has contributed immensely...

• Global Warming

Effects of COVID-19 Pandemic on Manufacturing Processes

According to the United Nations Statistics Division, in 2018, China accounted for 28% of global manufacturing. Chinese manufacturing sector contributed approximately $4 trillion in 2018. However, in 2020, global manufacturing saw the steepest contraction since 2009 as coronavirus impacted China, severely affecting the global supply...

Summary of Fundamental Traits of a Market Economic System

A market economy is when production is regulated through the concepts of provide and demand. However, that's now not truly what a market economy is. The market financial system works when it extracts the most ultimate amount of cost from a buy or trade. See,...

• Comparative Advantage

Budgeting and Types of Personal Budget

Budget can mean different things for different people, but in each case, it is used as an effective tool for achieving a wide range of short and long-term financial objectives. Contrary to popular belief, budgeting is not a cut-and-dry, one-size-fits-all process. Rather, it needs to...

My Interest in Finance Studies and Career

Right from my day one as an undergraduate in Project Management Technology, I have been searching for answers, clues on what to make out of the discipline I was offered as against Electrical Electronic Engineering I applied for. The answer did not come until in...

• Academic Interests
• Corporate Finance

Romanticism and Western Industrialization: The Evolution of Creative Freedom

When it comes to discussing or learning about Romanticism, it is automatically taken with care and respect as everyone can acknowledge this is the basis of society, classic. And that is exactly what is being relayed in the writing of the text. The literal title...

• Industrialization
• Romanticism

Budgeting Technique to Build a Stable Financial Future

There’s nothing like the feeling of independence of when you’re in college, but since it’s the first time away from home for many, This is the time when most young people use their first debit/credit cards, take out their first loans, and write their first...

Tragedy of the Common: The Economic and Ethical Use of Natural Resources

Introduction The issue of whether the environment should be protected for economic rather than ethical reasons has been widely debated in our community recently. It is an important issue because it concerns fundamental moral and economic questions about the way we ensure sustainability of the...

• Natural Resources
• Tragedy of the Commons

Tragedy of the Commons: Excessive Use of Finite Resources

When talking about political ecology, we can find many theories to explain complex findings. According to Osborne, political ecology is not only limited on a local or national level, but it is focusing on environmental issues around the world. (Osborne, 2015, p. 67). The world...

The Worrying Issue of Globalization and Tragedy of the Commons

Globalization as its defined is the process by which businesses or other organizations develop international influence or start operating on an international scale, however the word’s used today has developed to include more than just business. It can be used to define the movement of...

• Globalization

The Consequences and Effects of Tragedy of the Commons

“An overpopulated world, a system of the commons leads to ruin....Even if an individual fully perceives the ultimate consequences of his actions he is most unlikely to act in any other way, for he cannot count on the restraint his conscience might dictate being matched...

• Population Growth

Real Estate Agent: What Are His Responsibilities

A real factor helps sell, purchase or rent property to folks. The property includes residential, commercial, and industrial real estates. Anyone should buy a house while not a property agent. However, involving associate degree agent is advantageous. assets agents handle the work and licensing thence...

• Real Estate
• Real Estate Agent

What Should Be a Real Estate Agent

Selling or buying a home single handedly is frustrating. You may vigorously be in pursuit of prices forgetting other vital considerations. Hiring a real estate agent can help you make the most satisfying decisions. With the vast knowledge they have, they can efficiently market your...

What Is Globalization For Today's World

Globalization is the cost-free movement of individuals, goods, and also solutions throughout boundaries. This activity is handled in a linked as well as incorporated manner. Even more, it can be seen as a system to open the global economic climate along with the connected growth...

• Globalisation

Why Agriculture Is Important Field

Imagine not being able to eat your favorite food, or not being able to go to your favorite restaurant, or not being able to have Thanksgiving or Christmas feast with your family or being able to go trick or treating. The question that connects this...

• Agriculture
• Factory Farming
• Organic Farming

Why The Rich Are Getting Richer And The Poor Poorer

Note by rich we are not talking of those who steal or corrupt individuals , we are referring to genuine business men and women. One question that keeps bothering the minds of people is : why the rich are getting richer and the poor, poorer,...

• Income Wealth Gap

Cost of Wealth: Should Rich People Pay More Taxes

Should the rich pay more taxes? When it comes to the richest 10 percent and the average American, they are some clear differences, but the most obvious issue is taxes. When looking at this problem from an economic standpoint, it makes sense that they pay...

• Money and Class in America
• Wealth of Nation

The UK Housing Crisis and Forms of Market-Based Housing Provision

The UK housing crisis is an intensely debated issue which has been at the forefront of many political, academic, and media debates. It can be attributed to over three decades of neoliberal housing policy, the ramifications of which are more far reaching than anyone could...

• Housing Market

Attitudes Towards Consumerism in Contemporary Art

In this essay I will be using information gathered from my own personal research, studio research and relevant topics discussed throughout the lectures. Whilst also, considering social, economic, and cultural factors. I will be discussing and analyzing attitudes towards consumerism in Contemporary Art. Built from...

• Art History
• Consumerism
• Contemporary Art

Growing Global International Threats and Defense Strategies

Henry Kissinger was not entirely incorrect when he said “today’s threats more frequently arise from the disintegration of state power and the growing number of ungoverned territories.” However, there are currently several threats are reemerging in the world from a strengthening of power. Some of...

• International Politics
• International Relations

The Characteristics of a Consumer Society in the UK by Zygmunt Bauman and Sharon Zukin

From around the 1970’s and 1980’s, the society in the UK shifted their economy from one focused on industrial, mass production and consumption to a more services-based society characterised by what it consumed. Since then, society has become defined not only by what it consumes...

Cost-Benefit Analysis and Individual’s Willingness to Pay

Economic methods such as Cost-Benefit Analysis (CBA) are used to aid decisions, many of which encompass natural resources and environmental problems. Approaches including Contingent Valuation (CV) may be used to provide a monetary value to these cost/benefits. In the context of the question, the lack...

• Cost Benefit
• Mercantilism

The Role of Creative Industries in the United Kingdom

In this essay I will go over and talk about the creative industries and the role they play in the United Kingdom, I will look at the history and the development of the Creative Industries and their sectors. I will then look at the wider...

• Great Britain

Gold: One of the Most Expensive Metals on Earth

Being one of the first metals to be discovered, gold throughout history has always had a rich past from its use in ancient Egypt, Greece, Rome and Africa. It has been used within their culture for thousands of years, and has been essential to their...

Baby Boomers vs Others: The Interesting Generation Gap

You would see Baby Boomers complaining about millennials whereas the silent generation also had complains about Baby Boomers and vice versa. It seems to be going on since the start of mankind. Infact, the generations that have existed uptil now had some differences among them....

• Baby Boomers

Cultural Capital: Main Topics of Conflict

Capital - 'accumulated labour' Economic Capital - easily translated to money Social Capital - made up of social connections that can be transformed into economic capital Cultural Capital – in the form of books or writings, can be institutionalised through the education system The ability...

• Cultural Capital

The Poisonousness of Gift as an Expressive Mode for Group Morality

It is interesting to note the menace implied in the etymological origin of “gift” (in German’s case, “Gift” as every single common noun is capitalized) in Germanic languages German, Dutch, Danish and Swedish and other linguistic relatives such as French and Greek, Old Norse etc....

• Gift Card Industry

The Persistence of Mutual Fund Performance in Europe

The starting point of our analysis is the model of Berk and Green (BG), who characterize the competitive provision of capital to mutual funds. In their model, investors learn about managerial ability from past returns and demand shares of all funds with positive expected risk-adjusted...

• International Business
• Persistence

An Important Fading of the Trade Union Programmer

The workplace production of forums by the I.RA in South Africa was meant 'to enable a shift, at the workplace, from adversarial! Shared negotiating to joint problem-solving and participation on certain matters. This attempt met with strong resistance from the trade unions, which were afraid...

• Trade Union

Non-profit and For-Profit Organizations

Non-profit and for-profit organizations share similarities and also have their differences. For-profit organisations stray far from non-profit organisations in their motives; for-profits are driven to boost revenue where non-profits hold more selfless motives and won’t suffer financial difficulties or loss. This difference flows into their...

• Non-Profit Organization
• Organization

The Creation and Commercialisation of Chewing Gum

The idea of chewing gum was evident long before the creation and commercialization of what we know today as chewing gum. Within groups such as Mayan Indians, early American Indians, and the ancient Egyptians, it was popular to chew tree resins, sweet grasses, waxes, and...

• Chewing Gum
• New Product Development

Banking Institution and Financial Market

Traditional banks have been the key players in the financial market, building customer base; on trust, loyalty, capability and efficiency. Customers see these banks as the best and only option to transact in the financial market- the back-end system that drives the banking institution, which...

Implementation of the 1994 North American Free Trade Agreement (NAFTA)

Essentially every major event and political shift in history has been the product of various triggers building up to their occurrence, and in Mexico’s history, this holds true. In this essay, I will discuss the main factors behind the conception and implementation of the 1994...

Numerous of Oligopoly Firm and Market

In this era of competitive market, there are numerous of oligopoly firm that located at every country. In Malaysia, one of the well-known oligopoly company is TESCO, it is a British multinational retailer that founded in 100 years ago, which is 1919 in England by...

Dynamics of Landscape Transformation During Coal Mining

In some cases, between the first stage and the subsequent development of mining operations, some time delay may occur due to organizational, economic, and other costs. During this time, the transformed landscape can catch time and grow vegetation, until the appearance of thickets of woody...

• Anthropology
• Coal Mining

Johnson & Johnson Project Plan Outline

The Johnson & Johnson Project Plan Outline will address how the company can improve its negative impact by developing products using green and natural ingredients that are not harmful to the consumer, products that have no carcinogens, most of Johnson and Johnson’s litigation originate as...

• Corporate Culture
• Johnson and Johnson

Purpose of Financial Information from the Perspective of Various Shareholders

A stakeholder is either an individual, group or company who is affected by the result of a task. They have an enthusiasm for the achievement of the project, and can be inside or outside the association that is supporting the task. Stakeholders can be internal or...

• Cost Accounting
• Stakeholders

Equity as the Quality of Being Fair and Impartial

Many people think these two words are the same, and others refuse to agree with that type of logic, but the real thing that defines both words are how people act with them. The definition of equity is the quality of being fair and impartial...

The Effectiveness of Internal Audit Control

This piece of writing is about the proposal of the research where the topic is evaluation of the effectiveness of internal audit control and its impact on profits in UAE banking sector, case of ADIB. The proposal will give brief information on the future target...

• Internal Control

Ronald Reagan's Speech On Capitalism And Communism

Reagan's speech was delivered to crowd of thousands while at the Berlin Wall to order Gorbachev bring the wall down to protect citizens freedoms. By arguing against the wall, the president would be able to repress communism which is what George Kennan attempted to do...

• Ronald Reagan

The Different Ideologies Of Capitalism, Socialism And Communism

The two belief systems are altogether different, they are both financial frameworks dependent on how society should function and its objective. Free enterprise depends on the normal challenge of creation in ventures and ranches for instance while communism is driven by balance with various classes....

Too Much Money Is A Bad Thing: Controlling The Money Demand

Recent advancements in information technology and technical innovations in general have revolutionized trade and commerce and contributed to existing literature in the modern world. High-speed and low-cost data transfer that was made possible by information technology, created an excellent platform for e-commerce to grow rapidly....

Life In Canada Is Better Now Than 50 Years Ago

The first criterion for which Canada would be considered a better country are the voting rights. It allows the country to be better represented, as everyone eligible has the opportunity to vote. In the past, certain races, as well as women, were discriminated against, and...

The Costs Of Moving Towards The Cashless Society

With rising advancements in technology, the move towards a cashless society is progressing where transactions are done using electronic devices. There are diverse views towards a cashless society where analysts stressed its advantages while those who are unfavourable of it mentioned the negative impacts it...

• Modern Society

The Issues Of America: Capitalism Vs Communism

Following quite a while of being a verboten belief system, communism is presently being proclaimed as an answer for the issues of America. Many in the broad communications, lawmakers both old and new, surely understood online life characters have all been vocally for the United...

The Credit Card Debt Pressure And Stress

The use of credit cards has advantages and disadvantages, depending on the pattern of use of the consumer. The prudent and correct use of a credit card reduces individual liquidity risk and provides additional resources. However, credit card expenditures unconscious and over-budgetary limits may cause...

• Credit Card

The Goals Of Mexican Revolution

Revolutions are supposed to bring changes, but do you think the Mexican Revolution was truly useful? Civil wars have occurred throughout history, trying to achieve a change, either a positive or a negative. For example, we have the Russian Revolution, where the Bolsheviks, led by...

Does Hard Work Really Pays You Off In Philippines

Most of us believe that when we work hard, we will be successful -- no matter how you define success. But we believe in a lie because, in reality, that’s not how it works. Not all people who give so much effort, time and dedication,...

• Philippine Economy

The Debate About Socialism And Capitalism Among Young People

People should be able to keep what they earn, simple as that. Capitalism, although slightly drastic at times, supports that idea without question. However, an abundance of people strongly believe in socialism: the idea the everything is “fair and equal” and the government provides the...

• Political Philosophy

Karl Marx's Criticism Of Capitalism And View Of Communism

Marx criticized capitalism and proposed a solution for a better and stronger economy system, a system that will make our future safer where no one is lift behind (communism). Karl was not a big fan of capitalism because he saw how the workers are being...

Young Britons Living With Parents, Not Alone Over The Lack Of Affordable Homes

 More than a million young men and women in age 15 to 34 are living with their parents as per an analysis by the Think tank Civitas. In 1999, 35 percent lived with parents, and in 2017, 40 percent in the age group, 15 to...

• Affordable Housing

The Experience Of Living Alone For The First Time Or Away From Parents

In the article “Living alone is living the dream – but it can be a nightmare too” written by Ruth Spencer, she describes her experience of living alone and what “side effects” it has caused. After breaking up with her boyfriend with whom she had...

Robber Barons And Captains Of Industry: Heroes Or Villains

Throughout history, there were many men and women that changed the United States. Some people were able to find ways that helped the United States grow exponentially and others made America decline in growth. People today call them Robber Barons. When you hear the words...

• John D. Rockefeller

The Debate On Capitalism And Communism Under Karl Marx's Philosophy

No one would be opposed to a world without poverty, but this is a tough concept to imagine. What most people fail to realize is that a world without poverty is not as far out of reach as most might think. Communism is an economic...

The Advantages And Disadvantages Of Gas Cars Vs. Electric Cars

Introduction Is there ever a time that business should have precedent over the environment? Businesses of different types have been around since man’s beginning, and they have proven to be beneficial and profitable and at other times harmful and unfavorable. In the movie Hoot, a...

• Electric Car
• Electric Vehicle

J. P. Morgan And John Rockefeller: Robber Barons And Captains Of The Industry

The period from 1865 to 1900 was one of the fastest changes in United State History politically and economically. Captains of Industries might say that the Gilded Age was a period of economic prosperity and political equality for all Americans. However robber barons gained huge...

The Battle Of Two Political Theories: Capitalism And Socialism

“Socialism never seems to have any theory of wealth creation, only fanciful schemes for its reallocation,” so why do some economists favor socialism over capitalism if there has not been any sustainable wealth creation over the years and instead economic destruction (Reed). Whether or not...

Consumption And Randomness In Don Delillo’s Novel White Noise

Much like other postmodern novels, author Don DeLillo has integrated randomness into his novel’s form as well as its overall content. White Noise’s main character, Jack Gladney’s, stream of consciousness is often interrupted by his television, which is almost always streaming some sort of daily...

Underground Construction Practices And Their Impact On Health And Safety

Background The first tunneling was likely done by prehistoric people for the purposes of enlarging their caves (“Tunnels and Underground Excavation”, 2018). It wasn’t until the growth of Europe’s transportation needs during the 18th century, which resulted in major railroad expansions, was increase in tunneling...

• Construction
• Underground

Overview Of The Earliest Work On New Keynesian Phillips Curve

John M Roberts is a doctorate from Stanford University and currently an adviser at the Federal Reserve. He published the earliest article on New Keynesian Phillips Curve in the Journal of Money, Credit and Banking in the year 1995. He is one of the New...

• Keynesian Economics
• Macroeconomics

The Tale Of The London Whale Scandal And How It Affected Jp Morgan

“Call me Ishmael” is the famous opening line to the great American novel Moby Dick. Written in 1851 by Herman Melville, the story is a cautionary tale that focuses on the vengeful Captain Ahab, skipper of the whaling ship Pequod, and his fatal quest to...

Definition Of Crowdsourcing And Its Impact On The Pharmafx Company

Crowdsourcing is a new concept of organizational cited by the company, which is came up with new ideas from people other than employees and the acquisition, selection, evaluation and integration of ideas within the company. This essay discusses the impact of crowdsourcing in the form...

Positive And Negative Impacts Of Increased Gas Prices In The U.s.

In 1929, our nation suffered throughout what we call, The Great Depression. This lead an influnctuation throughout the world, creating gas prices to increase. Gas prices have recently changed massively all around our society; making no other option but to consume the gas, for it...

• Transportation

Canola Oil Trade Agreements' Benefits And Impacts On Americas And Other Nations

This report is based on planning to expand the business of Canola products to the other parts of the Americas. It comprises of summary about few trade agreements and which will suitable for expanding our business. Canada-Costa Rica Free Trade Agreement (CCRFTA) The Minister of...

Advantages And Disadvantages Of Full-cost-plus And Marginal Cost Pricing Method In Product Price Calculation

This report will discuss management costs that influence pricing decisions as well as to argue “the cost-based pricing” approach, which is one of the easiest ways to calculate the price of a product. Normally, management teams make these crucial pricing decisions. If the price is...

• Marginal Cost
• Pricing Strategy

Best topics on Economics

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6. Public Debt and its Sustainability: Literature Analysis

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Macro Economic Essays

These are a collection of essays written for my economic blogs.

Exchange Rate Essays

• Effects of a falling Dollar
• Why Dollar keeps falling
• Discuss Policies to Stop the Dollar Falling
• Does Devaluation Cause Inflation?
• Benefits and Costs of Falling Dollar
• Reasons for Falling Dollar
• The Dollar as the World’s Reserve Currency

Economic Growth Essays

• Evaluate Benefits of Economic Growth
• Essays on Recessions
• Causes of Recessions
• Problems of Recovering from a Recession
• What can Increase Long-Run Economic Growth?
• Discuss Effect of a fall in the Savings Ratio

Inflation Essays

• Discuss the Difficulties of Controlling Inflation
• Should the aim of the Government be to Attain Low Inflation?
• Explain What Can Cause a Sustained Increase in the Rate of Inflation
• Reasons for low inflation in the UK
• Inflation Explained
• Difficulties of Inflation targeting
• Hyperinflation

Unemployment Essays

• Explain what is meant by Natural Rate of Unemployment?
• Should the Main Macro Economic Aim of the Government be Full Employment?
• The True Level of Unemployment in the UK
• What explains low inflation and low unemployment in the UK?

Demand Side Policies

• Discuss effect of Expansionary demand-side policies on Balance of Payments and Environment
• Effects of a Falling Stock Market
• How do Mortgage Defaults affect and Economy?
• Discuss the effect of increased Government spending on education
• Phillips Curve – Trade-off between Inflation and Unemployment

Development Economics

• Why Growth may not benefit developing countries
• Does Aid Increase Economic Welfare?
• Problems of Free Trade for Developing Economies

Fiscal Policy

• Will US Economy benefit from Tax Cuts?
• Can Fiscal Policy solve Unemployment?
• Explain Reasons for UK Current Account Deficit
• Benefits of Globalisation for Developing and Developed Countries

Monetary Policy

• Discuss Effects of an Increase in Interest Rates
• How MPC set Interest Rates
• Benefits of High-Interest Rates (and recessions)
• Who Sets interest rates – Markets or Bank of England?

Economic History

• Economics of the 1920s
• What Caused Wall Street Crash of 1929?
• UK economy under Mrs Thatcher
• Economy of the 1970s
• Lawson Boom of the 1980s
• UK recession of 1991
• The great recession 2008-13

General Economic Essays

• The Dismal Science
• Difference Between Economists and Non Economists
• War and Recessions
• The Economics of Fear
• The Economics of Happiness
• Can UK and US avoid Recession?
• 3 Of the Worst Economic Policies
• Overvalued Housing Markets
• What Went Wrong with US Economy?
• Problem with Bailing out financial sector
• Problems of Personal Debt
• Problem of Inflation
• National Debt in the UK
• How To Survive a Recession
• Can A recession be a good thing?

Chinese Economy

• Problems of Chinese Economic Growth
• Should we worry about a strong China
• Chinese Growth and Costs of Growth
• Chinese Interest Rates and Economic Growth

Model essays

• A2 model essays
• AS model essays
• Top 10 Reasons For Studying Economics
• Inflation explained by Victor Borge
• Funny Exam Answers
• Humorous look at Subprime crisis

• Environment
• Information Science
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• Cause and Effect
• Classification
• Compare and Contrast
• Descriptive
• Exemplification
• Informative
• Controversial
• Exploratory
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• Length of an Essay
• Generate Ideas
• Types of Essays
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• Thesis Statement
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Essays on Economics

Writing an economics essay is fairly tricky. When writing economics essays you should do comprehensive research first. It would be good to remember that economics is not an abstract science, but something all people encounter daily – while shopping or calculating a family's budget for a month. If you search essay samples online, you will notice that most essays on economics are bland and overly scientific, which makes them hard to read. When writing an essay you should try to present information in an entertaining and easily digestible way – this way your work will help people understand the subject better. Would you like to see some examples? You can find a bunch of economics essay samples below.

Workplace diversity refers to the hiring of employees from various races, cultural backgrounds, and gender. In the past two decades, most companies around the world have incorporated inclusivity as a part of their corporate culture and this has been vital in enhancing their financial performance and market sustainability. Additionally, diversity...

Words: 1467

Work Groups are an important organ in any given organization. These units bring together individuals from different socio-cultural, political and economic divides. This enables the Work groups to bring together a wealth of knowledge so as to mitigate on issues and challenges faced at places of work. (Gary Daniel, 2017)....

Words: 1924

Work design and its Impact Work design is an elemental function of an organization s human resource management. Its concepts are geared towards how the nature of work affects the employees attitudes and behaviors, particularly their autonomy and skill variety. Job design aims to improve the satisfaction of job, quality,...

Words: 1862

Within the corporate domain, most multinationals and SMEs have realised that organisational control is very important to the existence because it provides the necessary managerial functionalities to keep the corporation fully functional. Organisational control has ensured that that is the responsive application of the company's strategic goals while ensuring that...

Words: 1850

Wine trading, production, and consumption have in the past decade undergone significant development. The growth in the international wine trade is an indication of the ever-improving consumer demand across the globe. During the 2007-2008 global financial crises, the wine market around the world declined by an estimated 3.7% and this...

Words: 3148

While the upsurge in the smartphone ownership has supported the utility of technological advances in the taxis industry, there is lack of awareness of how the platforms can improve taxi services in the metered taxi business. However, the gains of the Transportation Network Companies verify the advantages, thus the need...

Words: 3873

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Wal-Mart is a multi-national retail corporation based in Bentonville, Arkansas in the USA. With over 500 billion dollars in revenues, it is the world’s biggest retailer company and also happens to be the largest private employers with a total of 2.3 million employees. Wal-Mart operates hypermarkets, discount department stores, and...

Words: 1811

United Airlines has faced scandals that put its image in question. The most famous one is the case involving the forceful removal of David Dao from an airplane and the pet incident. The paper provides an analysis of the two situations, their effect on the company’s reputation, and the role...

UK housing industry has improved tremendously over the last decade. The industry has expanded and increased its capacity, making home ownership affordable for a large segment of the population. Even though provision of housing facilities has risen in the past, high house prices continue to plunge individuals into huge debts...

Words: 4779

Transformational Leadership and Employee Motivation Transformational leadership has been associated with positive organizational outcomes on different levels. In the employee context, for example, research evidence has on numerous occasions shown a strong positive link between this leadership style and employee motivation. While many other factors come into play in the performance...

Words: 1823

Toxic leadership is caused by lack of self-confidence, lack of self-awareness and shortage of self-awareness. The consequences of destructive leadership are dire and can even lead to a downfall of an organisation. Employing a qualitative analysis approach, with secondary data to analyse the tell-tale signs of a leader with such...

Words: 1011

To what extent are Consumers Ready for a Fully Autonomous Restaurant? An Examination of Consumer Acceptance of automated service technology in the Restaurant Industry. Literature Review The foundation of technological innovation and advancement across the globe and the various industries is to increase efficiency in daily human activities and increase the individual...

Words: 1395

Topic in this Subject

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A2 economics

Sample essays, 7.0 the price system and the microeconomy , 8.0 government microeconomic intervention , 9.0 the macroeconomy  , 10.0 government macroeconomic intervention , 11.0 international economic issues .

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Sample Statement of Purpose Economics (accepted to Harvard, Princeton, Yale)

by Talha Omer, MBA, M.Eng., Harvard & Cornell Grad

In statement of purpose.

The following statement of purpose is written by an applicant who got accepted to top graduate programs in economics. Variations of this SOP got accepted at Harvard, Princeton, and Yale. Read this essay to get inspiration and understand what a top economics school SOP should look like.

You might also be interested in reading this Sample Personal Statement in economics that got admitted to Oxford, Cambridge and LSE.

Sample Statement of Purpose Economics

I was the third daughter born in 1984 to parents hailing from a conservative joint family setup. True to its South Asian values, the family believed that only the birth of boys meant a continuation of the family name and its legacy. This was in stark contrast to the birth of girls, which only meant the loss of family land and property to ‘outsiders’. Hence, it was not out of place that my birth was marked by dirge having undertones of regret.

The neighbours could not but shake their heads in solidarity with the paternal side of my family. All the while, my mother cuddled me lovingly, dreading the onslaught of shifting responsibility from the Y chromosome’s failure to solely hers. However, I had one advantage, even as a female, which put me ahead of my male counterparts. My family was economically sound. This meant I could afford an elite education accessible only to the top 1-2% of the country’s hundreds of millions of people.

As I grew up, I witnessed a pronounced difference in the treatment meted out to boys and girls both in the private (home or school) and public (parks or supermarkets). This inequity was reinforced through mass media, cultural stereotypes, and the continuous tightening of the public space available to females. The prevalent discriminatory and misogynistic phenomenon became all the more disconcerting as soon as I was able to read the newspaper. The pages that stared at me were filled with violence against women for various reasons, from family honour to stepping out of the house for a job. The public space for women was advanced but only in its constriction.

I was fortunate to be educated in a co-ed school and free to socialize with men as much as with women. However, with its nuanced mores and tacit calibrations, the social milieu was indicative of socially acceptable behaviour and left an indelible mark on me. Yet it was not until my undergrad that I decided to mindfully pursue the agenda of women empowerment. My interest precipitated when I took a few humanities courses in which my thesis highlighted the plight of women – the socio-economic disadvantages caused by society’s apathy and continued discrimination.

My resolve was further cemented when I got selected for the prestigious civil service on a seat reserved for women. As a catharsis to my journey, I want to contribute to women’s empowerment by promoting gender mainstreaming across all sectors and in particular.

My country of today is much better placed to cater to the growing needs of the modern woman; as if an ode to this blossoming, my career has rivalled it. I was the youngest and only female member of the team in the Ministry of Finance that committed to introducing Gender Based Budgeting (GBB). I strived to introduce GBB at the grass-root levels as part of fiscal reform conditions of the World Banks’ economic reforms advice. With women entering the workforce in droves, GBB is bearing results as I witness the earmarking of funds for females in the Government’s annual development plan.

As I continue this journey, I want to be a trailblazer who, if not breaks, seeps through cracks in the glass ceiling in a workplace dominated by male “sahibs”. I am accomplishing this in my current Ministry of Economic Affairs job by solarizing around 7,000 primary schools for girls. In addition, I have been managing $100 million under the ADB’s Access to Clean Energy Investment Program. Moreover, I have recently got five schemes approved worth $60 million for women’s economic empowerment. The money will go into women’s skill development, gender mainstreaming, and regulation of safe living spaces for women with daycare facilities.

During these years, I served on the anti-Sexual Harassment Committee in the Establishment Division – Human Resources government. Here I have prudently processed two cases, resolving one case where both parties amicably came to an understanding. I have volunteered for the same role in my current organization as well.

As I go forward, I want to pursue a graduate degree specializing in energy economics. I want to carve a niche in an area hardly known for women leaders. I plan to harness a sustainable economic policy for renewables to provide affordable and sustainable energy for women who are running small businesses and who are purusing education.

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Sample SOP for Business Analytics

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The following statement of purpose is written by an applicant who got accepted to Harvard's master’s programs in public health. Harvard's MPH program requires a 600-word statement of purpose that covers the following points: Academic and/or professional preparation...

Sample Statement of Purpose in Public Health (MPH)

The following statement of purpose is written by an applicant who got accepted to several top master's programs in public health. Variations of this SOP got accepted at Rutgers, and Chicago. Read it to understand what a top SOP in MPH should look like. Example...

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Example 15 mark essay in style of IB Economics Paper 1

How should you structure a 15 mark question? 

Because of multiple requests from students, I have created a 15 mark model answer in style of IB Economics paper 1. 

This is based on the new IBDP Economics syllabus.

For 24 model answers to 15 mark paper 1 questions, check out the links below:

For more exam tips for IB Economics HL, check out the links below:

Question for model answer

Here is a practice question I have created:

Using real world examples, evaluate the effectiveness of contractionary monetary policy in reducing inflation (15 marks)

Brief essay plan

Here is a quick plan:

• Point 1: Effect of higher interest rates on consumption, investment and AD and hence inflation.
• Evaluation 1: But this depends on the importance of interest rate decisions for (consumption /) investment decisions.
• Point 2: Effect on exchange rates and net exports 
• Evaluation 2: But depends on what happens to other interest rates around the world e.g. US rising rates.
• Point 3 (optional): Effect of quantitative tightening (opposite of quantitative easing) on investment and AD and hence inflation.
• Evaluation 3 (optional): But this depends on the level of spare capacity.
• Examples: UK interest rate rises / inflation, US interest rate rises, UK quantitative tightening.

Example model answer

Contractionary monetary policy includes raising interest rates and reversing quantitative easing. Interest rates are the cost of borrowing and the reward from saving. Interest rates are currently rising in the UK in response to high inflation.

Higher interest rates are likely to reduce aggregate demand. Interest rates increased from 0.25% to 3% in the UK over 2022. Higher interest rates increase the reward for saving, increasing the incentive to save. So saving increases and consumption falls. Higher interest rates increase the cost of borrowing, so consumers who borrow e.g. with a mortgage face higher bills and so are more likely to cut consumption. As a result of higher borrowing costs, firms are less likely to borrow to invest, which reduces investment. As consumption and investment are components of aggregate demand (AD=C+I+G+X-M), AD falls and shifts left from AD to AD1. There could also be a negative multiplier effect, where a one off fall in AD leads to a further fall in AD and real GDP, as shown by the shift left in AD from AD1 to AD2. This is because, for example, reduced investment means reduced profits for other firms, who cut workers’ wages. Workers then go on to cut their own consumer spending, reducing the incomes for local shop owners and so on. This means real GDP falls from Y to Y2 and there is a decrease in the price level from PL to PL2. This is likely to reduce the rate of inflation.

But this depends on the importance of interest rate changes for consumption and investment decisions. For example most mortgages in the UK are fixed rate mortgages rather than variable rate mortgages, with 82%  of mortgage borrowing on fixed rates in the UK. Those on fixed rate mortgages may face less of an immediate increase in mortgage borrowing costs as interest rates rise, as the rates are likely to have been fixed in advance of the rate rise. Though many fixed rate mortgages may be short term, so these fixed rate mortgages are likely to be renewed with updated rates, with most mortgages expected to be renewed before 2025. While some mortgage holders may be protected in the short run, higher interest rates are likely to have a significant effect through mortgage costs.

A higher interest rate, relative to rates in other economies, leads to a higher rate of return on assets or savings in the UK. This leads to hot money flows into the UK economy. To buy UK assets or to put money in a UK bank, international investors are likely to need to convert currency into pounds. This increases demand for the currency, which shifts right from D to D1 leading to an appreciation of the pound from P to P1. This makes exports more expensive and imports cheaper, reducing export demand and increasing import demand. Provided the Marshall-Lerner condition holds, that the PED of exports and the PED of imports sum to 1 or more, this will result in reduced net exports, leading to lower AD as net exports is a component of AD. This will cause reduced real GDP and reduced employment because demand for workers is derived from demand for goods and services. Employment is most likely to fall particularly in industries that export heavily, such as gold, cars, airplanes, pharmaceuticals and oil – these exports account for nearly 28% of UK exports.

But this depends on what happens to other interest rates around the world. At the same time, we have also seen rising interest rates in the US, as the Federal Reserve central bank also tries to control inflation. This means there may be less of a difference in the US and UK rates of return, reducing the likelihood of significant hot money flows to the UK as a result of higher interest rates. Indeed we have seen increased strength of the US dollar relative to the pound in September 2022, which may have resulted from hot money flows into the US. So higher interest rates in the UK are unlikely to have a significant  positive effect on net exports.

Quantitative tightening is the reverse of quantitative easing. Quantitative tightening means the central bank, for example the Bank of England, sells government bonds  (that it had previously purchased with digitally created money). This increases the supply of government bonds, reducing their price and increasing their quantity. Reducing the bond price raises interest rates on government bonds. Bondholders such as commercial banks now receive a higher return on holding bonds relative to giving out loans. This means banks buy more bonds, leaving reduced cash available for lending, and so commercial banks reduce the supply of loanable funds, reducing the amount of total investment in the economy. This will reduce aggregate demand and hence inflation.The total value of assets under the quantitative easing scheme in the U.K. reached £895 billion. The Bank of England plans to engage in quantitative tightening of about £80 billion in 2023.

But this depends on the position of the economy on the Keynesian LRAS. If the economy has high spare capacity, then the economy is on the horizontal part of the Keynesian LRAS curve. This means a shift left in AD leads to a significant fall in real GDP and little change in inflation. The Bank of England currently judges there is little spare capacity in November 2022 but over the medium term weak demand is likely to mean higher spare capacity. So in the medium term quantitative tightening may have less of an effect on reducing inflation.

Overall contractionary monetary policy is likely to reduce inflation, reduce real GDP and reduce employment. While the direction of the effects is mostly clear, the magnitude is less clear. The most important effect is through the mortgage market, which is likely to be larger in the medium term rather than the short run as consumers renew their fixed mortgages. The effects of contractionary monetary policy also depend on the stance of fiscal policy. If fiscal policy is expansionary, e.g. increased government spending without higher taxes, then this may negate the effect of contractionary monetary policy on inflation. As interest rates rise in the UK, fiscal policy was briefly expansionary with announcements of tax cuts and spending on the energy support scheme, yet the fiscal policy has become less expansionary under Chancellor Jeremy Hunt, with tax rises for example on middle and higher earners announced. This means monetary policy is likely to be more effective in reducing inflation.

This answer features detailed analysis, with use of graphs.

There are real world examples throughout. Here I have mainly focussed on the UK example. But you can tailor your answer to another country.

For data on the UK economy, I recommend two sources: Trading Economics and the Bank of England’s monetary policy reports .

There is also  evaluation and a solid conclusion.

There are also some definitions of key terms where relevant.

This answer would likely score full marks or close to it.

Other questions

How many words / how much time for a 15 mark question in ib economics paper 1.

The word count is somewhat arbitrary – it depends on how succinctly you can express ideas.

Given the time limits in the exam, most top 15 mark answers I observe reach a word count between 700 and 1100 words.. 

I recommend spending 45 minutes on the 15 mark question. I also recommend a quick plan in this time (just so you know the points, evaluation and example(s) you will use.

Note the timing and requirements may be different for questions in papers 2 and 3.

How should I structure a 15 marker for paper 1 IB?

• Introduction
• Point 1 (analysis and example) 
• Evaluation 1 
• Point 2 (analysis and example)
• Evaluation 2
• [Optional: third point and evaluation, depending on length of first two points].

How do you write conclusions in IB Economics?

There are a few key steps for conclusions:

• Pick a side / answer the question!
• Justify your decision.
• Bring in context.
• Bring in  one other evaluative point on which your answer may depend.

What are the most common mistakes to avoid?

• Forgetting application – make sure to revise your real-world examples. Include your real world examples in your plan.
• Forgetting evaluation or not knowing the evaluation points to write . Practise the most common evaluation points. Here for example, spare capacity is a key evaluation point you can use for any AD shift. 
• Analysis issues in particular graph sketching . Practise graphs so that you have the key graphs memorised. This includes supply and demand, cost and benefit, cost and revenue, AS-AD and tariff diagrams. Analysis issues are harder to solve – you have to understand the content well and practise key chains of analysis for each key area of the course.
• Poor conclusion . A poor conclusion may just summarise the arguments already made (adding no value). Alternatively it may not answer the question given. Remember to start with a decision on the question and justify it. I recommend practising using the conclusion framework above.

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Helping economics students online since 2015. Previously an economist and economics tutor, I now focus on providing economics resources on tfurber.com . Read more about me here .