conclusion on economic growth essay

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What is Economic Growth

• Categories: Economic Development Economic Growth

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Words: 593 |

Published: Dec 18, 2018

Words: 593 | Page: 1 | 3 min read

Works Cited:

• Barry, S. (2010). “Do No Harm”: In Defense of John Q. Journal of Medical Humanities, 31(4), 345–358.
• Breen, J. (2015). John Q: A Question of Ethics. Journal of Religion and Film, 19(1), 1–19.
• Clouser, K. D. (2005). John Q and the Healthcare System: A Philosophical Analysis. Theoretical Medicine and Bioethics, 26(3), 203–216.
• Codey, R. (2002, February 21). Hollywood and Heart Transplants. The New York Times. https://www.nytimes.com/2002/02/21/opinion/hollywood-and-heart-transplants.html
• Delgado, R. (2002, March 22). John Q. Wall Street Journal.
• Filkins, L. (2002, March 10). Father Takes Hostages to Get Son’s Heart Transplant. The New York Times. https://www.nytimes.com/2002/03/10/movies/father-takes-hostages-to-get-son-s-heart-transplant.html
• John Q. (2002). [Motion Picture]. United States: New Line Cinema.
• John Q. (2018). In IMDb.
• McNamara, M. (2002, February 15). A Life-and-Death Crisis Gets Hollywood Treatment in ‘John Q.’ Los Angeles Times. https://www.latimes.com/archives/la-xpm-2002-feb-15-et-mcnamara15-story.html
• Pekmezovic, A. (2015). Movie John Q and the Socioeconomic Environment of Health Care in the United States. Serbian Journal of Management, 10(2), 249–259.

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Economic Systems, Markets and Politics pp 419–431 Cite as

Final Conclusion: Economic Systems, Markets and Politics

• Christian A. Conrad 2  
• First Online: 05 January 2023

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The economics, with their focus on a pure objective utility maximization, are far from human reality. Economic sciences are exclusively individually oriented. People decide in a social environment, which is why sociology is at least as important for behavior as psychology. The influence of the group (the company) or society must also be taken into account. All modern societies have institutions and organizations, giving them order, and instilling discipline in their citizens to behave in the manner socially desired. Norms, values and morality are important here, including attitudes towards the political and economic system. The attitudes of people in a society to the economically relevant activities have been paid as little attention by economic science as the existence of general economic knowledge.

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See Kydland and Prescott ( 1977 ).

Kydland, F. E., & Prescott, E. C. (1977). Rules rather than discretion: The inconsistency of optimal plans. Journal of Political Economy, 85 (3), 473–491.

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Conrad, C.A. (2022). Final Conclusion: Economic Systems, Markets and Politics. In: Economic Systems, Markets and Politics. Springer, Cham. https://doi.org/10.1007/978-3-031-10366-7_9

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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.

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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.

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Writing an economics essay serves multiple purposes:

• Demonstrate Understanding: Showcasing your comprehension of economic concepts and their practical applications.
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Short Essay About Economics

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Band 6 Economics Essay Examples

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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:

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• 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.
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Guest Essay

America’s Largest Minority Is Also Its Most Misunderstood

By Marie Arana

Ms. Arana is the author, most recently, of “LatinoLand: A Portrait of America’s Largest and Least Understood Minority.” She is Peruvian American.

History is being made on the Rio Grande. Hundreds of thousands of migrants braved the journey across it last year, setting records and contributing to an urgent border crisis. As spectacle, it has been transfixing.

Yet misconceptions abound. It’s as if the sight of a migrant scaling a wall or wading ashore is now a Rorschach test, our Rashomon. Depending on where we sit on the political spectrum, we perceive different truths: Some see a brown “invasion,” others an unremitting drug war, a humanitarian crisis, a political failure, a symptom of societal collapse. The politicizations are legion, and the distortions dire.

More than anything, these images cloud two key realities: Not all migrants crossing the southern border are Latin Americans; Chinese newcomers are now the fastest growing group coming in from Mexico. And most Latinos are not rootless, illegal transients — burdens on the society — as some citizens may think, but a force for American progress.

The majority of Latinos in this country were born here and are English speakers. Some of us have families who inhabited this continent long before the Pilgrims set foot on its shores. Hispanics have fought loyally in every American war since the Revolution. The Army’s eighth chief of ordnance, Brig. Gen. Stephen Vincent Benét, was Hispanic. The first admiral of the Navy, David Farragut (“ Damn the torpedoes, Full speed ahead! ”), whose commanding statue dominates Farragut Square only steps from the White House, was Hispanic. Roughly one out of every four U.S. Marines today is a Latino. Invasion, indeed.

We are Americans. We have served America since its foundation; we have contributed richly to its culture, its science. Little to none of that history is taught in American public schools; and in the media and entertainment industries, the image of the Latino has historically been roundly negative, if present at all. This, too, needs to change. A vigorous antidote to border fever is in order.

Take the economy. Research has shown that immigrant workers pay taxes and have a net zero effect on government budgets. Whether behind a pupusa stand or a polished desk in a major corporation, Latino workers occupy every rung of the economy and own a considerable stake in the financial success of this country.

Much of that work ethic and entrepreneurship has been spirited for centuries, starting with sixteenth-century traders in the Spanish settlement of St. Augustine, Fla.; or the first Dominican in Manhattan, Juan Rodríguez, who, by 1613, was trading weapons for furs and serving the Dutch as well as the Native Americans. In the 1800s, Mexican vaqueros, the continent’s first cowboys, trained an emerging class of white buckaroos, furnishing them with saddles, 10-gallon hats, chaps and lassos. A century later, during the 1950s and into the 1970s, waves of Cubans and Puerto Ricans arrived on the East Coast, bringing bodegas, paladares (family-run restaurants) and other vibrant Latino enterprises.

Within a generation, Wall Street analysts — and an American president — were marveling at the business acumen of Latinos. But the explosion in the years that followed was even more astonishing. Though Hispanic owners often have difficulty getting financing, in the decade from 2012 to 2022, their small businesses multiplied by 44 percent (more than 10 times the rate of other similarly sized businesses). This is an incursion of a different kind.

Surprisingly, almost 90 percent of immigrant Latino ventures earning at least $1 million a year are owned by millennials (people in their late 20s to early 40s) who came to the United States as youths. That is certainly true for the Argentine businessman Ezequiel Vázquez-Ger and his Venezuelan wife, Mafe Polini, who flew into Washington from their respective homelands when they were 24 years old and began at the bottom of the economic ladder. In time, they dreamed of owning a restaurant, used their savings to help fund their first, and ended up owning six establishments in the capital (one of them earning a Michelin star).

It is also true for José, a Honduran I interviewed for this piece, who asked me to drop his surname because of his undocumented status. After five serial deportations from both the United States and Mexico, José finally crossed the border as a teenager, started work as a lowly bricklayer, and now, at 43 and still without papers, owns his own home in a major American city, as well as a robust plumbing business.

The contributions — by those with families who have been here for centuries and those who arrived only last year — are monumental. Every year, Latino businesses generate about $800 billion for the U.S. economy. Few, if any, entrepreneurial groups in the United States have experienced as much growth.

But that doesn’t tell the whole story. Those small establishments — the housecleaning operations, construction companies, trucking enterprises, beauty shops, ethnic markets and restaurants from Manhattan to Los Angeles — employ millions. Hispanics were responsible for 73 percent of the growth in the U.S. labor force between 2010 and 2020. Today, if Latinos in the United States were their own separate nation, they would represent the fifth-largest G.D.P. in the world.

And yet there is that apparently majority impulse to think that a figure jumping a wall represents us. The lie now supersedes the reality. According to a 2021 poll , Americans of all backgrounds believe that the share of Latinos who are undocumented is more than two times as high as it actually is.

If Latino contributions to the economy are so ubiquitous, if our history on this soil is age-old and honorable, why are those perceptions so skewed? Why are the antipathies so profound? Why do non-Hispanic Americans incorrectly believe that one out of every three of us is deportable?

It’s not just racism. It’s our invisibility. Even as we fill the classrooms, feed the nation and help keep the economy afloat, too often, we are overlooked — unjustly erased from school curriculums, from the media, from corporate boardrooms, from history. Maybe it’s time for America to take a good look.

Marie Arana is the author, most recently, of “LatinoLand: A Portrait of America’s Largest and Least Understood Minority.”

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IMF Working Papers

The riskiness of credit origins and downside risks to economic activity.

Author/Editor:

Claudio Raddatz ; Dulani Seneviratne ; Jerome Vandenbussche ; Peichu Xie ; Yizhi Xu

Publication Date:

March 29, 2024

Electronic Access:

Free Download . Use the free Adobe Acrobat Reader to view this PDF file

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

We construct a country-level indicator capturing the extent to which aggregate bank credit growth originates from banks with a relatively riskier profile, which we label the Riskiness of Credit Origins (RCO). Using bank-level data from 42 countries over more than two decades, we document that RCO variations over time are a feature of the credit cycle. RCO also robustly predicts downside risks to GDP growth even after controlling for aggregate bank credit growth and financial conditions, among other determinants. RCO’s explanatory power comes from its relationship with asset quality, investor and banking sector sentiment, as well as future banking sector resilience. Our findings underscore the importance of bank heterogeneity for theories of the credit cycle and financial stability policy.

Working Paper No. 2024/072

9798400270765/1018-5941

WPIEA2024072

Please address any questions about this title to [email protected]