Core Economic Policies
Here is what you need to do for this assignment:
Write a summary of the core elements of your economic theory and explain the
following:
What economic policies would you suggest during a recession and during inflation in
the economy? (Should be specific, such as expansionary monetary and fiscal policy
by increasing government spending, cutting taxes and having the Fed drop interest
rates).
Would your theory encourage free trade or protectionism?
What kind of exchange rates would you recommend – free or floating exchange
rates, fixed rates or a managed float?
How will your economic theory deal with the issue of poverty? ( For example, trickle
down economics or expansion of government support programs, or other policies)
How will your theory differ from the following theories?
Classical Economics
New Classical Economics
Keynesian Economics
Post Keynesian Institutionalists
Marxist Economics
Trump Economics
Assignment Template
Cover Page
Introduction/Abstract of assignment
Core Elements of Economic Theory and Policy
Is It a market or government oriented theory/policy?
What specific economic policies you suggest for recession? For Inflation?
What kind of trade policy would you recommend?
What kind of exchange rate policy would you recommend?
What kind of policies to overcome poverty?
How your theory differs from the other major economic theories
Conclusion
References – Academic and general sources
………………………..Answer preview…………………………..Economics is a science that was discovered with the reason that it will help individuals in answering questions that concern life in a business world. In the study of economics, it involves how people use resources whether scarce or in surplus. In addition, economics can also help individuals make concrete decision concerning critical factors. On the other hand, economic theory is a well-formulated hypothesis that provides an outlet in economic based areas for the study of economic based issues………………………..