Provide an overview of these fiscal policies and evaluate their effectiveness in the recovery after the Great Recession..
- President Obama used fiscal policy tools to prop up aggregate demand during the Great Recession. Provide an overview of these fiscal policies and evaluate their effectiveness in the recovery after the Great Recession.
- Discuss the short run and long run advantages and disadvantages of the bail outs of investment banks and corporations in response to the Great Recession.
- Explain how monetary policy was used in the recovery from the Great Depression. Analyze the effectiveness of this monetary policy action.
- Explain the fiscal tools available to the federal government. Explain the limitations and problems associated with fiscal policy. Explain the consequences of using them incorrectly. Finally, explain the relevance of a current fiscal policy proposal in your own life.
- Explain how globalization has changed the U.S. economy. Identify winners and losers, including the U.S. consumer in your analysis.
- When the economy is at full-employment, it can only grow further through technological advances and accumulation of capital. Thinking about the “creative destruction” process of capitalism, explain how education is a requirement for technological advances to lead us to growth. Explore the relevance of such a scenario in your personal life and in your job search.
- Discuss the use of deficit spending to respond to economic downturns. Evaluate the long-term consequences of deficit spending. Is our total deficit too high? Is this the right time in the business cycle to decrease spending? How might the deficit affect your future?
- Analyze the aging of the U.S. population and the financing of Social Security. What do you think should be done for the long-term benefit of the nation, senior citizens, and taxpayers to place social security on a sound financial footing going into the future.
- Explain the opportunity cost of not providing excellent early education. In your explanation define opportunity cost and explain the external benefits that result from educating someone else’s children.
- Create your own research topic based on your own interests. You can start by looking in newspapers or business journals about current issues in the macro economy. Focus on topics with a clear macroeconomic application such as: opportunity costs, scarcity, unintended consequences, supply and demand issues, and fiscal or monetary policy applications. When you start looking for macro paper topics, you’ll find they are everywhere!