ECO 400 Week 4 Assignment 2 Applying Classical Ideas to Contemporary Economic Situations New Work
ECO 400 Week 4 Assignment 2 Applying Classical Ideas to Contemporary Economic Situations NEW
Select one (1) classical economist, and examine the fundamental tenets in the most well-known theories related to his / her body of work. Next, use the Internet to research one (1) of the following economic issues:
The housing bubble resulting in the 2008 financial meltdown
The slow economic recovery associated with persistently high unemployment
The growing budget deficit and public debt
Write a two to three (2-3) page paper in which you:
Summarize, in brief, the most influential tenets in the theory of the chosen classical economist.
Hypothesize the manner in which the selected classical economist would have approached and possibly solved the economic issue that you researched. Provide a rationale for response.
Use at least two (2) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
The specific course learning outcomes associated with this assignment are:
Summarize the evolution of the major economic schools of thought.
Explain the key economic principles in pre-classical, classical, and neoclassical economic theory, and their application in specific historical and social context.
Apply the concepts of various economic schools to contemporary economic and business issues.
Use technology and information resources to research issues in economic thought.
Write clearly and concisely about economic thought using proper writing mechanics.