This will be a test of your ability to grasp and synthesize main topics in economics. I expect your treatment of the topic to be thorough I am expecting to see your thoughts and ideas, not the so-called experts. The length of the paper should be no less than five pages in length, with at least 1,400 words, double spaced, Arial font (12 points) and must cite at least three sources. The cover and reference pages are not to be included in the page or word count of the paper.
Please select from one of the following topics (I expect you to thoroughly research and discuss one of the following topics. Cite your sources and use what you’ve learned in the class)
1) Discuss the implications of a tax cut. How would this impact the US economy. Let’s keep the discussion strictly to the economic impact.
2) The Federal Reserve System. How it operates, its future role in monetary policy.
3) Taxes again. How does the U.S. taxation system (Federal, State, Local, sales, excise, etc.) compare with others around the world? How much do we really pay in taxes on average?
4) Discuss the pros and cons of national debt, deficit spending, budget surplus, etc…
5) Discuss US fiscal policy: how it is managed, directed, controlled, formulated.
