Economics is the branch of social science that provides a variety of concepts which are further utilized for the determination of consumption of goods, goods production, and services and distribution of goods. Economics has enormous applications in dissimilar fields of humanity, business and healthcare. Economics students have to deal with a big number of theories and concepts that offer them advanced knowledge concerning how individuals, firms and government bodies interrelate and how economies work today.
Economics is one of the most relevant subjects in Commerce, Arts & Business Management. It is one of those few subjects that verbalizes persistently at the individual firm level means mirco-economics & at national as well as international means macro-economics. The subject is quite significant in calculating the demand for a particular firm, an industry on the whole & the demand for all the goods as well as services in the nation. The subject matter also involves concepts of Global Economy.
Economics is the learning of unlimited wants over restricted or limited resources. The study of this subject is specifically important in business administration, for instance, if a business desires a new product to be introduced in the marketplace, then it must be familiar with the demand of the product first. If the order of the goods has a close substitute, then it will pay notice at the market of that particular substitute & can wrap up what would be the insist of the product if it is launched. This is just one flip of the coin.
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- Macro-economic assignments: Macro-economic assignment studies the behaviour of the aggregate economy. Examination of economy-wide price-levels, national income, an occurrence like price-inflation, GDP, rate of enlargement is performed. Questions on these topics confront a student’s decision-making skills and information.
- International trade assignments: Professors prepare a big number of International trade assignments which educate students about the exchange of goods, capital, services crossways international borders and cause-effects of practising the similar on GDP.
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- Principles of microeconomics
- Principles of macroeconomics
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- Monetary economics
- International economics
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Writing economic term papers has its own challenges. Undergraduate students are mostly affected in this especially because it is their first time to write undergraduate economics term papers. In this article, discuss shall look at important tools that you can employ in order to write undergraduate economic term paper effectively:
Choosing a topic
In undergraduate studies, instructors mostly give a list of questions from which you choose a topic. Do some background on topics proposed to determine its feasibility. It also helps to narrow and focus on an interesting question. Upon selecting a topic, choosing formulating an interesting research question will not be a problem.
There are various types of undergraduate economics term papers such as case notes, theoretical papers, empirical papers, issues papers, and literature review papers. As such, understand your question of assignment and customize it to the required type.
The structure of an economics term paper
The structure demonstrated below is useful in writing economic term papers; however, it can be modified to fit the instructions specified by your instructor because different institutions have different demands.
At the introduction, state your research topic, the research question you are seeking to provide answers to, state the rationale behind the choice of your topic, and the scope your undergraduate economic term paper will cover.
The body should have a section on literature review. The literature review states the findings of other scholars as regards the topic you are handling, and the gaps you seek to fill with your research. The length of a literature review is based on the type of economic term paper you are writing on, the length of your assignment, and the work done as regards, your assignment.
A conclusion should flow naturally from the body. State the objective of your study again, make a case for your research question, and provide evidence from the body to support your claim. It is also important that you demonstrate the contribution you have made to the said field by writing the economic term paper.