Survey of economics Discussions 7
Part 1:
This week we discussed economic systems and schools of economic thought. Please pick one of the following options for your original discussion board post:
- Research a Current Event. Find a current event in the news from a reputable source. Post the link to two articles discussing this event and answer the following questions:
- In 1-3 sentences, summarize the event
- In 2-3 sentences, relate the event to the concepts we studied in class this week
- In 2-3 sentences, offer your own insight into the economics of the event.
Resources to help you find news articles:
- https://libguides.ucmerced.edu/news/reputable(Links to an external site.) (or similar lib guide that discusses how to find reputable news sources)
The response to this post includes further discussion of the event or discussing further ways in which this event relates to class.
- Explain why Keynes’ opening line is “Prepare for the return of the master” … Who is the master, where did they go, and why?
- Summarize both Keynesian and Austrian (Hayek) arguments. Which seems more plausible? Why?
- Most governments follow a Keynesian model of the economy. Why is this?
