Prepare a current event journal analyzing a recent news article (within last three months) that addresses one of the topics we have discussed in Chapters 17:
What I learned : (in chapter 17)
How does the money supply affect inflation and nominal interest rates?
• Does the money supply affect real variables like real GDP or the real interest rate?
• How is inflation like a tax?
• What are the costs of inflation? How serious are they?
Use the following template to fulfill the requirements:
I. Summary of Article
I want to know what the article is discussing. This should be a brief summary but enough to explain the important aspects of the article (e.g., who, what, where, why, when, how).
II. Identify Issue
After summarizing the article, you’ll need to identify and define the economic concept that is addressed in the article. If the article references an economic term or theory, define all the relevant terms. If you’re discussing an article that does not explicitly discuss an economic issue, identify the economic theory and define all relevant terms. [The best source for definitions is our text].
III. Application
After you’ve summarized the article and identified and explained the economic concept(s), you’ll need to apply the concept(s) and analyze the article relying on the concept(s). In order to successfully complete this portion of the journal, you should specifically show how the economic concepts/theories help explain the events in the article. You may also wish to show whether the economic theory predicts how future events will unfold. Additionally, you may (but are not required) utilize any of the models/graphs discussed in this unit to help apply the concepts to the article.
Last Completed Projects
| topic title | academic level | Writer | delivered |
|---|