Purpose: Write a 3-5 page paper (plus a cover page) that shows your level of understanding of economic principles as it relates to a current event.

Paper Format

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Background: Discuss a current event that has an impact on the economy. The economic impact can felt be local, country-wide, or world-wide. When discussing the economic impact, you should mention things such as (but not be limited to) any combination of the following: GDP, inflation, unemployment, monetary policy, fiscal policy, international trade. Include in your paper the source(s) and dates for where you got the story.

Economic impact: Describe the impact that this event has on the economy, positive or negative. For example, what is the impact of the event on GDP, unemployment, inflation, etc.?

Social impact: describe the social impact that this event has, positive or negative. For example, how does this event impact people’s standard of living or quality of life, equity between different groups, employment opportunities?

Summary: Provide some final thoughts on the current event, including your own thoughts on this. Is this a good thing, bad thing, mixed bag? How does your learning from this class impact that way you view this current event, if at all?

Paper Requirements

Include a cover page with title, name, date, and class information.
Body of paper should be professional in appearance, single spaced and font size no large than 12 (11 preferred).
Utilize headings, sub-headings, and bullets (if appropriate) for a polished professional look.
Use of photos or graphs are acceptable and can be impactful if used with discretion and if it in fact helps to tell your story. If they are used simply to take up space, they can take away from the impact of your paper. Ok (if not recommended) to use photo on cover page.

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