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How to Write a Good Economics Essay

Last Updated: March 7, 2023 References

This article was co-authored by Emily Listmann, MA . Emily Listmann is a Private Tutor and Life Coach in Santa Cruz, California. In 2018, she founded Mindful & Well, a natural healing and wellness coaching service. She has worked as a Social Studies Teacher, Curriculum Coordinator, and an SAT Prep Teacher. She received her MA in Education from the Stanford Graduate School of Education in 2014. Emily also received her Wellness Coach Certificate from Cornell University and completed the Mindfulness Training by Mindful Schools. This article has been viewed 128,125 times.

A good economics essay requires a clear argument that is well-supported by appropriately referenced evidence. Research your topic thoroughly and then carefully plan out your essay. A good structure is essential, as is sticking closely to the main essay question. Be sure to proofread your essay and try to write in formal and precise prose.

Preparing to Write Your Essay

Step 1 Read the question carefully.

  • For example a question such as “Discuss the macroeconomic consequences of rising house prices, alongside falling interest rates” could be divided into 2 parts: 1 part could be on the effects of rising prices, and 1 on the effects of falling interest rates.
  • In this example you could begin by discussing each separately and then bringing the 2 together and analysing how they influence each other.
  • Be sure to keep the question at the forefront of your mind and don’t veer off topic. [1] X Research source

Step 2 Research the topic thoroughly

  • Be sure that you understand all the key terms that you are being asked about.
  • Try to keep your reading focussed closely to the essay question.
  • Don’t forget to look at any lecture or class notes you have made.
  • 3 Come up with a thesis statement . A thesis statement is the main argument you will make in your essay. It should be 1-2 sentences long and respond to the essential question that’s being asked. The thesis will help you structure the body of your essay, and each point you make should relate back to the thesis.

Step 4 Plan out your content.

  • Once you have put together a list of key points, then try to add in some more detail that brings in elements from your research.
  • When you come to write out your essay, you can develop a paragraph based on each point.

Step 5 Think about your...

  • All of the evidence and explanation will be in the main body of the essay.
  • Order the key points in the body of your essay in such a way that they flow logically.
  • If you are writing a longer essay, you can break the main body into different sections. [2] X Research source
  • If you have a word limit, be sure to take this into account when you are planning.
  • Allocate yourself a rough number of words per section.
  • The introduction and conclusion can be just a paragraph each.

Writing the Essay

Step 1 Write the introduction...

  • What your essay is about.
  • What material you will cover in the essay.
  • What your argument is. [3] X Research source

Step 2 Outline your argument.

  • Having this stated clearly at the start can help you to stay focussed on the question as you work your way through the essay.
  • Try writing out this one or two sentence statement and sticking it up in front of you as you write, so it’s stays at the forefront of your mind.

Step 3 Write the body of the essay.

  • Try to begin each paragraph with a sentence that outlines what the paragraph will cover.
  • Look at the opening sentence of each paragraph and ask yourself if it is addressing the essay question. [5] X Research source

Step 4 Provide evidence for your argument.

  • Try to engage with arguments that run counter to yours, and use the evidence you have found to show the flaws.
  • It might help to imagine someone reading the essay, and anticipating the objections that he might raise.
  • Showing that you have thought about potential problems, and you can make an argument that overcomes them, is a hallmark of an excellent essay. [6] X Research source
  • If there is conflicting evidence, discuss it openly and try to show where the weight of the evidence lies. [7] X Research source
  • Don’t just ignore the evidence that runs counter to your argument.

Step 5 Write the conclusion...

  • In the conclusion you can add a few sentences that show how your essay could be developed and taken further.
  • Here you can assert why the question is important and make some tentative suggestions for further analysis.

Proofreading and Making Revisions

Step 1 Check for divergences away from the question.

  • As you read through it, think about how closely you stick to main overarching question.
  • If you notice paragraphs that drift off into other areas, you need to be tough and cut them out.
  • You have a limited number of words so it’s essential to make every one count by keeping tightly focussed on the main question.

Step 2 Assess the quality and depth of your argument.

  • Think about how you use the evidence too. Do you critically engage with it, or do you merely quote it to support your point?
  • A good analytical essay such discuss evidence critically at all times.
  • Even if the evidence supports your argument, you need to show that you have thought about the value of this particular piece of data.
  • Try to avoid making any assumptions, or writing as if something were beyond dispute. [10] X Research source

Step 3 Check spelling, grammar and style.

  • Remember an academic essay should be written in a formal style, so avoid colloquialisms.
  • Avoid contractions, such as “don’t”, or “won’t”.
  • Try to avoid paragraphs that are more than ten or fifteen lines long.
  • Think about how it looks on the page. [12] X Research source

Step 4 Check your referencing and bibliography.

  • Always include a bibliography, but don’t include references to things you haven’t read or didn’t inform your argument. [13] X Research source
  • Your teacher will know if you just add a load of titles into your bibliography that are not evidenced in the body of your essay.
  • Always follow the bibliography format used by your department or class.

Community Q&A

Community Answer

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Write an Expression of Interest

  • ↑ http://www.economicshelp.org/help/tips-economic-essays/
  • ↑ http://www.writing.utoronto.ca/advice/planning-and-organizing/organizing
  • ↑ http://carleton.ca/economics/courses/writing-preliminaries/academic-essay-writing/
  • ↑ https://www.economicsnetwork.ac.uk/archive/lse_writing/page_11.htm
  • ↑ http://homes.chass.utoronto.ca/~mcmillan/writing.pdf
  • ↑ https://www.royalholloway.ac.uk/economics/documents/pdf/essaywriting-departmentofeconomics.pdf

About This Article

Emily Listmann, MA

Before you begin writing your economics essay, make sure to carefully read the prompt so that you have a clear sense of the paper's purpose and scope. Once you have read the prompt, conduct research using your textbook and relevant articles. If you cannot find research materials, ask your instructor for recommendations. After your research is done, construct a 1-2 sentence thesis statement and begin outlining your main ideas so that your essay will have a clear structure. Make sure to leave time to write a draft and revise your work before it is due. If you want to learn more, like how to cite the sources you used for your essay, keep reading the article! Did this summary help you? Yes No

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Economics Essay Examples

Barbara P

Ace Your Essay With Our Economics Essay Examples

Published on: Jun 6, 2023

Last updated on: Jan 31, 2024

economics essay examples

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Are you struggling to understand economics essays and how to write your own?

It can be challenging to grasp the complexities of economic concepts without practical examples.

But don’t worry! 

We’ve got the solution you've been looking for. Explore quality examples that bridge the gap between theory and real-world applications. In addition, get insightful tips for writing economics essays.

So, if you're a student aiming for academic success, this blog is your go-to resource for mastering economics essays.

Let’s dive in and get started!

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What is an Economics Essay?

An economics essay is a written piece that explores economic theories, concepts, and their real-world applications. It involves analyzing economic issues, presenting arguments, and providing evidence to support ideas. 

The goal of an economics essay is to demonstrate an understanding of economic principles and the ability to critically evaluate economic topics.

Why Write an Economics Essay?

Writing an economics essay serves multiple purposes:

  • Demonstrate Understanding: Showcasing your comprehension of economic concepts and their practical applications.
  • Develop Critical Thinking: Cultivating analytical skills to evaluate economic issues from different perspectives.
  • Apply Theory to Real-World Contexts: Bridging the gap between economic theory and real-life scenarios.
  • Enhance Research and Analysis Skills: Improving abilities to gather and interpret economic data.
  • Prepare for Academic and Professional Pursuits: Building a foundation for success in future economics-related endeavors.

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If you’re wondering, ‘how do I write an economics essay?’, consulting an example essay might be a good option for you. Here are some economics essay examples:

Short Essay About Economics

Fiscal policy plays a crucial role in shaping economic conditions and promoting growth. During periods of economic downturn or recession, governments often resort to fiscal policy measures to stimulate the economy. This essay examines the significance of fiscal policy in economic stimulus, focusing on two key tools: government spending and taxation.

Government spending is a powerful instrument used to boost economic activity. When the economy experiences a slowdown, increased government expenditure can create a multiplier effect, stimulating demand and investment. By investing in infrastructure projects, education, healthcare, and other sectors, governments can create jobs, generate income, and spur private sector activity. This increased spending circulates money throughout the economy, leading to higher consumption and increased business investments. However, it is important for governments to strike a balance between short-term stimulus and long-term fiscal sustainability.

Taxation is another critical aspect of fiscal policy. During economic downturns, governments may employ tax cuts or incentives to encourage consumer spending and business investments. By reducing tax burdens on individuals and corporations, governments aim to increase disposable income and boost consumption. Lower taxes can also incentivize businesses to expand and invest in new ventures, leading to job creation and economic growth. However, it is essential for policymakers to consider the trade-off between short-term stimulus and long-term fiscal stability, ensuring that tax cuts are sustainable and do not result in excessive budget deficits.

In conclusion, fiscal policy serves as a valuable tool in stimulating economic growth and mitigating downturns. Through government spending and taxation measures, policymakers can influence aggregate demand, promote investment, and create a favorable economic environment. However, it is crucial for governments to implement these policies judiciously, considering the long-term implications and maintaining fiscal discipline. By effectively managing fiscal policy, governments can foster sustainable economic growth and improve overall welfare.

A Level Economics Essay Examples

Here is an essay on economics a level structure:

Globalization, characterized by the increasing interconnectedness of economies and societies worldwide, has brought about numerous benefits and challenges. One of the significant issues associated with globalization is its impact on income inequality. This essay explores the implications of globalization on income inequality, discussing both the positive and negative effects, and examining potential policy responses to address this issue.


Globalization has led to a rise in the demand for skilled workers in many sectors. As countries integrate into the global economy, they become more specialized and engage in activities that utilize their comparative advantages. This shift toward skill-intensive industries increases the demand for skilled labor, resulting in a skill premium where high-skilled workers earn higher wages compared to low-skilled workers. Consequently, income inequality may widen as those with the necessary skills benefit from globalization while those without face limited employment opportunities and stagnant wages.


Globalization has also led to labor market displacement and job polarization. Developing countries, attracted by lower labor costs, have become manufacturing hubs, leading to job losses in industries that cannot compete internationally. This displacement primarily affects low-skilled workers in developed economies. Moreover, advancements in technology and automation have further contributed to job polarization, where middle-skilled jobs are declining while high-skilled and low-skilled jobs expand. This trend exacerbates income inequality as middle-income earners face challenges in finding stable employment opportunities.


To address the implications of globalization on income inequality, policymakers can implement several strategies. Firstly, investing in education and skills development is crucial. By equipping individuals with the necessary skills for the evolving labor market, governments can reduce the skill gap and provide opportunities for upward mobility. Additionally, redistributive policies, such as progressive taxation and social welfare programs, can help mitigate income inequality by ensuring a more equitable distribution of resources. Furthermore, fostering inclusive growth and promoting entrepreneurship can create job opportunities and reduce dependency on traditional sectors vulnerable to globalization.

Globalization has had a profound impact on income inequality, posing challenges for policymakers. While it has facilitated economic growth and raised living standards in many countries, it has also exacerbated income disparities. By implementing effective policies that focus on education, skill development, redistribution, and inclusive growth, governments can strive to reduce income inequality and ensure that the benefits of globalization are more widely shared. It is essential to strike a balance between the opportunities offered by globalization and the need for social equity and inclusive development in an interconnected world.

Band 6 Economics Essay Examples

Government intervention in markets is a topic of ongoing debate in economics. While free markets are often considered efficient in allocating resources, there are instances where government intervention becomes necessary to address market failures and promote overall welfare. This essay examines the impact of government intervention on market efficiency, discussing the advantages and disadvantages of such interventions and assessing their effectiveness in achieving desired outcomes.


Government intervention can correct market failures that arise due to externalities, public goods, and imperfect competition. Externalities, such as pollution, can lead to inefficiencies as costs or benefits are not fully accounted for by market participants. By imposing regulations or taxes, the government can internalize these external costs and incentivize firms to adopt more socially responsible practices. Additionally, the provision of public goods, which are non-excludable and non-rivalrous, often requires government intervention as private markets may under provide them. By supplying public goods like infrastructure or national defense, the government ensures efficient allocation and benefits for society.


Information asymmetry, where one party has more information than another, can hinder market efficiency. This is particularly evident in markets with complex products or services, such as healthcare or financial services. Government intervention through regulations and oversight can enhance transparency, consumer protection, and market efficiency. For example, regulations that require companies to disclose accurate and standardized information empower consumers to make informed choices. Similarly, regulatory bodies in financial markets can enforce rules to mitigate risks and ensure fair and transparent transactions, promoting market efficiency.


While government intervention can address market failures, it can also create unintended consequences and distortions. Excessive regulations, price controls, or subsidies can result in inefficiencies and unintended outcomes. For instance, price ceilings may lead to shortages, while price floors can create surpluses. Moreover, government interventions can stifle innovation and competition by reducing incentives for private firms to invest and grow. Policymakers need to carefully design interventions to strike a balance between correcting market failures and avoiding excessive interference that hampers market efficiency.

Government intervention plays a crucial role in addressing market failures and promoting market efficiency. By correcting externalities, providing public goods and services, and reducing information asymmetry, governments can enhance overall welfare and ensure efficient resource allocation. However, policymakers must exercise caution to avoid unintended consequences and market distortions. Striking a balance between market forces and government intervention is crucial to harness the benefits of both, fostering a dynamic and efficient economy that serves the interests of society as a whole.

Here are some downloadable economics essays:

Economics essay pdf

Economics essay introduction

Economics Extended Essay Examples

In an economics extended essay, students have the opportunity to delve into a specific economic topic of interest. They are required to conduct an in-depth analysis of this topic and compile a lengthy essay. 

Here are some potential economics extended essay question examples:

  • How does foreign direct investment impact economic growth in developing countries?
  • What are the factors influencing consumer behavior and their effects on market demand for sustainable products?
  • To what extent does government intervention in the form of minimum wage policies affect employment levels and income inequality?
  • What are the economic consequences of implementing a carbon tax to combat climate change?
  • How does globalization influence income distribution and the wage gap in developed economies?

IB Economics Extended Essay Examples 

IB Economics Extended Essay Examples

Economics Extended Essay Topic Examples

Extended Essay Research Question Examples Economics

Tips for Writing an Economics Essay

Writing an economics essay requires specific expertise and skills. So, it's important to have some tips up your sleeve to make sure your essay is of high quality:

  • Start with a Clear Thesis Statement: It defines your essay's focus and argument. This statement should be concise, to the point, and present the crux of your essay.
  • Conduct Research and Gather Data: Collect facts and figures from reliable sources such as academic journals, government reports, and reputable news outlets. Use this data to support your arguments and analysis and compile a literature review.
  • Use Economic Theories and Models: These help you to support your arguments and provide a framework for your analysis. Make sure to clearly explain these theories and models so that the reader can follow your reasoning.
  • Analyze the Micro and Macro Aspects: Consider all angles of the topic. This means examining how the issue affects individuals, businesses, and the economy as a whole.
  • Use Real-World Examples: Practical examples and case studies help to illustrate your points. This can make your arguments more relatable and understandable.
  • Consider the Policy Implications: Take into account the impacts of your analysis. What are the potential solutions to the problem you're examining? How might different policies affect the outcomes you're discussing?
  • Use Graphs and Charts: These help to illustrate your data and analysis. These visual aids can help make your arguments more compelling and easier to understand.
  • Proofread and Edit: Make sure to proofread your essay carefully for grammar and spelling errors. In economics, precision and accuracy are essential, so errors can undermine the credibility of your analysis.

These tips can help make your essay writing journey a breeze. Tailor them to your topic to make sure you end with a well-researched and accurate economics essay.

To wrap it up , writing an economics essay requires a combination of solid research, analytical thinking, and effective communication. 

You can craft a compelling piece of work by taking our examples as a guide and following the tips.

However, if you are still questioning "how do I write an economics essay?", it's time to get professional help from the best essay writing service -  CollegeEssay.org.

Our economics essay writing service is always ready to help students like you. Our experienced economics essay writers are dedicated to delivering high-quality, custom-written essays that are 100% plagiarism free.

Also try out our AI essay writer and get your quality economics essay now!

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Barbara is a highly educated and qualified author with a Ph.D. in public health from an Ivy League university. She has spent a significant amount of time working in the medical field, conducting a thorough study on a variety of health issues. Her work has been published in several major publications.

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economy essay outline

The Young Economist’s Short Guide to Writing Economic Research

Attributes of writing economics.

  • The discourse is often mathematical, with lots of formulas, lemmas, and proofs.
  • Writing styles vary widely. Some authors are very dry and technical while a few are quite eloquent.

Economics writing is different from many other types of writing. It is essentially technical, and the primary goal is to achieve clarity. A clear presentation will allow the strength of your underlying analysis and the quality of your research to shine through.

Unlike prose writing in other disciplines, economics research takes time. Successful papers are not cranked out the night before a due date.

General Guidelines for Quality Research

Getting started.

The hardest part of any writing assignment is starting. Economics research usually begins with a strong understanding of literature, and papers require a section that summarizes and applies previous literature to what the paper at hand. This is the best way to start.

Your writing will demonstrate that you understand the findings that relate to the topic.

Economists use the first few paragraphs to set up research questions and the model and data they use to think about it. Sure, it can be dry, but this format ensures the write and reader have strong grasp on the subject and structure of the work that follows.

Clear and Concise Work

Clarity is hard to achieve, but revising and reworking a paper ensures it is easy to read

  • Organize your ideas into an argument with the help of an outline.
  • Define the important terms you will use
  • State your hypothesis and proceed deductively to reach your conclusions
  • Avoid excess verbiage
  • Edit yourself, remove what is not needed, and keep revising until you get down to a simple, efficient way of communicating
  • Use the active voice
  • Put statements in positive form
  • Omit needless words (concise writing is clear writing)
  • In summaries, generally stick to one tense

Time Management

Poor time management can wreck the best-planned papers. Deadlines are key to successful research papers.

  • Start the project by finding your topic
  • Begin your research
  • Start and outline
  • Write a draft
  • Revise and polish

The Language of Economic Analysis

Economic theory has become very mathematical. Most PhD students are mathematicians, not simply economics majors. This means most quality economic research requires a strong use of mathematical language. Economic analysis is characterized by the use of models, simplified representations of how economic phenomena work. A model’s predictions about the future or the past are essentially empirical hypotheses. Since economics is not easily tested in controlled experiments, research requires data from the real world (census reports, balance sheets), and statistical methods (regressions and econometrics) to test the predictive power of models and hypotheses based on those models.

The Writing Process

Finding a topic.

There are a million ways to find a topic. It may be that you are writing for a specific subfield of economics, so topics are limited and thus easier to pick. However, must research starts organically, from passive reading or striking news articles. Make sure to find something that interests you. Be sure to find a niche and make a contribution to the subfield.

You will also need a project that can be done within the parameters of the assignment (length, due date, access to research materials). A profoundly interesting topic may not be manageable given the time and other constraints you face. The key is to just be practical.

Be sure to start your research as soon as possible. Your topic will evolve along the way, and the question you begin with may become less interesting as new information draws you in other directions. It is perfectly fine to shape your topic based on available data, but don’t get caught up in endlessly revising topics.

Finding and Using Sources

There are two types of economic sources: empirical data (information that is or can be easily translated into numerical form), and academic literature (books and articles that help you organize your ideas).

Economic data is compiled into a number of useful secondary sources:

  • Economic Report of the President
  • Statistical Abstract of the United States
  • National Longitudinal Survey
  • Census data
  • Academic journals

The Outline

A good outline acts as an agenda for the things you want to accomplish:

  • Introduction: Pose an interesting question or problem
  • Literature Review: Survey the literature on your topic
  • Methods/Data: Formulate your hypothesis and describe your data
  • Results: Present your results with the help of graphs and charts
  • Discussion: Critique your method and/or discuss any policy implications
  • Conclusions: Summarize what you have done; pose questions for further research

Writing a Literature Review

The literature review demonstrates your familiarity with scholarly work on your topic and lays the foundations for your paper. The particular issues you intent to raise, the terms you will employ, and the approach you will take should be defined with reference to previous scholarly works.

Presenting a Hypothesis

Formulate a question, problem or conjecture, and describe the approach you will take to answer, solve, or test it. In presenting your hypothesis, you need to discuss the data set you are using and the type of regression you will run. You should say where you found the data, and use a table, graph, or simple statistics to summarize them. In term papers, it may not be possible to reach conclusive results. Don’t be afraid to state this clearly and accurately. It is okay to have an inconclusive paper, but it is not okay to make overly broad and unsupported statements.

Presenting Results

There are essentially two decisions to make: (1) How many empirical results should be presented, and (2) How should these results be described in the text?

  • Focus only on what is important and be as clear as possible. Both smart and dumb readers will appreciate you pointing things out directly and clearly.
  • Less is usually more: Reporting a small group of relevant results is better than covering every possible statistical analysis that could be made on the data.
  • Clearly and precisely describe your tables, graphs, and figures in the text of your results section. The first and last sentence in a paragraph describing a result should be “big picture” statements, describing how the results in the table, graph or figure fit into the overall theme of the paper.

Discussing Results

The key to discussing results is to stay clear of making value judgments, and rely instead on economic facts and analyses. It is not the job of an economist to draw policy conclusions, even if the research supports strong evidence in a particular direction.

Referencing Sources

As with any research paper, source referencing depends on the will of a professor a discourse community. However, economists generally use soft references in the literature review section and then cite sources in conventional formats at the end of papers.

This guide was made possible by the excellent work of Robert Neugeboren and Mireille Jacobson of Harvard University and Paul Dudenhefer of Duke University.

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Tips for writing economics essays

Some tips for writing economics essays  Includes how to answer the question, including right diagrams and evaluation – primarily designed for A Level students.

1. Understand the question

Make sure you understand the essential point of the question. If appropriate, you could try and rephrase the question into a simpler version.

For example:

Q. Examine the macroeconomic implications of a significant fall in UK House prices, combined with a simultaneous loosening of Monetary Policy.

In plain English.

  • Discuss the effect of falling house prices on the economy
  • Discuss the effect of falling interest rates (loose monetary policy) on economy

In effect, there are two distinct parts to this question. It is a valid response, to deal with each separately, before considering both together.

It helps to keep reminding yourself of the question as you answer. Sometimes candidates start off well, but towards the end forget what the question was. Bear in mind, failure to answer the question can lead to a very low mark.

2. Write in simple sentences

For clarity of thought, it is usually best for students to write short sentences. The main thing is to avoid combining too many ideas into one sentence. If you write in short sentences, it may sound a little stilted; but it is worth remembering that there are no extra marks for a Shakespearian grasp of English. (at least in Economics Exams)

Look at this response to a question:

Q. What is the impact of higher interest rates?

Higher interest rates increase the cost of borrowing. As a result, those with mortgages will have lower disposable income. Also, consumers have less incentive to borrow and spend on credit cards. Therefore consumption will be lower. This fall in consumption will cause a fall in Aggregate Demand and therefore lead to lower economic growth. A fall in AD will also reduce inflation.

fall-in-ad-arrow-ad-as

I could have combined 1 or 2 sentences together, but here I wanted to show that short sentences can aid clarity of thought. Nothing is wasted in the above example.

Simple sentences help you to focus on one thing at once, which is another important tip.

3. Answer the question

Quite frequently, when marking economic essays, you see a candidate who has a reasonable knowledge of economics, but unfortunately does not answer the question. Therefore, as a result, they can get zero for a question. It may seem harsh, but if you don’t answer the question, the examiner can’t give any marks.

At the end of each paragraph you can ask yourself; how does this paragraph answer the question? If necessary, you can write a one-sentence summary, which directly answers the question. Don’t wait until the end of the essay to realise you have answered a different question.

Discuss the impact of Euro membership on UK fiscal and monetary policy?

Most students will have revised a question on: “The benefits and costs of the Euro. Therefore, as soon as they see the Euro in the title, they put down all their notes on the benefits and costs of the Euro. However, this question is quite specific; it only wishes to know the impact on fiscal and monetary policy.

The “joke” goes, put 10 economists in a room and you will get 11 different answers. Why? you may ask. The nature of economics is that quite often there is no “right” answer. It is important that we always consider other points of view, and discuss various different, potential outcomes. This is what we mean by evaluation.

Macro-evaluation

  • Depends on the state of the economy – full capacity or recession?
  • Time lags – it may take 18 months for interest rates to have an effect
  • Depends on other variables in the economy . Higher investment could be offset by fall in consumer spending.
  • The significance of factors . A fall in exports to the US is only a small proportion of UK AD. However, a recession in Europe is more significant because 50% of UK exports go to EU.
  • Consider the impact on all macroeconomic objectives . For example, higher interest rates may reduce inflation, but what about economic growth, unemployment, current account and balance of payments?
  • Consider both the supply and demand side . For example, expansionary fiscal policy can help to reduce demand-deficient unemployment, however, it will be ineffective in solving demand-side unemployment (e.g. structural unemployment)

Example question :

The effect of raising interest rates will reduce consumer spending.

  • However , if confidence is high, higher interest rates may not actually discourage consumer spending.

fall-in-ad-depending-spare-capacity-full

If the economy is close to full capacity a rise in interest rates may reduce inflation but not reduce growth. (AD falls from AD1 to AD2)

  • However , if there is already a slowdown in the economy, rising interest rates may cause a recession. (AD3 to AD3)

Micro-evaluation

1. The impact depends on elasticity of demand

tax-depends-elasticity

In both diagrams, we place the same tax on the good, causing supply to shift to the left.

  • When demand is price inelastic, the tax causes only a small fall in demand.
  • If demand is price elastic, the tax causes a bigger percentage fall in demand.

2. Time lag

In the short term, demand for petrol is likely to be price inelastic. However, over time, consumers may find alternatives, e.g. they buy electric cars. In the short-term, investment will not increase capacity, but over time, it may help to increase a firms profitability. Time lags.

3. Depends on market structure

If markets are competitive, then we can expect prices to remain low. However, if a firm has monopoly power, then we can expect higher prices.

4. Depends on business objectives

If a firm is seeking to maximise profits, we can expect prices to rise. However, if a firm is seeking to maximise market share, it may seek to cut prices – even if it means less profit.

5. Behavioural economics

In economics, we usually assume individuals are rational and seeking to maximise their utility. However, in the real world, people are subject to bias and may not meet expectations of classical economic theory. For example, the present-bias suggest consumers will give much higher weighting to present levels of happiness and ignore future costs. This may explain over-consumption of demerit goods and under-consumption of merit goods. See: behavioural economics

Exam-Tips

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8 thoughts on “Tips for writing economics essays”

I really want to know the difference between discussion questions and analysis questions and how to answer them in a correct way to get good credit in Economics

Analysis just involves one sided answers while Discussion questions involve using two points of view

This is a great lesson learnd by me

how can I actually manage my time

The evaluation points in this article are really useful! The thing I struggle with is analysis and application. I have all the knowledge and I have learnt the evaluation points like J-curve analysis and marshall learner condition, but my chains of reasoning are not good enough. I will try the shorter sentences recommended in this article.

What kind of method for costing analysis is most suitable for a craft brewery, in order to analyze the cost of production of different types of beer_

Really useful!Especially for the CIE exam papers

Does anyone know how to evaluate in those advantages/disadvantages essay questions where you would basically analyse the benefits of something and then evaluate? Struggling because wouldn’t the evaluation just be the disadvantages ?? Like how would you evaluate without just stating the disadvantage?

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  • How to write an essay outline | Guidelines & examples

How to Write an Essay Outline | Guidelines & Examples

Published on August 14, 2020 by Jack Caulfield . Revised on July 23, 2023.

An essay outline is a way of planning the structure of your essay before you start writing. It involves writing quick summary sentences or phrases for every point you will cover in each paragraph , giving you a picture of how your argument will unfold.

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Table of contents

Organizing your material, presentation of the outline, examples of essay outlines, other interesting articles, frequently asked questions about essay outlines.

At the stage where you’re writing an essay outline, your ideas are probably still not fully formed. You should know your topic  and have already done some preliminary research to find relevant sources , but now you need to shape your ideas into a structured argument.

Creating categories

Look over any information, quotes and ideas you’ve noted down from your research and consider the central point you want to make in the essay—this will be the basis of your thesis statement . Once you have an idea of your overall argument, you can begin to organize your material in a way that serves that argument.

Try to arrange your material into categories related to different aspects of your argument. If you’re writing about a literary text, you might group your ideas into themes; in a history essay, it might be several key trends or turning points from the period you’re discussing.

Three main themes or subjects is a common structure for essays. Depending on the length of the essay, you could split the themes into three body paragraphs, or three longer sections with several paragraphs covering each theme.

As you create the outline, look critically at your categories and points: Are any of them irrelevant or redundant? Make sure every topic you cover is clearly related to your thesis statement.

Order of information

When you have your material organized into several categories, consider what order they should appear in.

Your essay will always begin and end with an introduction and conclusion , but the organization of the body is up to you.

Consider these questions to order your material:

  • Is there an obvious starting point for your argument?
  • Is there one subject that provides an easy transition into another?
  • Do some points need to be set up by discussing other points first?

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economy essay outline

Within each paragraph, you’ll discuss a single idea related to your overall topic or argument, using several points of evidence or analysis to do so.

In your outline, you present these points as a few short numbered sentences or phrases.They can be split into sub-points when more detail is needed.

The template below shows how you might structure an outline for a five-paragraph essay.

  • Thesis statement
  • First piece of evidence
  • Second piece of evidence
  • Summary/synthesis
  • Importance of topic
  • Strong closing statement

You can choose whether to write your outline in full sentences or short phrases. Be consistent in your choice; don’t randomly write some points as full sentences and others as short phrases.

Examples of outlines for different types of essays are presented below: an argumentative, expository, and literary analysis essay.

Argumentative essay outline

This outline is for a short argumentative essay evaluating the internet’s impact on education. It uses short phrases to summarize each point.

Its body is split into three paragraphs, each presenting arguments about a different aspect of the internet’s effects on education.

  • Importance of the internet
  • Concerns about internet use
  • Thesis statement: Internet use a net positive
  • Data exploring this effect
  • Analysis indicating it is overstated
  • Students’ reading levels over time
  • Why this data is questionable
  • Video media
  • Interactive media
  • Speed and simplicity of online research
  • Questions about reliability (transitioning into next topic)
  • Evidence indicating its ubiquity
  • Claims that it discourages engagement with academic writing
  • Evidence that Wikipedia warns students not to cite it
  • Argument that it introduces students to citation
  • Summary of key points
  • Value of digital education for students
  • Need for optimism to embrace advantages of the internet

Expository essay outline

This is the outline for an expository essay describing how the invention of the printing press affected life and politics in Europe.

The paragraphs are still summarized in short phrases here, but individual points are described with full sentences.

  • Claim that the printing press marks the end of the Middle Ages.
  • Provide background on the low levels of literacy before the printing press.
  • Present the thesis statement: The invention of the printing press increased circulation of information in Europe, paving the way for the Reformation.
  • Discuss the very high levels of illiteracy in medieval Europe.
  • Describe how literacy and thus knowledge and education were mainly the domain of religious and political elites.
  • Indicate how this discouraged political and religious change.
  • Describe the invention of the printing press in 1440 by Johannes Gutenberg.
  • Show the implications of the new technology for book production.
  • Describe the rapid spread of the technology and the printing of the Gutenberg Bible.
  • Link to the Reformation.
  • Discuss the trend for translating the Bible into vernacular languages during the years following the printing press’s invention.
  • Describe Luther’s own translation of the Bible during the Reformation.
  • Sketch out the large-scale effects the Reformation would have on religion and politics.
  • Summarize the history described.
  • Stress the significance of the printing press to the events of this period.

Literary analysis essay outline

The literary analysis essay outlined below discusses the role of theater in Jane Austen’s novel Mansfield Park .

The body of the essay is divided into three different themes, each of which is explored through examples from the book.

  • Describe the theatricality of Austen’s works
  • Outline the role theater plays in Mansfield Park
  • Introduce the research question : How does Austen use theater to express the characters’ morality in Mansfield Park ?
  • Discuss Austen’s depiction of the performance at the end of the first volume
  • Discuss how Sir Bertram reacts to the acting scheme
  • Introduce Austen’s use of stage direction–like details during dialogue
  • Explore how these are deployed to show the characters’ self-absorption
  • Discuss Austen’s description of Maria and Julia’s relationship as polite but affectionless
  • Compare Mrs. Norris’s self-conceit as charitable despite her idleness
  • Summarize the three themes: The acting scheme, stage directions, and the performance of morals
  • Answer the research question
  • Indicate areas for further study

If you want to know more about AI tools , college essays , or fallacies make sure to check out some of our other articles with explanations and examples or go directly to our tools!

  • Ad hominem fallacy
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  • Appeal to authority fallacy
  • False cause fallacy
  • Sunk cost fallacy

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You will sometimes be asked to hand in an essay outline before you start writing your essay . Your supervisor wants to see that you have a clear idea of your structure so that writing will go smoothly.

Even when you do not have to hand it in, writing an essay outline is an important part of the writing process . It’s a good idea to write one (as informally as you like) to clarify your structure for yourself whenever you are working on an essay.

If you have to hand in your essay outline , you may be given specific guidelines stating whether you have to use full sentences. If you’re not sure, ask your supervisor.

When writing an essay outline for yourself, the choice is yours. Some students find it helpful to write out their ideas in full sentences, while others prefer to summarize them in short phrases.

You should try to follow your outline as you write your essay . However, if your ideas change or it becomes clear that your structure could be better, it’s okay to depart from your essay outline . Just make sure you know why you’re doing so.

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Economics and Finance

Student working in a book

This guide to essay writing outlines just one way to structure an essay. It is by no means the only way, and your professor may or may not require you to structure your essays this way. It follows the general pattern "tell what you're about to say, say it, and then tell what you've just said." Sound a bit repetitive? It is, a little, but it helps make your ideas clear.

I. The Introduction

First Paragraph.

The first few sentences should introduce the general topic of the paper.

Example: "John Maynard Keynes revolutionized economics with the publication of his General Theory in 1936. Among the most controversial of his ideas is the view that full-employment is impossible without extensive government intervention in the economy."

After one to three introductory sentences, introduce the second most important point to be made in the essay. This will be the second issue discussed at length in the body of the essay. The last point mentioned in the introductory paragraph should be the most important point, and the first point discussed in the body of the essay. Thus, the last sentence of the introductory paragraph introduces the topic of the next paragraph in a general way. In the introductory paragraph, one, or, at most, two sentences are needed to introduce an issue. Furthermore, no more than three or four important points can be discussed adequately in an essay -- even in a very long essay.

On occasion it is useful to include two introductory paragraphs. The first should discuss why the essay topic is important; the second should introduce the three important issues to be discussed at length in the body of the essay.

II. The Body of the Essay

A few paragraphs for each important issue.

The first several paragraphs after the introduction should discuss the most important point of the essay. In an argumentative essay, it should be the strongest argument supporting the writer's viewpoint. In a more narrative type of essay, this might be the most important factor influencing a particular event, or the key issue over which economists (for example) differ. Please keep in mind that there is no such thing as a "neutral" or "objective" report.

The next several paragraphs after those making the most important point, should take up the second most important point. After that, the third most important point should be discussed. One of these might be a refutation of a viewpoint at odds with that of the writer; or an explanation of why some apparently important factors are of only secondary importance.

Each and every paragraph in the body (and conclusion) of the essay must begin with a "topic" sentence. It should state the topic of the paragraph -- one topic per paragraph please!

III. The Conclusion

The last several paragraphs.

The conclusion should summarize what has been said in the body of the essay. It should tie together the three (or four) important points made.

It is often a good idea to mention one or two important implications or unanswered questions that follow from the essay.

Above all, there should be no surprises for the reader in the conclusion. Introduce no new points. If there is something that hasn't been mentioned already, it should follow logically and clearly from something in the body of the essay.

IV. The Outline

Always make an outline of an essay before writing it . An essay can be written by making successively more detailed outlines. Identify the three important points, and break each of them down into several parts (A.,B., and C.). These will become topic sentences for paragraphs. Then "flesh-out" each paragraph. The reader should be able to reconstruct your initial outline easily.

I. Introduction -- first paragraph.

II. Most important point -- next several paragraphs.

A. Paragraph Topic Sentence (first sentence)

1. Second sentence.

2. Third sentence.

III. Next most important point.

IV. Third most important point.

V. Conclusion

Some general writing tips for academic papers.

Always reread what you have written several times.

Can the same thing be said in fewer words?

Does anything need more explanation?

Is the body of your essay overly repetitious?

Do you give too much detail in the introduction?

Would the outline of the essay be clear to the reader?

Is the grammar correct? Is the spelling correct?

Does each of your paragraphs have a topic sentence? Are any paragraphs too long, or too short (less than two sentences)?

Is the argument logical and clear? Does it say what you want it to say?

Always write in the third person (he, she, it). Never write in the first (I, we) or second (you) person. The subject of a sentence should never be "I" or "you."

Use gender-neutral pronouns when referring to people in general, or "the human race". "He" must have a masculine antecedent, and "she" must have a feminine antecedent. Otherwise, use "he or she", "s/he", "they", or "people" or "a person".

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Economics Essay Topics: 162 Practical Ideas & Useful Tips

economy essay outline

Essay writing is an inherent part of the economics studying process. Nevertheless, it is quite a challenging task. Are you a high school or college student who is struggling with an economic essay topic choice? Or maybe you are unsure about your writing skills?

We know how to help you .

The following article will guide you in choosing the best topic for your essay on economics. Here, you can find a variety of ideas for high school or college. The economic essay topics are divided into several categories that will help you with your research. And a pleasant bonus from our team! We have created a great guide on how to write an economics essay.

So, don’t miss your chance to write an outstanding economic paper! Check out our essay ideas, read our tips carefully, and be ready to receive your grade A!

  • ⭐ Best Economic Topics
  • 🤝 Socio-Economic
  • 🗺️ International Economics
  • 🛠️ Labor Economics
  • 🌆 Urban Economics
  • ⚽ Sports Economics
  • 💉 Health Economics
  • 💼 Business Economics
  • 🏤 Globalization
  • 🧮 Economic History
  • 💫 How to Write?

⭐ 15 Best Economic Essay Topics

  • 2008 Economic Crisis.
  • Socio-economic policy.
  • Economic systems – Singapore.
  • Racial pay gap.
  • Economic globalization.
  • History of online trading.
  • Child labor policies.
  • The Economic Naturalist.
  • Foundations of economic theory.
  • Impact of unemployment.
  • Universal Basic Income.
  • The role of consumerism.
  • Healthcare economics – Canada’s Medicare.
  • Reasons for recession.
  • Cryptocurrency & environmental issues.

✨ Excellent Economic Essay Topics

Has economics always been a subject of meticulous research? The question is quite controversial, right? There is no specific time when economics started its rapid progress. Generally, economics remains the topic of interest since the establishment of capitalism in the Western world.

Nowadays, the economy is the main engine that moves our world forward. The way we do business determines the geopolitical situation in the world. Moreover, it influences many other parts of our lives.

The skills developed through studying economics are incredibly versatile.

Economics studying is of utmost importance nowadays. It helps to gain a better understanding of processes that put everything in motion.

Economics is quite broad, so it has a great variety of subfields. And this is a fantastic opportunity for us to generate as many essay ideas as possible. Here, you will find great economic topics for your paper. As mentioned before, we have divided them into several sections to ease your selection process. There’s a wide selection of free college essays samples on economics in our database, too. So be sure to check that out.

🤝 Socio-Economic Essay Topics

  • The economic impact of racial segregation in America in the 1950s.
  • Designing a just socio-economic system.
  • Socio-economic status of Hong Kong in modern-day China. Explain how the city of Hong Kong gained a special status in China. Why did it emerge as one of the most important cities in its economy? Comment on the significance of Hong Kong in the international economic arena.
  • Economic growth in the United States in the post-World War 2 period.
  • Mobile banking in Saudi Arabia: towards understanding the factors that affect the sector.
  • The importance of Dior’s bar suit to the women’s fashion industry.
  • Economic problems in the 1980’s Soviet Union. Talk about the significant problems with the economy the USSR had in the 1980s. What role did they play in its collapse?
  • What socio-economic problems did segregation in South Africa cause?
  • History of economic development in the UAE. Discuss the economic miracle in the UAE and Dubai. Explain how the government could turn the city of Dubai into one of the most famous tourist destinations. What strategies were applied?
  • Gender inequality and socio-economic development .
  • The problem of poverty in Venezuela.
  • How the socio-economic and political position of women changed between 1880 and 1940.
  • The economic impact of COVID-19 on global trade.

World trade is expected to fall due to the Coronavirus pandemic.

  • How do the three main economic groups interact with each other? There are three critical economic groups: – Consumers – Producers – Government Analyze the interaction of these groups with each other.
  • Extended essay: how the study of economic data helped our society to advance?
  • Western industrialization socio-economic impacts.
  • Inequality at the top: not all billionaires have the same powers. Analyze billionaires’ net worth, liquidity, political power, and wealth security. Explain why they have unequal social status. What factors determine the influence of billionaires?
  • An analysis of systems that help us measure agricultural development in a country.
  • Is social media a useful tool for brand promotion?
  • The phenomenon of dualism in economic development.

🗺️ International Economics Essay Topics

  • Globalization and its impact on international economic relations. Define the term globalization. What role does globalization play in international economic relations? Provide specific examples of globalization’s impact on the global political economy.
  • The lack of justice for the cheap international labor market. Discuss the issue of cheap labor in various countries. Why do some workers often lack fundamental human rights while others abuse moral norms? Analyze the causes and effects of inequality in the workplace.
  • Japan macroeconomics: problems and possible solutions.
  • The issue of mercantilism in the history of Great Britain. Analyze the rise and development of mercantilism in the history of Great Britain. To solidify your ideas, provide persuasive arguments, and appropriate examples of mercantilism.
  • Why does the problem of environmental protection remain unresolved among global economies?
  • Nissan Motor company’s international business.
  • International environmental concerns in economics: the case of China .
  • The issue of international criminal justice in industry. Explain why international businesses often avoid criminal justice after wrongdoings. Select one case of unethical behavior of a company’s CEO or regular employee. Briefly introduce the problem. What were the causes and effects? How was the issue resolved? Express your own opinion regarding the lack of criminal justice in business.
  • The economy of Singapore and its role in international trade.
  • International microeconomics trade dispute case study: US-China dispute on the exportation of raw materials.
  • The phenomenon of the “gig economy” and its impact on the global economy.
  • The effect of population growth in the international economy.
  • International economics in the context of globalization.

Technological and political changes have chipped away at the barriers separating nations.

  • How does Brexit affect the economy of the European Union? Analyze the immediate impact of Brexit on the EU’s economy. Predict future advantages and disadvantages of Brexit for both: Great Britain and the EU.
  • South Africa: international agribusiness, trade, and financing.
  • Historical essay: the economy of the Dutch East India company.
  • The issue of Mozambique’s economy and possible solutions. Investigate the issue of extreme poverty in Mozambique. What are some possible solutions to the problem of poverty? Base your suggestions on the country’s cultural, historical, and geographical aspects.
  • Imbalances in the global economy. Discuss the imbalances between trading countries on the scale of the global economy. What solutions would you suggest to deal with this issue?
  • How will global economies adapt to China’s growing power?
  • Etihad Airways company managerial economics.

🛠️ Labor Economics Essay Topics

  • Ford Motor company’s labor economics.
  • Labor economics: child labor.
  • The UPS firm perspective: the labor market.
  • Gender inequality of wage rate in modern business. Research how and why gender inequality is still an issue in the modern world of economics. What are some ways to deal with the problem? Present your ideas accurately and effectively. Provide solid arguments and appropriate examples to prove your position.
  • What are the best ways to increase labor productivity in business?
  • Labor unions adverse effects on economics.
  • The decrease of the labor force in modern industries. Talk about the rising rates of robotization in the majority of industries. How will it affect the traditional labor force? Comment on the problem of unemployment caused by labor automatization.
  • Violations of labor rights of workers.
  • Modern labor essay: how can an entrepreneur guarantee the minimum wage to their workers?
  • How can labor geography help develop a special economic zone? Talk about labor geography and its effects on developing an exclusive economic zone. How does the geopolitical location of a particular country influence its level of economic development?
  • Entrepreneurship in the organic cosmetics sphere.
  • Gender-oriented labor trade unions. A case study. Discuss the gender-oriented trade unions and analyze their impact on our society.
  • Child labor in the Turkish cotton industry.

The Syrian refugee crisis increased the risks of child labor in Turkey.

  • The connection between economic growth and demography. Analyze the connection between economic growth and its demographic context. Investigate both sides: – The issue of overpopulation – The problem of low birth rate. From an economic perspective, what problem is more dangerous?
  • The issue of sex discrimination in the workplace.
  • The effects of Landrum-Griffin Labor Act. Explore the labor Act of Landrum-Griffin that was passed in the US Congress in 1959. Discuss its implications and consequences. Discuss its implications and consequences.

🌆 Urban Economics Essay Topics

  • Cities and their role in aggregate economics.
  • Urbanization in Hong Kong and its effects on citizens.
  • The urban planning of the city of New York: a critical analysis. Analyze the urban history of NY. How has the city been developing? Discuss revolutionary solutions to the past and problems of modern times.
  • The impact of a city’s design on the local traffic.
  • Dubai’s spatial planning: creative solutions for building a city in the desert.
  • Globalization, urban political economy, and economic restructuring.
  • How do urban areas affect local wildlife? Comment on how modern production technologies in urban areas impact the natural diversity of wildlife. What impact does the rapid economic progress have on the environment? Suggest possible solutions.
  • Urban sociology: does the city make us better people?
  • Why should people be more careful about investing in real estate? Discuss the issues of overinvestment into real estate. Consider the economic crisis of 2008 as an example.
  • How can regional authorities help improve a city?
  • Urban life and its effects on education.
  • The economic development of a city’s metropolitan area: challenges and solutions.
  • Main factors for the emergence of cities in the Middle Ages.
  • The ethics of relocation: is it justified? Talk about the case of relocating locals when building projects of great magnitude. To what extent can it be justified? Mention its economic and ethical side.
  • The difficulties behind the construction of “green” buildings. Discuss the relatively new phenomenon of environmentally friendly buildings. Analyze both sides: the pros and cons. What obstacles lie behind the “green” building? What opportunities do the “green” buildings offer? Elaborate on your ideas by providing clear arguments or counterarguments.
  • What factors play a critical role in the success of retail productivity in cities?

⚽ Sports Economics Essay Topics

  • Do teams with higher budgets perform better on the field?
  • Corruption in European football leagues: a critical analysis. Investigate the corruption issue in the European football leagues. State reasons and solutions for the problem.
  • The managerial catastrophe of Arsenal F.C.

Discuss the football club of Arsenal.

  • The NextG sports company’s communication planning.
  • Roger D. Blair’s Sports Economics literary review. Write a literary analysis of Sports Economics by Roger D. Blair. Discuss his opinion on the economy of sports. Do you agree or disagree with his position? Provide compelling supportive arguments or strong counterarguments.
  • How significant is the impact factor of a local team on a city’s economy?
  • Kinsmen Sports Centre: marketing metrics innovation.
  • What role does statistical data play in sports? Analyze the part of economic statistical data in different sports organizations. How can statistics help to develop an effective financing plan? Comment on the impact of financing on the performance of a sports club.
  • Sports and energy drinks marketing analysis.
  • Is there a connection between the lack of money and any contemporary issues in a sports team?
  • Performance-enhancing drugs in sports.
  • The business of FIFA: a financial analysis. Investigate the finances of FIFA. What economic factors make them so influential in the modern world of football?
  • The global sports retail industry.
  • The Olympics: logistics and economy. Discuss the logistics behind the Olympics Games event. How the Olympic Games impact the economy of the host country?

💉 Health Economics Essay Topics

  • Is bioprinting the new future of medicine? Analyze the new market of organ printing and discuss its challenges. Investigate bioprinting from an economic perspective. Will the outputs cover the inputs? How will bioprinting impact the financial aspect of the health care sector?
  • Cost-effectiveness of pharmaceutical products in the United States. Comment on the immense cost-effectiveness of pharmaceuticals. What do you think is the price of pharmaceutical products reasonable? Is it ethical to set extremely high prices on the medicals?
  • An economic evaluation of the antibiotics market.
  • Health economics-SIC and NAICS.
  • The financial side of cancer treatment: is it too expensive? Analyze the market for cancer treatment programs in various countries. Explore its costs and complications. What are some possible ways to reduce the price of cancer treatment and make it more affordable?
  • The issue of fast food consumption: a multibillion-dollar market . Fast food has always been one of the notable causes of obesity, diabetes, and other illnesses. Investigate the economic aspect of the issue. Are high profits from fast food production worth peoples’ health conditions?
  • History and evolution of healthcare economics.

Health has become a dominant economic and political issue over the past years.

  • The financial management of a hospital: a case study.
  • The issue of public healthcare in the USA. Write about the long-standing issue of medical sector operation in the USA. Analyze its history, financial, and social aspects.
  • Demand in healthcare economics.
  • What are the economic outcomes of a global pandemic? Taking the COVID-19 outbreak as an example, conduct research on the effects of a pandemic on the economy. How does it affect local economies? What impact does the quarantine have on the international economy? Provide appropriate examples to support your ideas.

💼 Business Economics Essay Topics

  • When does an advertising campaign become unnecessary?
  • Sustainable development of a nation’s economic stability. Discuss how a country can create a sustainable economy. Provide bright examples to solidify your position.
  • How can a small business compete with monopolies?
  • What are the limitations of the Lewis Model?
  • The phenomenon of inflation: inevitable liability or a land of opportunity for our economies? Explore the process of inflation in modern economies. Does it only have adverse effects on the countries’ economies? Are there any advantages of inflation? Analyze it from a positive perspective.
  • Economics, business, and sugar in the UK.
  • The shadow economy of the finance sector. Dive into the backstage of the finance sector and research various “grey” areas where business can be done.
  • Chinese and Japanese business systems comparison.
  • Oil demand and its changes in the XXI century: a critical analysis. Analyze the oil sector and write about its fluctuation in the XXI century. How did the changes in oil demand affect the global economy?
  • The social and economic impact of mass emigration.

🌠 40 More Good Economic Essay Topics

Scrolled through our ideas, but can’t find a suitable topic for yourself? No worries! We have more issues to share with you.

So, don’t stress out. Take a look at our list of economical essay topics. Here are 40 more ideas focusing on globalization and the history of economics.

🏤 Economic Globalization Essay Topics

  • The impact of globalization on the tourist industry in the Caribbean . Analyze both: the positive and negative effects of globalization on the Caribbean. To make your paper well-structured, explore two advantages and two disadvantages. Don’t forget to improve your essay with strong evidence and appropriate examples!
  • Toyota Motor Corporation: impacts of globalization.
  • What are the effects of globalization on developing countries? To what extent do developing countries profit from globalization? Research the subject by comparing various examples.
  • Defining globalization and its effects on current trade.
  • Economic growth as a result of globalization: proper financial strategies. How can a country successfully achieve prosperity with globalization? Discuss proper economic strategies.
  • The socio-political significance of the IT industry’s globalization.
  • Human trafficking in developing nations as a result of globalization.

Modern-day trafficking of humans has become more rewarding for traffickers due to globalization.

  • Globalization and criminal justice policy.
  • What are the advantages and disadvantages of globalization?
  • Globalization challenges and countermeasures.
  • The effect of globalization on worldwide trade and employment rates.
  • Economic integration within the European Union: a critical analysis. Talk about the history of economic integration within the EU. What are the negative and positive outcomes of economic integration?
  • Globalization and food in Japan.
  • Does globalization bring negative effects to cultural heritage and identity?
  • The Industrial Revolution as the first step towards globalization. Focus on the Industrial Revolution in Europe. Discuss its precursors and consequences. Why is the revolution considered to be a starting point of globalization? Provide specific examples of globalization processes that occurred in the economic sector after the Industrial revolution.
  • Globalization 2.0 an analysis of a book by David Rieff.
  • Globalization effects on fundamentalism growth.
  • Does direct investment by foreign businesses come with strings attached? Dive into the shady area of globalization and discuss how to direct foreign investment can bring problems of geopolitical scale.
  • Effects of globalization on sexuality.
  • Alibaba’s globalization strategy: an economic analysis.

🧮 Economic History Essay Topics

  • The rapid economic growth of Europe during the Age of Discovery. Analyze the factors that brought economic growth to Europe during the Age of Discovery. What factors contributed to the dynamic economic progress of that time?
  • Brazil’s economic history.
  • History of capitalism: from the Renaissance to the United States of America. Discuss the origins of capitalism and its centuries-long path towards XXth century America. How the establishment of capitalism impacted the economy of the USA?
  • Max Weber: economic history, the theory of bureaucracy, and politics as a vocation.
  • 2008 Economic Crisis: origins and fallout. Talk about the 2008 Financial Crisis. Discuss its causes and outcomes. What should have been done differently to avoid the global crisis? Comment on the economic strategies countries used to recover from it.
  • The economic marvel of Communist China: from rags to riches.
  • What made world economic growth of the Renaissance possible?

Renaissance Europe had a very diverse economy.

  • The economic history of Canada: how did the settlers facilitate economic growth?
  • What did the major powers of the XIXth century base their economies on?
  • The Rothschilds: political and financial role in the Industrial Revolution. Research the dynasty of Rothschilds and how they came to power. What was their role in Europe’s Industrial Revolution?
  • The link between the “oil curse” and the economic history of Latin America.
  • Roman Empire’s monetary policy: a socio-economic analysis.
  • How did the demand for different goods change their value in the 2000s years? Analyze the demand for goods in the 2000s years and their change in value. Why do these fluctuations in demand for products and services occur?
  • The history of economic thought.
  • Soviet Union’s economic timeline: from the new Economic Policy to Reformation. Discuss the economic issues of the Soviet Union from the historical perspective. Why did the Soviet Union collapse? What improvements in the financial sector should have been done?
  • History of France economics over the past 20 years.
  • The history of economic analysis.
  • The concept of serfdom and slavery as the main economic engine of the past. Dive into the idea of feudalism and serfdom. Discuss its social and economic aspects.
  • The World Bank’s structure, history, activities.
  • The history of Islamic banking: concepts and ideas.

💫 How to Write an Economics Essay?

Generally, essay writing on economics has the same structure as any other essay. However, there are some distinctive features of economic papers. Thus, it is essential to figure them out from the very beginning of your work.

You might be wondering what those aspects of the economic paper are. Well, we have an answer.

An economic essay usually relies on the common essay structure.

Below, you will find a detailed plan that explains the fundamental concepts of the essay writing process. So, don’t hesitate to use our tips! They are indeed helpful.

Pick a topic and dissect it. Picking the right topic is the very basis of writing a successful essay. Think of something that you will be interested in and make sure you understand the issue clearly. Also, don’t forget to check our ultimate economics essay topics and samples list!

Research it. After selecting the right idea from our economical essay topics, research your subject thoroughly. Try to find every fascinating and intriguing detail about it. Remember that you can always ask your fellow students, friends, or a teacher for help.

Come up with a thesis statement. A thesis statement is an essential element of your essay. It will determine your focus and guide the readers throughout your paper. Make your thesis secure and try to catch the reader’s attention using context and word choice.

Outline your essay. Never underestimate the power of a well-structured outline! Creating an essay outline can significantly help you to determine your general plan. Evaluate which economic framework you will be using to address the issue. State the main points of your thesis and antithesis. Make sure that they answer the central question of your work.

Write your introduction. First and foremost, a practical introduction should capture the readers’ attention and state the essay’s key topic. So, put enough effort to develop an outstanding introduction. It will create the first impression of your paper.

Moreover, an introduction should include a thesis statement. As we have mentioned above, a thesis plays a crucial role. Thus, make sure it is clearly stated.

Another significant feature of the introduction is its coherence with the body of your essay. Consequently, the introductory paragraph’s last statement has to present the subject of the next section, generically. Also, keep in mind that no more than three key points can be discussed in a paper, even if it is an extended essay.

Thoroughly work on the body paragraphs. Usually, the body of the essay contains several paragraphs. The number of these paragraphs will depend on the nature of your question. Be sure to create one section for every critical point that you make. This will make your paper properly-structured, and the reader will quickly get your ideas. For your convenience, we created a plan to develop your ideas in each paragraph, So, use it and make your writing process easier!

  • Argument. Present your argument in the topic sentence of the paragraph in a way that directly answers the question. A hint: the most effective way to introduce the critical point is to place the topic sentence at the beginning of the paragraph. This will help the readers to concentrate their attention on a specific idea.
  • Comment and discussion. Explain the meaning of your argument and provide an economic analysis. Present clear evidence and persuasive arguments to solidify your position.
  • Connection. Link your comments with the vital point of the paragraph. Demonstrate the coherence of your evidence with the point.
  • Diagrams, tables, charts. If necessary, provide the reader with visual aids. Sometimes, an appropriate diagram or a suitable chart can say more than words. Besides, your paper will look more professional if you use any kind of visual aids.

Conclude your essay. In your conclusion, summarize and synthesize your work by restating your thesis. Also, it is crucial to strengthen it by mentioning the practical value of your findings. Remember to make your essay readable by choosing appropriate wording and avoiding too complex grammar constructions.

Create a reference list at the bottom of your economic essay if you referred to sources.

Thank you for visiting our page! Did you enjoy our article and learned something new? We are glad to help you. Don’t forget to leave a comment and share the article with others!

🔗 References

  • High School Economics Topics: Econlib, The Library of Economics and Liberty
  • Guide to Writing an Economics Essay: The Economics Tutor
  • How to Write the Introduction of Your Development Economics Paper: David Evans, Center For Global Development
  • Senior Essay: Department of Economics, Yale University
  • Developing A Thesis: Maxine Rodburg and The Tutors of the Writing Center at Harvard University
  • Academic Essay Writing, Some Guidelines: Department of Economics, Carleton University
  • The Writing Process: Writing Centre Resource Guide, LibGuides at Dalhousie University
  • Research Papers: KU Writing Center, the University of Kansas
  • Unpacking the Topic: University of Southern Queensland
  • Economic Issues: PIIE, Peterson Institute for International Economics
  • Areas of Research: EPI, Economic Policy Institute
  • Top 100 Economics Blogs Of 2023: Prateek Agarwal, Intelligent Economist
  • Current Environmental Economic Topics, Environmental Economics: US EPA, United States Environmental Protection Agency
  • Hot Topics in the U.S. Economy: The Balance
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Writing for Economics

Up: Economics Network > Writing for Economics

Essay writing

The idea of setting essays is to offer you the chance to make a longer, more complex argument. Nonetheless, in the model we recommend, the fundamentals remain the same. In each paragraph, a flow of main idea (thesis) — explanation / reasoning (justification) — evidence / example (support) is an excellent structure to use. If you read through academic writing, you will find this structure over and over. The same is true for professional writing. There are of course other structures, however this one always works and makes you sound concise and clear.

An essay has conventional sections that it is wise to follow. These are an introduction, main body and a conclusion. The 'LSE' essay structure can be described as 'say what you're going to say (intro), say it in detail (main body), say what you've said (conclusion)'. Although this may appear repetitive, it offers the reader great clarity. Also, if you think about the executive summary, background, analysis and conclusions / recommendations sections of a business report, you can see that a similar structure holds.

In your essay, try to follow this structure for your essay sections.

        Statement about the context of the question — explain why the question in important (either in the 'real' world or for the discipline of economics)

        Give your answer to the question

        Summarise your argument in support of this answer — this summary should match the order of your paragraphs

        Decide on the most logical order of your paragraphs — this might be importance, chronology or causation, but the basic flow should be simple and clear

Start each paragraph with a sentence that clearly addresses the question itself — this will be your thesis for the paragraph and if a reader only read these opening sentences, they should make sense one after the other and provide a summary of your argument Follow the opening 'topic' sentence with your reasoning and evidence for why this opening statement is valid. Be specific, not general. The more detail you can bring in, the more expert you will sound and the more persuasive your argument will be

Conclusion Summarise your argument again — as you did in the intro (different words though!)

        Restate your answer to the essay question

        So what? — say what the significance of your answer is either in the 'real' world or to the discipline of economics

Bibliography

        List the books / articles you read while researching your answer

Below you'll find two essays written by students last year. Bearing the above in mind, decide which one makes the clearer argument and which, therefore, got the higher mark.

In the year 2000, there were auctions of spectrum rights for third generation mobile telephones in several European countries. These auctions generated very different amount of revenue in different countries. How can this be explained?

Auction theory as a very useful brunch of game theory is of the great interest of modern economists. Among other reasons of its popularity stands direct importance of its ideas to modern businesses and governments. Nowadays any business sector is more or less competitive, which requires all it's participants to be dynamic and creative. Modernization and expansion is a vital part of modern business world. Governments, as owners of resources that allow businesses to expand and modernize, are always ready to sell those resources as it will eventually help businesses and certainly bring revenues.

The best way for government to sell available resources is to declare an auction. That's where auction theory comes into play. Modern auction theory is a very powerful tool for designing auctions of very profitable kind. Proper auction design will rise maximum amount of money for the government and provide companies with resources they need. However actions that maximize profits for the government have a direct influence also on the life of the citizens, as Dixit puts it: "...because of significant contributions the budget, auctions affect important macroeconomic magnitudes, such as interest rates".

So, auctions held by government, and to be more specific properly designed actions directly influence the life of modern country. In this essay I would like to make a kind of short review of auctions of spectrum rights for third generation mobile phones held in Europe in year 2000. The peculiarity of these auctions lies in the fact that revenues that were generated by European governments are different as a result of differently designed actions they held. This fact allows as to trace features of the auctions that were successful and resulted in relatively high revenues for the government.

There were 6 European countries to held spectrum right auctions in 2000. They were: United Kingdom, Austria, Germany, Italy, Netherlands and Switzerland. Let's start with United Kingdom as it was the first country to hold such kind of auctions.

Strategy that United Kingdom had chosen was selling 5 licenses during classical ascending auction. Auction resulted in huge revenues: 650 euros per capita. Firstly it should be said that auctions as any normal business activity should be competitive in order to be effective. UK spectrum auction was relatively competitive attracting 13 participants. There are several reasons why this action attracted so many participants. Firstly, UK was the first country in the world to hold spectrum rights auction. Participants were not completely aware of the usefulness of 3G cell phones, but were eager to get competitive advantage in the new generation mobile communication technology. Secondly, UK sold 5 licenses to the market with 4 major phone operators. This fact attracted new entrants, since at least one of the licenses can be potentially won by new entrants to the market. Both this facts generated highly competitive auction environment and limited possible collusions. Result of the auction was a huge success for UK government.

The next country to run spectrum rights auction in 2000 was Netherlands. This auction raised 170 euros per capita. Reason of such flop, comparing to the British result was lack of competition. When auction were run there were 5 major phone operators for 5 licenses to be sold. Few entrants decided to participate in the auction, since everybody was sure that 5 licenses will be distributed among market leaders. Another factor that made things even worse was the fact that that was an ascending auction. In this case with few participants there is a risk of collusion among market leaders. Netherlands would have generated much more money if they would some how encourage competition and change the action design in such a way that it would be possible for participants other than market leaders to place bids independently of each other to reduce collusion (sealed bid).

Italy generated 240 euros per capita and attracted 6 participants. Italy intentionally reduced amount of participants by imposing a requirements that participant of the auction must satisfy. Such situation combined with the fact that Italian auction was ascending could result in possible collusions among competitors. As a result wrong auction design resulted in low revenues.

Swiss auction was a real flop. They generated only 20 euros per capita. Here amount of participants was also artificially limited by allowing participants to join into the groups. And the price that government accepts was also reduced for some reason. Number of participants was sufficient to run profitable auction, but combination of officially permitted collusions and low reserve price resulted in absolutely insufficient revenues.

German and Austrian auctions were similar. Number of participants in both countries' auctions was low, which means that there were risks of collusion. Both countries sold licenses in blocks, allowing "number of winners be determined by bidders". Additionally Austrian government set a very low reserve price. Germany and Austria generated 615 and 100 euros per capita in revenue respectively. Germany designed auction in such a way that bids of two main market players were rationalized in a way that it resulted in high revenues.

Generally, the main difference in revenues generated from spectrum rights auctions can be explained by the difference in chosen auction design. Different auction design results in different amounts of money in revenues. Countries that tried to facilitate competitive bidding and limited the possibilities of collusion enjoyed high revenues.

Klemperer say that what really matters in auction design is "robustness against collusion and attractiveness to entry". Exactly the combination or lack of one of this factors resulted in the difference in the revenues generated by European countries. Any country that wants to increase revenues from auction must try to facilitate the competition among bidders by trying to make participation in auction as attractive as possible and eliminating any barriers for participation. There should be no cooperation between participants, as it will result in lower bids and as a consequence in low revenues. Countries should not choose auction design that facilitates collusion, as ascending auction in our case.

Of course there are several other reasons for difference in revenues, among them there is a fact that UK as a country that run the first spectrum rights auction in the world, might have enjoyed high revenues simply because participants were new to the licenses and had no idea of their true value. Overall economic situations in the counties as well as political might also result in differences in revenues. But the main reason for difference in profitability of the spectrum licenses auctions is difference in auction designs which were effective in some countries and not in the others.

BIBLIOGRAPHY

A.K. Dixit and S. Skeath, Games of Strategy , 2nd edition, Norton, 2004

Paul Klemperer, Auctions: Theory and Practice Electronic version of book on http://www.paulklemperer.org/index.htm

In the year 2000, European auctions of 3G mobile telecommunication licenses raised over 100 billion euros in government revenues. The countries that participated were United Kingdom, Netherlands, Italy, Switzerland, Germany and Austria. There was a big differential between revenues raised in each country with United Kingdom leading at 650 euros per capita and Switzerland coming in last at 20 euros per capita. The reasons for this big discrepancy in revenues is likely due to poor auction designs and the sequence in which the auctions took place.

When it comes to auction design, the two crucial components are attracting entry and preventing collusion. Ascending auctions encourage bidders to act collusively and deter weaker potential bidders as they know that the stronger bidder will always out bid him. On the other hand, (first-price) sealed-bid auctions act in the opposite direction from ascending auctions. It does not give bidders a chance to collude and encourages weaker bidders to participate. However, the disadvantage of using a sealed-bid auction is that it is more likely to lead to inefficient results than an ascending auction. The reason for this is that sometimes bidders with a lower value may beat opponents with a higher value. Hence, there is no perfect auction design and they must be customized to suit different environments and targets.

United Kingdom was the first to hold the auctions and they are a good example of how a well-planned auction design and good marketing strategies can lead to a favourable outcome. As there were five licenses and 4 incumbents, they had an ascending auction. To prevent collusion, each license could not be shared and each bidder was allowed no more than one license. Also, the fact that at least one license was available to new entrants lead to fierce competition from nine new entrants. To top it all off, UK had a solid marketing strategy which was planned over three years (1997 - 2000). All this helped contribute to UK raising 39 billion euros and being the most successful out of all the countries that took part in the 3G auctions.

Netherlands, Italy and Switzerland made the mistake of following UK and carrying out an ascending auction when a sealed-bid auction would have served them better. This resulted in revenues less than that achieved by UK.

In the case of Netherlands, they had five licenses and five incumbents. This deterred new entrants as well as facilitated collusion. For example, Deutsche Telekom colluded with local incumbents to bid for a 3G license. A sealed-bid would have worked better as this would have discouraged joint bidding, raise higher revenues as well as give new entrants a glimmer of hope.

Italy had their auction next but failed to learn from Netherlands and UK. Their auction design was not robust and failed to adapt to the environment in Italy. They adopted the UK design but had the additional rule that if bidders did not exceed licenses, the number of licenses would be reduced. They did not realize that having one more bidder than license does not assure that the outcome will be competitive. Also, Italy had failed to anticipate that firms would react differently to those in Netherlands and UK as they now had more information. Hence, weaker bidders were discouraged by previous auctions and did not bother to participate and since the participation rate was low, it made it easier for the strong bidders to collude. A bad auction design that was not tailored to the Italian environment and a low reserve price resulted in Italy only earning less than 25 billion euros.

Switzerland was the most unsuccessful amongst all the countries that held the auctions. It raised only 20 euros per capita in its ascending auction and this can be attributed to an unfeasible auction design, badly formulated rules and an absurdly low reserve price. Since the beginning, weaker bidders were deterred by the auction form. They felt that they did not stand a chance against the strong bidders and hence did not bother participating. This resulted in little competition. Furthermore, The Swiss government committed auction suicide when they permitted last-minute joint-bidding! This resulted in nine bidders colluding to become just four. The last mistake that the Swiss government made was to set a reserve price that was way too low. Since there were four licenses and four bidders, bidders ended up paying only the reserve price.

Germany and Austria chose a more complicated auction design.

Germany's auction design was an ascending auction of twelve blocks of spectrum from which bidders could create four three-block licenses or six two-block licenses. Germany's auction design was very susceptible to collusion and deterring new entrants but they were lucky and managed to earn high revenues.

Austria, on the other hand, adopted Germany's auction design but was not so lucky and only earned 100 euros per capita. The reason for this was that there were 6 bidders competing for 12 blocks of spectrum and a very low reserve price (one-eight of the reserve price in Germany). So instead of trying to get three blocks of spectrum, the bidders divided the 12 blocks of spectrum equally and paid the reserve price. This reason lead to Austria earning less per capita revenue than UK and Germany.

The other factor that affected the amount of revenue earned by each country was the sequence in which the auctions took place. Looking at the results of the 3G auctions held in 2000, it can be seen that the most successful auctions were the first of their type (United Kingdom and Germany). The reason for this is that between auctions, bidders learnt from previous auctions, came up with new strategies and learnt more about their rivals. However, the auction designs remained almost the same and were unable to keep up with the new ideas the bidders had come up with. This resulted in the later auctions not being as successful as the first.

In conclusion, the reason for the different revenues earned amongst the countries that took part in the 3G auctions is due to the auction designs and the sequence in which they took place. Revenues depend on how well the auction design is able to attract entry and prevent collusion. Also, it has to be able to adapt to new environments. For example, a good auction design takes into account the information bidders have and the knowledge they have gained from previous auctions. A sensible reserve price is of high importance as well and should not be overlooked like in the case of Switzerland and Germany. Lastly, auction design is not "one size fits all" and the failure of the government to design an auction that suited the country's environment lead to different revenues being earned.

References:

A.K. Dixit and S.Skeath, Games of Strategy, 2 nd edition, Norton, 2004

Professor Kenneth Binmore, "Economic Theory Sometimes Works"

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Economics Revision Essay Plans

Last updated 17 Dec 2019

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This series of resources provides revision essay plans for a wide variety of essay topics, including synoptic questions.

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How to Outline an Essay: Basic Essay Outline Template

Written by MasterClass

Last updated: Jun 7, 2021 • 3 min read

Essay outlines are excellent tools for organizing your writing. A strong outline can turn a meandering essay into a focused, persuasive piece of writing.

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How to Write an Essay Outline + Essay Outline Examples

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How to Write an Essay Outline + Essay Outline Examples 

Writing an essay can seem like a daunting task, but one of the best ways to tackle this challenge is to organize your ideas into a well-structured essay outline. This guide will walk you through the process of creating an essay outline, complete with essay outline examples, to ensure your next essay is a masterpiece.

We’ve compiled a variety of essay outline examples to help you understand how to structure your own essay. We'll cover persuasive essays, narrative essays, descriptive essays, expository essays, and even provide a sample research paper outline. Each example will provide you with an idea of how to lay out the structure and details for each type of essay.

Looking for a printable list of essay outline examples? Our printable PDF features essay outline examples and templates that your students can use as examples when writing research papers, or as a supplement for an essay-writing unit

Why write an essay outline? 

An outline serves as the skeleton of your essay, giving you a clear and organized path to articulate your thoughts. Not only does it make writing an essay significantly easier, but it also allows you to present your arguments coherently and effectively.

An essay outline will help you organize your main ideas and determine the order in which you are going to write about them.

Student receives essay feedback A+ . Essay outline examples.

Types of essay outlines

Several types of essay outlines can be used when writing an essay. The two most common types are the alphanumeric outline and the decimal outline.

An alphanumeric outline typically uses Roman numerals, capital letters, Arabic numerals, and lowercase letters, in that order. Each level provides a different level of specificity. This structure is a very effective way to think through how you will organize and present the information in your essay. It also helps you develop a strong argumentative essay.

Alternatively, a decimal outline uses only numbers, and each subsection is a decimal subdivision of the main section. This type of outline is often used in scientific papers.

Persuasive essay outline example 

In the following section, we'll explore a persuasive essay outline example on competitive swimming. The purpose of a persuasive essay is to convince the reader of a particular point of view or idea, using compelling arguments and evidence.

In this case, the argument is that competitive swimming is an ideal sport for kids. The essay will present a series of arguments to support this view, demonstrating the various benefits of competitive swimming for children.

Competitive Swimming, an Ideal Sport for Kids

Introduction

Start your argumentative essay outline by stating your point of view and/or presenting your persuasive argument.

Thesis: Competitive swimming is a great alternative to other youth sports.

Body Paragraph 1

Introduce your primary persuasive argument and provide supporting details in your argumentative essay outline.

Topic Sentence:   Competitive swimming provides the same benefits as other sports.

  • Detail Sentence 1:   It is good exercise and builds muscular strength.
  • Detail Sentence 2:   It promotes cooperation among team members, especially in relays.

Body Paragraph 2

Introduce a secondary argument and provide supporting details.

Topic Sentence:   Competitive swimming provides some unique additional benefits.

  • Detail Sentence 1:   Swimming is an important skill that can be used forever.
  • Detail Sentence 2:  Swimming poses a reduced risk of injury.
  • Detail Sentence 3:   Each swimmer can easily chart his or her own progress.

Conclude your essay writing with a summary of the thesis and persuasive arguments. Brainstorming details that support your point-of-view is a great way to start before creating your outline and first draft.

Concluding Sentence:   There are many reasons why competitive swimming is a great alternative to other youth sports, including...

Narrative essay outline example

In the following section, we will examine a narrative essay outline example titled "How Losing a Swim Meet Made Me a Better Swimmer." Narrative essays aim to tell a story, often about a personal experience, to engage the reader and convey a particular point or lesson.

In this case, the narrative revolves around the author's personal journey of improvement and self-discovery through swimming. The essay will illustrate how an initial setback served as a catalyst for significant improvement and personal growth.

How Losing a Swim Meet Made Me a Better Swimmer

Introduce the subject of your narrative essay using a thesis statement and a plan of development (POD).

Thesis: The first time I participated in a competitive swim meet, I finished in last place. With more focused training and coaching, I was able to finish 2nd in the State Championship meet.

Plan of development:   I was very disappointed in my results from the first meet, so I improved my training and fitness. This helped me swim better and faster, which helped me to greatly improve my results.

Set the scene and provide supporting details. Again, start by brainstorming different ways to begin; then go ahead and craft an outline and a first draft.

Topic Sentence:   I was embarrassed at finishing last in my first competitive swim meet, so I began working on ways to improve my performance.

  • Detail Sentence 1:   I spent extra time with my coach and the team captains learning how to improve my technique.
  • Detail Sentence 2:   I started running and lifting weights to increase my overall fitness level.

Provide additional supporting details, descriptions, and experiences to develop your general idea in your essay writing.

Topic Sentence:   Over time, my results began to improve and I was able to qualify for the state championship meet.

  • Detail Sentence 1:   My technique and fitness level made me faster and able to swim longer distances.
  • Detail Sentence 2:  I steadily got better, and I began winning or placing in the top 3 at most of my meets.
  • Detail Sentence 3:  My results improved to the point that I was able to qualify for the state championship meet.

Body Paragraph 3

The next step in the writing process is to provide additional supporting details, descriptions, and experiences. You can then divide them up under different headings.

Topic Sentence:   With my new confidence, techniques, and fitness level, I was able to finish 2nd at the state championship meet.

  • Detail Sentence 1:   I was able to swim well against a higher level of competition due to my training and technique.
  • Detail Sentence 2:  I was no longer embarrassed about my last-place finish, and was able to use it as motivation!

Conclude the narrative essay with a recap of the events described or a reflection on the lesson learned in the story. Briefly summarize the details you included under each heading.

Concluding Sentence:   I used my last-place finish in my first competitive swim meet as motivation to improve my performance.

Descriptive essay outline example

We will now delve into a descriptive essay outline example. Descriptive essays aim to create a vivid and detailed description of a person, place, object, or event to paint a picture for the reader. The intention is to immerse the reader in the subject matter fully.

In this case, the essay provides an in-depth description of a visit to the Hockey Hall of Fame in Toronto. The essay will use sensory and descriptive details to create a vivid and memorable experience for the reader.

Visiting the Hockey Hall of Fame

Introduce the subject of your descriptive essay with a thesis statement covering the person, place, object, etc. you are writing about.

Thesis: The Hockey Hall of Fame is full of sights, sounds, and experiences that will delight hockey fans of all ages.

Set the scene and provide factual details.

Topic Sentence:   The Hockey Hall of Fame is located in Toronto, Canada and features exhibits from amateur and professional hockey.

  • Detail Sentence 1:   The Hall is located in downtown Toronto and is visited by 1 million people every year.
  • Detail Sentence 2:   You can see exhibits ranging from the early beginnings of the sport to the modern NHL and Olympics.

Provide additional sensory details, descriptions, and experiences.

Topic Sentence:   There are many types of exhibits and shows, including activities you can participate in.

  • Detail Sentence 1:  Player statues, plaques, and jerseys decorate the walls in every room of the Hall.
  • Detail Sentence 2:  Many of the exhibits have movies and multimedia activities that make you feel like you're part of the game.
  • Detail Sentence 3:  You can even practice shooting pucks on virtual versions of some of the game's greatest goalies!

Conclude the essay with a paragraph that restates the thesis and recaps the descriptive and sensory details.

Concluding Sentence:   The Hockey Hall of Fame is an experience that combines the best sights, sounds and history of the game in Toronto.

Expository essay outline example

In the following section, we will explore an example of an expository essay. An expository essay aims to explain or describe a topic using logic. It presents a balanced analysis of a topic based on facts—with no references to the writer’s opinions or emotions.

For this example, the topic is "Why The School Year Should be Shorter". This essay will use logic and reason to demonstrate that a shorter school year could provide various benefits for students, teachers, and school districts.

Why The School Year Should be Shorter

Introduce the primary argument or main point of an expository essay, or other types of academic writing, using a thesis statement and context.

Thesis: The school year is too long, and should be shortened to benefit students and teachers, save districts money, and improve test scores and academic results. Other countries have shorter school years, and achieve better results.

Describe the primary argument and provide supporting details and evidence.

Topic Sentence:   A shorter school year would benefit students and teachers by giving them more time off.

  • Detail Sentence 1:   Students and teachers would be able to spend more time with their families.
  • Detail Sentence 2:  Teachers would be refreshed and rejuvenated and able to teach more effectively.

Provide additional supporting details and evidence, as in this essay outline example.

Topic Sentence:  A shorter school year would save school districts millions of dollars per year.

  • Detail Sentence 1:   Districts could save money on energy costs by keeping schools closed longer.
  • Detail Sentence 2:  A shorter school year means much lower supply and transportation costs.
  • Detail Sentence 3:  Well-rested and happy students would help improve test scores.

Provide additional or supplemental supporting details, evidence, and analysis, as in the essay outline example.

Topic Sentence:   Shortening the school year would also provide many benefits for parents and caregivers.

  • Detail Sentence 1:   A shorter school year would mean less stress and running around for parents.
  • Detail Sentence 2:  Caregivers would have more balance in their lives with fewer days in the school year.

Conclude the essay with an overview of the main argument, and highlight the importance of your evidence and conclusion.

Concluding Sentence:   Shortening the school year would be a great way to improve the quality of life for students, teachers, and parents while saving money for districts and improving academic results.

Sample research paper outline

Now let’s dive into a research paper outline. Unlike a typical essay, a research paper presents a thorough and detailed study on a specific topic. However, it shares the same foundation with an essay in terms of structuring the ideas logically and coherently. The outline for a research paper includes an introduction, a series of topic points that cover various aspects of the main topic, and a conclusion.

This research paper will explore the background of Mt. Everest, the major explorers who attempted its summit, and the impact of these expeditions on Mt. Everest and the local community.

The Conquest of Mt. Everest

  • Location of Mt. Everest
  • Geography of the Surrounding Area
  • Height of the mountain
  • Jomolungma (Tibetan name)
  • Sagarmatha (Nepalese name)
  • The number of people who have climbed Everest to date
  • First to reach the summit (1953)
  • Led a team of experienced mountain climbers who worked together
  • Norgay was an experienced climber and guide who accompanied Hillary
  • Sherpas still used to guide expeditions
  • Leader of the failed 1996 expedition
  • Led group of (mainly) tourists with little mountain climbing experience
  • Loss of trees due to high demand for wood for cooking and heating for tourists.
  • Piles of trash left by climbing expeditions
  • Expedition fees provide income for the country
  • Expeditions provide work for the Sherpas, contributing to the local economy.
  • Introduction of motor vehicles
  • Introduction of electricity

The Everest essay outline template is based on a research paper submitted by Alexandra Ferber, 9th grade.

Happy writing!

Writing an essay outline is a crucial step in crafting a well-structured and coherent essay. Regardless of the type of essay - be it persuasive, narrative, descriptive, expository, or a research paper - an outline serves as a roadmap that organizes your thoughts and guides your writing process. The various essay outline examples provided above serve as a guide to help you structure your own essay. Remember, the key to a great essay lies not just in the content but in its organization and flow. Happy writing!

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Essay on Inflation: Types, Causes and Effects

economy essay outline

Essay on Inflation!

Essay on the Meaning of Inflation:

Inflation and unemployment are the two most talked-about words in the contemporary society. These two are the big problems that plague all the economies. Almost everyone is sure that he knows what inflation exactly is, but it remains a source of great deal of confusion because it is difficult to define it unambiguously.

Inflation is often defined in terms of its supposed causes. Inflation exists when money supply exceeds available goods and services. Or inflation is attributed to budget deficit financing. A deficit budget may be financed by additional money creation. But the situation of monetary expansion or budget deficit may not cause price level to rise. Hence the difficulty of defining ‘inflation’ .

Inflation may be defined as ‘a sustained upward trend in the general level of prices’ and not the price of only one or two goods. G. Ackley defined inflation as ‘a persistent and appreciable rise in the general level or average of prices’ . In other words, inflation is a state of rising price level, but not rise in the price level. It is not high prices but rising prices that constitute inflation.

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It is an increase in the overall price level. A small rise in prices or a sudden rise in prices is not inflation since these may reflect the short term workings of the market. It is to be pointed out here that inflation is a state of disequilibrium when there occurs a sustained rise in price level.

It is inflation if the prices of most goods go up. However, it is difficult to detect whether there is an upward trend in prices and whether this trend is sustained. That is why inflation is difficult to define in an unambiguous sense.

Let’s measure inflation rate. Suppose, in December 2007, the consumer price index was 193.6 and, in December 2008 it was 223.8. Thus the inflation rate during the last one year was 223.8 – 193.6/193.6 × 100 = 15.6%.

As inflation is a state of rising prices, deflation may be defined as a state of falling prices but not fall in prices. Deflation is, thus, the opposite of inflation, i.e., rise in the value or purchasing power of money. Disinflation is a slowing down of the rate of inflation.

Essay on the Types of Inflation :

As the nature of inflation is not uniform in an economy for all the time, it is wise to distinguish between different types of inflation. Such analysis is useful to study the distributional and other effects of inflation as well as to recommend anti-inflationary policies.

Inflation may be caused by a variety of factors. Its intensity or pace may be different at different times. It may also be classified in accordance with the reactions of the government toward inflation.

Thus, one may observe different types of inflation in the contemporary society:

(a) According to Causes:

i. Currency Inflation:

This type of inflation is caused by the printing of currency notes.

ii. Credit Inflation:

Being profit-making institutions, commercial banks sanction more loans and advances to the public than what the economy needs. Such credit expansion leads to a rise in price level.

iii. Deficit-Induced Inflation:

The budget of the government reflects a deficit when expenditure exceeds revenue. To meet this gap, the government may ask the central bank to print additional money. Since pumping of additional money is required to meet the budget deficit, any price rise may be called deficit-induced inflation.

iv. Demand-Pull Inflation:

An increase in aggregate demand over the available output leads to a rise in the price level. Such inflation is called demand-pull inflation (henceforth DPI). But why does aggregate demand rise? Classical economists attribute this rise in aggregate demand to money supply.

If the supply of money in an economy exceeds the available goods and services, DPI appears. It has been described by Coulborn as a situation of “too much money chasing too few goods” .

economy essay outline

Note that, in this region, price level begins to rise. Ultimately, the economy reaches full employment situation, i.e., Range 3, where output does not rise but price level is pulled upward. This is demand-pull inflation. The essence of this type of inflation is “too much spending chasing too few goods.”

v. Cost-Push Inflation:

Inflation in an economy may arise from the overall increase in the cost of production. This type of inflation is known as cost-push inflation (henceforth CPI). Cost of production may rise due to increase in the price of raw materials, wages, etc. Often trade unions are blamed for wage rise since wage rate is not market-determined. Higher wage means higher cost of production.

Prices of commodities are thereby increased. A wage-price spiral comes into operation. But, at the same time, firms are to be blamed also for the price rise since they simply raise prices to expand their profit margins. Thus we have two important variants of CPI: wage-push inflation and profit-push inflation. Anyway, CPI stems from the leftward shift of the aggregate supply curve.

economy essay outline

The price level thus determined is OP 1 . As aggregate demand curve shifts to AD 2 , price level rises to OP 2 . Thus, an increase in aggregate demand at the full employment stage leads to an increase in price level only, rather than the level of output. However, how much price level will rise following an increase in aggregate demand depends on the slope of the AS curve.

Causes of Demand-Pull Inflation :

DPI originates in the monetary sector. Monetarists’ argument that “only money matters” is based on the assumption that at or near full employment, excessive money supply will increase aggregate demand and will thus cause inflation.

An increase in nominal money supply shifts aggregate demand curve rightward. This enables people to hold excess cash balances. Spending of excess cash balances by them causes price level to rise. Price level will continue to rise until aggregate demand equals aggregate supply.

Keynesians argue that inflation originates in the non-monetary sector or the real sector. Aggregate demand may rise if there is an increase in consumption expenditure following a tax cut. There may be an autonomous increase in business investment or government expenditure. Governmental expenditure is inflationary if the needed money is procured by the government by printing additional money.

In brief, an increase in aggregate demand i.e., increase in (C + I + G + X – M) causes price level to rise. However, aggregate demand may rise following an increase in money supply generated by the printing of additional money (classical argument) which drives prices upward. Thus, money plays a vital role. That is why Milton Friedman believes that inflation is always and everywhere a monetary phenomenon.

There are other reasons that may push aggregate demand and, hence, price level upwards. For instance, growth of population stimulates aggregate demand. Higher export earnings increase the purchasing power of the exporting countries.

Additional purchasing power means additional aggregate demand. Purchasing power and, hence, aggregate demand, may also go up if government repays public debt. Again, there is a tendency on the part of the holders of black money to spend on conspicuous consumption goods. Such tendency fuels inflationary fire. Thus, DPI is caused by a variety of factors.

Cost-Push Inflation Theory :

In addition to aggregate demand, aggregate supply also generates inflationary process. As inflation is caused by a leftward shift of the aggregate supply, we call it CPI. CPI is usually associated with the non-monetary factors. CPI arises due to the increase in cost of production. Cost of production may rise due to a rise in the cost of raw materials or increase in wages.

Such increases in costs are passed on to consumers by firms by raising the prices of the products. Rising wages lead to rising costs. Rising costs lead to rising prices. And rising prices, again, prompt trade unions to demand higher wages. Thus, an inflationary wage-price spiral starts.

This causes aggregate supply curve to shift leftward. This can be demonstrated graphically (Fig. 11.4) where AS 1 is the initial aggregate supply curve. Below the full employment stage this AS curve is positive sloping and at full employment stage it becomes perfectly inelastic. Intersection point (E 1 ) of AD 1 and AS 1 curves determines the price level.

CPI: Shifts in AS Curve

Now, there is a leftward shift of aggregate supply curve to AS 2 . With no change in aggregate demand, this causes price level to rise to OP 2 and output to fall to OY 2 .

With the reduction in output, employment in the economy declines or unemployment rises. Further shift in the AS curve to AS 2 results in higher price level (OP 3 ) and a lower volume of aggregate output (OY 3 ). Thus, CPI may arise even below the full employment (Y f ) stage.

Causes of CPI :

It is the cost factors that pull the prices upward. One of the important causes of price rise is the rise in price of raw materials. For instance, by an administrative order the government may hike the price of petrol or diesel or freight rate. Firms buy these inputs now at a higher price. This leads to an upward pressure on cost of production.

Not only this, CPI is often imported from outside the economy. Increase in the price of petrol by OPEC compels the government to increase the price of petrol and diesel. These two important raw materials are needed by every sector, especially the transport sector. As a result, transport costs go up resulting in higher general price level.

Again, CPI may be induced by wage-push inflation or profit-push inflation. Trade unions demand higher money wages as a compensation against inflationary price rise. If increase in money wages exceeds labour productivity, aggregate supply will shift upward and leftward. Firms often exercise power by pushing up prices independently of consumer demand to expand their profit margins.

Fiscal policy changes, such as an increase in tax rates leads to an upward pressure in cost of production. For instance, an overall increase in excise tax of mass consumption goods is definitely inflationary. That is why government is then accused of causing inflation.

Finally, production setbacks may result in decreases in output. Natural disaster, exhaustion of natural resources, work stoppages, electric power cuts, etc., may cause aggregate output to decline.

In the midst of this output reduction, artificial scarcity of any goods by traders and hoarders just simply ignite the situation.

Inefficiency, corruption, mismanagement of the economy may also be the other reasons. Thus, inflation is caused by the interplay of various factors. A particular factor cannot be held responsible for inflationary price rise.

Essay on the Effects of Inflation :

People’s desires are inconsistent. When they act as buyers they want prices of goods and services to remain stable but as sellers they expect the prices of goods and services should go up. Such a happy outcome may arise for some individuals; “but, when this happens, others will be getting the worst of both worlds.” Since inflation reduces purchasing power it is bad.

The old people are in the habit of recalling the days when the price of say, meat per kilogram cost just 10 rupees. Today it is Rs. 250 per kilogram. This is true for all other commodities. When they enjoyed a better living standard. Imagine today, how worse we are! But meanwhile, wages and salaries of people have risen to a great height, compared to the ‘good old days’. This goes unusually untold.

When price level goes up, there is both a gainer and a loser. To evaluate the consequence of inflation, one must identify the nature of inflation which may be anticipated and unanticipated. If inflation is anticipated, people can adjust with the new situation and costs of inflation to the society will be smaller.

In reality, people cannot predict accurately future events or people often make mistakes in predicting the course of inflation. In other words, inflation may be unanticipated when people fail to adjust completely. This creates various problems.

One can study the effects of unanticipated inflation under two broad headings:

(i) Effect on distribution of income and wealth

(ii) Effect on economic growth.

(a) Effects of Inflation on Income and Wealth Distribution :

During inflation, usually people experience rise in incomes. But some people gain during inflation at the expense of others. Some individuals gain because their money incomes rise more rapidly than the prices and some lose because prices rise more rapidly than their incomes during inflation. Thus, it redistributes income and wealth.

Though no conclusive evidence can be cited, it can be asserted that following categories of people are affected by inflation differently:

i. Creditors and Debtors:

Borrowers gain and lenders lose during inflation because debts are fixed in rupee terms. When debts are repaid their real value declines by the price level increase and, hence, creditors lose. An individual may be interested in buying a house by taking a loan of Rs. 7 lakh from an institution for 7 years.

The borrower now welcomes inflation since he will have to pay less in real terms than when it was borrowed. Lender, in the process, loses since the rate of interest payable remains unaltered as per agreement. Because of inflation, the borrower is given ‘dear’ rupees, but pays back ‘cheap’ rupees.

However, if in an inflation-ridden economy creditors chronically loose, it is wise not to advance loans or to shut down business. Never does it happen. Rather, the loan- giving institution makes adequate safeguard against the erosion of real value.

ii. Bond and Debenture-Holders:

In an economy, there are some people who live on interest income—they suffer most.

Bondholders earn fixed interest income:

These people suffer a reduction in real income when prices rise. In other words, the value of one’s savings decline if the interest rate falls short of inflation rate. Similarly, beneficiaries from life insurance programmes are also hit badly by inflation since real value of savings deteriorate.

iii. Investors:

People who put their money in shares during inflation are expected to gain since the possibility of earning business profit brightens. Higher profit induces owners of firms to distribute profit among investors or shareholders.

iv. Salaried People and Wage-Earners:

Anyone earning a fixed income is damaged by inflation. Sometimes, unionized worker succeeds in raising wage rates of white-collar workers as a compensation against price rise. But wage rate changes with a long time lag. In other words, wage rate increases always lag behind price increases.

Naturally, inflation results in a reduction in real purchasing power of fixed income earners. On the other hand, people earning flexible incomes may gain during inflation. The nominal incomes of such people outstrip the general price rise. As a result, real incomes of this income group increase.

v. Profit-Earners, Speculators and Black Marketeers:

It is argued that profit-earners gain from inflation. Profit tends to rise during inflation. Seeing inflation, businessmen raise the prices of their products. This results in a bigger profit. Profit margin, however, may not be high when the rate of inflation climbs to a high level.

However, speculators dealing in business in essential commodities usually stand to gain by inflation. Black marketeers are also benefited by inflation.

Thus, there occurs a redistribution of income and wealth. It is said that rich becomes richer and poor becomes poorer during inflation. However, no such hard and fast generalizations can be made. It is clear that someone wins and someone loses from inflation.

These effects of inflation may persist if inflation is unanticipated. However, the redistributive burdens of inflation on income and wealth are most likely to be minimal if inflation is anticipated by the people.

With anticipated inflation, people can build up their strategies to cope with inflation. If the annual rate of inflation in an economy is anticipated correctly people will try to protect them against losses resulting from inflation.

Workers will demand 10 p.c. wage increase if inflation is expected to rise by 10 p.c. Similarly, a percentage of inflation premium will be demanded by creditors from debtors. Business firms will also fix prices of their products in accordance with the anticipated price rise. Now if the entire society “learns to live with inflation” , the redistributive effect of inflation will be minimal.

However, it is difficult to anticipate properly every episode of inflation. Further, even if it is anticipated it cannot be perfect. In addition, adjustment with the new expected inflationary conditions may not be possible for all categories of people. Thus, adverse redistributive effects are likely to occur.

Finally, anticipated inflation may also be costly to the society. If people’s expectation regarding future price rise become stronger they will hold less liquid money. Mere holding of cash balances during inflation is unwise since its real value declines. That is why people use their money balances in buying real estate, gold, jewellery, etc.

Such investment is referred to as unproductive investment. Thus, during inflation of anticipated variety, there occurs a diversion of resources from priority to non-priority or unproductive sectors.

b. Effect on Production and Economic Growth :

Inflation may or may not result in higher output. Below the full employment stage, inflation has a favourable effect on production. In general, profit is a rising function of the price level. An inflationary situation gives an incentive to businessmen to raise prices of their products so as to earn higher doses of profit.

Rising price and rising profit encourage firms to make larger investments. As a result, the multiplier effect of investment will come into operation resulting in higher national output. However, such a favourable effect of inflation will be temporary if wages and production costs rise very rapidly.

Further, inflationary situation may be associated with the fall in output, particularly if inflation is of the cost-push variety. Thus, there is no strict relationship between prices and output. An increase in aggregate demand will increase both prices and output, but a supply shock will raise prices and lower output.

Inflation may also lower down further production levels. It is commonly assumed that if inflationary tendencies nurtured by experienced inflation persist in future, people will now save less and consume more. Rising saving propensities will result in lower further outputs.

One may also argue that inflation creates an air of uncertainty in the minds of business community, particularly when the rate of inflation fluctuates. In the midst of rising inflationary trend, firms cannot accurately estimate their costs and revenues. Under the circumstance, business firms may be deterred in investing. This will adversely affect the growth performance of the economy.

However, slight dose of inflation is necessary for economic growth. Mild inflation has an encouraging effect on national output. But it is difficult to make the price rise of a creeping variety. High rate of inflation acts as a disincentive to long run economic growth. The way the hyperinflation affects economic growth is summed up here.

We know that hyperinflation discourages savings. A fall in savings means a lower rate of capital formation. A low rate of capital formation hinders economic growth. Further, during excessive price rise, there occurs an increase in unproductive investment in real estate, gold, jewellery, etc.

Above all, speculative businesses flourish during inflation resulting in artificial scarcities and, hence, further rise in prices. Again, following hyperinflation, export earnings decline resulting in a wide imbalance in the balance of payments account.

Often, galloping inflation results in a ‘flight’ of capital to foreign countries since people lose confidence and faith over the monetary arrangements of the country, thereby resulting in a scarcity of resources. Finally, real value of tax revenue also declines under the impact of hyperinflation. Government then experiences a shortfall in investible resources.

Thus, economists and policy makers are unanimous regarding the dangers of high price rise. But the consequence of hyperinflation is disastrous. In the past, some of the world economies (e.g., Germany after the First World War (1914-1918), Latin American countries in the 1980s) had been greatly ravaged by hyperinflation.

The German Inflation of 1920s was also Catastrophic:

During 1922, the German price level went up 5,470 per cent, in 1923, the situation worsened; the German price level rose 1,300,000,000 times. By October of 1923, the postage of the lightest letter sent from Germany to the United States was 200,000 marks.

Butter cost 1.5 million marks per pound, meat 2 million marks, a loaf of bread 200,000 marks, and an egg 60,000 marks Prices increased so rapidly that waiters changed the prices on the menu several times during the course of a lunch!! Sometimes, customers had to pay double the price listed on the menu when they observed it first!!!

During October 2008, Zimbabwe, under the President-ship of Robert G. Mugabe, experienced 231,000,000 p.c. (2.31 million p.c.) as against 1.2 million p.c. price rise in September 2008—a record after 1923. It is an unbelievable rate. In May 2008, the cost of price of a toilet paper itself and not the costs of the roll of the toilet paper came to 417 Zimbabwean dollars.

Anyway, people are harassed ultimately by the high rate of inflation. That is why it is said that ‘inflation is our public enemy number one’. Rising inflation rate is a sign of failure on the part of the government.

Related Articles:

  • Essay on the Causes of Inflation (473 Words)
  • Cost-Push Inflation and Demand-Pull or Mixed Inflation
  • Demand Pull Inflation and Cost Push Inflation | Money
  • Essay on Inflation: Meaning, Measurement and Causes

Great Economics Essay Topics for Deeper Insight and Understanding

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Table of contents

  • 1 Economic History Topics
  • 2 Macro and Microeconomics Essay Topics
  • 3 Healthcare Economics Essay Topics
  • 4 Socio-Economic Analysis Essay Topics
  • 5 Consumerism-Related Topics for Research Papers
  • 6 Public Economic Development Essay Topics
  • 7 Topics for Finance Economic Paper
  • 8 Essay Topics about Taxes
  • 9 Economic Analysis on Human Development Paper Topic Ideas
  • 10 Labor and Economic Growth Essay Topics
  • 11 Essay Topics on the Economic Theory of Employment
  • 12 Conclusion

If you have difficulties coming up with a topic for your writing – paper writing service is here for you. In the process of studying, you will often encounter the need to write an economics essay in various fields. Among the variety of economics research directions and a wide range of problems to study, it is sometimes difficult to formulate the research topic when writing essays. In this article, we will consider the most relevant and interesting essay topics for study.

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Economic History Topics

The study of economic history implies a detailed consideration of the very phenomenon of science. With the help of historical and statistical methods, you have to study the links between modern economies and historical events, the economic marvel that affected the course of global economic development.

  • The Industrial Revolution: Analyzing the Economic and Social Transformations of the 19th Century.
  • The Great Depression: Understanding the Causes and Consequences of the Economic Crisis of the 1930s.
  • Examining the Costs and Benefits of Military Conflict on National Economies.
  • The Rise and Fall of Communism: Analyzing the Economic and Political Implications of Socialist Systems.
  • Understanding the Economic Impacts of Increasing International Trade and Investment.
  • Examining the Impacts of Imperialism on Economic Development.
  • Evolution of Currency and Monetary Systems.
  • The Origins of Capitalism: Understanding the Economic and Social Forces that Shaped Modern Markets.
  • Economic and Agricultural Impacts of Technological Innovations in Farming.

Macro and Microeconomics Essay Topics

Let’s look at the broadest scientific field for economics research. The subject of studies of Macroeconomics is the global economy. It examines the economic data of entire countries and unions, studying international economics. While Microeconomics explores the individual level in the context of an enterprise, small and medium businesses. It also discovers such components of the market as international trade, stock market, microeconomics of migration industrial organization microeconomics.

  • Fiscal and Monetary Policy: The Role of Government in Influencing the Economy through Tax Policies and Monetary Policy.
  • International Trade: The Impact of Globalization on the Economy, Including the Effects of Tariffs, Trade Agreements, and Currency Exchange Rates.
  • Business Cycles: The Natural Fluctuations of the Economy and the Causes and Consequences of Booms and Busts.
  • Inflation and Deflation: The Impact of Changes in the Price Level of Goods and Services on the Economy and Its Consumers.
  • The Factors That Contribute to the Long-Term Growth of an Economy and the Importance of Investment, Innovation, and Productivity.
  • The Distribution of Wealth and Income in an Economy and the Impact of Policies Aimed At Reducing Income Inequality.
  • The Role of Banks, Stock Markets, and Other Financial Institutions in the Economy and the Impact of Financial Crises.
  • The Impact of Government Debt on Economic Growth.
  • Exploring the Functions and Policies of Central Banks and Their Impact on the Economy.
  • Primary Economic Endeavors of the Geographic Area Colonies Lumber
  • Macroeconomic Effects of International Capital Flows.
  • Theories of Economic Growth: Analyzing Different Theories of Economic Growth, Including Endogenous Growth Theory and Neoclassical Growth Theory.
  • Exploring Methods and Techniques for Forecasting Key Economic Variables Such as GDP, Inflation, and Employment.
  • Examining the Different Types of Market Failures, Including Externalities, Public Goods, and Monopolies, and Exploring Different Policy Approaches for Addressing Market Failures.
  • Investigating How Firms Produce Goods and Services and Exploring How Production Costs Impact Market Outcomes.
  • Analyzing the Conditions Necessary for Perfect Competition and Exploring the Implications for Market Outcomes.
  • The Economics of Oligopoly: Examining the Behavior of Firms in Oligopoly Markets and Exploring the Impact on Market Outcomes.
  • The Future of Work: Microeconomic Impacts of Automation and Artificial Intelligence.
  • The Economics of Education: Analyzing the Costs and Benefits of Higher Learning.
  • The Effects of Macroeconomics on the Housing Market.

Healthcare Economics Essay Topics

Healthcare economics is based on the study of factors affecting the cost of the industry as well as pricing policy depending on the current spending. This implies the economic research of complicated healthcare systems with the aim of financial analysis. You can choose to analyze patient satisfaction economics, international criminal justice, sports economics, and talent economics as important healthcare issues.

  • The Rising Cost of Healthcare: Analyzing the Impact of Inflation and Technology.
  • Examining the Economic Benefits and Challenges of Single-Payer Systems.
  • Understanding the Economics Behind the Cost of Prescription Drugs.
  • Health Insurance Markets: Analyzing the Role of Competition and Regulation.
  • Healthcare Workforce: Examining the Economics of Physician Shortages and Nurse Staffing.
  • The Economics of Medical Innovation: Balancing Costs and Benefits.
  • The Role of Prevention in Healthcare Economics: Cost Savings and Quality of Life.
  • Examining the Costs and Benefits of Investing in Behavioral Health Services.
  • The Economics of Happiness: Measuring the Relationship Between Income and Well-Being.

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Socio-Economic Analysis Essay Topics

Socio economic essay topics revolve around the analysis of key economic features, the causes and consequences of financial decisions, and their significance for society. The ultimate goal of economics research is to evaluate the social and economic impact and to detect malicious features that can undermine a nation’s economic stability.

  • Social and Economic Impacts of Unequal Distribution of Wealth.
  • Socio-Economic Implications of Independent Work and Flexible Labor Arrangements.
  • Analyzing the Impacts of Migration on Social and Economic Outcomes.
  • The Sociology of Poverty: Understanding the Causes and Consequences of Economic Deprivation.
  • Social Entrepreneurship: Examining the Role of Business in Addressing Societal Challenges and Inequalities.
  • Understanding the Social and Economic Implications of an Aging Population.
  • Examining the Socio-Economic Differences Between Rural and Urban Areas.
  • The Impact of Migrant Remittance on Economic Development .

Consumerism-Related Topics for Research Papers

This branch of economics research studies consumer behavior trends, namely the impact of personal economics on the common good. For example, some scientists believe that increased consumption has a positive effect on production trends. While other experts believe that such inequalities are unacceptable and adhere to the economic policy of sustainable development. A sustainable economy has recently become the center of scientific concern and a vast amount of economic essay topics.

  • The Psychology of Consumerism: Understanding the Emotional Drivers Behind Shopping Habits.
  • Sustainable Consumerism: Examining the Economic and Environmental Impacts of Ethical Consumption.
  • Analyzing the Influence of Marketing on Purchasing Decisions.
  • Examining the Economic Costs and Social Consequences of Overconsumption.
  • The Economics of Branding: Understanding the Value of Brand Names and Logos.
  • The Sharing Economy: Analyzing the Economic Impacts of Collaborative Consumption.
  • The Rise of E-commerce: Examining the Advantages and Disadvantages of Online Shopping.
  • The Consumer Society: Analyzing the Role of Materialism in Modern Culture.
  • The Future of Consumerism: Exploring Emerging Trends and Their Economic Implications.

Public Economic Development Essay Topics

If you’re choosing public development as your economics essay subject, you should include an economic evaluation of basic concepts that are related to social welfare. This area may include the city’s economy comparative analysis as a part of urban economics, law enforcement studies, and many other social domains.

  • Fiscal Policy and Economic Growth: Analyzing the Role of Government Spending and Taxation.
  • Public Debt and Deficits: Examining the Economic Impacts of Government Borrowing.
  • Taxation and Social Welfare: Balancing Economic Efficiency and Equity.
  • The Economics of Government Procurement: Analyzing the Costs and Benefits of Public Contracting.
  • The Economics of Healthcare Financing: Understanding the Costs and Benefits of Different Payment Systems.
  • Municipal Finance: Analyzing the Economics of Local Government Budgeting and Expenditure.
  • Sovereign Debt Crises: Analyzing the Economic Implications of Debt Defaults and Restructurings.

Topics for Finance Economic Paper

Your economics essay in financial management is going to revolve around the system of planning and apportionment of funds in markets. You can choose anything from urban finance and aggregate economics to critical analysis of foreign direct investment in inter international economy.

  • The Future of Fintech: Exploring Emerging Trends and their Financial Implications.
  • Examining the Economic Impacts of Government Oversight and Policy.
  • Investment Banking: Analyzing the Economics of Securities Underwriting and Capital Raising.
  • The Economics of Real Estate Investment: Understanding Property Markets and Valuations.
  • Risk Management: Examining the Economics of Hedging Strategies and Portfolio Diversification.
  • Financial Markets and Globalization: Analyzing the Economic Implications of International Capital Flows.
  • The Economics of Venture Capital: Understanding the Role of Risk Capital in Entrepreneurship and Innovation.

Essay Topics about Taxes

Economic essay topics about taxes imply a comparative analysis of different taxation systems. Research on this topic will concern not only the tax system itself but also the study of bypass schemes, offshore zones, and other tricks. One example of intriguing economics topics is the study of the detrimental effects of taxes on ecology, as the problems of environmental protection remain unresolved.

  • Examining the Relationship between Government Revenue and Entrepreneurship.
  • The Costs and Benefits of Different Tax Systems.
  • The Ethics of Taxation: Analyzing the Social and Economic Implications of Taxation on Income Distribution.
  • Understanding the Economics of Offshore Tax Evasion and Avoidance.
  • The History of Taxation: Examining the Evolution of Taxation Systems from Ancient Times to the Present.
  • The Economic Impacts of Taxes on Carbon Emissions and Pollution.
  • Impacts of Sales Tax and Value-Added Tax on Consumer Behavior.

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Economic Analysis on Human Development Paper Topic Ideas

Human development centers on the role of the public in economic convergence. You are supposed to concentrate on critical analysis of the progress of humanity, the level of life in developed and developing countries, track of economic behavior that leads to rapid economic growth, as well as the correct usage of scarce resources for general well-being.

  • The Role of Gender Equality in Economic and Social Progress.
  • Analyzing the Measurement and Evolution of Global Human Development.
  • Understanding the Cognitive and Emotional Factors that Shape Human Growth.
  • Analyzing the Role of Government Policies in Promoting Human Well-being.
  • Supporting Women’s Economic Empowerment in Fragile States .
  • The Relationship between Health Outcomes and Economic and Social Progress.
  • Positive and Negative Impacts of Technological Advances on Human Progress.
  • Exploring Emerging Trends and Challenges in Promoting Sustainable Human Development.

Labor and Economic Growth Essay Topics

Labor economics essay topics involve analysis of the labor force as an integral part of production. Among the topic ideas, you can study such economic problems as the correlation between population growth and surplus labor force in developing nations.

  • Economic Impacts of Freelance Work and Contingent Labor.
  • Impacts of Immigration on Labor Markets and Economic Growth.
  • Understanding the Factors that Contribute to Pay Disparities between Men and Women.
  • The Role of Unions in the Labor Market.
  • Examining the Economic Impacts of Minimum Wage Laws on Employment and Wages.
  • Labor Mobility: Understanding the Impacts of Labor Migration on Regional and National Labor Markets.
  • The Economics of Discrimination: Impacts of Race, Ethnicity, and Gender on Labor Market Outcomes.
  • Technological and Demographic Change on the Labor Market.

Essay Topics on the Economic Theory of Employment

Economics topics that consider the theory of employment study the decisions in the field of the labor force. In the coursework of research, you may study the services that individuals provide, the benefits of a cashless economy and its payment methods, and which role statistical data play in fulfilling the labor market needs.

  • Analyzing the Impacts of Technological and Demographic Changes on Employment.
  • Factors that Contribute to Employment Growth.
  • Economic Benefits in Attracting and Retaining Employees.
  • Examining the Economic Impacts of Employment Policies and Programs.
  • Understanding the Impacts of Workplace Environment and Culture on Employee Performance.
  • Impacts of Aging Populations and Retirement Trends on the Labor Market.
  • Capitalism and the Use of Disaster to Increase Economic Power .

Whatever topic you choose for your economics research, make sure it is within your field of interest. Scientific work always goes smoothly when you are motivated to bring newness to the underlying concepts. We wish you good luck with this difficult choice, as all economics essay topics are fascinating, and your task as a research paper writer is to bring your individual perspective to science.

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Research Topics in Education: Frontiers of Learning

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economy essay outline

United Nations Sustainable Development Logo

Goal 5: Achieve gender equality and empower all women and girls

Gender equality is not only a fundamental human right, but a necessary foundation for a peaceful, prosperous and sustainable world. There has been progress over the last decades, but the world is not on track to achieve gender equality by 2030.

Women and girls represent half of the world’s population and therefore also half of its potential. But gender inequality persists everywhere and stagnates social progress. On average, women in the labor market still earn 23 percent less than men globally and women spend about three times as many hours in unpaid domestic and care work as men.

Sexual violence and exploitation, the unequal division of unpaid care and domestic work, and discrimination in public office, all remain huge barriers. All these areas of inequality have been exacerbated by the COVID-19 pandemic: there has been a surge in reports of sexual violence, women have taken on more care work due to school closures, and 70% of health and social workers globally are women.

At the current rate, it will take an estimated 300 years to end child marriage, 286 years to close gaps in legal protection and remove discriminatory laws, 140 years for women to be represented equally in positions of power and leadership in the workplace, and 47 years to achieve equal representation in national parliaments.

Political leadership, investments and comprehensive policy reforms are needed to dismantle systemic barriers to achieving Goal 5 Gender equality is a cross-cutting objective and must be a key focus of national policies, budgets and institutions.

How much progress have we made?

International commitments to advance gender equality have brought about improvements in some areas: child marriage and female genital mutilation (FGM) have declined in recent years, and women’s representation in the political arena is higher than ever before. But the promise of a world in which every woman and girl enjoys full gender equality, and where all legal, social and economic barriers to their empowerment have been removed, remains unfulfilled. In fact, that goal is probably even more distant than before, since women and girls are being hit hard by the COVID-19 pandemic.

Are they any other gender-related challenges?

Yes. Worldwide, nearly half of married women lack decision-making power over their sexual and reproductive health and rights. 35 per cent of women between 15-49 years of age have experienced physical and/ or sexual intimate partner violence or non-partner sexual violence.1 in 3 girls aged 15-19 have experienced some form of female genital mutilation/cutting in the 30 countries in Africa and the Middle East, where the harmful practice is most common with a high risk of prolonged bleeding, infection (including HIV), childbirth complications, infertility and death.

This type of violence doesn’t just harm individual women and girls; it also undermines their overall quality of life and hinders their active involvement in society.

Why should gender equality matter to me?

Regardless of where you live in, gender equality is a fundamental human right. Advancing gender equality is critical to all areas of a healthy society, from reducing poverty to promoting the health, education, protection and the well-being of girls and boys.

What can we do?

If you are a girl, you can stay in school, help empower your female classmates to do the same and fight for your right to access sexual and reproductive health services. If you are a woman, you can address unconscious biases and implicit associations that form an unintended and often an invisible barrier to equal opportunity.

If you are a man or a boy, you can work alongside women and girls to achieve gender equality and embrace healthy, respectful relationships.

You can fund education campaigns to curb cultural practices like female genital mutilation and change harmful laws that limit the rights of women and girls and prevent them from achieving their full potential.

The Spotlight Initiative is an EU/UN partnership, and a global, multi-year initiative focused on eliminating all forms of violence against women and girls – the world’s largest targeted effort to end all forms of violence against women and girls.

economy essay outline

Facts and figures

Goal 5 targets.

  • With only seven years remaining, a mere 15.4 per cent of Goal 5 indicators with data are “on track”, 61.5 per cent are at a moderate distance and 23.1 per cent are far or very far off track from 2030 targets.
  • In many areas, progress has been too slow. At the current rate, it will take an estimated 300 years to end child marriage, 286 years to close gaps in legal protection and remove discriminatory laws, 140 years for women to be represented equally in positions of power and leadership in the workplace, and 47 years to achieve equal representation in national parliaments.
  • Political leadership, investments and comprehensive policy reforms are needed to dismantle systemic barriers to achieving Goal 5. Gender equality is a cross-cutting objective and must be a key focus of national policies, budgets and institutions.
  • Around 2.4 billion women of working age are not afforded equal economic opportunity. Nearly 2.4 Billion Women Globally Don’t Have Same Economic Rights as Men  
  • 178 countries maintain legal barriers that prevent women’s full economic participation. Nearly 2.4 Billion Women Globally Don’t Have Same Economic Rights as Men
  • In 2019, one in five women, aged 20-24 years, were married before the age of 18. Girls | UN Special Representative of the Secretary-General on Violence Against Children

Source: The Sustainable Development Goals Report 2023

5.1 End all forms of discrimination against all women and girls everywhere

5.2 Eliminate all forms of violence against all women and girls in the public and private spheres, including trafficking and sexual and other types of exploitation

5.3 Eliminate all harmful practices, such as child, early and forced marriage and female genital mutilation

5.4 Recognize and value unpaid care and domestic work through the provision of public services, infrastructure and social protection policies and the promotion of shared responsibility within the household and the family as nationally appropriate

5.5 Ensure women’s full and effective participation and equal opportunities for leadership at all levels of decisionmaking in political, economic and public life

5.6 Ensure universal access to sexual and reproductive health and reproductive rights as agreed in accordance with the Programme of Action of the International Conference on Population and Development and the Beijing Platform for Action and the outcome documents of their review conferences

5.A  Undertake reforms to give women equal rights to economic resources, as well as access to ownership and control over land and other forms of property, financial services, inheritance and natural resources, in accordance with national laws

5.B Enhance the use of enabling technology, in particular information and communications technology, to promote the empowerment of women

5.C Adopt and strengthen sound policies and enforceable legislation for the promotion of gender equality and the empowerment of all women and girls at all levels

He for She campaign

United Secretary-General Campaign UNiTE to End Violence Against Women

Every Woman Every Child Initiative

Spotlight Initiative

United Nations Children’s Fund (UNICEF)

UN Population Fund: Gender equality

UN Population Fund: Female genital mutilation

UN Population Fund: Child marriage

UN Population Fund: Engaging men & boys

UN Population Fund: Gender-based violence

World Health Organization (WHO)

UN Office of the High Commissioner for Human Rights

UN High Commissioner for Refugees (UNHCR)

UN Education, Scientific and Cultural Organisation (UNESCO)

UN Department of Economic and Social Affairs, Gender Statistics

Fast Facts: Gender Equality

economy essay outline

Infographic: Gender Equality

economy essay outline

The Initiative is so named as it brings focused attention to this issue, moving it into the spotlight and placing it at the centre of efforts to achieve gender equality and women’s empowerment, in line with the 2030 Agenda for Sustainable Development.

An initial investment in the order of EUR 500 million will be made, with the EU as the main contributor. Other donors and partners will be invited to join the Initiative to broaden its reach and scope. The modality for the delivery will be a UN multi- stakeholder trust fund, administered by the Multi-Partner Trust Fund Office, with the support of core agencies UNDP, UNFPA and UN Women, and overseen by the Executive Office of the UN Secretary-General.

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Course & Exam Pages

Who is Claudia Sheinbaum, Mexico’s first female president-elect?

Long tied to outgoing President Andres Manuel Lopez Obrador, will Sheinbaum be able to carve out a new path?

Claudia Sheinbaum raises both arms from the stage at a campaign rally.

Mexico City, Mexico – She is poised to become Mexico’s first female president, after winning a historic mandate in the country’s June 2 election .

But Claudia Sheinbaum faces a challenge: how to distinguish herself from her political mentor, current President Andres Manuel Lopez Obrador, popularly known as AMLO.

Keep reading

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Representing the left-leaning Morena party, Sheinbaum campaigned in Lopez Obrador’s image, embracing many of his trademark projects and policies.

But experts say her personal history and past governing experience offer valuable clues about how her tenure in office might differ from Lopez Obrador’s.

“Sheinbaum has always been disciplined and strategic,” said Guadalupe Correa-Cabrera, a Mexican political analyst. “She’s not going to be as radical as AMLO.”

Andres Manuel Lopez Obrador stands next to Claudia Sheinbaum, who waves.

A mix of academics and politics

The former head of Mexico City’s government, Sheinbaum was born into a family of Jewish heritage, and she initially followed her parents into the field of science.

She studied physics and then energy engineering, pursuing research for her doctoral degree at the University of California, Berkeley in the United States.

But early on, Sheinbaum also mirrored her parents’ commitment to political engagement, becoming involved in student activism. On the campaign trail, she often credits her parents’ involvement in the 1968 student protests as an inspiration for her own work.

“I have always said it: I am a daughter of ’68,” she wrote on social media in April.

Her transition to a political career came under Lopez Obrador’s wing. In a campaign video chronicling her life, Sheinbaum explained that she and Lopez Obrador often participated in the same protests and activist work, but it was only in 2000, a week after he was elected mayor of Mexico City, that she was formally introduced to him during a meeting at her house.

Afterwards, Lopez Obrador called Sheinbaum with a proposition. “He told me, ‘Would you like to be secretary of the environment?’ I told him ‘yes’.”

In the decades since, she has campaigned on Lopez Obrador’s behalf, while forging her own academic and political career, including as mayor of Tlalpan.

In 2018, she became the first woman elected to lead Mexico City, a high-profile position often seen as a launchpad for future presidential bids. She resigned from the post in June 2023 to seek her party’s presidential nomination.

Claudia Sheinbaum greets a crowd of supporters at an outdoor rally.

In the shadow of a popular president

From the moment the Morena party tapped her as its nominee last September , Sheinbaum was the frontrunner in the 2024 presidential race.

But her campaign was buoyed in large part by the popularity of the outgoing president.

The online survey company Morning Consult has consistently ranked Lopez Obrador among the most popular heads of state currently in power, after India’s Prime Minister Narendra Modi — a fact he is known to repeat in his daily news conferences.

But Mexican presidents are limited to a single six-year term, and Lopez Obrador is therefore barred from running in the 2024 race.

The circumstances surrounding his 2018 election were historic, though — and they continued to cast a shadow over this year’s race.

Born in the often-overlooked southern state of Tabasco, Lopez Obrador was something of an underdog in 2018, having lost the two previous presidential races. Critics dismissed the then-64-year-old as a populist past his prime.

His victory, however, was ultimately a landslide : Lopez Obrador was the first candidate since Mexico’s transition to democracy to score more than 50 percent of the vote.

By contrast, Sheinbaum’s solid lead in the polls — and her urban, academic upbringing — projected a different public image, distinct from Lopez Obrador’s dark-horse campaign, according to Correa-Cabrera, the political analyst.

“Aside from being a progressive politician, she’s never been distant from the elite,” Correa-Cabrera explained.

“She’s obedient to international institutions and economic systems,” the analyst added, pointing to Sheinbaum’s sunny relationship with Carlos Slim, the wealthiest man in Mexico.

Even Sheinbaum’s leading opponent, Xochitl Galvez, slammed her for her relatively privileged background.

“While you were dancing ballet at 10 years old, I had to work,” Galvez told Sheinbaum during a televised debate on May 19.

Correa-Cabrera also notes that Sheinbaum styles herself more as a pragmatist and less as a firebrand, in contrast to Lopez Obrador. While Lopez Obrador is known to speak off the cuff, for instance, Sheinbaum’s public appearances are more scripted.

A hand lifts a cloth doll representing Claudia Sheinbaum from a mat covered with election merchandise, including dolls representing Andres Manuel Lopez Obrador.

Refuting the ‘puppet’ label

Nevertheless, Sheinbaum has long faced criticism that she is “the puppet” — la titere — of the man she hopes to succeed as president.

“I don’t care about those things the opposition says, that mine would be another Lopez Obrador government,” she told the BBC earlier this year.

Lopez Obrador himself addressed the criticisms from the podium at one of his daily press briefings in January.

“There are no puppets with power,” he said, with a nod to Sheinbaum. “No one accepts to be manipulated when they reach public office.”

Still, Sheinbaum has adopted many of Lopez Obrador’s signature moves.

In March, for instance, she released a list of 100 commitments to achieve if elected, her version of a similar list Lopez Obrador released upon taking office, featuring 100 of his top priorities.

Sheinbaum’s list repeats her mentor’s antipoverty rallying cry: “For the good of all, the poor come first.” It also includes the continuation of Lopez Obrador’s controversial Tren Maya or Mayan Train , a $28bn infrastructure project to build a rail line through the Yucatan Peninsula.

Local activists have criticised the project for destroying thousand-year-old Mayan artefacts and archaeological sites, as well as damaging the natural environment .

But Lopez Obrador has defended the project as a means of bringing tourist dollars to impoverished areas, though critics have expressed doubt that the local population will ever see genuine cash flow.

Claudia Sheinbaum lifts her arms and holds hands with two other women on stage at a campaign rally, as confetti falls.

Combatting climate change

Given her career as a scientist, one of the most scrutinised aspects of Sheinbaum’s platform is her stance on climate change.

Her 100 commitments include a goal to “promote renewable energies” through the construction of wind, solar, geothermal and hydrogen-based sources.

And Sheinbaum herself contributed to a 2007 report on climate change that won the Nobel Peace Prize that year.

But critics have accused her of embracing her party’s environmental platform, which offers no plan to cut fossil fuel emissions and includes further investments in the state-owned petroleum industry, Pemex.

Correa-Cabrera said Sheinbaum’s “education as a climate scientist” is only one part of Sheinbaum’s identity.

“Her political career is a different thing,” Correa-Cabrera explained. She believes Sheinbaum “is going to be following the guidelines of oil and gas [interests] and of the United States and China” once in office.

However, Adrian Fernandez, director of the Mexico Climate Initiative, thinks the growing threats that climate change presents, especially to Mexico’s agricultural industry, will force politicians like Sheinbaum to tackle the issue more forcefully.

“It’s not a question of hope. I am very sure the next president will shift to address climate change because it is a necessity,” he said.

Supporters raise effigies of Andres Manuel Lopez Obrador and Claudia Sheinbaum at a rally.

Security a top concern

Security was also a top concern as Mexican voters prepared to head to the ballot box on June 2.

Tyler Mattiace, a researcher at Human Rights Watch in Mexico, voiced scepticism that any candidate would reverse Lopez Obrador’s decision to expand the country’s military, a decision he fears will lead to greater abuses, not greater safety.

“At this point, you can’t really put the toothpaste back in the tube,” he said.

Already, Lopez Obrador has granted the military control over several airports and infrastructure projects. He has also attempted to shift control of the civilian-led National Guard to the army, despite court challenges.

But critics like Mattiace say there are credible allegations that military members often abuse their power — or enter into corrupt relations with cartels and other criminal organisations.

Mexico has seen more than 30,000 murders per year for five straight years. In 2022, the total number of missing people in Mexico surpassed 100,000, a number that Lopez Obrador has publicly disputed.

The majority of those disappearances — approximately 97 percent — are believed to have happened after 2006, when Mexico’s “war on drugs” began, and Mexican military troops were deployed to the streets, setting off a period of heightened conflict in which the military did anything but address violence.

Both Sheinbaum and her rival Galvez promised to address the disappearances , as part of their plan to tackle Mexico’s crime.

“I’m the only one who can show results in security,” Sheinbaum said in the last debate, citing her track record as head of Mexico City’s government.

She has also called the “war on drugs” an “absurd, terrible decision” and promised to address the root causes of crime through social welfare programmes.

But voters like Yolanda Moran Isais, whose son Dan Jeremeel Fernandez Moran went missing in 2008, fear Sheinbaum will continue Lopez Obrador’s habit of downplaying the extent of the disappearances.

Moran Isais leads a group of volunteers who search for the missing in the Mexican state of Coahuila. She expressed disappointment that Sheinbaum refused to meet with a nationwide delegation of mothers leading the search effort.

“What we need from the next president is recognition,” she said. “So far, Claudia Sheinbaum has not even acknowledged us.”

But another searcher, Cynthia Gutierrez from Mexico City, said Sheinbaum might offer hope to the movement. She gave a nod to the prospect of Sheinbaum becoming Mexico’s first female president — not to mention her identity as a mother and grandmother.

“She is a woman,” Gutierrez said. “Maybe she will empathise with our cause.”

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  2. PDF A Guide to Writing in Economics

    II, "Researching Economic Topics," tries to explain the scholarly and analytical approach behind economics papers. The third part, "Genres of Economics Writing," briefly surveys some of the kinds of papers and essays economists write. It is in the fourth part, "Writing Economics," that the manual homes in on discipline-specific writing.

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    Revised on July 23, 2023. An essay outline is a way of planning the structure of your essay before you start writing. It involves writing quick summary sentences or phrases for every point you will cover in each paragraph, giving you a picture of how your argument will unfold. You'll sometimes be asked to submit an essay outline as a separate ...

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    The IB Economics Paper 1 Essay Structure. In the new syllabus (May 2022 exams onward) and get to choose 1 out of 3 questions, chosen from any of the 4 units. Paper 1 is worth 20% of your final for HL students and 30% for SL students. You'll get get 75 minutes (1 hour and 15 minutes).

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    Empirical papers use data collected by observation, or by experiment, to answer a research question. => Theoretical + empirical papers predict what the answer to the research question "should" be, and then use data to test whether the theoretical prediction holds true in reality. Dawn Powers How to Write a Research Paper in Economics

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    Outlining is a tool we use in the writing process to help organize our ideas, visualize our paper's potential structure, and to further flesh out and develop points. It allows the writer to understand how he or she will connect information to support the thesis statement and the claims of the paper. An outline provides the writer with a space ...

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