Macroeconomics

Employment/Unemployment Output/GDP/Growth Prices/Inflation/Interest Rates Exports/Imports/Current Account Fiscal Policy/Deficits Monetary Policy

Microeconomics Firms/Industries Consumers/Producers Prices/Costs Output/Wages Capital/Labor/Land Supply/Demand Public Goods/Income Distribution Utility/Profit

Prices & Output

How are output decisions made? What determines price? What is a market? What is an industry? Why are some industries more

competitive than others?

Examples

All examples from The Nation, Wednesday, July 13, 2005.

Economists Forecast Lower Growth

Due to increases in oil prices, economists lower expectations of GDP growth to 4.3% over the next year…

Pay hike to hit CPI

Increasing officials’ salaries could for the consumer price index to creep says the Commerce Ministry.

Cabinet Approves Measures

The Cabinet endorsed three energy saving measures designed to lop Bt6.8 billion a year of the nation’s energy bill.

Second-hand auto dealers feel the pinch

Used-car dealers have seen few buyers in the past two months because of the surge in oil prices, forcing some operators out of business.

More cases for quotas on textiles

US manufacturers petitioned the Bush administration to impose quotas on additional imports of textiles and clothing.

Paper

What is your paper about? How does your paper relate to

microeconomics? What previous studies do you know

of that have discussed your topic? Why is your paper (or topic)

interesting or important?

Paper

Hard copy: simple w/ staple or

Email: richard.fowles@economics.utah.edu

If email: Subject: Name Chula 2007

Cover PageWhy are fast food outlets close to each and

grocery stores are not?

Richard FowlesJuly, 2007

Spatial location is an important part of marketing for fast food outlets. Consumers choosing where to eat often discover a large variety of food outlets within a relatively short distance. Yet grocery stores are generally not geographically proximate to each other. This paper explores some of the reasons to account for these differences using a simple model of supply and demand….

Question A good way to begin a paper is to

ask a question. A thesis or dissertation should

answer the question. A term paper for this class does

not need to provide an answer, but should cover ways that future research could answer the question.

Introduction

What is your question? Why is answering your question

important?

Literature Review

With your question in mind, use the Internet (or library) to assemble a list of published work that relates to your question.

If your question is new, then you might not find a lot of published work to draw upon.

Literature Review

If your question is new then use the literature review to discuss how similar questions have been addressed.

You might use: http://scholar.google.com http://nber.org

Body

In the body of your paper you should try to answer your question.

The answer could be Narrative Analytical

Graphical Mathematical Quantitative

Body

Your paper is a focused answer to a question.

But what if you cannot answer the question? What information would you need in

order to answer the question?

Conclusion

This is the easiest part of a paper. Review your question. Review your answer.

Abstract

After you have completed your paper you write the abstract.

The abstract is a one or two paragraph summary of your paper which presents your hypothesis, your analysis, and your conclusion.

References

This is the last part of your paper. Often editors of journals read the

list of references before reading the article.

Only reference previous work that you cite in your paper.