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Students are required to write an essay on a significant, recent economic event or activity.
Discuss an economic activity or event of interest and apply it to theoretical models and economic laws introduced during your study of topics.
The purpose of this essay is to encourage students to carefully consider lecture content and relate this to economic events, issues or activity. Students should access multiple reference sources to support their findings. This would include journal, text, news article and web based resources.
Students may want to refer to historic economic activity that caused the event. Students may also consider comparing and contrasting with other economies around the world.
This essay encourages students to research deeper therefore students are required to pay particular attention to a specific topic and research in depth rather than treat a broad range of topics generally. This will require students to focus on one particular area of economics and identify the specific elements.
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A central bank that adopts a fixed exchange rate system may sacrifice its monetary autonomy in setting its domestic monetary policy.
What will happen to the price and quantity? What will happen to the amount that domestic producers supply? What will happen to revenues of domestic and foreign producers?
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