The final is On Thursday, December 13. It will be closed book (no notes) and per the syllabus will be worth about 30% of your grade.
Here are the old tests for you to review:
- test 1
- test 2
- test 3
- test 4
- test 5
The essay should focus on the economics aspect of the issues, not just the social aspects. That means you should try to bring in the concepts (and vocabulary) of supply and demand, Mankiw's ten principles, opportunity cost, etc. Her are the four essay questions from which you will choose:
- Immigration: What are the positive and negative effects of immigration on the immigrants, on the losing country, and on the gaining country? What are some misconceptions about immigration, and what does economics theory tell us about those misconceptions? George Borjas is a top thinker in the economics of immigration. A good "big picture" blog post of his is here. Also, the New York Times recently reported the latest statistics. Here is a much longer and more subtle article on immigration (and Borjas).
- Globalization: How does modern technology drive globalization today? How is this different from past episodes of globalization? What are some positive and negative effects of globalization? Are these different from what they would have been in the past? Outside of Mankiw's text itself, which might be seen as one long argument for free trade, Dani Rodik is a top voice in international trade. Here are a couple blog posts of his on globalization.
- Global Warming: What do economists have to add to the discussion about global warming? What do economists believe we should do? What are some of the disagreements economists have? For ideas, check out wikipedia, and the blog of our books author, Marginal Revolution.
- Global Poverty: What are the main obstacles that face impoverished nations? What about these lead us to say that such nations are stuck in "the poverty trap"? What are some methods we might use to overcome these obstacles?
Jeffrey Sachs is one of the worlds leading experts, pages 5-7 (or, if you count differently, 121-123) of this report on Africa are insightful. Sach's policy and a criticism of it can be read in this review by another of the greatest economists working on poverty, William Easterly.
Feel free to send me your thoughts.