Write three pages clearly and concisely outline why You think international trade is beneficial or harmful to countries who engage in international trade.
- Second component: In no more than three pages, use the economic theory you have learned in class to revisit your arguments from the first component. You should use the economic theory you have learned, and any limitations of the theory, to clearly and concisely justify your argument or revise your argument accordingly.
- Each part of the assignment is an essay and, thus, should be written accordingly. Key elements of an essay include:
* An introduction that clearly outlines the argument to be made in the rest of the essay
* Multiple paragraphs. Each paragraph should begin by outlining the main point of the paragraph (which is being used to support the argument outlined in the introduction) and then proceed to provide evidence in support of the main point.
* A conclusion that reinforces the argument of the paper
* Correct grammar and absence of spelling mistakes (use spellchecker)
- Regardless of your particular approach to the second component, the task is still to address the question of why you think trade is good or bad. The difference is now you must use theory from class to support your argument. Various specific approaches include:
* Revisiting the point you raised in the first component and using theory to address the same point (perhaps theory supports your original view or contradicts your original view or is silent on the point).
* Constructing an argument based entirely around what you have teamed in class rather than based on views you had when writing the first component.
- Regardless of your approach to the second component, remember that the key objective of the second component is for you to show how you can use economic theory to support an argument about how trade is good or bad (or both). Thus, merely describing the main models from class will not achieve this objective.