Essay Organisation(8-10 pages long).
1-2 paragraphs. Preferably one paragraph with a thesis statement. If two paragraphs, do make the second paragraph larger and contain a thesis statement.
- Primary Source Section(3-4/4-5 paragraphs).
Paragraph sample: Explain data in a World Trade Organisation graph. 3-4 sentences. Then close with a few sentences containing your thoughts. Also, feel free to include two physical graphs or charts in the primary source section. You may break the paragraph in two and place the chart or graph in the middle of the page.
- Secondary Source Section(5-8 paragraphs/8-10 paragraphs).
A few sentences giving Joseph Stiglitz’s views on present world economic growth. A few sentences explaining Thomas Piketty’s arguments. A few sentences from the Wall Street Journal, The Economist, etc. A few bits from the Oatley text. Lastly, close with your own comments in a few sentences.
III. Comparative Analysis(5-8/8-10 paragraphs).
Argue and defend why your primary source data add on or weakens the arguments of the scholars whose works you use(Joseph Stiglitz, Paul Krugman, etc).
3-4 paragraphs giving your future insights about the topic.
- Basic Terminology: Do incorporate as many of the listed financial historical terms into each of the two essays as needed. **Remember to consult the required Hubbard and Kane text, the recommended Backhouse text as well as class lecture notes and other suggested scholarly books, journals, and document sources to assist in the research.**
The Convergence Theory
GNP, GDP, and GDP per capita
Angus Maddison, James Fallows, Paul Kennedy, and Matt Ridley
The Endowment Effect
Loss Aversion and Prospect Theory
“Great Power Imbalance”
Roman Hardware and Software
Internal Economic Stagnation-Economic Imbalance
The House of Egibi
Zheng He, Kublai Khan, and Zhu Di
Plato’s “Ideal State”
“Justice and Exchange” as well as “Acquisition of Wealth” by Aristotle
The School of Salamanca
Sir Thomas Smith
The Balance of Trade Doctrine
Rate of Interest and Case for Free Trade
The Recoinage Crisis of the 1690s
For the basic terminology please choose some words that are related to the topic and include them in the essay.
Hubbard, Glen and Kane, Tim Balance: The Economics of Great Powers from Ancient Rome to Modern America. (2013).