Economics

Instruction
This essay requires research and the application of analytical skills.

You need to write 1750 words (not less than 1575 words and definitely not more than 1825 words) plus a list of references used in preparing your essay.

requires you to discuss TWO schools of economic thought in terms of the nominated real world example:

 

How does Keynesian economics differ from Marxian economics in its explanation of the capitalist economy and its policy prescriptions? Use the Australian economy post-Second World War to illustrate your answer.

You need to draw on at least EIGHT scholarly works (NOT internet articles). This means that the task is largely based on your application of critical analysis but it also requires you to undertake a modest amount of research into published work on the topic. Of course, you are encouraged to read as broadly as you like in preparing your essay and refer to a wider range of references: what is indicated here is the minimum requirement.
It is suggested that you draw upon the readings listed for the lectures and tutorials as well as the additional readings list which you can find here.

A systematic structure to your essay is important starting with an introduction that outlines how you intend to proceed and finishing with a conclusion that not only sums up your essay but gives an overall comment on the argument you have presented. The body of your essay should be structured to specifically address the differences (and/or policy implications) between the two schools that your chosen question requires.

There are no ‘right’ or ‘wrong’ answers for an essay like this, although you must be careful to explain the alternative viewpoints accurately and systematically. You must be selective in drawing from your reading only those aspects that are directly relevant to answered the particular question. You should try to write a carefully reasoned essay.

 

Care is needed in preparing and writing the essay. It is a research task and cannot be done properly by relying only on textbooks. You can make a start by looking at relevant chapters in the textbooks recommended for this Unit of Study. But you must move beyond those to a process of library searching for material that will give you different insights. It is your interpretation of the material that matters. Of course, markers recognize that you will not be able to cover everything in 1750 words – part of the skill of essay writing involves the intelligent selection of material.

Adherence to quite strict rules about referencing is required for essay writing at university level. You must include a list of all the references you use to write your essay. You are also required to note the source of arguments and data you use in the text of your essay, where applicable. Plagiarism is not acceptable under any circumstances.

Further information on writing essays, including details of correct citation practice, is available in the Guide to Writing Essays in Political Economy that you should have looked at earlier in the semester. You should now re-read this carefully, particularly if you got a disappointing mark on your Mini-essay OR Essay 1. The Guide to Writing Essays in Political Economy also contains details on the criteria by which essays will be assessed. In brief, these are: (1) evidence of careful reading for the essay, (2) relevance to the set question, (3) clarity of structure of the essay, (4) quality of the analysis in the essay, (5) effectiveness of expression, and (6) consistent use of proper bibliographical methods.
Instruction

This essay requires research and the application of analytical skills.

 

You need to write 1750 words (not less than 1575 words and definitely not more than 1825 words) plus a list of references used in preparing your essay.

 

Answer ONE of the following questions. Each question requires you to discuss TWO schools of economic thought in terms of the nominated real world example:

 

How does Keynesian economics differ from Marxian economics in its explanation of the capitalist economy and its policy prescriptions? Use the Australian economy post-Second World War to illustrate your answer.

You need to draw on at least EIGHT scholarly works (NOT internet articles). This means that the task is largely based on your application of critical analysis but it also requires you to undertake a modest amount of research into published work on the topic. Of course, you are encouraged to read as broadly as you like in preparing your essay and refer to a wider range of references: what is indicated here is the minimum requirement.

It is suggested that you draw upon the readings listed for the lectures and tutorials as well as the additional readings list which you can find here.

 

A systematic structure to your essay is important starting with an introduction that outlines how you intend to proceed and finishing with a conclusion that not only sums up your essay but gives an overall comment on the argument you have presented. The body of your essay should be structured to specifically address the differences (and/or policy implications) between the two schools that your chosen question requires.

 

There are no ‘right’ or ‘wrong’ answers for an essay like this, although you must be careful to explain the alternative viewpoints accurately and systematically. You must be selective in drawing from your reading only those aspects that are directly relevant to answered the particular question. You should try to write a carefully reasoned essay.

 

Care is needed in preparing and writing the essay. It is a research task and cannot be done properly by relying only on textbooks. You can make a start by looking at relevant chapters in the textbooks recommended for this Unit of Study. But you must move beyond those to a process of library searching for material that will give you different insights. It is your interpretation of the material that matters. Of course, markers recognize that you will not be able to cover everything in 1750 words – part of the skill of essay writing involves the intelligent selection of material.

 

Adherence to quite strict rules about referencing is required for essay writing at university level. You must include a list of all the references you use to write your essay. You are also required to note the source of arguments and data you use in the text of your essay, where applicable. Plagiarism is not acceptable under any circumstances.

 

Further information on writing essays, including details of correct citation practice, is available in the Guide to Writing Essays in Political Economy that you should have looked at earlier in the semester. You should now re-read this carefully, particularly if you got a disappointing mark on your Mini-essay OR Essay 1. The Guide to Writing Essays in Political Economy also contains details on the criteria by which essays will be assessed. In brief, these are: (1) evidence of careful reading for the essay, (2) relevance to the set question, (3) clarity of structure of the essay, (4) quality of the analysis in the essay, (5) effectiveness of expression, and (6) consistent use of proper bibliographical methods.

 

Uploaded materials
OccupytheEconomyExcerptCL.pdf 46561555-A-History-of-Economic-Thoughts.pdf Blackwell-ACompaniontotheHistoryofEconomicThought.pdf Instruction.docx