if data could not be found on GCC, use data from the USA
detailed instructions:
: You will write a short paper on a public economic issue of your choice – approved by me – which can
potentially be carried on into your master’s thesis. The objective of writing the paper is for you to develop the writing skills
needed to analyze and explain an applied, macroeconomic issue. The objective of the presentation is for you to develop
effective oral communication skills by presenting your findings in a clear and compelling way to the class. Upon completing
the paper and presentation, you will have acquired the skills to identify a research question, construct an economic
hypothesis, apply the theory to the question, identify and describe the data that you would use to answer your question,
and present your ideas in a way that keeps your audience engaged with you. Papers should be well written, on average 15
pages, double-spaced with normal margins and type face, excluding the title page and references. Your paper should have
the following sections:
1. An introduction that presents your issue and why this issue is important. Your introduction should be explicit and be clear
about the issue you are addressing/question you are answering.
2. A brief analysis of previous literature on the topic and a discussion of how your paper summarizes, criticizes and/or extends
this body of knowledge.
3. A description of the theory/model that applies to your question.
4. A discussion of the data that you would use in an empirical analysis and an econometric specification, including a
description of variables, why they belong in your model and the impact you expect the dependent variables to have on your
independent variable. An original econometric analysis of data should be included.
5. A brief conclusion that summarizes what you learned and areas for future research.
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