Economics

Economics is the study of the production, distribution, and consumption of goods and services. The term economics comes from the Greek for oikos (house) and nomos (custom or law), hence “rules of the house(hold).”A Lionel Robbins in his 1932 essay: “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.” Scarcity means that available resources are insufficient to satisfy all wants and needs.

Likelihood AI Creates Jobs

Teacher’s Critique

Lucy, your paper on AI’s impact on future employment demonstrates a mature understanding of this complex topic. You’ve done an excellent job synthesizing information from reputable sources and presenting a balanced view of both job displacement and creation …

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Cryptocurrency in Africa

Professor’s Critique

As Phil’s Economics professor, I’ve reviewed his paper on the impact of cryptocurrency in Africa. While Phil demonstrates a commendable effort to integrate philosophical concepts with economic and technological analysis, the paper would benefit from more rigorous economic …

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Toronto Poverty Statistics

Teacher’s Summary

Jennifer, your paper on Toronto poverty statistics demonstrates a commendable level of research and analytical thinking befitting an honors student at Phillips Exeter Academy. Your writing effectively contextualizes the issue of poverty in Toronto within a broader historical …

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Late Stage Capitalism

Professor’s Summary

Jeff, your paper on “What Adam Smith Got Wrong About Late Stage Capitalism” demonstrates a solid understanding of both classical economic theory and contemporary economic issues. Your analysis of the discrepancies between Smith’s predictions and the realities of …

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Financial Goal Planning

Professor’s Summary

Your paper demonstrates a strong grasp of economic principles and their application to personal financial goal planning. The integration of key theories shows a commendable understanding of foundational economic concepts.

Strengths:

  1. Excellent structure and organization, adhering to academic

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Executive Salaries and Impact

Professor’s Summary

Sara, you’ve delivered a highly creative and thoughtful analysis by drawing parallels between quantum mechanics and the complex issue of executive salaries. Your ability to integrate scientific concepts with socio-economic structures is impressive and shows a deep understanding …

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America’s Economic Nightmare

Teacher’s Summary

This essay delves into the causes and consequences of the Great Depression, blending historical research with personal family anecdotes. The narrative explores overproduction, wealth concentration, and the struggles of rural Americans, as well as Herbert Hoover’s role in …

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Advertising Essay

In today’s world advertising is an important part of our economy. Advertisers are hired by companies, to come up with ads that will sell their product. Advertisers and marketers say that the world of advertising is very important because it …

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British Welfare System

Editor’s Summary: This essay critically examines the influence of Americanization on the British welfare system, arguing that it extends beyond mere policy transfer to reflect broader changes in global capitalism. It highlights the shift from a production-focused to a consumption-driven …

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Fed’s 2007-08 Crisis Response

Editor’s Note:

The 2007-2008 financial crisis challenged the Federal Reserve, leading to unprecedented actions under Chairman Ben Bernanke. This essay critically examines the Fed’s response, including rapid interest rate cuts, emergency lending programs, and direct capital injections. While these measures …

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Cash or Card?

A phrase that is commonly said in the super markets is “paper or plastic”. In today’s society, however; it is not talking about bags. They are referring to the type of payment that you will use to pay for your …

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