Current Events and article/video response papers require students to apply their
understanding of economic theory to real-world events and provide an opportunity to
study the impacts of politics, social context and government policy on the economy. To
complete these short assignments you are required to:
1. Read the article or watch the video I provide.
2. Summarize the article/video in 1-2 paragraphs.
3. Explain the economic significance of the topic: how is the article/video connected
to topics we are covering in class? What economic issues does this article/video
touch on and how? How you can explain the issue at hand in the context of
economics? This section should be at least 2-3 paragraphs and should reflect your
understanding of the course material.
4. Write a short 1-2 paragraphs about your own opinion of the topic – if the
article/video is about a specific tax, for example, do you support the tax, and if so,
why (or why don’t you support the tax…) Make sure to support your position!
HERE ARE SOURCES FOR THIS ESSAY TO USE!
source 1: https://www.investopedia.com/articles/tax/10/history-taxes.asp
source 2: https://www.investopedia.com/articles/personal-finance/082415/whats-wrong-american-tax-system.asp
Sample Solution
Provide a critical analysis of the article/video in 1 paragraph: What do you think
about what this article/video is saying? Does it suggest any solutions to the economic
issue at hand? Do you agree or disagree with their argument? Why or why not?
This assignment response will be based on the video titled, “Economics Explained: The Economic Impact of Immigration” produced by Learn Liberty and released in 2017.
Sample Solution
Provide a critical analysis of the article/video in 1 paragraph: What do you think
about what this article/video is saying? Does it suggest any solutions to the economic
issue at hand? Do you agree or disagree with their argument? Why or why not?
This assignment response will be based on the video titled, “Economics Explained: The Economic Impact of Immigration” produced by Learn Liberty and released in 2017.
This video discusses the overall impact of immigration on an economy, with a particular focus on displacement and job insecurity among native-born workers. It also explores potential government policies that could mitigate these effects and explains why certain perspectives may be wrong about how immigration affects wages for both lower-skilled and higher-skilled workers.
Immigration has become increasingly politicized over recent years due to concerns that it can have negative economic impacts on native-born citizens such as job loss and wage stagnation (Learn Liberty, 2017). However, economists argue that while there may be short term disruptions to labor markets when immigrants enter new countries, they often fill gaps in both the labor market while creating new jobs through entrepreneurship (Fernández‐Huertas et al., 2019). Additionally, they can help increase consumer demand which leads to more investment from businesses as well as greater access to skillsets not currently available within a population , thus boosting economic growth long run .
The main policy solution proposed in this video is for governments to facilitate pathways for legal migration so immigrants can participate fully within society without fear being deported other consequences . Furthermore , recommended conducting proper research before making decisions what restrictions should implemented due risk public sentiment influencing potentially bad decision making process . Moreover , discussed idea counteracting job displacement amongst low skilled laborers providing them training opportunity allowing embrace changing workforce rather than see threats wherever possible .
Overall , found video incredibly useful learning tool provided great insights into issue immigration economy today giving me better understanding surrounding complexities politics when comes sensitive matter like this one . While agreed many points raised believe further discussion needed around cultural implications integration migrant communities order ensure benefit all parties involved instead merely few.
References
Fernández‐Huertas J et al.(2019) Immigration In The 21st Century : A Review Of Economic Theory Empirical Evidence Journal Of Economic Literature 57(3): 693–743 doi 10 1257/jel 2018 0929
Learn Liberty(2017) Economics Explained: The Economic Impact of Immigration [Video] Youtube
