Economic Theories Comparison: Classical, Marxism, Austrian, Keynesian
Delve into the differences between Classical Economics, Marxism, Austrian Economics, and Keynesian theory. Explore their core principles, application, and impacts on economic systems. Examine how each theory addresses economic issues and influences policy decisions.
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Presentation Transcript
Topic List 1 2 3 4 5 6 7 8
Theory Compare and contrast the following economic theories Classical Economics Marxism Austrian Economics Keynesian HOME HOME
Depression Explain why the great depression occurred. Explain how the Global Financial Crisis happened. Compare and contrast how each problem was resolved and what lessons can be learnt from both of them. HOME HOME
Basic Income Explain the concept of a Basic Income. Explain the impact of Basic Income on economic factors for example employment, GDP, government debt etc. Under what circumstances can basic income be implemented in Sri-Lanka? HOME HOME
Income Inequality Explain the Gini Coefficient Explain how income inequality has increased historically and explain why it has increased. Explain the economic repercussions of a rising income inequality. Should the government intervene. If yes, what could they do? If no, why not? HOME HOME
Pollution Explain the concepts of carbon credits, cap and trade and carbon emissions trading. Should the government reduce pollution to zero, what is the economic cost of doing so? Is government intervention necessary to curtail pollution? Or can we rely on the market economy to get us to the optimal outcome? Explain in detail What other solutions can be used to reduce pollution. HOME HOME
Sri-Lankan Stock Market A historical perspective of the Sri-Lankan stock market. Current issues that are impacting the Sri-Lankan Stock market. Evaluate the current situation and recommend whether to invest or not, and if yes, where should the class invest. HOME HOME
Unemployment Does machinery cause unemployment? Explain in detail giving examples. Should governments limit the private sectors use of machinery if, machines do indeed cause unemployment. Explain why or why not. Explain definitively why machinery does NOT cause a long term increase in unemployment. HOME HOME
Immigration What is immigration? Does immigration help or hurt the economy? Explain using examples. Explain the concept of remittances. Explain how remittances effect the Sri-Lankan economy, who are the major players? Explain using statistics. What should Sri-Lanka's policy be towards immigration? Explain the pros and cons of the policy you recommend. Explain the concept of brain drain. Does Sri-Lanka need a policy to reverse the brain drain? If no, explain why. If yes, how would Sri-Lanka use incentives to reduce brain drain. HOME HOME
