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Essay

Identifying Economic Concepts in the News

Essay specific features

 

Issue:

Business

 

Written by:

Edna C

 

Date added:

July 9, 2012

 

Level:

University

 

Grade:

B

 

No of pages / words:

2 / 428

 

Was viewed:

6817 times

 

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Essay content:

The examples I found of normative economics was in an article by David Crane found from the internet. This article was titled "Energy Strategy urgently needed" and was written for the Septmeber 9th edition of the Toronto Star. This article had examples of positive economics as well but I concentrated on the Normative statements made...
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The first statement made my David was "What's needed is a Canadian strategy for a new era in the oil economy, one in which there will be growing difficulties in adding supply while demand will grow strongly in China, India and other parts of the world". This is normative because David states his opinion on what Canada needs and specifically says "what's needed" is a Canadian strategy for a new era in the oil company" this is purely opinionated and has no written up facts or proof...
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