Economic Essay(1800words)

The writing assignment is to write a compact, carefully polished essay on current macroeconomic issues facing the U.S. economy. Note that there are certainly important things to explore that are not listed. The topic and requirements of the essay are listed below

Topic: The macroeconomics of international trade

· Summarize the microeconomic “comparative advantage” argument for free international trade.

· Analyze the claim that low-wage countries are “stealing” U.S. jobs? Consider various theoretical perspectives.

· Under what circumstances does the U.S. macro trade deficit reflect a weakness in the U.S. economy?

· Assess the case for protectionist policies.

Consider alternative policies to address the challenges of economic dislocation and stagnation that seemed important to the surprising electoral victory of President Trump. Note that for the topic suggested above, you should base your analysis on the theoretical framework. That is, you should explicitly ground your analysis in the classical model, the Keynesian model, or the neoclassical synthesis. It would be useful to justify your choice of model (or possibly a mixture of models) and explain how your choice of theoretical framework could lead to different conclusions compared to alternatives. The target length of essay is 1500-2000 words; use single space, Times New Roman 12-point font, and 1-inch margins.