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LITHIN MYLAPUR

IA (Eco)
Econ IA....

I still dont know what is analysis, application and evaluation!! i need to know what are these to go ahead.... i need help!!

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Analysis: do you know your stuff? Are your definitions correct, are your graphs accurate?

 

Application: Have you applied your knowledge of econ to the article correctly? ie. If there is an increase in supply within the article, you've drawn a shift of the curve to the right. Not something unrelated, like an MPC curve. 

 

Evaluation: This is the trickiest. Here are some tips as to what to include to meet this criteria:

 

1. Discuss how the article affects different stakeholders (Consumers, workers, producwers, government, banks, foreigners) 

2. Prioritize argument: "the group MOST significantly affected is..." and explain why

3. Pros and Cons of whatever policy is being used

4. Limitations of economic theory: limitations of fiscal and monetary policy, GDP/GNP stats, economic growth, etc. (This mostly applies to macro and international, not so much micro)

5. Short run vs. Long run Analysis (Again, mostly for macro here) 

 

Hope this helps! :)

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This gave me a great idea of how to go about with the IA.

Thank you soo much!!

 

Analysis: do you know your stuff? Are your definitions correct, are your graphs accurate?

 

Application: Have you applied your knowledge of econ to the article correctly? ie. If there is an increase in supply within the article, you've drawn a shift of the curve to the right. Not something unrelated, like an MPC curve. 

 

Evaluation: This is the trickiest. Here are some tips as to what to include to meet this criteria:

 

1. Discuss how the article affects different stakeholders (Consumers, workers, producwers, government, banks, foreigners) 

2. Prioritize argument: "the group MOST significantly affected is..." and explain why

3. Pros and Cons of whatever policy is being used

4. Limitations of economic theory: limitations of fiscal and monetary policy, GDP/GNP stats, economic growth, etc. (This mostly applies to macro and international, not so much micro)

5. Short run vs. Long run Analysis (Again, mostly for macro here) 

 

Hope this helps! :)

Edited by LITHIN MYLAPUR

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