economic theory and reality paper 1

This assignment is intended to help you learn to do the following:

  • Describe how productivity increases growth.
  • Explain how government policy affects growth.
  • Identify the major tools of macro policy and how they are used to correct market outcomes.
  • Summarize the track record of macro outcomes.
  • Describe major impediments to policy success.

Review the section of your text that covers economic theory and policy changes. In addition, find and read two recent articles on this topic. Write a 500-750 word (approximately 2 to 3 page) paper that addresses these questions:

  • What are the differences between the economic theories and the reality of policy implementation?
  • How have market outcomes changed over time as a result of the policies?

Support your conclusions with the findings from the articles and the textbook as well as any other sources you would like to use. Format the paper according to General APA Guidelines. You do not need to include an abstract but you must include a title page and a references page. These pages are not included in your word/page count.