EC224 - Economic Theory and Applications & Historical Evidence - Economics Assignment Help

Assignment Task -                
 

Task

An important part of good economics is looking to the real world for evidence to support or refute our theories. Your task for this assignment is to use economic theory AND historical evidence to evaluate the validity of the following statement:

“The capitalist economic system delivers widespread improvements in living standards.”

Note that you are not being asked to argue that the above is unambiguously true (or false). You are being asked to provide a critical, balanced evaluation, comprising arguments and evidence for and against. You should be seeking to demonstrate a nuanced understanding of the complex reality. 

Further guidance

Chapter 1 of The Economy (CORE Team, 2020) is essential reading for this assignment. Material from other chapters may also be relevant. You are encouraged to include data from sources beyond the textbook to support your arguments, if you think it will strengthen your arguments.  

Your report should include a brief introduction and a conclusion. Quantitative data should be presented clearly and accurately using suitable charts/tables, and these should be integrated into the discussion (i.e. you should explain what the data show and spell out their relevance to the argument being made, rather than the data simply being there). 

Your work should be formatted according to Business School guidelines (see your course handbook) and fully referenced using the Harvard system (see Business School Referencing Handbook). 

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