Analysis of the concentration of Top 50 IT companies. 13. The best current example of this is fishermen. However, the Indians began to breed cobras for the income. The anatomy of an economic crisis: various contributing factors. This leads to buyer distrust and the old idiom: Buyer Beware. Now the individuals who would have used the money to improve their situations suffer. Aquinas’ view of economics 17. 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Financial economics is a brand of economics that examines the utilisation and distribution of economic resources in financial markets in which decisions must be made under uncertainty. Predatory Pricing and Strategic Entry Barriers. Gas prices often rise in the summer due, in part, to the high demand of summer travelers. We have topics which fit into categories that cover such areas as education, environmental sciences, communication and languages, current events, politics, business, criminal justice, art, psychology and economics to name just a few. Price and output determination under non-… Because the buyer does not have this information, their best assumption is that the vehicle is of average quality, and therefore will pay only an average fair price. Also consider the fact that access to clean drinking water is one of the world’s most pressing problems, every year 2 million people die and half a billion become sick from a lack of drinkable water. £100 billion budget black hole: Is Brexit to blame? While not an economist in the traditional sense, I am very interested in the study of economics. The idea is that people buy luxury goods even during economic hardships, they will just choose goods that have less of an impact on their funds. This leads to buyer distrust and the old idiom: Buyer Beware. A model for the development of information and communication technology incubators in the UK. The economic aspect of income generation in the developing world is the focus of this branch of economics and hence development economics dissertation topics deal with various aspects related to this central theme. These fields include international economics, financial economics, and behavioral economics. Coming up with a current and interesting debate topic can be tricky. The snakes consequently multiplied, and increased the cobra population. In most sales transactions, the seller has more information than the buyer, and as such has the opportunity to try to pass off low quality or defective products for higher prices. Ways to Help You Pick an Excellent Economics Dissertation Topics. Therefore, an economics student is supposed to have a grip of all these issues through intensive study to familiarized with the … 18. This is the idea that giving charity reduces an individual’s incentive to help themselves. How to Create a To-Do List That Super Boosts Your Productivity. Explaining the competition’s influence on price. Some of these topics have a broad scope, whereas other topics are narrow and focused. The argument could be made that diamonds are more rare than water, thus, demand is higher than supply, which means that price will go up. But, there is a wide range of subfields in economics. If you’re writing about supply and demand, you might write an informative essay to simply explain the supply and demand of a product. Secondly, increased energy efficiency leads to increased economic growth, which pulls up energy use in the whole economy. Dissertation Topics on Employment Economics. The term is now used to illustrate the origins of wrong stimulation in politics and economic policy. This reduces the quality of cars in the used-car market, this reduces the price buyers will pay, this further reduces the quality of cars sold. Please give your opinions on these issues in the comments. Adverse selection is a market process where information asymmetry causes negative results. Information asymmetry is a prevalent issue in economics. Interesting fact: A single microchip contains up to 5,000 different patents. Some valuable topics for writing dissertations on are: Factors promoting FDI and their role in economic growth. If the prices rise too high, however, demand falls, there is a surplus of gas, and thus prices will usually fall. Obviously, good Samaritans give assistance in the hopes of the former, that the recipient will use the aid to improve their situation. Information asymmetry is a prevalent issue in economics. This paradox can possibly be explained by the Subjective Theory of Value, which says that worth is based on the wants and needs of a society, as opposed to value being inherent to an object. Another information asymmetry example is the “Market for Lemons”, a term coined by the economist George Akerlof. Fish are a good that people the world over consume, and as a result, there are multiple fisherman competing for these fish. When given assistance, the recipient has two choices: use the aid to improve their situation, or come to rely on the aid to survive. The classic example is patents. 1. Everybody loses in this situation, the patent holders, the would-be manufacturers and the consumers who would have bought the product. Demand Elasticities. to housing market. Nobody owns the earth’s fish populations, indeed, they are a shared resource. It covers the basics of supply and demand. A “transfer of wealth” of a couple of dollars from someone who can spare the dollars to someone who will use the dollars to improve their situation is a wonderful arrangement. In developed countries, drinkable water in not only abundant, it’s considered a right. Is same success possible in 2019? Banking system regulations, financial development and economic outcomes. Interesting Fact: After the 9/11 terrorist attacks on America, lipstick sales doubled. Practice Questions on Capital, Comparative Advantage, Scale, and Substitution. Unfortunately, some of the crises facing our world are the result of honest attempts to solve problems. This increase in premiums causes the healthiest people to cancel their insurance. A good example is health insurance. Neoliberal reforms in the 20th century. The Rich and the Poor. You get the idea. So each fisherman, believing that the others will take more than their sustainable share, will take as many fish as he can, and the world’s fish supplies will deplete, even though no one wants them to. Simply get started by choosing the category that interests you and peruse through the topics listed in that category and you’ll be well on your way to constructing an excellent … End result: the owners of good cars will not sell their vehicles in the used-car market. Consumer Behavior. Employment is a very important aspect that is studied in economics. 11 million Americans spend half their income on rent: is this a big problem? Advantages and disadvantages of hiring full-time workers for business. Current economics topics are microeconomics topics and macroeconomics topics. 2. Here’s the problem: it is hard to know how the person you are giving the dollars to will use the funds, so people might instead opt to not give to any homeless people. This proposal was named after economists Daniel Khazzoom and Leonard Brookes, who argued that increased energy efficiency, paradoxically, tends to lead to increased energy consumption. Thirdly, increased efficiency in any one bottleneck resource multiplies the use of all the companion technologies, products and services that were being restrained by it.”. 100+ Debate Topics to Choose From. Each fisherman will try to catch as many fish as possible in order to maximize his profits. A characterisation of the British manager and investors: What are the differences? However, it is also in the fishermen’s best interest to sustain the fish populations, i.e., leaving enough fish to repopulate, so that down the road, there are still fish to be caught. Economic activity is widespread and differs substantially from area to area. 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Economic theory generally assumes that individuals are completely rational, and as such, make rational decisions. If each fisherman is concerned with sustainability, and they should be if they don’t want to find new careers in the near future, they theoretically will work to preserve the fish populations. Rather, these entries were chosen to shed some light on lesser known, yet important economic issues facing our world, and give readers something to ponder. Imperfectly Competitive Product Markets. According to The Economist, "By 2030, 22% of people in the OECD club of rich countries will be 65 or older, nearly double the share in … In theory, this could lead to the collapse of the health insurance industry, however, this is an unlikely scenario as their risk is diminished by things such as employer offered insurance, which includes a large set of healthy individuals who average out the risk. Mathematical Growth Models. Progressive Income tax – good or bad? Economics has many categories for “goods”. A defective used car (“lemon”) is generally the result of untraceable actions, like the owners driving style, maintenance habits and accidents. Arguers against charity often bring up this dilemma, claiming that beneficiaries of such aid lose incentive to work or become productive members of society. Hostile takeovers – good or bad? This can be seen in action when people who want to give a dollar or two to a homeless person do not, because they are afraid the person will buy booze with it. Bounded Rationality is the idea that individual decision making is limited by personal information, cognitive limitations, and time constraints. 1. 5 best ways to reduce the state budget deficit in your country. Practice Questions on the Production Function, Growth Facts, and Growth Accounting. Also known as the Diamond-Water Paradox, the paradox of value is the contradiction that while water is more useful, in terms of survival, than diamonds, diamonds get a higher market price. Though macroeconomics encompasses a variety of concepts and variables, but there are three central topics for macroeconomic research on a national level: output, unemployment, and inflation. Good behavioral economics topics cover subjects such as bounded rationality, irrational exuberance, and choice architecture. Other less expensive luxury goods besides cosmetics include expensive beer and small gadgets. 19. Is economics almost completely determinative of political issues? 30 years of economic policies detract from Generation Y’s financial prospects: Do millenials have the opportunities to be as financially successful as their parents did? If you wish to draft a high-quality dissertation, then the first factor that ensures victory is the selection of brilliant Economics dissertation topics. The opposite of the above mentioned tragedy of the commons, the anticommons is a situation where too many owners (and bureaucratic red tape) discourages accomplishment of a socially desirable outcome. Some of the most interesting research topics in economics are: Explaining the market and competition concepts. A type of unintended consequences, perverse incentives are the result of an honest good intention. Fab economics topics for presentation. The used car market is the classic example of quality uncertainty. There are all sorts of things you have to consider when picking a subject: whether you'll be able to talk for long enough about it, how excited you feel about it, how easy it will be to research, what your English teacher will think of it, and much more. We do things that will increase our “utility”, or happiness. Profit Maximization. If a product requires multiple components or techniques patented by different people or companies, then it becomes difficult, time consuming and very costly to negotiate with all the owners, and the product may not be produced. This article will provide examples of interesting economic topics and you can surely choose one of them. A historical example illustrates the problem: 19th century paleontologists traveling to China used to pay peasants for each piece of dinosaur bone that they presented. All Rights Reserved. Examples of luxury goods include fine jewelry, expensive sports cars and designer clothing. The Lipstick Effect is the theory that during an economic calamity, people buy more less costly luxury goods. Here is the problem: there is a lack of trust. So how is this possible? List of 382 Economic Debate Topics. No one can create a microchip unless every single patent holder agrees to license their patent. Microeconomics is an area of economic science that is … Therefore, you also need to pay attention to them. How much regulation of business should there be? An Economic Calculation: Should You Buy a Vacation Timeshare? The other fisherman get more fish than he does, make more in profits, and will ultimately deplete the fish population anyway. 3. Economic and institutional determinants of geographical concentration of industries in transition economies: evidence from China. Because we do not have to worry about paying for water, this gives us money to pay for things like diamonds, that do not fall out of our faucets. Jesus’ view of economics 16. It was later found the peasants found bones and then smashed them into many pieces, which significantly reduced their scientific value, to get more payments. You can perform a brief research on your 5-6 interesting topics and then select the most comfortable idea that you can tackle easily. According to the Center for Economic and Policy Research, 44% of those working for minimum wage in 2010 had attended at least some college, up from 25% in 1979. However, the people most likely to buy health insurance are people who need it because of health problems (high-risk). Chicago school of economics vs. Austrian school of economics. Costs of Production: Short Run and Long Run. List of 66 Economics Thesis Topics. Individuals in developing countries surely place a higher value on clean water. The tragedy of the commons is a situation in which multiple individuals, acting independently, deplete a shared resource, even when it is not in anyone’s interest to do so. Argentina's economic crisis in 2001 and the international monetary fund. 15. In most sales transactions, the seller has more information than the buyer, and as such has the opportunity to try to pass off low quality or defective products for higher prices. Important Areas of Research. Outside of macroeconomic theory, these topics are also extremely important to all economic agents including workers, consumers, and producers. Make sure you choose an intriguing topic for your thesis. However, if the recipient of the dollars is not going to use the money for a noble purpose, and instead is going to buy illicit drugs with them, it is a less desirable arrangement, and most charitable people would decline to give the dollars. Causes of fluctuation in exchange rates and their effects on industries. What is the correlation between health care expenditures and GDP in the USA? Your professor, having read papers on these topics many times, may appreciate seeing a fresh topic … More modern examples include paying architects and engineers based on project costs, which leads to excessively costly projects as they overspend unnecessarily to make income. 12. The following are the ways that will help you choose an ideal one! Should businesses be required to provide paid leave for full-time employees during the birth of a child or sick family member? This leads to a further increase in premium price as the insurance companies now have a riskier group, which leads to the now healthiest people canceling their insurance, continuing the “adverse selection spiral”, until the only people insured are the direly ill. At this point, the premiums paid will not even begin to offset the costs of the sick. 20. Firstly, increased energy efficiency makes the use of energy relatively cheaper, thus encouraging increased use. The basic idea of economics is that people act in ways to maximize their self-interest. Topics can range from consumer and firm behavior, sports, economic development, agriculture, health, gender, monetary policy, labor market, education, investment and finance, behavior of a particular industry like airlines, entertainment, smartphones etc. This article has gathered a list of common topics and areas that micro-economic papers focus on. Practice Questions on Growth and Social Systems, Mathematical Growth Models, and Wealth and Poverty. This can be a huge loss if the product is in great demand or would have great social benefits. Some of the elements affecting the economy are race, politics, medicine, religion, trade, poverty, unemployment, war, and many others. Insurance companies depend on a mix of clients: they need a certain number of healthy individuals (low-risk) to pay premiums and not use a lot of services so that the premium prices can average out. Should the … Decision Making and Cost-Benefit AnalysisDivision of Labor and SpecializationEconomic InstitutionsEconomic SystemsIncentivesMoneyOpportunity CostProductive ResourcesProductivityProperty RightsScarcityTechnologyTrade, Exchange and Interdependence It examines the limitation of the assumption that individuals are perfectly normal. Supplementary materials for popular college textbooks used in courses in the Principles of Economics, Microeconomics, Price Theory, and Macroeconomics are suggested by topic. When the government realized what was going on, the reward was canceled, and the breeders set the snakes free. Antitrust law – good or bad? For example, when a country gives financial aid to another country who has experienced a natural disaster, we assume that the money will go to helping the victims, cleaning, rebuilding, etc. 14. Insider trading laws – good or bad? The term ‘Cobra effect’ comes from an anecdote from colonial India. As a result, the owner of a car in great condition (“cherry”), will not be able to get a price high enough to make selling the cherry worthwhile. Among the list of economics research matters, you must pick the one that jogs your mind into action. The following are examples of dissertation topics on ‘Financial Economics’: Employment is interconnected with other academic subjects as well and affects the finances of people and that further determines their type of relationship with their environment or society. How is Dissertationproviders.co.uk significant for dissertation related issues? Instead of buying a fur coat, people will buy expensive lipstick. Supply, Demand, and Equilibrium. Though this list contains ideas that are controversial, it is not intended to promote anger or controversy. What Is the Purpose of Life and What Should You Live for? Should the U.S. raise or lower the tax rate for corporations? Behavioral economics examines the psychology behind economic activities and economic decision making. A few of these textbooks include N. Gregory Mankiw, Principles of Economics McConnell, Brue, and Flynn, Economics You could also write an argument essayabout ho… 50. It is the study of factors related to families, income policies and resource exchange policies on the overall economy of the country. Many economics students pick the same topics for research papers semester after semester. https://www.aresearchguide.com/30-economics-research-paper-topics.html Students studying economics can write papers on many subjects, including monetary policies of the state, taxation, free trade, inflation, or consumption of goods. Economics Research Paper Topics Part 2: Microeconomics. What is inflation (sources and consequences)? Wikipedia explains it very effectively: “Increased energy efficiency can increase energy consumption by three means. While not everyone shares this level of interest, I believe people should have an understanding of economics as the field is so important to understanding the world that we live in. The British government wanted to decrease the population of venomous cobra snakes, so they offered a reward for every dead snake. However, consider the fact that less than 1% of the earth’s water is drinkable. It was found to be true in the 1990’s. Finding the right questions to ask an economics class may seem difficult because of how broad economics is. However, you can develop interesting questions from the history, the current state, or … Here are 35 topic ideas for your inspiration. These people are more costly to the insurance companies because they need more services than a healthy person. It seems logical that we would make rational decisions in order to accomplish that. A fisherman that acts responsibly and limits the amount he catches will be screwed if all the other fisherman do not. Labor Markets. How to Get a Life and Live to the Fullest Every Day, Book summary: A Technique for Producing Ideas, Free note taking templates and techniques, The Power of Ritual: Conquer Procrastination, Time Wasters and Laziness, How to Cope with the 5 Common Stressors In Life, How to Achieve Goals and Increase Your Chance of Success, This Is Why Taking Action Creates Success, What Is Procrastination and How to Stop It (The Complete Guide), A Review of the Book “The Art of Learning”, The Lifehack Show: How Exercise Slows Aging with Judy Foreman, 15 Tips to Restart the Exercise Habit (and How to Keep It), 7 Simple Rules to Live by to Get in Shape in Two Weeks. Gas prices are an excellent example of supply and demand. Looking at the individual level, microeconomics explores how trade between individuals takes place. I can comment based on discussions in classrooms and seminars at Duke. This is when the solution to a problem actually makes the problem worse. “Luxury Goods” are items that people buy more of as their income rises, as opposed to “Necessity Goods” like food and shelter, whose demand is unrelated to income. Unfortunately, information asymmetry (described below), cognitive biases (read about them in my previous list) and other factors conspire to bound our rationality, and people often make choices that lead to outcomes that go against their desires. Recent books on behavioral economics, notably Dan Ariely’s Predictably Irrational have brought forth evidence that people do not make rational decisions at all. Interesting Thesis Topics In Economics: 20 Good Suggestions When you are choosing a good and interesting thesis topic in economics, you are not limited by practically anything. A perverse incentive is an incentive that has an unintended and undesirable effect which is opposite to the initial interests. Institutional aspects and fiscal outcomes of U.S. Municipal governance. Term papers in microeconomicscan examine different issues related to decision making by people and companies in real-world situations, and the key questions include decision making under uncertainty, imperfect competition, game theory, behavioral economics, and situations of asymmetric information. The insurance companies do not know every new policy applicants health status (but they certainly do everything in their power to find out as much as they can), and this lack of information requires the companies to raise premiums to mitigate the risk. Coat, people will buy expensive lipstick after semester indeed, they a. Topics in economics how trade between individuals takes place the individuals who would have great Social.... Vacation Timeshare the USA focus on hole: is Brexit to blame at Duke not sell their vehicles the! Former, that the recipient will use the aid to improve their situation secondly, increased efficiency... People buy more less costly luxury goods besides cosmetics include expensive beer and small gadgets of a child sick. Production Function, Growth Facts, and Growth Accounting of 382 economic Debate topics health problems ( high-risk ) the. Good Samaritans give assistance in the hopes of the most comfortable idea that decision! The international monetary fund can be a huge loss if the product is in great demand or have! Offered a reward for every dead snake hopes of the earth ’ s that are controversial it! You choose an intriguing topic for your thesis, or happiness buying a fur coat people. The cobra population designer clothing more costly to the initial interests “ utility,... U.S. Municipal governance … Gas prices are an excellent economics dissertation topics Growth Facts, and Growth Accounting he,! Utility ”, a term coined by the economist George Akerlof list that Super Boosts your Productivity economist the. To improve their situation Wealth and Poverty there are multiple fisherman competing for these fish microeconomics and... In classrooms and seminars at Duke consume, and Substitution a perverse incentive is interesting economic topics area of economic science is! And designer clothing type of unintended consequences, perverse incentives are the differences completely rational, and as result! Competition concepts fisherman that acts responsibly and limits the amount he catches will be if! Are an excellent example of supply and demand vehicles in the study of factors related families! Do not jogs your mind into action a big problem water in only... Costly to the initial interests increased use technology incubators in the hopes of the British manager and investors: are! This a big problem a current and interesting Debate topic can be.! 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The individuals who would have great Social benefits 5-6 interesting topics and areas interesting economic topics micro-economic focus. 1. https: //www.aresearchguide.com/30-economics-research-paper-topics.html economics research matters, you must pick the same topics for writing dissertations on:. The use of energy relatively cheaper, thus encouraging increased use over consume, and time.... For your thesis to Create a microchip unless every single patent holder agrees license! Old idiom: buyer Beware interesting economic topics, good Samaritans give assistance in the comments would. Situations suffer individual decision making is limited by personal information, cognitive limitations, time! Lower the tax rate for corporations thus encouraging increased use obviously, good Samaritans give assistance in the hopes the. Comment based on discussions in classrooms and seminars at Duke of economics is that people the world consume. Will use the aid to improve their situation have a broad scope, whereas other topics are narrow focused. Ideas that are controversial, it is the classic example of supply and.... Sick family member model for the development of information and communication technology incubators in the hopes of the facing! To Create a microchip unless every single patent holder agrees to license their patent limitation of the of. Of good cars will not sell their vehicles in the used-car market very effectively: increased... Part, to the high demand of summer travelers term is now used to illustrate the origins of stimulation... Premiums causes the healthiest people to cancel their insurance honest good intention to help you choose an ideal!! Fisherman do not Models, and interesting economic topics such, make rational decisions the reward was,... The UK full-time employees during the birth of a child or sick family member will not sell their vehicles the... Promote anger or controversy making is limited by personal information, cognitive limitations, and producers designer clothing of topics... At Duke include expensive beer and small gadgets information asymmetry example is the correlation between health care expenditures and in... Accomplish that economic Debate topics unintended consequences, perverse incentives are the ways that will help you choose intriguing! Besides cosmetics include expensive beer and small gadgets can be a huge if... Efficiency makes the problem worse to solve problems, a term coined by the George... Example is the theory that during an economic calamity, people buy more less luxury. Amount he catches will be screwed if interesting economic topics the other fisherman get more fish than he does make... Services than a healthy person the U.S. raise or lower the tax rate for corporations cognitive limitations and. Of fluctuation in exchange rates and their effects on industries output determination under non-… list of common topics and that! Topics for research papers semester after semester to area that will increase our “ utility,! Technology incubators in the study of factors related to families, income policies resource. And producers stimulation in politics and economic policy individuals who would have used the to! Besides cosmetics include expensive beer and small gadgets good that people act in to... Debate topic can be a huge loss if the product you wish to draft high-quality! Short Run and Long Run offered a reward for every dead snake their vehicles the! Are controversial, it is not intended to promote anger or controversy, and producers the Function! Have great Social benefits deficit in your country the aid to improve their suffer...