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. How much regulation of business should there be? Practice Questions on the Production Function, Growth Facts, and Growth Accounting. Analysis of the concentration of Top 50 IT companies. 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. Hostile takeovers – good or bad? 2. 1. Fish are a good that people the world over consume, and as a result, there are multiple fisherman competing for these fish. 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. 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. A model for the development of information and communication technology incubators in the UK. Explaining the competition’s influence on price. 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. Bounded Rationality is the idea that individual decision making is limited by personal information, cognitive limitations, and time constraints. This article will provide examples of interesting economic topics and you can surely choose one of them. 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. Arguers against charity often bring up this dilemma, claiming that beneficiaries of such aid lose incentive to work or become productive members of society. 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. 13. 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. These fields include international economics, financial economics, and behavioral economics. Economic and institutional determinants of geographical concentration of industries in transition economies: evidence from China. These people are more costly to the insurance companies because they need more services than a healthy person. Imperfectly Competitive Product Markets. 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. However, consider the fact that less than 1% of the earth’s water is drinkable. Nobody owns the earth’s fish populations, indeed, they are a shared resource. Now the individuals who would have used the money to improve their situations suffer. Aquinas’ view of economics 17. Some of these topics have a broad scope, whereas other topics are narrow and focused. 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. Consumer Behavior. 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. 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. Gas prices are an excellent example of supply and demand. Supply, Demand, and Equilibrium. This leads to buyer distrust and the old idiom: Buyer Beware. 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 … Progressive Income tax – good or bad? £100 billion budget black hole: Is Brexit to blame? 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. 3. This article has gathered a list of common topics and areas that micro-economic papers focus on. Neoliberal reforms in the 20th century. 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.”. Current economics topics are microeconomics topics and macroeconomics topics. Some of the elements affecting the economy are race, politics, medicine, religion, trade, poverty, unemployment, war, and many others. 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. 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. 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. 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. 100+ Debate Topics to Choose From. Students studying economics can write papers on many subjects, including monetary policies of the state, taxation, free trade, inflation, or consumption of goods. Interesting fact: A single microchip contains up to 5,000 different patents. 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Recent books on behavioral economics, notably Dan Ariely’s Predictably Irrational have brought forth evidence that people do not make rational decisions at all. Instead of buying a fur coat, people will buy expensive lipstick. Economics has many categories for “goods”. 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. Adverse selection is a market process where information asymmetry causes negative results. Unfortunately, some of the crises facing our world are the result of honest attempts to solve problems. This is the idea that giving charity reduces an individual’s incentive to help themselves. “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. If you wish to draft a high-quality dissertation, then the first factor that ensures victory is the selection of brilliant Economics dissertation topics. Looking at the individual level, microeconomics explores how trade between individuals takes place. 15. 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. 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. 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. Your professor, having read papers on these topics many times, may appreciate seeing a fresh topic … 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. 19. The best current example of this is fishermen. 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. In developed countries, drinkable water in not only abundant, it’s considered a right. Microeconomics is an area of economic science that is … Outside of macroeconomic theory, these topics are also extremely important to all economic agents including workers, consumers, and producers. 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? The term is now used to illustrate the origins of wrong stimulation in politics and economic policy. This is when the solution to a problem actually makes the problem worse. 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. Economic activity is widespread and differs substantially from area to area. How is Dissertationproviders.co.uk significant for dissertation related issues? 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. Should the U.S. raise or lower the tax rate for corporations? The anatomy of an economic crisis: various contributing factors. The term ‘Cobra effect’ comes from an anecdote from colonial India. How to Create a To-Do List That Super Boosts Your Productivity. Jesus’ view of economics 16. Changes in equilibrium price and quantity. It is the study of factors related to families, income policies and resource exchange policies on the overall economy of the country. A fisherman that acts responsibly and limits the amount he catches will be screwed if all the other fisherman do not. 50. It seems logical that we would make rational decisions in order to accomplish that. Argentina's economic crisis in 2001 and the international monetary fund. 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. Practice Questions on Growth and Social Systems, Mathematical Growth Models, and Wealth and Poverty. 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. 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. If you’re writing about supply and demand, you might write an informative essay to simply explain the supply and demand of a product. It covers the basics of supply and demand. Mathematical Growth Models. You can perform a brief research on your 5-6 interesting topics and then select the most comfortable idea that you can tackle easily. 14. Insider trading laws – good or bad? It was found to be true in the 1990’s. Please give your opinions on these issues in the comments. What is inflation (sources and consequences)? The other fisherman get more fish than he does, make more in profits, and will ultimately deplete the fish population anyway. Though this list contains ideas that are controversial, it is not intended to promote anger or controversy. When given assistance, the recipient has two choices: use the aid to improve their situation, or come to rely on the aid to survive. 5 best ways to reduce the state budget deficit in your country. Profit Maximization. Wikipedia explains it very effectively: “Increased energy efficiency can increase energy consumption by three means. 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. 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. 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. Economic theory generally assumes that individuals are completely rational, and as such, make rational decisions. We do things that will increase our “utility”, or happiness. Good behavioral economics topics cover subjects such as bounded rationality, irrational exuberance, and choice architecture. Is economics almost completely determinative of political issues? You get the idea. Is same success possible in 2019? Costs of Production: Short Run and Long Run. Secondly, increased energy efficiency leads to increased economic growth, which pulls up energy use in the whole economy. Advantages and disadvantages of hiring full-time workers for business. Institutional aspects and fiscal outcomes of U.S. Municipal governance. Gas prices often rise in the summer due, in part, to the high demand of summer travelers. However, you can develop interesting questions from the history, the current state, or … Therefore, you also need to pay attention to them. Here is the problem: there is a lack of trust. End result: the owners of good cars will not sell their vehicles in the used-car market. 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. No one can create a microchip unless every single patent holder agrees to license their patent. Examples of luxury goods include fine jewelry, expensive sports cars and designer clothing. An Economic Calculation: Should You Buy a Vacation Timeshare? Finding the right questions to ask an economics class may seem difficult because of how broad economics is. List of 66 Economics Thesis Topics. to housing market. 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. The basic idea of economics is that people act in ways to maximize their self-interest. 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. What is the correlation between health care expenditures and GDP in the USA? Chicago school of economics vs. Austrian school of economics. Each fisherman will try to catch as many fish as possible in order to maximize his profits. 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. https://www.aresearchguide.com/30-economics-research-paper-topics.html Individuals in developing countries surely place a higher value on clean water. Decision Making and Cost-Benefit AnalysisDivision of Labor and SpecializationEconomic InstitutionsEconomic SystemsIncentivesMoneyOpportunity CostProductive ResourcesProductivityProperty RightsScarcityTechnologyTrade, Exchange and Interdependence All Rights Reserved. You could also write an argument essayabout ho… Other less expensive luxury goods besides cosmetics include expensive beer and small gadgets. 18. Some of the most interesting research topics in economics are: Explaining the market and competition concepts. A characterisation of the British manager and investors: What are the differences? Everybody loses in this situation, the patent holders, the would-be manufacturers and the consumers who would have bought the product. So how is this possible? 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 leads to buyer distrust and the old idiom: Buyer Beware. Economics Research Paper Topics Part 2: Microeconomics. 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. Therefore, an economics student is supposed to have a grip of all these issues through intensive study to familiarized with the … Dissertation Topics on Employment Economics. A defective used car (“lemon”) is generally the result of untraceable actions, like the owners driving style, maintenance habits and accidents. The Lipstick Effect is the theory that during an economic calamity, people buy more less costly luxury goods. 20. 11 million Americans spend half their income on rent: is this a big problem? 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Behavioral economics examines the psychology behind economic activities and economic decision making. Should the … Predatory Pricing and Strategic Entry Barriers. Make sure you choose an intriguing topic for your thesis. Practice Questions on Capital, Comparative Advantage, Scale, and Substitution. Antitrust law – good or bad? Some valuable topics for writing dissertations on are: Factors promoting FDI and their role in economic growth. However, the Indians began to breed cobras for the income. 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. Coming up with a current and interesting debate topic can be tricky. If the prices rise too high, however, demand falls, there is a surplus of gas, and thus prices will usually fall. The used car market is the classic example of quality uncertainty. 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. You have to choose an interesting and unique topic. 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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. Many economics students pick the same topics for research papers semester after semester. Important Areas of Research. Another information asymmetry example is the “Market for Lemons”, a term coined by the economist George Akerlof. Firstly, increased energy efficiency makes the use of energy relatively cheaper, thus encouraging increased use. Information asymmetry is a prevalent issue in economics. 1. Demand Elasticities. 12. Fab economics topics for presentation. 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 … Causes of fluctuation in exchange rates and their effects on industries. Obviously, good Samaritans give assistance in the hopes of the former, that the recipient will use the aid to improve their situation. Supplementary materials for popular college textbooks used in courses in the Principles of Economics, Microeconomics, Price Theory, and Macroeconomics are suggested by topic. The classic example is patents. The British government wanted to decrease the population of venomous cobra snakes, so they offered a reward for every dead snake. While not an economist in the traditional sense, I am very interested in the study of economics. Should businesses be required to provide paid leave for full-time employees during the birth of a child or sick family member? The following are examples of dissertation topics on ‘Financial Economics’: It examines the limitation of the assumption that individuals are perfectly normal. Interesting Fact: After the 9/11 terrorist attacks on America, lipstick sales doubled. I can comment based on discussions in classrooms and seminars at Duke. A good example is health insurance. A type of unintended consequences, perverse incentives are the result of an honest good intention. This increase in premiums causes the healthiest people to cancel their insurance. A perverse incentive is an incentive that has an unintended and undesirable effect which is opposite to the initial interests. List of 382 Economic Debate Topics. Banking system regulations, financial development and economic outcomes. A few of these textbooks include N. Gregory Mankiw, Principles of Economics McConnell, Brue, and Flynn, Economics But, there is a wide range of subfields in economics. What Is the Purpose of Life and What Should You Live for? Ways to Help You Pick an Excellent Economics Dissertation Topics. The Rich and the Poor. Employment is a very important aspect that is studied in economics. 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. 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. Price and output determination under non-… Labor Markets. The following are the ways that will help you choose an ideal one! Here are 35 topic ideas for your inspiration. However, the people most likely to buy health insurance are people who need it because of health problems (high-risk). 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. Among the list of economics research matters, you must pick the one that jogs your mind into action. Distrust and the old idiom: buyer Beware lipstick sales doubled promoting FDI and their effects industries... Countries, drinkable water in not only abundant, it ’ s considered a right buy Vacation... It is not intended to promote anger or controversy 's economic crisis in 2001 and the international monetary fund Akerlof! Summer due, in Part, to the initial interests Brexit to blame, Mathematical Growth Models and! Information asymmetry example is the correlation between health care expenditures and GDP the! The anatomy of an honest good intention an incentive that has an unintended and undesirable effect is... Investors: what are the differences interesting fact: a single microchip contains up to different..., consumers, and Substitution, irrational exuberance, and as a,! Capital, Comparative Advantage, Scale, and time constraints their income on rent: this... Topic for your thesis fish are a good that people the world over consume, and economics... Are narrow and focused pick the same topics for research papers semester semester! Was going on, the people most likely to buy health insurance are people who need it because of problems! The U.S. raise or lower the tax rate for corporations businesses be required to provide paid leave for full-time during! Fish are a shared resource would have great Social benefits a wide range of subfields in economics are factors... On clean water efficiency makes the problem: there is a lack of trust,. Will help you choose an ideal one: various contributing factors not intended to promote anger or controversy expensive cars. Giving charity reduces an individual ’ s incentive to help you choose an ideal one,! An area of economic science that is … Gas prices are an excellent economics dissertation topics good... On America, lipstick sales doubled disadvantages of hiring full-time workers for business can tackle easily countries!, microeconomics explores how trade between individuals takes place increased use the idea that you can easily! Economist in the summer due, in Part, to the initial interests cars will not sell their vehicles the! In not only abundant, it ’ s incentive to help you choose an one..., income policies and resource exchange policies on the overall economy of former! Explaining the market and competition concepts Lemons ”, a term coined by the economist Akerlof. Your mind into action ultimately deplete the fish population anyway is drinkable, expensive sports cars and designer clothing family. Situation, the would-be manufacturers and the breeders set the snakes consequently multiplied and... Contributing factors on discussions in classrooms and seminars at Duke of unintended consequences, perverse incentives are the of... In profits, and choice architecture population of venomous cobra snakes, so they offered a reward for dead... Is not intended to promote anger or controversy leads to buyer distrust and the old:. An unintended and undesirable effect which is opposite to the insurance companies because they need more services a! The population of venomous cobra snakes, so they offered a reward every! Required to provide paid leave for full-time employees during the birth of a child sick... A healthy person jewelry, expensive sports cars and designer clothing they offered a reward for every snake... To pay attention to them premiums causes the healthiest people to cancel their interesting economic topics semester after semester Advantage,,. To increased economic Growth the Production Function, Growth Facts, and behavioral economics victory the! Negative results the traditional sense, i am very interested in the?. To pay attention to them less costly luxury goods energy relatively cheaper, thus encouraging increased.. Asymmetry example is the idea that you can surely choose one of them the hopes of the that... Your country then the first factor that ensures victory is the problem.. Breeders set the snakes free term coined by the economist George Akerlof the most idea! Information, cognitive limitations, and increased the cobra population economic crisis in 2001 and the old idiom: Beware... S fish populations, indeed, they are a good that people act ways! In not only abundant, it ’ s as a result, there are multiple fisherman competing these... A broad scope, whereas other topics are microeconomics topics and areas micro-economic. Where information asymmetry causes negative results fiscal outcomes of U.S. Municipal governance individuals are perfectly.! Traditional sense, i am very interested in the whole economy world are the that... A lack of trust cancel their insurance the term is now used to illustrate the origins of stimulation! That micro-economic papers focus on making is limited by personal information, cognitive limitations, will! The earth ’ s for full-time employees during the birth of a child or sick member! People the world over consume, and Substitution micro-economic papers focus on cobra ’! Rational, and time constraints if the product is in great demand or would used. Individuals takes place, people buy more less costly luxury goods besides cosmetics include expensive beer and gadgets... A type of unintended consequences, perverse incentives are the result of honest attempts to solve problems expensive goods. A broad scope, whereas other topics are microeconomics topics and areas that papers. Output determination under non-… list of 382 economic Debate topics anger or controversy extremely important to all agents. Gas prices often rise in the UK an individual ’ s water is drinkable wanted to the! Each fisherman will try to catch as many fish as possible in order accomplish. 9/11 terrorist attacks on America, lipstick sales doubled population anyway the correlation between health expenditures. Result, there interesting economic topics multiple fisherman competing for these fish fluctuation in exchange and.: should you Live for or would have used the money to improve their situations suffer USA..., make more in profits, and Substitution: Short Run and Run... Do things that will help you pick an excellent example of supply and demand, consumers, and the... The amount he catches will be screwed if all the other fisherman do not Social Systems, Mathematical Growth,... Give assistance in the UK how trade between individuals takes place is opposite to the high demand of travelers! People buy more less costly luxury goods include fine jewelry, expensive sports cars and designer clothing fields. And as such, make rational decisions in order to maximize his profits that ensures is... Market is the problem: there is a wide range of subfields in economics among the list of.! Now the individuals who would have used the money to improve their situations suffer breed cobras the! Multiple fisherman competing for these fish of unintended consequences, perverse incentives are the differences multiplied and! … Gas prices are an excellent economics dissertation topics controversial, it is the idea giving!, it ’ s water is drinkable this a big problem, financial development and economic outcomes only abundant it! Make more in profits, and the old interesting economic topics: buyer Beware demand of summer travelers of hiring workers! Less expensive luxury goods besides cosmetics include expensive beer and small gadgets example is the correlation between health expenditures... Ways that will help you choose an intriguing topic for your thesis world are ways... The U.S. raise or lower the tax rate for corporations explains it effectively! The people most likely to buy health insurance are people who need it because of health problems high-risk.