Income Inequality

The purpose of the written assignment is consistent with the General Studies Social & Behavioral Sciences II’s Student Learning Outcomes and the Course Student Learning Objective (listed in your syllabus and below again). We want to assess whether you can address a specific topic using the economic way of thinking. We want to know if you can develop an informed opinion and answer a question, traditionally, a question that has policy implications that are relevant to the real world by using the economic way of thinking and applying the traditional standards of scientific inquiry
(Assumptions, Logical Deductions of Propositions/Theory/Model, Empirical Falsification of the
Propositions/Theory/Model). All of this being done ethically, i.e., citing your sources, quoting authors and sources when
you used them, no fabrication of data, no taking out of context, etc.
Economic Policy Topic List (you can’t pick a topic outside this list – all these topics have been addressed by economists and there is a very large literature on these topics, it’s up to you to do your research and do the work):
a) Globalization (think any questions related to Free Trade or Protectionism)
b) Immigration (think any questions related to the wage impact of immigration, the fiscal impact of immigration, the institutional impact of immigration, the impact of immigration on innovation, etc.)
c) Minimum Wage (see the examples before)
d) Income Inequality (Example of questions you can try to answer are: What are the causes of income inequality?
Is there such a thing as too much or too little income inequality? What can be done to reduce income inequality
and what consequences could that have?)

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