How to Proceed The Proposal stage is about discovery and examination of ideas. Y
ID: 1136406 • Letter: H
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How to Proceed The Proposal stage is about discovery and examination of ideas. You will need to do active thinking and engage critically with your subject of choice. This is the phase where you are figuring out' and refining what you think before you proceed to communicate it in a more formal way (to be done in the First Draft and Final Version of your paper). These are the steps you should follow: 1. Identify topic within economics that interests you (or any topic that can be approached using economics) 2. Establish the purpose of your research 3. Undertake a background search 4. Identify a specific issue within the topic In step 1, you may start by thinking about a topic or an issue that you brushed upon in a class and you wished you had learned more about. Or something you read about in the news or social media that made you curious but you never had a chance to explore more in depth. Or about that ongoing discussion you have with a classmate or a friend that has never been settled, because neither one of you did serious research. This is your chance to do so.Explanation / Answer
Recently, there are many news artciles published on Trump govt. protectionist policies to reduce current account deficit for USA.
These policies are like: Increasing tariff on imported goods and also reduced number of visas to skilled people from across the world to make sure that native US Citizens get these jobs.
These steps however have its own drawbacks too. Like increasing costs for US firms as wage rates are higher in USA and also reduced choices for US Consumers.
Hence, a student of Economics can undertake a research to study whether these policies really work in US favour. For this a lot of secondary data needs to be collected.
Past references can also be taken from historical data like 1990 s when these steps were taken did it really work. Also a primary data can be collected from firms in different industries how they feel about theses policies and an analysis of this data can presnt a real picture.
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