Global Economy (J23) Final Essay Assignment (Spring 2021)
Prof. Joe Foudy
The Economic Impact of Aging. How will demographic trends impact business from a business/ corporate perspective over the next 30 years? For simplicity you can avoid extensive discussion of gov’t budgets, savings/investment and financial markets, though there is a belief that it will impact interest and savings rates as well as potential GDP growth. Can you speculate on specific firm/industry/country impacts? How might it affect specific consumer goods industries? Tech? Real Estate? Travel? Education? Other sectors? You might want to pick 2-3 sectors and discuss them in-depth.
The Economic Impact of 3d Printing. For your paper, assess the impact of the 3D printing, which many observers believe will have a transformative impact on the economy. Please note that such printing comes in several flavors: printing of simple consumer products at home, midrange machines that might reside in stores in NYC and could print more complicated products, spare parts or even clothing, and high-end machines that might be able to fabricate metal or other materials in manufacturing (even for printing parts for automobiles or airplanes). How will this impact various industries/sectors? How will this impact the global economy (e.g. trade, particular regions, developing or developed countries)? How will it impact labor markets and inequality trends? What other economic impacts do you anticipate? Are there any non-obvious impacts you believe most people are not considering?
The Economics of Climate Change. How will climate change affect business over the next 30 years? How will climate change or climate mitigation impact economic growth? What are some specific firm/industry/country impacts. How might it affect specific consumer goods industries? Agriculture? Real Estate? Travel? Other sectors? You might want to pick 2-3 sectors and discuss them in-depth.
Due Date: Wednesday, May 18th by 11:55PM
When finished, please post your essay electronically on the assignment’s portal on NYU Classes.
You are expected to do your own (light) research on this. Data is always good where you can back any argument you make.
The challenge is to respond in a reasonably concise essay. Experience shows that a minimum of roughly 4-7 pages can work, if carefully crafted. There is no hard page limit or word count. However, a very short paper would need to be especially efficient to earn a top grade. A very long paper would not look as good if a paper of half its length conveyed the same information..
For simplicity and to avoid confusion – do not discuss this paper with other students in class or NYU. The work should be your own.
The Stern Code of Conduct applies, so do not forget to enclose quoted materials with quote marks and cite quoted or closely paraphrased passages to their sources. If you use non-course materials, refer to them in a bibliography/reference list. If in doubt on any issue of ethics, citation, or academic integrity at all, email me!