The majority of students – when they hear the “E” word – instantly see equations, numbers and axioms in their mind. Another part of students think that Economics is all about money. Well, the truth is that both are mistaken because this discipline deals with weighing up and making choices like whether it’s better to stay at home tonight or go out with friends, which cinema to choose, what apartment to rent, etc. You even can’t imagine how important economics is till you get to the bottom of it. But let’s be honest – you won’t do that out of sheer curiosity. That’s exactly why there are professors who task you with writing assignments within this discipline in order to make you research and comprehend its value.
But apart from understanding what the economics is, these kinds of tasks also have the purpose of testing and improving your skills. When you need to write an economics essay, your professor actually wants to find out the answers to the following questions:
Keep those questions in mind while planning and writing because they will help you to live up to your professor’s expectations. But before you dive into the world of wordcraft, first you need to make up your mind what you are going to write about. How can you do that? Just keep reading our economics essay writing guide and find out!
You have to be ready for the fact that there is no magic trick or secret formula that will match you with the topic that will satisfy you and your supervisor. But, at least, you can do your best to spot it, and for this you need to be:
While you’re processing the economics essay writing prompts we’ve provided, we will present you with 10 sample topics that will show you in which direction to move and give you some excellent ideas.
You’re welcome! After you decide on the topic, it’s important to understand how exactly you should write about it and which concepts to keep in mind while analyzing. So, let’s find out what they are.
When you reflect upon some certain topic that you’ve picked and, then, lay out all your thoughts on paper, you need to remember about the 3 pillars of the economics essay writing: application, analysis and evaluation.
This is a very important concept that all professors look into while reviewing your essays. It implicates that you can take your economic knowledge and apply it in practice, meaning within the topic that you’re going to research in your writing. Knowing terms and definition is obviously not enough, that’s why this part is checked very carefully.
Well, the original definition suggests that this is a process of dividing something into smaller parts and looking into them separately. In the economics writing, it can be performed using the chain of reasoning – you give a statement and explain it step-by-step with the help of special linking words like consequently, furthermore, as a result, etc.
e.g. Do a little research before buying goods online. If you don’t do that, you may purchase a product for a much higher price than on other shopping platforms. Consequently, you will spend more money that you could actually save up. Moreover, while researching you can learn about special offers that some of the web sellers provide.
This is the hardest part because it demands your maximum participation. You need to provide the wider context and be able to express it in writing like, for instance, how your research results can be applied in other situations. It’s also important to show that you take into account positive arguments as well as negative ones – if there are statements that oppose your hypotheses, include them in your essay and, this way, try to strengthen your evaluation. While in analysis and application you take ready claims and only then act upon them, in evaluation everything should come out from you.
These are the elements that have to be present in your essay if you count on a really good grade, so read them again to get a better understanding.
Now, when you know your topic and are aware of the most important skills you need to apply in economics essay writing, we will tell you about the structure of this type of assignment. To tell the truth, the skeleton of the paper stays the same as in any other paper – introduction, main body and conclusion. But that, what you put there and how you present it, is exactly what is different. Let’s look into each segment in detail.
As the name suggests, in this part you introduce the reader to your topic, but first you need to grab his/her attention with a good hook to spark some interest. The hook can be mind-blowing statistical data, a quote from a famous economist, bold statement, etc.
After you focus the attention of the reader on your writing, you include a general sentence that outlines your topic. And, then, goes the most important element of the introduction – a thesis statement.
The thesis statement is a simple and short summary of the goal you want to achieve in your essay. It has to encompass one main idea that you will prove throughout your writing and mention again in the conclusion, so it’s main purpose is to inform the reader what and why exactly you will explore.
Well, that’s when the real fun begins. Your main body may consist of as many paragraphs as you need – just make sure you fit into the word limit because if you write not enough or exceed it, you will be equally downgraded.
All your paragraphs must be structured in the right way:
It is possible that elements like cause and consequence may be omitted, but other parts are essential for your successful economics writing. This paragraph plan allows you to quickly draft short sentences for each point so you certainly won’t have any writer’s blocks or situations when you don’t know what to write next.
As for main body as a whole, we advise you to structure it this way:
The thing is that all your paragraphs may include elements of application, analysis or evaluation. But there has to be a general direction for each chunk of the text to control the attention of your reader.
You’re almost all set for your writing adventure – you know how to choose the topic, how to write about it and in what way to structure your thoughts. But there are also significant details that you have to remember about because they may cause some damage to your overall grade if you foul up on them. Let’s see what they are:
It’s better to go through this list right before writing, and during your proofreading sessions which we’re going to talk about in our next paragraph.
The most important thing is to check your essay for errors only after you completely finish it. It’s essential because if you do it simultaneously with writing, you will not be able to concentrate either on creating text or editing. But that also doesn’t mean that you need to start proofreading right after your last word is written. In order to do everything properly, you must follow a certain sequence.
You need to forget what you have written. Why? Because when you pore over the assignment for quite a long time, your eye is not so eagle anymore – it gets used to your style and just doesn’t notice any errors. That’s why you should leave your work for a day or two (of course, if the deadline allows you), and only after that start editing.
One small hack: also change the font of your essay – you’ll be surprised as it will seem like you’re reading someone else’s writing.
Don’t look for everything at once; plan your editing carefully. Firstly, review the essay and look for spelling errors. After that check thoroughly the grammar. Devote your next session to evaluating the actual content (logic, meaning, etc.). This way, step by step, you will eliminate the majority of mistakes that could ruin your mark.
Make sure to plan the last review session before the submission. It is equally significant for your writing because while editing you will surely make some changes that might influence sentences or even paragraphs. You certainly need to check the consistency of the content you’re going to hand in to your professor.
This guide contains the full range of economics essay writing tips you need to write an economics essay. Its advantage is that you don’t have to rummage through the Internet to find additional information because everything is here in one place. So, use it to the maximum to save up time and produce an excellent academic paper!