using this article. https://teachecoknowmics.wixsite.com/website-50/post/deaths-of-despair
For this assignment, you must use detailed statistical data, researched information and economic theories to support the arguments that you will present in your text.
Describe and analyze an issue related to a particular time period in the economic history of the United States or of another country or region.
To address the questions, research must be done. It is important that factual information be provided so as to provide an accurate description.
You should include all of the following in your text, but can choose to incorporate additional information so as to provide a more complete response:
Informational Introduction:
Decide on a particular time period in the economic history of the United States or of another country or region.
Very briefly define the time period that you chose. You must use statistical data and factual information to address this question.
Briefly define the event(s) that hastened or ushered that tem period, if any.
Theoretical Question:
You must integrate at least two economic concepts acquired in this class to explain how the country or the region that you chose was positively or negatively impacted by the event(s) that you described. You can use graphs or equations to relate the theory that you chose.
Normative Question:
You may address the following, but can decide to address more questions:
“Which group was particularly affected by the events of that time period?”
“How difficult or how good was life for the population during that time period?”
“What do you believe was the role of the government or of any other group in hastening the problem or in ushering the prosperous era, if any?”
Describe qualitatively what you believe were the actions of the government or of any other group that helped to solve the issue(s), if any.
“How was the issue resolved or why did the prosperous era end?”
Use the knowledge acquired in this class to make a normative assessment and propose at least two policy recommendations that you believe would have helped to mitigate the adverse impact(s) of that event(s) or enhance the positive impact(s) of that event(s) on the country or region that you chose. (This last question will account for a significant portion of your Final Project grade)
Sample Solution
The issue I chose to analyze is the death of despair, which has been on the rise in recent years. In particular, this phenomenon can be observed in the United States over a period of time starting from 1999 and continuing throughout 2020. This period marks a significant shift in economic history, with many citizens facing poverty and a lack of access to quality healthcare services. The death of despair is defined as deaths caused by drug overdoses, alcohol-related causes, and suicide. It is important to note that these deaths are often not associated with health conditions or external factors such as accidents; instead they are largely attributed to mental health challenges driven by economic insecurity or an inability to cope with difficult life circumstances.