What is Economics Essay and Guide on How to Write It

Writing an essay requires full academic expertise, and things are getting harder when you are to prepare an Economics essay. Most people consider this discipline quite challenging and boring; that’s why crafting the essay on any related issue appears to be real torture. Unfortunately, there is not a universal formula for writing such an assignment, and everything that you need to do is to practice constantly. Soon, you will see the first positive changes in your style and ideas arrangement. To make your path easier, there is a step-by-step guide on how to write an Economics essay.

Steps for Writing an Excellent Economics Essay

If you want to land yourself to A+, then consider these steps to craft original content with ease. Pay special attention to the tips for choosing the winning idea, as exactly it affects your overall result.

Step 1: Choose a topic for the Economics essay

Generally, it is possible to divide the topics into three main body types:

• Testing a particular model in practice
• Researching the issue
• Describing and explaining a particular body of theory

Do not expect the teacher to help you with selecting the most suitable topic, as only you know what is more interesting for you. It is necessary to brainstorm the ideas and write down as many of them as it is possible. Next, you should look through the list and cross out the ideas one by one. Finally, you have a few of them and need to select the topic you feel comfortable with, which makes you feel like investigating the issue more and more.

Step 2: Ensure that you understand the task completely

Most topics for Economics essays come up in the form of the question. Before starting to work at a selected one, make sure that you understand it completely. In case you have any hesitations, do not postpone consulting with the professor to clarify everything at once and keep creating. Next, write the theme on a piece of paper and place it in some visible place. Highlight key phrases and keywords to understand what you should focus on.

Step 3: Perform a detailed research

Only when you are sure that you understand the issue well can you start doing your research. In most cases, textbooks can provide you with enough information for your project. If you lack relevant data, you can check the references body section to discover more helpful sources. While doing the research, you are likely to come across unknown terms. Spend some time clarifying their meaning. Also, you are recommended to keep your focus on the main questions instead of skipping from one question to another one.

Step 4: Plan the writing

Once you did profound research and got enough information for the essay body, it’s high time to think about what exactly you are going to write and arrange all points logically. In other words, you need a concise plan. Do not confuse it with an outline. You need to enumerate all significant points that you plan to highlight in your project in simpler words. This way, you will clearly understand what you should include in the essay body and what points are better to omit.

Step 5: Craft the first draft

When creating an essay body, you should remember a common essay structure. It includes Introduction, Main Body, and Conclusion. It is highly recommended to start the essay body with a hook such as a well-known quote or statistics to grab the attention of the target readers. Mind adding strong thesis statements and some background information. Next, work on the main body that traditionally includes three body paragraphs. Each body paragraph must start with a theme sentence. Ensure that there is a smooth transition from one body part to another. Finally, summarize all discussed information and state a clear conclusion. If you want to get better at writing, read our other articles ‘Writing Conventions’ and ‘Creative Writing Prompts.’

Step 6: Make sure that your evidence is compelling

The key attribute of an essay body is statistics, current data, and figures. It means you are not expected to write the content and simply mention the other authors. Instead, you need to present evidence for all your key points to sound credible.

Step 7: Reread and check your draft

After finishing the work at the draft, you are recommended to rest a little bit and only then check your project. Ensure that you use the required formatting style and have no mistakes (grammar, spelling, etc.). Make any necessary corrections to make sure that your essay looks fantastic. Once you are done, rewrite the first draft with essential changes. It would be great if someone can read your project and give a few recommendations on how to make it even better. A fresh view is always beneficial.

The Best Economics Essay Ideas

As it has been stated before, the theme is crucial for essay success. To help you a little, a team of professional experts prepared a list of the best economics essay ideas. Look through all of them to get some inspiration and present an engaging essay.

Interesting Essay Ideas

Don’t want to sound trivial? Look at these interesting ideas and create the essay that will surely attract the attention of your target readers:

1. Discuss and present arguments whether Economics is experimental science or not.
2. Look at the influence of Big Data on the banking field from an Economics perspective.
3. Analyze the impact of modern technologies on Economics and give a few examples.
4. The argument for free market capitalism
5. Explain the effects of the legalization of marijuana on the economics of your country.
6. Evaluate the relationships between housewives and economics. What is the value of such work?
7. Define the arguments on the phenomenon of the housing bubble. State its causes and impact on the economy.
8. Analyze “Robinson Crusoe” from an economic perspective.
9. Explain the impact of politics and economics on Marvel heroes.
10.   Discuss and find arguments about the influence of online shopping on the country’s economics.

Easy Essay Topics 

If you find Economics to be a challenging discipline, then easy topics are what you need to make the writing process simpler:

1. Discuss the role of the government in arranging the economy of the country and its development.
2. Analyze the difference between short-term and long-term economic growth.
3. Describe 10 Economics principles and state what questions this discipline addresses.
4. Investigate the economic situation in one of the African countries.
5. Modern money system of the USA: advantages and disadvantages.
6. Discuss the place of small businesses in the economics of your country.
7. Can the theories of Marx be applied to the current economy?
8. The argument for universal basic income
9. Why is it significant for every individual to be aware of Economics principles?
10.   The minimum wage debate: An argument for raising vs. maintaining current rates

Microeconomic Essay Topics

If you are ready to perform deep research and find out something new without the teacher’s assistance, then pay attention to Microeconomic essay topics:

1. Discuss the relation of woods to food security in terms of microeconomics.
2. The argument for price elasticity of demand
3. Define what a cartel is and provide a few examples from current industries.
4. Market structures: An argument for competition vs. monopoly
5. Compare two organizations that deal with inelastic and elastic demand, and state what the cost of delivering education in universities and colleges is?
6. What economic strategy must be used in poor countries?
7. The argument for behavioral economics:
8. What are the advantages and price of land use planning in your country?
9. Environmental economics: The argument for sustainable resource management
10.   The argument for government intervention in markets

Economics Essay Example

Do you want to see how a good Economics essay looks? Go on reading the essay” Economic Principles: Analysis of Price,” and pay attention to the arrangement of important ideas:

“In terms of opportunity price, literacy is better than illiteracy. Going to college is recognized as profitable since the knowledge that the person gets there is significant for coping with certain tasks. It is related to the work time that a person spends to earn money. Based on these examples, it can be stated that not purchasing the textbook may be saving for a particular educational trip to a definite organization. It will boost the practical application of gained skills that the person learns in the class theoretically.

For showing everything properly, the diagram is applied. It illustrates the impact on the market for vehicles and demonstrates the effect on the balance between quantity and price. The price of petrol keeps growing. It will lead to a reduction in the quality caused by price boosting. Eventually, the demand will go down as there is no alternative for people…”

The Final Word

Even if writing an Economics essay seems to be challenging for you, it may become a great experience. Once you choose a good topic that appeals to you and studies other peculiarities of perfect content, there are no other obstacles to crafting a unique and interesting project. In case you are short of time or lack inspiration, you can always cooperate with a professional writing company and order a custom essay from specialists. The experienced authors will deliver a top-quality essay before a deadline and impress you with a unique project that fully meets your teacher’s requirements.