The subject of economics is not always the most engaging. It can seem tiring, boring and too difficult to fathom. However, once you understand the mechanics of it then you will have the key to a world filled with a richness of knowledge. Economics can be an extremely stimulating subject and once you understand it and you know how to write an economics essay then you will be sure to pass either your A Level or your degree. It is therefore vital that you get to grips with some of the basics of essay structure and how to use economic theories to vindicate your argument.
This may seem like an intense and perplexing area to launch yourself into, however you shouldn’t be alarmed. This article will guide you through how to write an essay and it will explain some of the potential pit falls that you may encounter. It will show how to make sure that your essay is persuasive, interesting and to the highest possible standard to get you the best marks possible.
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The introduction of your essay is one of the most important parts. It allows you to outline your argument briefly an also to demonstrate your knowledge of the subject. For instance, if you were answering a question about the effects of the house price bubble on modern American society, you would explain your argument briefly before mentioning what you know about the house price bubble. You could link the 2008 crash to it as well as the effect it had on the socio-economic living standards of modern Americans. This would demonstrate to the reader that you understand, not only how to frame your argument but that you can also provide support for that argument. You must always remember that your introduction should not be too long or too detailed – if you try to make your introduction too detailed then you move into the area reserved for your main arguments. The separation between your introduction and your main body can be viewed in the same way as the separation of church and state in America and other countries – they are connected but not in a way that you would be unable to distinguish one from the other. It is therefore vital that you remember your introduction should only touch on your argument briefly and not attempt to answer it completely.
Once you have written your introduction it is time to move onto your central argument. Your central argument should form the majority of your essay and should not only answer the question you have been set but provide evidence as to why your answer is correct and discuss the subject you are writing about fully and compressively. A strong argument will allow you to gain the most marks possible and convince the reader that you are right. Unlike the introduction, which should follow the standard set for introductions as mentioned above, your central argument should be well thought through and follow a particular structure. That is why you need to make a plan for it before you write it out in full, allowing you to properly think about the aim of your essay, be certain that you understand how to convey your argument and what you should bring into the essay as evidence to convince the reader that your interpretation is correct. This requires you to think about your argument in several stages.
Now that you have gone through the three bullet points your plan should include your central argument, your evidence and any theories which you can think of. This will ensure that your essay is tight, structured and well organised. How much you write obviously depends on the question and on whether you are writing your essay at A Level or for your Degree; if you’re writing your essay at A Level then the use of theories won’t be regarded as important for Economics students – the use of facts and making sure your essay is structured will be given higher priority. However, you should start including theory as it means that when you get to university, you’ll have gotten into the habit of using them and thus not struggle with the concept of it.
Once your plan is done, it is time to write your essay. When writing the essay, it is wise to remember that you should take your time to make sure that you are using the best language possible. It is not enough to simply copy your plan because your plan won’t be detailed enough – it will provide you with the outline for what you should say but it won’t give the full details of what you can say. Try to make sure that you use persuasive language as this will help cement in the reader’s mind that you are knowledgeable about the subject and that you can persuade them that your argument is correct. However, don’t try to over complicate your language – this will make your essay clunky and weaken your central argument. You can use as many pieces of evidence and theory as you want but if your language is repetitive and attempts to throw too much at the reader at once then your essay will become unreadable. Your essay must be explanatory but not so much that it doesn’t answer the question, nor should it be so simple that it doesn’t properly explain what you are arguing. This must always be at the forefront of your mind when writing an economics essay or any type of essay as it will allow you to write the most informative and high-quality essays you possibly can.
Like the introduction, your conclusion should be straightforward as it should follow a standard set for conclusions across all essays. Your conclusion should be the culmination of your argument and act a means of neatly tying everything you have discussed in your argument together. It should reiterate the answer you provided to the question in the introduction but with the full weight of the evidence you have provided throughout the essay to back it up. Your conclusion is the point where you can give the reader your final and best impression – make sure that your conclusion comes across as authoritative and persuasive and brings up the strongest points that have featured in your essay. However, don’t try to list them – weave them into your conclusion subtly so that they are a means of reminding your reader of the point without hitting them over the head with it. You should endeavour to make your conclusion like your argument – succinct and clearly understandable to the reader. You should also make sure that you end by stating what you think is the relevance of the question to the world in general and to the discipline of economics in particular.
This will allow you to relate your argument back to something that is tangible. To use the example from earlier, if you believe that mortgage equity payments had a negative effect on businesses during the recession then you could briefly talk about the real world impact of the failing house market as on society as a whole and how a recession can impact all sections of society, including the business community that may be partially responsible for it. This will help to make your conclusion stand out and allow you to link it to any theories that you have previously used in your essay – for instance, if you want to use a monetarist theory then you could link it to the real world outcomes of the recession and argue that the markets need to be freer to allow capital to travel easier and prevent another fall in the value of house prices.
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