summary-of-two-texts-concerning-a-related-economics-topic-800-words

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❗ Please read carefully ❗
Write a summary of 800 words (+/- 10%) of the two following articles concerning the natural rate of unemployment.

FOCUS on the BIG PICTURE !!!

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THINK about the ESSENCE, do not loose yourself in nitty gritty details.

Read the articles separately and make distinct summaries. Integrate the summaries only after you have a clear idea of how you want to organise the final text.

Ask yourself the following questions:

  • What is the purpose of each article?
  • What is the specific approach to the subject of each article?
  • Do they use the same definitions?
  • How do they relate to one another? Which is the more general? Which is more specific?
  • How can I use what I have learned to organise my thoughts?

This assessment will be marked according to the following criteria:

  1. Knowledge and understanding (35%): Students will need to show their understanding of key concepts in their specifically economical context (such as, demand, margin, equilibrium, inflation) and of the techniques, tools and methods (aggregation, open-market operations, indexing) used in economics.
  2. Cognitive Skills (20%): Students will need to see the logical relationship between them (for instance, between micro-economic demand and supply and macro-economic aggregation) and summarise it
  3. Practical and professional skills (35%): Students will need to be able to relate the main conclusions derived from the given articles to their commercial and political implications.
  4. Transferable and key skills (10%): Students will need to demonstrate that they have developed basic analytical and communication skills on economic issues using the terminology of economics.

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