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ECON 204 – Written Assignment For this assignment, you will be expected to write a 4-5 page (1000-1200 words) paper using course materials and limited outside research. One of the central questions that this course asks is whether capitalism is a rational economic system. Does it make sense, for people, to let the market be the central and determining factor in our lives? In the world today, nearly every person on this planet is dependent on the market for their survival; as such, we need to consider what to do about it. Your assignment is to assess whether it is rational (or reasonable) for human societies to be shaped so powerfully by market forces, and whether people are better or worse off as a result of market-dependence. In the final sections of your paper, you should provide suggestions for what people or governments might do to improve upon the current situation. You are expected to draw from the course materials, including readings and films, and you should also use at least two (2) outside academic/scholarly sources. Your grade will be primarily (but not entirely) based on: 1) the coherence of your argument; 2) your demonstration of complex critical thinking; 3) the clarity of your writing; 4) your effective use of course materials and outside sources.
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