Whether you’re looking into job creation, budget deficit or economic indicators, there is never a shortage of business and economics topics for a research paper. Economic conditions have a way of affecting just about everything else that’s going on in the news. No matter your major, it’s a good idea to learn what you can about how the economy works and how it affects you.
For that reason, if you’re fishing for a good research paper topic, consider delving into economic conditions. Here are a few resources and some background information to get you started.
Business and economics topics
Start your research at Questia and you will likely find everything that you need to complete your research paper. If you haven’t visited Questia yet, be sure to take the tour and learn about all the resources available for subscribers.
Within the topic of economics you’ll find such categories as:
Continue to focus your search and you’ll find credible resources such as the book, Money Well Spent? The Truth behind the Trillion Dollar Stimulus, the Biggest Economic Recovery Plan in History, by Michael Grabell. Written in 2012 this book traces the evolution of the American Recovery and Reinvestment Act of 2009 while offering insight into its fiercely partisan supporters and detractors, explaining how the money was spent and what will be the most likely outcome.
According to Grabell, “Seventy-five years from now, historians will still be debating the effect the federal stimulus package had in ameliorating the Great Recession, just as they do now with the New Deal. Economists and nonpartisan forecasting firms estimate that the Recovery Act created and saved 2 million to 3 million jobs.”
At Questia you’ll find video tutorials to show you how to research and write a paper that meets all the requirements in your syllabus. There are thousands of peer-reviewed journal articles that can be found through a keyword search of the Questia library.
Once you’ve gathered your sources, keep them in your project folder where you can access them anytime and from anywhere.
Research economic conditions
Generally speaking, economic conditions are methods of measuring the health of an economy. They change over time and tend to move back and forth between expansion and contraction. An economy is considered healthy if it is expanding and at risk if it is contracting.
Economic conditions are influenced by a number of factors including:
- Fiscal policy
Another good resource for researching economic conditions in the U.S. is at the Small Business Administration (SBA) web site “Office of Entrepreneurship and Education.”
At this site you’ll find links to information on:
- FedStats: Economic and populations trends, crime, education, health care, farm production and more
- Statistics on U.S. Business
- Bureau of Labor Statistics: Labor demographics
- Economic indicators: consumer price index, producer price index, real earnings and others
You can also learn the basics about major economic indicators such as the consumer price index (CPI) at the Frequently Asked Questions (FAQs) page of the Bureau of Labor Statistics site. According to the FAQs, the consumer price index is a “measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.” This urban consumer group represents about 87 percent of the U.S. population.
The CPI is often referred to as the cost-of-living index but isn’t quite the same thing. A complete cost-of-living index would measure more data than the CPI does by taking into account changes in other factors that affect a consumers’ well-being.
Learn the basics
Another helpful resource for students is Investopedia, which houses tutorials, videos and other information on investing, trading, financial markets and more.
Use the Investopedia dictionary to get background information on all kinds of terms. For example, look up the term “inflation” for an explanation and illustrative video.
According to the dictionary, “As inflation rises, every dollar will buy a smaller percentage of a good. For example, if the inflation rate is 2%, then a $1 pack of gum will cost $1.02 in a year. Most countries’ central banks will try to sustain an inflation rate of 2-3%.”
Turn to Questia to research and write your term papers on economics and business.
What do you think is the most relevant topic related to economic conditions? Tell us in the comments.