Debt

Read two-three readings assigned by the instructor and identify a minimum of two additional readings, which can focus in on a subarea of your topic (Debt is your topic) or one subarea of debt such as student loans. should focus on the impact or effect of the trend that is, why does it matter? What is the result of this trend in terms of some outcome? The readings should focus on measuring the phenomenon and explaining its effects and on the economic theory behind this topic. They should include statistics. Create 2 tables or figures using a source for data I provide OR another that you find. Provide a full reference and selected information from this (5 points extra credit if you have a representation of data from two sources that are adequately referenced). For example: your table ( which is the excel filed I have attached to this task) may compare statistics from several states and/or by gender, or a line graph might show how a trend has changed over time, if you have these statistics). Write a short memo (2-3 pages single-spaced) that 1) explains theory from at least one perspective related to the topic (different perspectives will be assigned by the instructor to different topics) 2) summarizes trends over time as captured by the data 3) discusses the economic impact of the trend e.g., what other economic measures, indicators, or phenomena does it affect? The memo will address economic theory, statistics/trends, an DEBT: Perspectives: Keynes: Read the six numbered points the authors call Post-Keynesian economics. The authors find that the kind of Keynesian economics often taught is a version of neoclassical economics.: Readings: Scott III, R., & Pressman, S. (2025). The Seven Debtly Sins: An Institutionalist Explanation of Why Consumer Debt Levels are So High. Journal of Economic Issues, 59(1), 124-139 Choose one of the very short sections from this section on debt from a book on building wealth, (PDF ATTACHED) Boshara, R., & Rademacher, I. (2021). The Future of Building Wealth. Brief Essay on the Best Ideas to Build Wealth – for Everyone. Federal Reserve Bank of St. Louis and Aspen Institute. (PDF ATTACHED) Data: Downloadable data available at this Urban Institute interactive map: Economics, Stratification: &variable=totcoll