In the podcast, economist Kate Raworth introduces a new economic framework called the “Doughnut model.” She argues, “the blind pursuit of economic growth leaves out too many people and puts too much strain on the planet’s resources,” which runs counter to our understanding of traditional economic thinking. Imagine you are an economist and the President of the United States asks you to critically analyze the “Doughnut model.” Based on your analysis, you are to make a recommendation to the President.
Follow the paper outline below:
Introduction (10 points): The introduction (first paragraph) briefly summarizes what you consider to be the main point(s) of the article. If there are many, focus on the one(s) that you will analyze in the assignment.
Summary (10 points): A short summary of the podcast should be included. This summary should capture the key points presented in the podcast and any important facts or elements. Do not spend the whole assignment summarizing the entire article. Summaries should be succinct and to the point and be approximately one paragraph.
Explain the “Doughnut model” (30 points): The President has heard about the Doughnut model but does not know enough to enact a policy. In this section, you need to explain what the Doughnut model is (i.e., you will need to research this, going beyond what has been explained in the podcast). Note, the President has taken ECON 102 before, so you should be able to explain the Doughnut model using the models we have learned throughout this course.
Critical Evaluation of the “Doughnut model” (40 points): This is the most important aspect of this assignment.
Students should focus on whether they agree/disagree with the Doughnut model and what their recommendations may be. Students can also analyze how the material in the podcast will impact the economy in a macro setting. The analysis portion has the potential to be varied in nature. However, I recommend sticking to my guidelines below:
Conclusion (10 points): It is important to have a strong conclusion since this is the last chance you have to make an impression on your reader. The goal of your conclusion isn’t to introduce any new ideas, but to sum up, everything you’ve written. Specifically, your conclusion should accomplish three major goals:
Works Cited: Must cite at least 3 sources. Class notes/lecture can account for one source. The textbook can account for one source.
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