2. Theory
• Compare and contrast the following economic
theories
• Classical Economics
• Marxism
• Austrian Economics
• Keynesian
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3. Depression
• Explain why the great depression occurred.
• Explain how the Global Financial Crisis
happened.
• Compare and contrast how each problem was
resolved and what lessons can be learnt from
both of them.
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4. Basic Income
• Explain the concept of a Basic Income.
– Explain the impact of Basic Income on economic
factors – for example employment, GDP,
government debt etc.
– Under what circumstances can basic income be
implemented in Sri-Lanka?
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5. Income Inequality
• Explain the Gini Coefficient
• Explain how income inequality has increased
historically and explain why it has increased.
• Explain the economic repercussions of a rising
income inequality.
• Should the government intervene. If yes, what
could they do? If no, why not?
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6. Pollution
• Explain the concepts of carbon credits, cap and trade
and carbon emissions trading.
• Should the government reduce pollution to zero,
what is the economic cost of doing so?
• Is government intervention necessary to curtail
pollution? Or can we rely on the market economy to
get us to the optimal outcome? Explain in detail
• What other solutions can be used to reduce
pollution.
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7. Sri-Lankan Stock Market
A historical perspective of the Sri-Lankan stock
market.
Current issues that are impacting the Sri-Lankan
Stock market.
Evaluate the current situation and recommend
whether to invest or not, and if yes, where
should the class invest.
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8. Unemployment
• Does machinery cause unemployment?
Explain in detail giving examples.
• Should governments limit the private sectors
use of machinery if, machines do indeed cause
unemployment. Explain why or why not.
• Explain definitively why machinery does NOT
cause a long term increase in unemployment.
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9. Immigration
• What is immigration? Does immigration help or hurt
the economy? Explain using examples.
• Explain the concept of remittances. Explain how
remittances effect the Sri-Lankan economy, who are
the major players? Explain using statistics.
• What should Sri-Lanka's policy be towards
immigration? Explain the pros and cons of the policy
you recommend.
• Explain the concept of brain drain. Does Sri-Lanka need
a policy to reverse the brain drain? If no, explain why. If
yes, how would Sri-Lanka use incentives to reduce
brain drain.
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