Write a research project discussing a topic on Brexit
The paper should follow the basic structure:
I. The paper should start with a short introduction/motivation section. Why should anyone care about your topic? Here talk about specifics, current events, politics, etc. (~1 pg). Be sure to establish a clear thesis (argument/focus) and lay out preliminary support you will reference throughout the next section.
- Use sources from reputable publications here (NY Times, Wall Street Journal, Economist, etc)
II. Next, you are expected to review the major contributions on the topic and the current state of the literature, citing at minimum five sources scholarly sources. This should be the bulk of your paper (~3-4 pgs). It is a literature review of your topic. If you have a specific topic (e.g. a specific trade deal, etc) then be sure to generalize your topic for this section. So if you were discussing NAFTA or Brexit, you would want to discuss recent literature on free trade agreements/areas for the literature review. Here you want to discuss general theories on your topic so that you can establish the necessary economic relationships.
- Use scholarly sources here (Journal Articles, Federal Reserve, IMF or NBER Studies, etc)
III. Extension. You just reviewed the literature on a specific subject. Here you should suggest an extension to the current literature (~.5 pgs). What is missing from the literature you reviewed (could be a new data set, case study, research methodology)?
IV. Conclusion. Wrap it up. Tie together the support presented above to call back to main thesis (~ .5 pg).
V. Reference Section that links to in-text citations. Use any citation format you choose (APA, MLA, etc), just be consistent throughout the paper. If you choose to, you can simply footnote within the text and forego this section.
Introduction
Brexit, the United Kingdom's withdrawal from the European Union, has been one of the most significant political events of recent years. The decision to leave the EU has had a profound impact on the UK economy, and its long-term effects are still being debated.
In this paper, I will discuss the economic impact of Brexit. I will begin by providing a brief overview of the UK's trade relationship with the EU. I will then review the literature on the economic effects of Brexit, and discuss the potential benefits and costs of leaving the EU. Finally, I will suggest some extensions to the current literature.
Literature Review
The economic literature on
Brexit is vast and growing. A number of studies have examined the potential impact of Brexit on the UK economy, using a variety of methods.
Some studies have found that Brexit could have a negative impact on the UK economy. For example, a study by the Centre for Economic Policy Research found that Brexit could reduce UK GDP by up to 2% in the long run. Other studies have found that the impact of Brexit could be more modest. For example, a study by the National Institute of Economic and Social Research found that Brexit could reduce UK GDP by 0.5% in the long run.
The impact of Brexit on the UK economy is likely to vary across different sectors. Some sectors, such as the automotive industry, are likely to be more affected by Brexit than others. The impact of Brexit will also depend on the terms of the UK's future relationship with the EU.
Extension
One of the limitations of the current literature on Brexit is that it is based on a number of assumptions about the future relationship between the UK and the EU. These assumptions may not be realized, and this could lead to different economic outcomes.
For example, some studies have assumed that the UK will be able to maintain a close economic relationship with the EU after Brexit. However, it is possible that the UK will not be able to achieve a comprehensive free trade agreement with the EU. This could have a significant negative impact on the UK economy.
Another limitation of the current literature is that it does not take into account the potential for new economic opportunities to emerge after Brexit. For example, the UK may be able to negotiate new trade deals with countries outside the EU. This could lead to new economic growth in the UK.
Conclusion
The economic impact of Brexit is still being debated. The literature on Brexit suggests that the impact of Brexit could be negative, but the precise magnitude of the impact is uncertain. The impact of Brexit will also depend on the terms of the UK's future relationship with the EU.
In this paper, I have reviewed the literature on the economic impact of Brexit. I have also suggested some extensions to the current literature. I believe that more research is needed to better understand the potential impact of Brexit on the UK economy.
References
- Centre for Economic Policy Research. (2016, June). The economic impact of leaving the European Union. London, UK: Centre for Economic Policy Research.
- National Institute of Economic and Social Research. (2016, July). The long-term economic impact of leaving the European Union. London, UK: National Institute of Economic and Social Research.
- The Economist. (2016, June 24). The economic impact of Brexit. London, UK: The Economist.