Discuss the role of financial institutions in the process of economic development and explain why informal finance plays a significant part in early stages of this process. [100 marks]
Cull et al 2013 World Bank Development Review.
Haini 2020 Economic Change and Restructuring.
Hamdi 2017 JDE.
Siddiki et al 2004 JES.
Type of assignment: Academic paper writing
Type of assignment: Essay
Number of sources: 5
Academic level: Bachelor
Paper format: Harvard
Line spacing: Double
Language style: UK English
WRITING AN ECONOMIC ESSAY.
In economics one is required to write many academic writings, some of which are essays. The first step in writing great economic essays is to understand the question. You should also try to rephrase the question so as to personalize it and therefore get a better understanding. Writing simpler shorter sentences is the key to effective writing. Combining too many ideas into one sentence may end up making it an expression of too many confused thoughts.
During the marking of economic essays, it is noticed that candidates may have knowledge of economics but do not ultimately answer the question. As a result, they may get a zero out of it. Fortunately in economics, there is no one right answer. Other points of view are also considered and different potential outcomes are also discussed. Essays are given to students so as to offer them a chance to make a longer, more complex argument. The writer, however, must ensure that there is a flow of ideas and that the main idea is clearly portrayed.
An essay generally has sections to follow; the introduction, main body and a conclusion. The introduction opens up the readers mind and prepares him or her for the information to come. The body is inclusive and gives all information required. The conclusion on the other hand is a summary and restatement of the answer.
Economic essays are not so hard to write after all. It all depends on effort put into the piece of writing.