Bitcoin and the Economic Views of Douglas Diamond

Write about your assigned economist: Kenneth Rogoff, Eric Maskin, Lawrence Summers, or Paul Krugman. You can use this title for the paper or select your own.

Two Sections are Due in 3 weeks on November 4th at noon

  • Begin with your current draft.

Remove everything I wrote as instructions.

Make sure all your text is now in black – no read.

  • Rewrite/reorganize your responses into an overview of the economics of bitcoin and blockchain. You should not include the questions I asked originally; those were just there to prompt your thinking. This will be the first section of your paper; be sure to give it a title. It should be at least three pages following the formatting from the previous writing assignment.
  • Write a new section explaining the economic theories of your economist.

Base your discussion on the references you already selected; it is not about bitcoin or blockchain. Start reading now!

The section might resemble the discussion of the recent Nobel Prize winners in Economics distributed in class and available here.

https://www.nobelprize.org/uploads/2022/10/popular-economicsciencesprize2022.pdf

 

Be sure you understand the material; avoid just pasting sentences and terms. Be sure to correctly footnote or cite any direct quotes.

Decide how to organize your material. Consider alternatives to a long list of chronological topics. Consider organizing by importance, the similarity of topics, or by something else.

This will be the second section of your paper; be sure to give it a title. It should be at least three pages following the formatting from the previous writing assignment.

  • Upload the Word document by noon on November 4th

Carefully edit both sections and process them with Grammarly. You will lose points if there are more than 30 Grammarly issues in your writing. Submit a Word document to Blackboard.

Two More Sections – meet with your group now!

  • Your group will lead a class discussion of how the economic theories of your economist relate to bitcoin, blockchain, and virtual currency more broadly.

Scheduled for Wednesday November 30th, Friday December 2nd, and Monday December 5th (attendance on all days is mandatory)

Include statements made by the economist on this topic, if any.

Go beyond that and explain how the theories relate.

Thirty minutes, three slides, everyone must participate in developing the discussion; everyone need not speak.

 

This will be the third section of your paper and an additional three pages.

  • The fourth section of your paper compares the bitcoin views of your economist with the others. You need to gather information from the other presentations to write this. It will be another three pages.
  • Finally, you will write an introduction and a conclusion; they will be a half page each.
  • Complete paper due at noon on Sunday December 11th

Edit it carefully and process it using Grammarly.

The paper will have 9-10 pages of material.

  • Cover page
  • Introduction: one-half page without a title
  • Section 1: three pages on the economic forces of bitcoin; include the title of your choice.
  • Section 2: three pages on the economic theories of your economist; include the title of your choice.
  • Section 3: three pages on the implications for bitcoin of the economic theories of your economist; include the title of your choice.
  • Section 4: three pages comparing your economist to the other three discussed in class; include the title of your choice.
  • Conclusion: one-half page with the title “Conclusion.”
  • References: in APA format with the title “References.”