Monetary and Trade Cycle Theory

Econ190 proposal

I would like to choose Monetary and Trade Cycle Theory be my topic because this shows how the existence and functioning of money affects people’s lives. I will talk about what is monetary and trade cycle, and use the ideas of Hayek in this paper. I will also use Hayek and Keynes’s theories as contrast.

These are my references:

1. What is Monetary Theory by Daniel Liberto

https://www.investopedia.com/terms/m/monetary_theory.asp

2. Trade Cycle: Meaning Features and Theories by Kirti Shailes

http://www.economicsdiscussion.net/trade-cycle/trade-cycle-meaning-features-and-theories/21071

3. Hayekian Trade Cycle Theory: A Reappraisal by Roger W. Garrison

http://webhome.auburn.edu/~garriro/c4refah.htm

4. Keynes’s Theory of Business Cycle, Economics by Nipun S

http://www.economicsdiscussion.net/keynesian-economics/keynes-theory/keyness-theory-of-business-cycle-economics/26055

Outline:

1. Introduction:

The information of Friedrich Hayek

2. Explain and analyze the monetary and the trade cycle, then analyze Hayek’s theories

3. Compare and contrast Hayek’s thought with Keynes’s thought

4. Conclusion