Instructions and Grading
Address all of the issues below in a 3 – 4 page, 12 pt font, double-spaced paper. There are 50 points possible. Be sure to proofread and check spelling. Your paper will be graded by being assigned to a 5-point grade range based upon its quality and content. After that, grammar and spelling will determine your exact grade. For example, the overall quality of your paper may fall into the 40-45 point range, but if there are many errors in spelling and grammar then you would earn 40 points out of 50. If there are no spelling or grammatical errors you would earn 45 points out of 50. In your next paper, poor grammar and spelling will garner an even larger penalty.
There is no required format or style for this paper, although it seems that a brief intro could transition into a more detailed summary of the theories and then transition into the rest of the body. A conclusion should not just be a restatement of the introduction, but a statement that ties all of the information together and presents the “big picture” view of what you just discussed along with any final main point that the discussion leads up to.
You will submit your paper by attaching or pasting it into an online “Journal.” “My Journal” is simply the name of the type of discussion that is available on RamCT for these purposes. Your paper will be submitted privately and cannot be viewed by other students. The submission link is found at the bottom of the week #6 and week #7 Learning Modules.
Summarize, compare, and contrast the 3 theories that explain why a division of labor within families and the economy may exist. These theories are found in the second chapter of your textbook, “The Family as an Economic Unit.” The 3 theories are the neoclassical, transaction cost/bargaining, and Marxist/radical feminist explanations of families and the economy.
In your opinion, which of these theories are best suited to describe reality? Support your opinion by drawing upon personal experiences and/or class material. You may use information from outside sources, but be sure to cite the source using parenthetical citations within the paper and a list of references. References should contain the author’s name, date published, title, publisher (MLA, APA, or Chicago style).
We also read an article by Julie A. Nelson entitled “Feminism in Economics.” What does feminist economics have to say about the neoclassical and radical feminist approaches? Critique the neoclassical and radical feminist schools using the ideas that Nelson presents. Be sure to provide specific examples. (Hint: the names “radical feminist” and “feminist economics” may not be as similar as they sound)