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Impact of Free Market Economies on Personal Liberty Evaluation for Economics Degree

Investigating the correlation between free market economies and personal liberty for an Economics degree, analyzing arguments for and against, with key figures' concepts explored.

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Impact of Free Market Economies on Personal Liberty Evaluation for Economics Degree

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  1. To what extent could the encouragement of free market economies lead to an increase in personal liberty? By Thusy Senthilvel

  2. Project: Initial Planning • First part of the EPQ • Choose an evaluative title to research into • Must be linked to your intended choice of degree at university i.e. Economics • Why choose to talk about free market economies? • Relevant to Economics • Controversial topic which relates to modern Economics

  3. Project: Project Proposal • Made up of 3 separate parts such as Parts A, B &C • Used to explain the objective of the EPQ and what the expected conclusion would be • My main aim was to see if free market economies did lead to an increase in personal liberty

  4. Project: Planning Review • Talking to my supervisor to identify things to concentrate on • Choosing whether to stick to my title or to change it slightly • Choosing my final research questions • How the planning review helped; • Allowed me to create a balanced argument

  5. Project: Mid Project Review • Very important stage as final question couldn’t be changed after this stage • Time plan to spread workload out • Not as successful as I had hoped but gave an real indication as to whether I was doing enough or not

  6. Project: End of Project Review • Showed whether my work for my EPQ was satisfactory or not • Meant that the extra research during draft was needed • Supervisors comments meaning I may have had to have a look into changing my question

  7. The question • ‘To what extent could the encouragement of free market economies lead to an increase in personal liberty?’ • 'To what extent could the encouragement of free market economies in the place of socialism/communism result in a increase in personal liberty?’

  8. Overview of my report • Defining ‘free market economies’ • Defining ‘personal liberty’ • Arguments for free market economies increasing personal liberty • Arguments against free market economies increasing personal liberty

  9. Defining Free market economies • General Definition • Adam Smith’s ideas on free markets • Friedrich A. Hayek's ideas on free markets • J.S Mill’s ideas on free markets • Milton Friedman’s ideas on free markets

  10. Defining Personal Liberty • General Definition • Adam Smith’s definition • Friedrich A. Hayek's Definition • J.S Mill on liberty

  11. If I was able to redo and improve my project • I’d prevent having second thoughts about my actual question • Manage my time a lot better • Cutting down on being very descriptive • Organise notes efficiently • Actually do proper research that’s related to the question • Ensure I have enough to write about on both sides of the argument • Leave enough time to complete every stage of the project

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