uoguelph badm3200 business administration representative democracy

What kind of role did Adam Smith see for government in a primarily free-market economy? What concepts did Smith use to explain why government activity should be constrained? How close does the present-day capitalist economy align with Smiths views? Ensure you use relevant extracts from Smiths work as well as secondary works.

Describe Keynesian economic theory and with reference to its central innovative concepts, explain why it diverged so dramatically from Classical Liberalism. Explain the rise and fall of Keynesian theory and assess its relevance today. Ensure you use original documentation in your answer.

How representative is Representative Democracy in Canada? What are the strengths and weaknesses of the representative system? Is there is a democratic deficit? Explain why it might be the case that some people or groups are more represented than others? Is there anything we can do to improve transparency, accountability, and democratic representation within the Canadian political system? Ensure you examine the electoral system as well as the policy-making process.

Assess the scandal surrounding subsidies to Bombardier or General Motors, or the SNC-Lavalin affair from earlier this year, or another example of rent-seeking conduct by a business in the Canadian economy. How effective is government corporate welfare? Is it fair to taxpayers for corporations to procure public funds in this way? What is the rationale for these subsidies and payments? Are they legitimate in a free-market economy? In what areas are there ethical problems surrounding the relationship between government funding and corporate interests?

Choose an example of a privatized industry in Canada or Great Britain. Describe the rationale for privatization and using relevant data show the tangible effects of privatization. Explain whether these effects are consistent with the expected outcomes of privatization. Ensure you evaluate the relative influences of fiscal responsibility, economic efficiency, and political ideology.

Explain the Marxist critique of capitalism, noting Marxs views on class struggle and the respective revolutionary roles of the bourgeoisie and the proletariat. Ensure you explain Marxs historical perspective and his theory of historical materialism, by reference to his written work.

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