When trying to find economic term paper topics, there are all kinds of sources you can consult.
First, file through your notes and textbook for this class. Make sure to ask your professor in class if he/she wants you to address topics he/she has covered in class or if you are supposed to come up with your own topic.
Keep your essay topic as narrow as possible.
When trying to decide upon a research topic for economics papers, think about history and how the America's, or other nationality's, economy has changed over the years.
Obamacare or Other Initiatives
Look at economic initiatives under different leaders/presidents and how some policies have affected us economically, for example Obamacare is a huge economic issue with a vast array of economic implications.
One can look at economic philosophy and ideologies throughout the ages as well. Look up the famous theories of economic theorists throughout time and discuss one or more of their theories in a paper. For example the character in A Beautiful Mind, the genius with schizophrenia named John Nash, who became a Nobel Laureate in Economics and his theories are still important today.
Economics and Advertising
One can also look at all kinds of aspects of economics and advertising, which always proves a rich and interesting array of topics for students.
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