Are there keyboard shortcuts to move paragraphs up or down while editing text?
I had to disable two default shortcuts in the keyboard control panel (within System Preferences), that were designated for "Mission Control" and "Application Windows". They were getting in the way of me using this shortcut on Mac Word. Once that is disabled, you can use Shift + option/alt + up or down arrow.
Mac Word
Control+Shift+Up and Control+Shift+Down both work in the Mac version of Microsoft Word.
Text Edit
In Textedit the following should move the paragraph up
- Alt+Up
- Alt+Shift+Down
- Cmd+X
- Alt+Up
- Cmd+V
Other options
If you are seriously interested in text editing power, then you might like to check out MacVim. In Vim you you could use a command like dip{p (i.e., delete in paragraph, navigate up a paragraph, and paste).