Required Reading, to be used as main reference
- Core text:
- Sloman, J., Garratt, D. and Guest, J. (2022). Economics. 11th edition.
Note for writer: This is a part of group assignment so no need for an extensive use of words under introduction/summary and conclusión, instead please add Diagrammatic/mathematical/statistical/ other quantitative/rigorous analysis, which we will help in score high grades.
Topic: Environmental externality problems and economic policy in different countries
For this task, you are taking on the role of the chief economic advisor to the environment minister in UAE. As a chief economic advisor prepare a report that:
(1) Explains how the economic analysis of externalities provides an argument for government intervention to address environmental problems and;
(2) Uses economic analysis and evidence to discuss policy options relating to one major environmental problem faced in the UAE.
Guidelines
- Focus on, for example, the external costs associated with particular kinds of pollution problems, or open-access/common property resource problems (such as management of fisheries or forests). Discussion can focus on, for example, the external costs associated with a particular kind of pollution problem or conservation problem or another activity or action that results in environmental damage. The problem does not need to be one that has country wide impacts, it could, for example, be a problem faced by a particular community.
- You should explain the policy implications of the economic analysis of the problems you discuss e.g. by describing the measures being taken or the policies you would recommend if different and/or assessing the effectiveness of any measures that have been taken.
- 400 words excluding the text in your diagrams, graphs and tables. References are not included in the word count.
- You should use clear Fonts (e.g. Arial or Times New Roman) of 10-12 or larger and your report should contain:
- A title and contents page for the whole report – this is not included in the word count
- Up to around 400 words of content addressing the task above.
- Economic theory with diagrammatic analysis. Specifically, analysis explaining why external costs result in divergences from socially optimal levels of, for example, pollution and how government policy such as taxation can be used to address environmental externality problems
- Diagrams, graphs, tables or other illustrations where needed and explanation of your analysis using concise English (cite any sources for added content). Graphs, diagrams and tables and references are not included in the word count.
MARKING
The whole-group mark you receive for this assignment will be based on the following criteria:
| Clarity, conciseness & overall coherence (structure) | 20 points |
| Relevance of response to question | 20 points |
| Application of economic theory and concepts | 20 points |
| Diagrammatic/mathematical/statistical/ other quantitative/rigorous analysis | 20 points |
| Knowledge, understanding of topic & critical insight | 20 points |
