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Economics, Assessment 2: Research essay

Your musings were overheard by the visiting Coles CEO. The CEO was impressed by your insights and has asked that you write a critical economics overview of a plastic bag tax. You email your unit coordinator for Economics desperate for some help. Louisa suggests breaking your report down as follows: 1. A brief overview of issues related to plastic bag consumption (and their subsequent disposal) AND the current and proposed changes to policy in Australia. Hint: As an economist, we generally start by framing the problem. We also refer to this as setting the context. In this part of your essay, you need to clearly articulate what the issue is from a societal perspective. This is not simply a case of stating “I think it is a problem because …”. You need to present and information (including data) on the impact of plastic bag pollution etc. and the proposed changes to policy. 2. A description of the relevant economic theory to show how a plastic bag tax would decrease plastic bag consumption to a socially efficient level. Hint: So what is the economic theory that underpins your economic analysis? We have been pretty focused on developing one key theory so far this semester. Remember that “X” marks the spot! In this case it is over consumption of a good that is potentially leading to a socially inefficient outcome. To correct for that, you can use an economic theory to demonstrate how decreasing plastic bag consumption will move the market to a socially efficient level of consumption. And yes — you will be expected to include a relevant graph of the economic theory! In your theoretical model assume that the price of plastic bags prior to the tax is positive. (Just because plastic bags are given “free” at the checkout, does not mean that the price of a plastic bag to a customer is zero. The cost of a plastic bag, whilst small, is positive and included in the price of goods sold by the retailer). 3. A critical analysis, informed by research, as to whether a plastic bag tax will be effective in practice in correcting the market failure. Hint: You are working with a word limit so you will need to be selective and concise with your arguments. Again, your analysis needs to be objective, we expect you to draw on appropriate academic literature and/or present empirical evidence to support your arguments about either the limitation of the proposed policy and suggest alternative policies that may be more effective or appropriate. To keep it manageable, Louisa has suggested your critical analysis should include:  a brief discussion on the potential limitations of the plastic bag tax with reference to o an example of the plastic bag tax in practice (e.g. Ireland, Wales, South Africa etc. note this list is not exhaustive)  ONE policy alternative o keep it simple — give an overview of how the policy will work and a summary of the potential strengths and weaknesses of that policy. Note, you are not required to say that the alternative policy is better than a plastic bag tax — simply that it addresses the problem in a different way. In APA reference format please :)
Your musings were overheard by the visiting Coles CEO. The CEO was impressed by your insights and has asked that you write a critical economics overview of a plastic bag tax. You email your unit coordinator for Economics desperate for some help. Louisa suggests breaking your report down as follows: 1.
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Assignment ID
24671
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CREATED ON
May 1, 2016
COMPLETED ON
May 3, 2016
Price
$40
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