Business Economics

Assessment:

Summary: Individual report on the topic of “The failure of free markets to protect our natural environment: should we intervene?”
Aims: To assess learning outcomes.

Outcomes: A student should explore the topic of market failure in the context of the natural environment, specifically how and why the market fails. In addition, the student should evaluate the different forms of intervention that can be utilized to correct such market failures and their relative strengths and weaknesses. Application of appropriate economic models and examples from the real world is essential.
Word limit: 2000 words

Format: Report

Weighting: 30%

Anonymous Marking: Yes

Report should also include Executive summary 1 page, content page and conclusion and recommendation. Rest please check below for criteria.
Outline Answer: An effective answer should consider the following:
– What we mean by a free market and the relative advantages and disadvantages of different market systems with specific reference to the environment where appropriate
– The issue of scarcity, resource allocation and choice in the context of the natural environment
– An explanation of what we mean by market failure and the different forms it can take more generally
– A clear outline of the type of market failure that exists in the context of the question
– Empirical examples of environmental market failures
– A discussion of measures that can be taken to address the market failure identified
– A critical evaluation of the policy measures that are used to address market failure with supporting evidence
– A clearly developed conclusion based on evidence presented within the discussion
TAKE ADVANTAGE OF OUR PROMOTIONAL DISCOUNT DISPLAYED ON THE WEBSITE AND GET A DISCOUNT FOR YOUR PAPER NOW!

READ ALSO :   Movements and Works of Art