Concept of opportunity cost in public policy


Topic: public policy

Order Description

Research and write a 2000 word policy briefing note on one of the following topics:-

1) The use of the concept of opportunity cost in public policy;

2) The relevance of the two welfare theorems for public policy;

3) Taxation a tool for remedying externalities;

4) Allocation of property rights as a mechanism for remedying externalities;OR

5) A public policy topic of your choice the policy breiefing note should cover the following:-

1) the source of the problem

2) evidence regarding the magnitude of the problem

3) policies to address the problem. Depending on the particular circumstances this could comprose a discussion and evaluation of existing policies or discussion of proposed policies

The main recommendation that I would make is that you write on a topic that interests you and gives you the opportunity to demonstrate you understanding of economics covered in this subject.

As to how you write the briefing note. You should structure it to convey to the reader what, after some reading and research, you think are the important economic aspects of the topic that you have chosen. There is no set outline for how to do this, students have the opportunity to individualize their response. This prepares you for doing public policy in the workplace and minimizes the chance of plagiarism. Hope this helps.

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Microeconomics: Concept of opportunity cost in public policy
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