Pick an example of government intervention to analyze and evaluate. It can be either a price ceiling or a price floor for this assignment.
Research to find the impacts this policy has had. Keep a research log to show what your questions are and how they have evolved.
Write a report on the impact of the government intervention. Use the economic theory you have learned to analyse the intervention, and the modeling skills you have learned to demonstrate the impacts that the policy has had. Evaluate the policy from the perspective of different stakeholders.
Include in your report
· Diagrams
· Explanation of intervention from an economist’s perspective
· Analysis of intervention from an economist’s perspective
· Evaluation of intervention from an economist’s perspective
· Annotated Bibliography
My example is how India sets floor price for steel imports to stem flow from China. Here are some links that I found for the project:
https://www.reuters.com/article/india-steel-import-price/india-sets-floor-price-for-steel-imports-to-stem-flow-from-china-idINKCN0VE1VF?edition-redirect=uk
https://www.forbes.com/sites/timworstall/2016/12/04/indias-steel-price-floor-is-a-bad-idea-why-make-things-more-expensive-for-consumers/?sh=562826463963
https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/why-steelmakers-want-price-floor-on-imports/articleshow/53590567.cms?from=mdr
https://www.thedollarbusiness.com/news/indias-steel-import-drops-29-in-may-2016/46870
https://www.verywellfit.com/how-to-do-incline-dumbbell-press-4588212