Written research analysis of a country’s public policy related to applied microeconomics .Almost all countries’ governments determine policies:
(1) to increase economic efficiency and productivity
(2) to encourage research and development in certain areas such as IT, automobile industry, or pharmaceutical industry
(3) to deal with positive and negative externalities of economic activity, e.g. environmental policy as related to a negative externality to prevent pollution; health care policy, education policy, and public transportation policy are all related to positive externalities
(4) to prevent negative impact of asymmetric information so that both buyers and sellers can conduct their market transactions based on reliable and accurate information, such as regulations of stock markets and requirements related to generally accepted accounting standards and auditing
(5) to prevent monopolies and cartels, e.g. anti-trust or competition policies
(6) to reduce unemployment and provide minimum income to workers, e.g. minimum wage, and to farmers, e.g. agricultural subsidies
(7) for efficient production of public goods by government agencies
(8) to increase their companies’ competitiveness in global markets
You need to choose a government policy in any of these policy areas and analyze how good or effective that policy is in terms of bringing desired results from a microeconomics perspective. This research and analysis paper requires you to conduct research and use microeconomics theories / models that can be applied to your policy analysis.
Steps to take:
1. Determine your group.
2. Choose a government’s policy as related to one of the above topics. There will be examples in the
book as we cover the chapters. One of those examples can be your starting point. Here are some examples of topics from the book:
Many countries put extra taxes on gasoline, which affect the prices of gasoline on those
countries and consumers’ purchasing choices for small or large cars, the amount of driving that people do, and their overall spending. You can analyze an oil importing country’s government policy on this topic.
Governments have policies to maintain competition in the market. Based on these policies they determine whether to allow mergers and acquisitions of companies that produce similar products. You can analyze a country’s competition policy. The EU has a common competition policy, if you choose the EU’s competition policy.
Some governments adopted regulations designed to improve the average fuel economy of domestically-sold vehicles for reducing oil imports and for reducing carbon emissions which lead to global warming. You can analyze one of such policies.
Governments all around the world have health care systems. You can choose a government’s health care policy and analyze what the government has been doing to ensure sufficient and efficient health care provision. What has the government done to make health care accessible to the poor, to make production more efficient, and to ensure sufficient supply of healthcare, including the private sector, to meet the demand for healthcare.
3. I shared an Excel spreadsheet on Moodle, putting the same topics across all the group members, so that I will know who are in the same group.
4. After you choose your topic you may discuss it with me in terms of how to approach the topic.
5. Collect reliable information about that government’s policies on the topic that you have chosen.
6. Using your microeconomics knowledge, turn your research into a policy analysis paper. The
paper should have an introduction, discussion of the policy, and a conclusion. Your discussion of the policy should include a description of what the policy is and the economic goals of it, how that policy has affected the different stakeholders (such as consumers, producers or the industry at large, suppliers), competition and market structure, government revenues, external trade, environment and so on. It should evaluate how affective is that policy in terms of achieving its goals. You may also compare two or three countries’ policies on the same topic if you prefer to do so.
7. Your resources should be cited properly and listed at the end. The purpose of these assignments is to get you to reflect about and apply what you have learned in the class to analyze real economic world issues and problems.
You can Choose any countries Public policy for this research paper.
MUST! Use simple and easy vocabulary, try to avoid advanced vocabulary.
There must be no Plaigerism and any AI contents involoved in this Reasearch paper.
