BSB113: Economics - Consumption of Unhealthy foods - Research Essay Writing Assignment Help

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Economics Research Essay Writing Assignment Help

Task: Your contribution to the tea room discussion was overheard by the CEO. The CEO was impressed by your insights and has asked that you write a critical overview of the introduction of a tax on energy drinks in Australia from an economics perspective. You email your old Unit Coordinator for Economics desperate for some help. Steve suggests breaking your report down as follows: 1. An overview of the consumption of energy drinks, the associated risks of overconsumption of energy drinks and the obesity epidemic globally and in Australia. This should include the size of the problem and the estimated cost of obesity to the nation. 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 obesity etc. and the proposed changes to policy. 2. A description of the relevant economic model to show how a tax would reduce consumption of “unhealthy foods” (e.g. energy drinks). 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 sugar 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! 3. A critical analysis as to whether a tax on energy drinks will be effective in practice in correcting the market failure. Your critical analysis should be informed by the academic literature. 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, Steve has suggested your critical analysis should include: a) a brief discussion of TWO potential limitations of the tax. HINT: There is a long list of potential limitations including how the elasticity properties of the good being taxed may affect the effectiveness of the tax. Other issues include government failure rent seeking behaviour, the private interest view of government regulation and the potential equity implication of the tax (though as always Steve points out this list is not exhaustive). b) ONE policy alternative HINT: 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, simply that it addresses the problem in a different way. Instructions for research essay You are reminded that this is an academic piece of work. It is expected that:

• you will write an unbiased informed critical economic essay and not a political document
• your essay is academically rigorous with references to relevant data and academic literature
• you will not get drawn into reporting emotive arguments (interesting as they are).

Your audience’s background knowledge in economics Whilst the CEO of Canegrowers does not have any formal economics training, he has picked up an understanding of economic theory and terminology. He is regularly exposed to documents drafted by economists and follows contemporary economic analysis in the media. For example, he is a regular reader of publications such as The Economist and takes a keen interest in economic articles published by economists for a wider audience in The Conversation (online) and Australian Policy Online. Informed critical content You are required to include a range of relevant scholarly sources that supports the flow and critical content of the discussion. All sources cited must be referenced using APA style. For further information refer to Cite|

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