BSB113: Economics - Research essay - Economics Assignment Help

Assignment Task:

Scope of research essay
In Australia, the estimated social costs reported by the Australian Institute of Health and Welfare (AIHW) are significant (AIHW, 2020). These included crime, lost workplace productivity, road accidents, prevention strategies, harm reduction and treatment programs, premature mortality; crime; child maltreatment and protection etc.

It is well-understood in communities that private consumption of illicit drugs imposes negative eternal effects. Furthermore, targeted media reports such as the ABC series “Ice wars” have heightened public awareness of the dark side of illicit drug consumption. However, media reports have been criticized for misrepresenting the context of the problem (Lee, 2017).

In Australia, whilst the use of crystal methamphetamine has been a growing concern, the data are far from conclusive. For example, Morris and Salom (2019) reported that there had been an increasing trend of methamphetamine as the drug of choice. In contrast, data from the 2016 National Drug Strategy Household Survey suggest that overall rates of methamphetamine in the general population has declined over the previous 5 years. However, there is evidence to suggest that crystal methamphetamine is becoming a more popular form of the drug amongst drug users (Cracks in the ice, n.d). 

The Community group has been asked to present a case to explain the rationale behind the potential effectiveness of the campaign message. They are hopeful that, should they make a compelling case, they will get funding to assist with drug mitigation policies in the area.

They have enlisted a number of experts from the local community (including clinicians, front-line service providers, lawyers, etc.) on a pro-bono basis for help on developing a case. You have agreed to provide the economic analysis component. After the initial discussion with the Group, it is agreed that your analysis should include:

1. an overview of:
a. data on drug use in Australia with a particular focus on Queensland and Logan, if data are available
b. the social costs of illicit drug use (in monetary terms, if available)

2. a description of the relevant economic theory that examines negative externality effects

3. a critical economic analysis of the above campaign (Figure 1) and a recommendation of a complementary campaign aimed at reducing drug users.

You are required to support your economic analysis with appropriate data and economic models (partial equilibrium analysis) which you use to examine how the policy achieves the desired outcome. A brief summary of the potential economic effects (costs and benefits) of each of the above policies is required. However, it is appreciated that a full analysis of the effects of these policy solutions is beyond the scope of this work.

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