BSD113 - Setting the Scene - Economic Issue - Economics Essay Writing Assessment Answer

Assessment Task:

BSD113: Economics Essay Writing Assessment Answer

Task Details:
Part A

PART A: Setting the scene
In economics we generally start by framing the problem. We also refer to this as setting the context. In this part of your essay (Task A), you will articulate what the issue is. You need to present an informed discussion which is supported by peer reviewed published research (not the Courier Mail) and data from reputable sources. In setting the context, you should also include details of the economic and social costs associated with the problem. The case that you make in this section provides the basis for economic policy solutions you will present in part 3. This section will require you to present and interpret data visually such as in tables or graphs that you have developed yourself (i.e., not copied from other sources). 

PART B: Theory
The theory needs to relate to the economic issue(s) identified in part 1. You will need to present the correct theoretical economic model and explain it using appropriate economic terminology 
Note well, this section is related only to theory and here you should not develop a case for a tax on sugar sweetened beverages (you will do this in Section C). You will need to identify the market failure and the dead weight losses, as well as accurately label all axes, supply and demand curves and so on.

PART C: Critical Analysis
In Section C, two potential policy solutions are critically analysed from an economic perspective. Your analysis should be framed with reference to the economic theory
presented in Task 2. That is, how does each policy/innovation shift the market to the efficient equilibrium?

1. The first option to present and discuss will be the effects of a tax on the consumption of SSB’s with the tax to be collected from producers. Present a model
to describe these effects. This section should cite estimates of the expected reductions in social costs and SSB consumption in Australia for such a tax, as well as cite data from an international example of the performance - both positives and negatives- of a similar tax on SSB’s.

2. The second option to examine is a non-price policy designed to reduce the social costs associated with SSB’s. This option should not rely on a change in price to
deliver the desired outcome. Present a model that describes these effects. Analysis of data from a similar policy option used in another country should be assessed as
part of this analysis. The key to this part of the essay is to keep it relatively simple. Give an overview and a model of each of the two policy options and provide details of how each will work to address the issue under consideration.

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