ECON3000: The Principles and Methods of Theoretical and Applied Economics - Economics Assignment Help

Assignment Task:

Task:

QUESTION:

Consider the following proposition: “The principles and methods of theoretical and applied economics are invaluable to the public policy-maker. For any given policy issue, they enable the underlying structure of the problem to be specified, relationships to be clarified, objectives to be defined, required data to be identified, and appropriate methodologies to be deployed.” For this assessment, you are required to write a memo directed to a specific policy maker (Parliamentary Committee, Advisor in a Minister’s Office, etc) providing a balanced critique of a specific policy initiative. Choose one of the subject areas of public economics (for example: public goods, externality, political economy, redistribution of income/poverty/inequality, ecological sustainability, tourism, taxation, public private partnership, state provision of private goods such as housing, etc.) and identify a specific policy issue and policy of past or current significance in that area in Australia or elsewhere. Your task is to show how the above proposition can be applied to the issue you have identified in your memo. In other words, you need to be explicit about how economics allows the structure of the policy problem or issue to be specified, how it identifies the key economic relationships pertinent to the issue, and how economics helps in the defining of policy objectives in relation to that issue. You also need to indicate the kind of data relevant to analysing the problem, and the methodology that would be appropriate. Make sure you present the text in a form and structure as if it were a policy memo.

IMPORTANT INFORMATION: General The assignment is strictly 2500 words maximum (excluding reference list). The assignment must be prepared using a word processing program (e.g. Microsoft Word). As detailed below, however, your final submission must be in PDF format. Any included figures may be prepared electronically (e.g. Microsoft Word drawing tool) or scanned and pasted on the document. The report will count towards 20 % of your final mark. Referencing All sources used in the assignment should be appropriately referenced using a standard referencing system (e.g. Harvard style). The reference list will not count towards your final word count. Please consult Macquarie University Library’s resources for further information about referencing.

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