Essays on Economics Modeling of Climate Change Assignment

Assignment Task

For this assessment you are required to develop and produce a short essay (excluding bibliography) choosing one of the following topics as a guide. The development of the topic is under your control and may take any direction you wish.

Topics

1. Economist's understand growth as the aggregate production of an economy, but models of growth include a variety of factors. In the following essay discuss the transforming effects of both technology and demographics on the nature of growth within an economy. Discuss how government policies tackle these issues.

2. A) Explain and evaluate the imposition of taxation upon the forces of supply and demand and the effects this has on welfare.

B) Critically analyse the current Irish income tax system with at least one other OECD country and critically assess the system in terms of marginal tax rates, the tax wedge and replacement rates.

3. Climate change and environmental degradation are an existential threat to Europe and the world. To overcome these challenges, the European Green Deal will transform the EU into a modern, resource-efficient and competitive economy, ensuring:

• no net emissions of greenhouse gases by 2050
• economic growth decoupled from resource use no person and
• no place left behind'.

European Commission (2022).

Using the supporting material on the Moodle page discuss and critique the European Green New deal and the transition into a circular economy. Discuss how the three elements of the green new deal would affect Ireland's economy.

4. The gender pay gap is continued area of contention which both governments, organisations and interest groups have looked to address using varying different methods. Using examples discuss both barriers and potential solutions that have been devised to address the gender pay gap both internationally and in Ireland.

5. Since 2015, there is evidence of a widening gap between measured GDP, in the official National Accounts published by the CSO, and what could be considered as underlying domestic economic activity-i.e. economic activity conducted in Ireland that affects the employment and incomes of Irish residents. In 2021, GDP is likely to overstate the underlying rate of growth in the Irish economy by around threefold.

Byrne, Conefrey, O'Grady, (2021) Quarterly Bullitin - Q4 2021, Central Bank of Ireland.
Discuss and Critique the ESA (2010) modified methods of economic measurement set out within Europen policy, making sure to highlight the importance of intagible activities in the
new measurements.

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