Government heavily subsidising bicycle shops in order to encourage more cyclists and less cars on the road - Case Study - Economics Assessment Answer

Assessment Task:

Choose the topic “Government heavily subsidising bicycle shops in order to encourage more cyclists and less cars on the road” where economic reform has been proposed, or you think should be. 

Task:
1. Outline a reform proposal 

2. Discuss the theoretical and empirical rationale for the reform proposal 

3. Discuss the likely impact on aggregate output and income
4. Discuss the likely impact on unemployment, inequality, poverty
5. Discuss the likely environmental impacts 

6. Weigh the different impacts and give a reasoned recommendation about the reform proposal

[Introduction]

Set out what is going to be discussed in the paper. Be brief and clear. Give a bit of context about the issue you are going to discuss. An example first sentence was you to discuss the policy of education may be:

Over recent years it has been pertinent for workers to have a higher level of technical skill in order to meet the requirements of an ever-changing work environment…

Having a contextual sentence helps create a nice start to the paper.

[Why is this reform necessary?]

State clearly why this reform is needed. It is important as it tells the reader why they should pay attention to the remainder of the paper. It must be clear what the problem is that needs reform. 

Example 

…Education policy is insufficient to train workers in the necessary skills they need in an ever-changing work environment. Reform is needed in order to increase the skills of workers allowing them to better meet the requirements of their job environments...

This sentence follows on from the introduction in stating specifically what the problem is in regard to the content that has been spoken of in the introduction.

OPTIONAL SECTION [Who is the entity that will be working with this policy recommendation?]

Explain the relevant entity that will assist in implementing reform and explain why their involvement is relevant. As part of this, discuss what the entity does so the link can be made to why they are the most appropriate to assist in addressing the reform.

Examples could be Centrelink assisting with upskilling workers on Newstart.

[What are some of the different options available to policymakers?] 

This is where you state and elaborate on each of the options. In order to provide thorough explanations, it is recommended you suggest no more than three options (you can do less) and discuss each of these in turn.

In this part, you also take the opportunity to address tasks (iii)-(v) as stated within the ‘Case Study Assignment’ section of the unit outline. If you cannot completely discuss each of these points that is OK.

Example:

One option to increase the skill level of workers is paying subsidies to work providers in markets where there has been high levels of technological increase such that workers can receive more training on-site. 

You would then go onto explain how this option will address the needed area of reform, tying in theory from the semester and using diagrams where appropriate. For the example above you could do a diagram of a subsidy that will expand the market for ‘education’ in the workplace. You would discuss the impacts of this option making sure it is clear why and how it could work and making sure you are referring to the theory learnt in this unit. Try and provide a discussion of how realistic each of these options may be.

[What is the recommendation for a course of action?] 

Here you state the single best option and explain why it is the best option. Consider how realistic it is to implement. You should only need to reiterate one of the options above and justify why it would be the best, no need to introduce new information.

[Conclusion] 

In a paragraph or two summarise what you have said above. You may tie the recommendation section in with your conclusion.

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