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Perhaps you could have explained how the Canadian example can be useful in understanding the
potential impacts of the Indian policy.
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How to improve analysis?
What specific additional quantitative data or analysis do you think would have been useful in
understanding the implications of the policy?
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INTRODUCTION (20%)
Clear, concise, well-presented, pertinent description of: (a) the chosen
company and its relevant characteristics/nature. (b) the chosen
company's market structure (based on presented evidence-based
argument). (c) a single relevant upcoming or recently enacted
government policy change. (d) the announced reason and other
potentially plausible reasons why the government might want to enact
the policy. NOTE: (c) a recent or upcoming policy is a policy introduced
in the last 12 months (leeway to January 2018), or that is planned for
the near future. The abolition within the last 12 months or planned
abolition of a government policy also counts as a recent or upcoming
policy.
ANALYSIS (60%)
Demonstrated grasp of relevant policy implications; logical thinking,
coherence, conciseness, clarity and robustness of microeconomic
analysis of announced policy change, including: (a) appropriateness
and quality of selected analytical approach – well-reasoned use of
microeconomics theory in analysing the announced policy change,
GRADING FORM: ECON7002 ESSAY SEM 2
20Excellent. Well above average.
well-reasoned analytical conclusions including of unintended
consequences. (b) description of alternative means the government
can use for achieving its aims, including descriptions of likely market
and welfare impacts, explaining why the government chose its
announced approach. (c) literature support of essay's analysis: properly
presented arguments supported by well-cited SCHOLARLY quotes and
references, few if any unsupported opinions (excepting commonly
accepted facts). (d) diagrammatic support of essay's main analysis: use
of clear, well-labelled, relevant, properly referenced diagrams/tables
that support the analysis.
CROSS-COMPARISON (10%)
Real-life example of an essentially similar government intervention in
an essentially similar market at any time previously anywhere in the
world, noting: (a) whether the intervention produced its intended
results, (b) how it informs the essay's economic analysis.
CRITICAL REFLECTION (10%)
Critical reflection of the analytical approach, emphasising its strengths
and weaknesses for the real world.