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ECON7002 Essay
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,
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
SIQI LIANG 100
20
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.