{"id":16608,"date":"2023-04-23T03:35:26","date_gmt":"2023-04-23T03:35:26","guid":{"rendered":"https:\/\/www.goodacademic.com\/blog\/questions\/environmental-economics-to-demonstrate-that-you-can-analyze-a-real-world-topic-using-economic-concepts\/"},"modified":"2023-04-23T03:35:26","modified_gmt":"2023-04-23T03:35:26","slug":"environmental-economics-to-demonstrate-that-you-can-analyze-a-real-world-topic-using-economic-concepts","status":"publish","type":"questions","link":"https:\/\/www.goodacademic.com\/blog\/questions\/environmental-economics-to-demonstrate-that-you-can-analyze-a-real-world-topic-using-economic-concepts\/","title":{"rendered":"Environmental Economics (To demonstrate that you can analyze a real world topic using economic concepts)"},"content":{"rendered":"

The full instruction is attached. (File name: Instruction_Written_Homework #3 – Paper02.pdf)<\/font><\/b><\/p>\n

Must read and follow it carefully!!!!!<\/font><\/b><\/p>\n

<\/b><\/font><\/div>\n
**<\/font>The topic I would like to write about is “Tobacco Tax”. <\/font><\/u><\/b><\/div>\n
**<\/font>The refutation paragraph also requires at least one piece of evidence. <\/font><\/u><\/b><\/div>\n

<\/font><\/b><\/div>\n
Attachments contain 1 full instruction and 1 Article(you  must use this article, but you could freely use other reliable articles found on the internet such as .gov\/.edu)<\/font><\/b><\/div>\n

<\/font><\/b><\/div>\n
Notification:<\/font><\/b><\/div>\n
The topic of the last paper I wrote is “Tax on Gasoline and Alternative Policies”. <\/font><\/b><\/div>\n
I attached the last paper as a sample; you can look at it and see how I worked on it.<\/font><\/b><\/div>\n
 
<\/font><\/b><\/p>\n

<\/font><\/b><\/div>\n
Requirements:<\/font><\/b><\/div>\n
The grade will be based on your background research on the topic as well as your analysis.<\/font><\/div>\n

<\/font><\/div>\n
1. Articles: <\/b>Find <\/font>Four or more articles<\/b><\/font> of your choice that describe an event that you will analyze. You may use newspaper articles, the short papers in the attachment, or other reliable sources (that is, not an undocumented webpage).<\/font><\/div>\n

<\/font><\/div>\n
You need to express a normative opinion, but you also need to provide a positive analysis<\/b> to back it <\/font>up.<\/font><\/span><\/div>\n

<\/font><\/span><\/div>\n
2. (Important!)<\/font><\/b>Positive Analysis: Formally analyze how this event affects a market, a typical consumer\u2019s choice, or another topic. That is, <\/font>use graphs or math<\/font><\/b> to interpret or predict the effects described in the article<\/b>. If the article mentions numbers (a price rose from $x to $y, the <\/font><\/span>quantity increased by 10%, \u2026), <\/font>show these numbers in your figure. <\/font>Be sure to fully label your graph and interpret what happened or is predicted to happen in words.<\/font><\/span><\/div>\n

<\/font><\/span><\/div>\n
3. Normative economic analysis:<\/b> Share your opinion on the topic and defend your position using your positive analysis. <\/font><\/span>Discuss whether additional information would be helpful for you to form a definitive opinion. Propose an alternative policy that could be adopted to address issues related to your topic, perhaps to promote efficiency or equity. Possible policies are to add (or remove) taxes, subsidies, quotas, government-provided information, and price controls. Use your analysis to predict the effects of these policy changes. Some things you could mention: discussion of welfare gains\/losses; incidence; tradeoff between equality and efficiency; or potential heterogeneous effects among various groups of people.<\/span><\/div>\n

<\/font><\/b><\/div>\n

<\/font><\/b><\/div>\n
Economic concepts: You should use the economic concepts we\u2019ve discussed in class, such as <\/font><\/b>(but not limited to):<\/font><\/b><\/div>\n
\u2022 supply and demand analysis<\/font><\/b><\/div>\n
\u2022 welfare measures<\/font><\/b><\/div>\n
\u2022 income and substitution effects<\/font><\/b><\/div>\n
\u2022 tax\/subsidy incidence<\/font><\/b><\/div>\n
\u2022 a consumer\u2019s constrained choice set over two goods<\/font><\/b><\/div>\n
\u2022 price floor or price ceiling<\/font><\/b><\/div>\n
\u2022 elasticity of demand<\/font><\/b><\/div>\n
\u2022 gainers and losers from the policy<\/font><\/b><\/div>\n
\u2022 labor supply<\/font><\/b><\/div>\n
\u2022 utility maximization<\/font><\/b><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The full instruction is attached. (File name: Instruction_Written_Homework #3 – Paper02.pdf) Must read and follow it carefully!!!!! **The topic I would like to write about is “Tobacco Tax”.  **The refutation paragraph also requires at least one piece of evidence.  Attachments contain 1 full instruction and 1 Article(you  must use this article, but you could freely […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[710],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/16608"}],"collection":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/comments?post=16608"}],"version-history":[{"count":0,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/16608\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=16608"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=16608"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=16608"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=16608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}