You are an economist for a political party in Never Land, where the electoral race period is approaching. To prepare its program, the political party asks you to propose an economic reform and present it in this report.
The primary purpose of this report is to explain the rationale for the reform that you suggest, as well as the mechanisms around which it is articulated: it is intended to be communicated to the general public.
Secondly, your report should prepare party politicians for opposition attacks: you will therefore present the economic arguments that could be used against your reform.
Context You are an economist for a political party in Never Land, where the electoral race period is approaching. To prepare its program, the political party asks you to propose an economic reform and present it in this report. The primary purpose of this report is to explain the rationale for the reform that you suggest, as well as the mechanisms around which it is articulated: it is intended to be communicated to the general public. Secondly, your report should prepare party politicians for opposition attacks: you will therefore present the economic arguments that could be used against your reform. Format Your report should be structured as follows. 1. You will briefly introduce the reform you are proposing by describing the context in which it fits and the related issues. Length: 200 to 300 words 2. In this part, you will detail the underlying economic mechanisms using your knowledge of microeconomics, in particular concepts covered in this course (Perfect Competition and The Invisible Hand, Pareto Efficiency, Factor Markets, Monopoly, Monopolistic Competition and Oligopoly, Game Theory – Nash Equilibrium, Risk-Timing and Decision Making, Info Asymmetry-Adverse Selection and Moral Hazard, Coase Theorem) Length: 500 words minimum Graphic illustration are highly encouraged. 3. You will summarize the first part by exposing the benefits of your reform for Never Land. Length: 150 to 250 words 4. In the last part, you will present all the economic arguments that you think could be used by the opposition, as well as their rationale. Length: 200 to 300 words Graphic illustration are highly encouraged. 5. Conclusion Length: 150 to 200 words Advices • This exercise is not a political exercise, but an economic one: political arguments will not be considered. • Think about the structure and logical flow of your arguments: you want to avoid making a catalog of unrelated arguments Scoring General General quality: respect for instructions, syntax, spelling, etc. 5 pts Relevance: Does the proposed reform arouse our economic interest? Does it respond to a current issue? 5 pts Introduction Clear and relevant description of the context of the proposed reform 15 pts Part 1 : Reform mechanisms Structure of the argument and clarity of expression 10 pts Use of economic concepts in class 20 pts Part 2: Benefits of the reform Structure of the argument and clarity of expression 7 pts Use of economic concepts in class 8 pts Part 3: Opposition's arguments Structure of the argument and clarity of expression 10 pts Use of economic concepts in class 10 pts Conclusion Clear summary of the assignment 10 pts