Requirements
- Define the relevant market structure and baseline assumptions.
- Model the proposed regulation with supply and demand diagrams.
- Discuss effects on surplus, incentives, and distribution.
- Recommend whether to adopt, revise, or reject the policy.
Deliverables
Four-page policy brief.
One welfare diagram with annotation.
Reference list for data or policy context.
Assessment focus
1
Economic model selection.
2
Strength of welfare analysis.
3
Clarity of recommendation.
4
Use of concise policy writing.