Reference no: EM132229954
Question: Short Papers
1. Paper Length
a. 3-5 pages
2. Analysis of current economic problem
a. Two proposed topics (choose 1) or propose another similar tax/tariff issue
• Trump's proposed tariffs on imported Chinese goods (e.g., steel)
• Seattle City Council's adopted tax on soda (within the city limits)
1. Suggested Outline
a. Problem Statement - what is the "economic problem/issue" that the agent (Trump or the Seattle City Council) is attempting to address/correct?
b. Economic Analysis
• Use a standard demand and supply model to illustrate:
i. What is the "problem" that the agent (Trump of City Council) thinks that the current market creates ..and how would a government intervention in this market "solve" the problem?
ii. Would the proposed solution increase or decrease economic efficiency
iii. Would it correct the problem that Trump/Seattle City Council is attempting to address?
• Critically review the agent's proposed solution/intervention - from an economist's perspective
• Conclusion(s)
Information related to above question is enclosed below:
Attachment:- ShortPapers.rar