Reference no: EM132879016

Select an economic case that affected or lead to the creation of a policy. This could be a domestic or international case study. If you are unsure of a case study at the beginning of the semester, begin researching economic principles and its effect on policy. You are welcome to refer to the previous Short Writing Assignments as a guide for your final project.

Question a) Your project must identify a social phenomenon and a policy (or policies, if you decided to compare different policies with each other) that addresses the phenomena. How was the policy adopted? How was it implemented? Is there a big difference between the adoption and implementation process? For this requirement, you should think of the models of policy process we discussed throughout the semester.

Question b) Identify the economic benefits and costs prior to the adoption (or amendment) of your selected policy. Be sure to also include tangible and intangible factors (you do not have to measure the factors, but you should be able to identify them appropriately in your project)

Question c) Identify the positive and negative externalities of the adopted policy. Who were the stakeholders? Who was primarily affected? How has this policy affected public well-being?

Question d) Your project should offer multiple perspectives that would explain the benefits, costs, and externalities of your topic. What were the conflicting ideas/proposals? What would you propose that would merge the conflicting ideas and proposals to meet half-way?

Question e) Take a stance on whether or not you think your selected policy is a success or failure. Provide examples to explain your stance.