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Imagine it is 2013 and you are working for the Civil Service at the time when the UK government is considering a range of policy options to address the financial risks of flooding You have been asked to provide your head of department with a briefing on the following policy: Option X: Require all new-build and existing homes on floodplains to comply with specified flood-resistance and/or resilience standards (such as flood doors, external wall render, waterproofed flooring and plaster, waist-level electrical sockets, and so on) with a cap on the cost for existing homes. To create this briefing, you should draw on the module materials and the (fictitious) resources that have been created for this TMA. Click on the links to open the resources, which are: part of an Impact Assessment summarising details of some of the policy options . an Excel file, containing a social cost-benefit analysis for Option X, where you will need to complete some of the calculations before you use the data in your briefing.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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