Governments around the world are grappling with what to do about climate change. Describe some of the economic impacts if the trend towards global warming continues, and nothing is done.In order to re

Written

30 Marks

2200 words (excluding charts/tables)

Sem. 1 2017

Introduction:

This is the second assignment for this subject and forms the basis of your oral presentation. The assignment focuses on public policies on externalities, specifically on the environment.

Details:

Governments around the world are grappling with what to do about climate change. Describe some of the economic impacts if the trend towards global warming continues, and nothing is done.

In order to reduce global warming, there are several public policies that can be utilised. Describe these policies, critically analyse each one and conclude whether regulation or market-based policies are likely to give the best market outcomes and why?

This assignment is due in week 13