TASK :
Answer questions below in 1000 words or fewer using diagrams to illustrate your answers. Each question answered is worth 10% of your overall mark for the module.
a) Using diagrams explain why governments place higher tax rates on products such as petrol and cigarettes.
b) Examine the impacts of rationing on a certain consumer good.
Your essay for the third part will be assessed on the basis of the extent to which the essay:
- Provides a clear introduction and outline of the aim and focus of the essay;
- Provides an in-depth consideration of the pertinent theoretical ideas;
- Makes good use of relevant data, charts and diagrams to support the central narrative contained within the essay;
- Provides a critical and analytical discussion of the relevant issues;
- Appropriately references the arguments contained within the paper using a wide range of sources;
- Provides a clear, structured and coherent review and analysis of the relevant issues.
- Provides a reasoned conclusion grounded in the essay's analysis.