The Economist (2015) Do rent controls work?

"The idea of allowing governments to set limits on the rents that can be charged by landlords strikes many people as a sensible way to address problems in housing markets."

Discuss.

Use a correctly labelled supply and demand diagram in your answer.

Explain the theory of price controls and the equity reasons behind price ceilings in apartment rental markets in the US.

Suggest an altemative policy for governments to address the issue of housing affordability for low income households.

Assignment

Write your assignment as a business essay (use headings) with an introduction, body including sections related to the parts of the question, and conclusion. Use in-text references when you include information from sources. Add a reference list (one textbook and at least four scholarly articles) after the conclusion. The word count (1,000 to 1,200 words) is measured from the introduction heading to the end of the conclusion. Remember to include an electronic Cover Sheet. Ensure you write academically using precise vocabulary, spelling and grammar. Ensure that you use correct in-text and end-text referencing. See the ECU Referencing Guide. Use the Practice Turnitin site to reduce your Similarity score (check references, quote marks, paraphrasing). Include one textbook and at least four other scholarly references (books, book chapters, journal articles). See the Assignment link on Blackboard for Exemplars.

Contact the Learning Consultants at the Academic Skills Centre (see Staff link on the Blackboard site) if you need help with academic and language skills.

Criteria
Presentation and writing
- Contents page
- Appropriate headings
- Double spaced/12 point font
- Under word limit (1000)
- No spelling or grammatical errors
Academic Writing Conventions
- At least 5 relevant academic references (including one textbook)
- Appropriate and correct use of quoting, paraphrasing and in-text referencing
Explanation of economic theory
- Appropriate economic concepts have been defined and applied
- Correct explanation and application of economic theory
- All aspects of the question have been answered
Critical analysis and use of economic models
- Appropriate economic models have been applied
- The model is correctly labelled, explained and linked to the topic
- Critical thinking is evident - well reasoned arguments and conclusions