Is there an alternative policy approach that may work better/worse (taxes or subsidies, for example) and why? How effective does the current policy appear to be working?
Task 1: 300 words with references
please use data/numbers to support your answers. Economics is data-driven
Go to the internet and find a news article posted within the last month that discusses a potential positive or negative externality. Summarize key points in your initial discussion post. Be sure to use the concepts, terminology, and frameworks we are covering this week. For example, you may want to address what externality this regulation attempting to address? Is it a positive or negative externality? What is the current policy being used? Is there an alternative policy approach that may work better/worse (taxes or subsidies, for example) and why? How effective does the current policy appear to be working?
Please note that the goal of this discussion is to read, understand, and discuss recent news using microeconomic terminology. The article should be from an on-line newspaper or magazine. Materials posted on educational websites, like www.thebalance.com, www.khanacademy.org , and so on, are not considered news articles even if they were recently updated and contain material related to the discussion topic.
Reflection – the students also should include a paragraph in the initial response in their own words, using microeconomic terminology, reflecting on specifically what they learned from the assignment and how they think they could apply what they learned in the workplace or in everyday life.