(i) Outline a reform proposal.
(ii) Discuss the theoretical and empirical rationale for the reform proposal.
(iii) Discuss the likely impact on aggregate output and income.
(iv) Discuss the likely impact on unemployment, inequality, poverty.
(v) Discuss the likely environmental impacts, if any.
(vi) Weigh the different impacts and give a reasoned recommendation about the reform proposal. Format: Your written report should be in the form of a Policy Paper. Marking Criteria: • Can demonstrate understanding of the economic theory and empirical evidence. • Can appropriately apply economic theory and empirical evidence to the policy issue, including the various impacts. • Can analyse strengths and weaknesses of the economic policies. • Can demonstrate clarity of presentation, including correct referencing of sources.