Contemporary Economic Issue
Imagine that you work as an adviser to a Member of Parliament who has been appointed to the Standing Committee on Economics for a forthcoming Inquiry into a particular
issue. Despite his appointment to the Standing Committee, your boss (the Member of Parliament) has never taken a course in economics. He has found a news article which he believes captures the main
points that the Inquiry on this issue is likely to raise.
Because your boss knows that you have taken ECON7000, he has given you the article and asked that you provide him with a 1000-word report (or ‘briefing note’), which:
1. Explains the economic concepts underlying this real-world issue, and
2. Briefly discusses the assumptions of the standard economic analysis of this issue.