Why do developed and developing countries differ in terms of the level of pollution? -Evidence-based statistics: Possible theory to understand pollution model

Topic: Pollution, being a demerit good, imposes negative spillover effects over society; adversely affecting the environment, and public health. There are private costs incurred by the producers as well as the external social cost to be borne by the consumers. A Marginal cost-benefit analysis to identify welfare loss to the society

Using models and theories of market failure (i.e. only material from lectures 2 to 6), perform a microeconomic analysis of one specific appropriate issue or phenomenon of your choice. Clearly explain your chosen question, method and conclusions.

Potential Questions to answer:
1. Why do developed and developing countries differ in terms of the level of pollution? -Evidence-based statistics: Possible theory to understand pollution model

2. What can be the role of the government to curb pollution?
-Pollution tax: Use of diagrams to explain the impact
*Please restrucure the question in the similar manner as per Question Format Example.jpg

Concepts used:
1. Comparative Statics
2. Market Failure, Externality, spillover effects
3. Relevant Microeconomic Theory

*Please refer to lecture notes provided.
*Refer to assessmentguidelines-pages-4-7.pdf on assignment requirement and marking rubric

Last Completed Projects