Write an essay on the following topic:

Choose any one microeconomic issue and critically assess the success or otherwise of UK policy (or that of some other country of which you have knowledge) to deal with that issue. You may wish to consider, among other things, the strength of the economic case for intervention, the choice of policy instruments, implementation issues, evidence on the effectiveness and efficiency of policy and any wider, possibly unintended, consequences.

You should use the module reading lists (especially for Section 1) as a preliminary guide only and use other resources (library, world-wide web, etc.) to supplement your research. Essays should be in the region of 2,000 words and no longer than 2,500. This is to encourage concise expression and effective use of a wide range of materials. You may be penalised if you exceed the word limit. You can find some guidance on how to write essays in your Advanced Undergraduate Guide.