Using the materials provided, write an essay that addresses the following:
Description of the Issue:
Use the news and reports materials to describe and summarize the current state of obesity in the US and around the world for adults and children.
Justification for Policy Interventions:
Use the reading on the cost of obesity to discuss the economic justifications for public policy interventions in the areas of adult and childhood obesity. Examples include topics in market-failure like an externality problem or a public goods problem. Other possible areas include normative economic justifications like fairness or paternalism.
Evaluation of Policy:
Discuss the economics of a per unit tax on soda (i.e. an excise tax on soda or high-sugar drinks). What does economic theory predict? In theory, how does this specific policy address obesity? In theory, how does such a tax help address the cause for the policy intervention (i.e. how does the tax solve a topic in market-failure like externalities / public goods; or how does it solve a normative economic concern).
Summarize the empirical research on the effectiveness of soda taxes. Relate these findings to economic theory and to the goal of the policy intervention.
Your Policy Recommendations:
Using the reading on the determinants of obesity and the research findings on soda taxes, discuss your policy suggestions.
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Descr appeared first on Skilled Papers.