Ultimate writer

1. [Reading] Read the following article:

Watkiss, P. & Downing, T. E. (2008). The social cost of carbon: Valuation estimates and their use in UK policy. The Integrated Assessment Journal, 8(1), pp. 85 – 105. Retrieved from http://78.47.223.121:8080/index.php/iaj/article/viewArticle/272

This is an open access journal, so anyone can access the article for free. Click the tiny ‘Full Text: PDF’ link at the bottom of the page (above the Creative Commons icon) to download the file.

This is a capstone reading for the course – to understand it, you will need to make use of many of the concepts you have learned in ECON 416. It was also chosen to match the interests of many students in the class, who have told me they are interested in environmental issues and policy.

a. Write a 3-2-1 report in the usual fashion, one last time. (12 marks)

Question 1: In your own words , what are the 3 most important concepts, ideas or issues in the reading? Briefly explain why you chose them.

Concept 1 (In your own words) (2 marks)

Concept 2 (In your own words) (2 marks)

Concept 3 (In your own words) (2 marks)

Question 2: What are 2 concepts, ideas or issues in the article that you had difficulty understanding, or that are missing but should have been included? In your own words , briefly explain what you did to correct the situation (e.g. looked up an unfamiliar word or a missing fact), and the result. Cite any sites or sources used in APA format.

Issue 1 (In your own words) (1 mark)

Citation 1 (in APA format) (1 mark)

Issue 2 (In your own words) (1 mark)

Citation 2 (in APA format) (1 mark)

Question 3: What is the main economic story of the reading? (Economics studies the allocation of scarce resources.)

Story (In your own words) (2 marks)