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Microsoft Word - Policy Report.docx 1 ECON3034 Resource and Environmental Economics Policy Report (20%) DUE: November 7 @ 11: 55 pm EC Assignment Description and Instructions: • The policy report...

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Microsoft Word - Policy Report.docx
     1    

ECON3034 Resource and Environmental Economics
Policy Report (20%)
    
DUE: November 7 @ 11: 55 pm EC
Assignment Description and Instructions:
• The policy report should be no more than 10 pages. It should be typed in Times New
Roman typeface, size 12 and 1.5 line spacing.
• Report should be saved as a PDF document.
• Students MUST reference using the APA referencing style. Quotations of more than two
lines should be set off from the text in single spacing and indented at least 2 inches from
the left-hand margin.
• Tables and figures should appear as close as possible to the text where they are discussed.
They should be listed by number, title and page numbers in the List of figures, tables,
charts, illustrations page.
     2    
Write a policy report analysing the economic environment of an industry of your choice, which
is found within the Cari
ean region:
(a) Determine the Cari
ean country or countries in which the industry can be found and
construct a table showing the contribution to GDP (for the last five years) for each country.
(b) Identify the main methods of environmental valuation that can be applied and assess their
effectiveness in measuring the negative environmental impacts of the industry.
(c) Based on your assessment of the economic environment, what opportunities and challenges
are likely to emerge for this industry in the long run?
(d) Express your agreement or disagreement with the use of a Cost Benefit Analysis approach
for the purpose of future economic development in this industry.
Support your policy report with specific data, facts and evidence from the Cari
ean.
The following links may be useful:
Writing policy
iefs and Reports - UTM
https:
www.utm.utoronto.ca/asc/sites/files/asc/public/shared/pdf/wdi/sample_course_materials/s
oc/SOC_PolicyWritingGuide.pdf
Writing Sample Policy Report on Affordable Housing
https:
www.slideshare.net/MichelleFeldman5/writing-sample-policy-report-on-affordable-
housing
The policy report should include:
• Introduction
• Literature Review / Critique/ Analysis of status quo
• Opportunities / Challenges
• Evaluation of cost-benefit analysis for the chosen industry
• Conclusion
     3    
The following ru
ic will be used for the policy report:
     Excellent         Good         Satisfactory         Poor        
Introduction        
(5    marks)        
The    introduction    and    
objectives    are    clearly    
stated.    Background    and    
context    are    clearly    
articulated    and    
effectively    linked    to    
objectives.        
5    points        
The    introduction    and    
objectives    are    clear.        
Background    and    context    
are    partially    described    and    
mostly    linked    to    objectives.        
4    points        
The    introduction    and    
objectives    are    clear    but    
the    background    and    
context    are    not    well    
described    nor    clearly    
linked    to    objectives.        
2    –    3    points        
The    introduction    is    
vague.    Background    and    
context    are    vague    or    
absolutely    lacking    and    
there    are    no    clear    links    to    
objectives.        
0-1    points    
Literature    
Review    /    
Critique    
(10    marks)    
Evaluative    review    of    the    
cu
ent    situation    for    the    
industry    with    logically    
sound    reasons    and/or    
well-chosen    examples.    
Each    assertion    is    
supported    with    
esearchable    and    
verifiable    support    from    
eputable    sources.    No    
ias    is    evident    in    the    
analysis.        
9    -    10    points    
Explains    most    of    the    factors    
impacting    the    industry    with    
logically    sound    reasons    
and/or    well-chosen    
examples.    
Assertions    are    generally    
well-researched    and    
supported    by    appropriate    
eference    materials.    No    
ias    is    evident    in    the    
analysis.    
8    points    
    
Explains    some    of    the    
factors    impacting    the    
industry    but    is    weak    in    
the    use    of    relevant    
easons    or    examples.    
Some    evidence    is    
provided    to    support    
many    of    the    assertions,    
ut    not    all.    Reference    
materials    may    be    
inappropriate.    
5    –    7    points    
Identifies    the    factors    
impacting    the    industry    
ut    little    or    no    attempt    to    
ca
y    out    an    evaluative    
eview.    
No    relevant    reasons    
and/or    examples    
provided.    
Assertions    and    
statements    are    weak,    
unsupported    or    biased.    
0    –    4    points    
Opportunities    /    
Challenges    
(20    marks)        
At    least    two    
opportunities    and    two    
challenges    are    presented    
for    the    industry.    A    
thorough    cost-benefit    
analysis    is    provided    for    
each.    
Students    are    innovative    
in    identifying    relevant    
challenges    and    
opportunities.    All    ideas    
provided    are    new.    
    9    -    10    points    
At    least    two    opportunities    
and    two    challenges    are    
presented    for    the    industry.    
A    thorough    cost-benefit    
analysis    is    provided    for    
each.    
Some    innovation    is    
observed    in    the    
identification    of    challenges    
and    opportunities.    Some    of    
the    ideas    provided    are    new.    
8    points    
    
        
At    least    two    
opportunities    and    two    
challenges    are    presented    
for    the    industry.    An    
adequate    cost-benefit    
analysis    is    provided    for    
each.    
Little    innovation    in    the    
identification    of    
challenges    and    
opportunities.    Student    
elies    on    ideas/strategies    
that    already    exist.    No    
new    ideas    presented.    
5    –    7    points    
No    more    than    one    
opportunity    and    one    
challenge    is    presented    
for    the    industry.        
An    inadequate    or    no    
cost-benefit    analysis    is    
provided.    
Student    simply    provides    
ideas/strategies    that    
already    exist.    
0    –    4    points    
Evaluation    
(15    marks)    
Evaluation    indicates    
original    thought,    
synthesis    of    ideas    and    in-    
depth    analysis.        
Main    points    well    
developed    with    high    
quality    supporting    
details.    Reveals    high    
degree    of    critical    
thinking.        
Evidence    and    examples    
are    vivid    and    specific.        
14    –    15    points        
Evaluation    indicates    
original    thinking    and    
develops    ideas    with    
sufficient    and    firm    
evidence.        
Main    points    well    developed    
with    quality    supporting    
details.    Critical    thinking    is    
weaved    into    points.    
There    are    good,    relevant    
supporting    examples    and    
evidence.        
11    -    13    points        
Evaluation    indicates    
thinking    and    reasoning    
applied    with    original    
thought    on    a    few    ideas.    
Main    points    are    present    
with    limited    detail    and    
development.    Some    
critical    thinking    is    
present.    
There    are    some    examples    
and    evidence,    though    
general.        
8    –    10    points        
Shows    some    thinking    and    
easoning    but    most    ideas    
are    underdeveloped    and    
unoriginal.        
Main    points    lack    detailed    
development.    Ideas    are    
vague    with    little    
evidence    of    critical    
thinking.        
There    are    too    few,    no    
examples    and    evidence    
or    they    are    mostly    
i
elevant.    0    –    7    points        
Conclusion    
    (5    marks)        
Conclusions    are    clearly    
stated    and    connections    
to    the    arguments    and    
positions    are    clear    and    
elevant.    The    underlying    
logic    is    explicit.        
5    points    
Conclusions    are    clearly    
stated    but    connections    to    
arguments    and    positions    
are    not    always    clear    and    
elevant    -    some    aspects    
may    not    be    connected    or    
minor    e
ors    in    the    
underlying    logic    are    
present.        4    points    
Conclusions    are    poorly    
stated    and    connections    to    
arguments    and    positions    
are    very    unclear    /    
i
elevant.        3    points    
Conclusions    are    very    
poorly    stated    and    the    
connections    to    the    
arguments    and    positions    
are    inco
ect,    unclear,    
i
elevant    or    presented    
without    explanation.    
Underlying    logic    has    
major    e
ors.        
0    -    2    points        
Writing    and    
References    
(5    marks)        
The    report    is    coherently    
organized    and    the    
arguments    and    positions    
are    easy    to    follow.    There    
The    report    is    generally    well    
organized    and    most    of    the    
arguments    and    positions    
are    easy    to    follow.    There    
The    report    is    not    very    
well    organised    and    only    a    
few    arguments    and    
positions    are    easy    to    
The    report    is    poorly    
organized    and    difficult    to    
ead    –    does    not    flow    
     4    
are    no    spelling    or    
grammatical    e
ors.    
    
Four    or    more    references    
were    used/    cited.        
References    were:        
1.    Appropriate    for    the    
context    of    the    
Project/Report.        
2.    Were    very    cu
ent    
where    applicable    using    
eferences    produces    
during    the    last    2    years        
3.    Used    effectively    in    the    
Project/Report.        
4.    Written    using    the    
latest    APA    style    format.        
5    points    
are    only    a    few    minor    
spelling    and/or    
grammatical    e
ors.    
    
Three    references    were    
used/    cited.        
References    were:        
1.    Mostly    appropriate    for    
the    context    of    the    
Project/Report.        
2.    Not    always    cu
ent    using    
eferences    produced    later    
than    2    years        
3.    Used    mostly    effectively    in    
the    Project/Report.        
4.    Written    using    the    latest    
APA    style    format    for    the    
most    part.        
4    points    
follow.    There    are    a    few    
minor    spelling    and    /    or    
grammatical    e
ors.        
    
Two    references    were    
used/    cited        
References    were:        
1.    Somewhat    appropriate    
for    the    context    of    the    
Project/Report.        
2.    Were    for    the    most    part,    
outdated    i.e.    produced    
later    than    4    years    ago        
3.    Not    effectively    used    in    
the    Project/Report.        
4.    Written    using    the    
latest    APA    style    format    
was    inconsistent    
throughout        
3    points    
logically    from    one    part    to    
another.        
The    arguments    and    
positions    are    not    easy    to    
understand.        
    
Only    one    reference    or    no    
eferences    were    used/    
cited.        
References,    if    used    
were:        
1.    Not    appropriate    for    
the    context    of    
Project/Report.        
2.    Not    cu
ent    –    used    
eferences    older    than    4    
years        
3.    Ineffectively    used    in    
the    Project/Report.        
4.    Not    written    using    the    
Latest    APA    style.        
0-2    points
Answered 5 days After Oct 31, 2021

Solution

Ayushi answered on Nov 06 2021
124 Votes
ECON3034 Resource and Environmental Economics:
Contents
Industry: Travel and Tourism    3
Valuation methods:    5
Benefits:    7
Challenges:    9
Cost-benefit analysis:    11
References:    13
Industry: Travel and Tourism
The administrations area has filled altogether in many nations and on the planet economy in general. This has been seen in the movement from essential to auxiliary and additionally tertiary area drove monetary development and improvement. Administrations contribute altogether to yield, work and commodities. They represent around 80% of the United States yield (GDP) and around 65% of GDP of the European Union. Created nations are the biggest help exporters representing more than 70% of administrations exchanged the last part of the 1990s. Albeit emerging nations represent a somewhat little extent of globally exchanged administrations their commodities of administrations became more altogether than those of created nations during the 1990s. Travel and the travel industry are the main help products of non-industrial nations. Commodity of monetary administrations turned out to be progressively critical since the 1990s. Most Cari
ean nations have moved straightforwardly from essential area drove advancement to tertiary-area drove improvement. Regardless of this, information assortment and bookkeeping techniques remained generally one-sided towards estimation of the products creating areas of the economy. This is presumably because of the way that the yield of administrations areas is harder to quantify than that of products areas. A contributor to the issue of estimation has to do with the treatment of administrations inside products creating areas. One can decide the commitment of administrations to yield if, for instance, a firm assembling refreshments buys bookkeeping and transport administrations from outside makers of those administrations. Assuming, notwithstanding, the firm being refe
ed to produces the administrations in house then those administrations would be incorporated as assembling yield. Since administrations establish a huge piece of creation, the complete yield of administrations is along these lines liable to be thought little of. The commitment of the administrations area to development could accordingly be a lot bigger than is authoritatively recorded. Isolating the administrations part from the assembling part would help in deciding the variables that add to the intensity of specific enterprises and items. It would likewise help in deciding the genuine worth of administrations trades from Cari
ean nations. To successfully gauge or evaluate the commitment of administrations to monetary development and improvement it is helpful to realize what comprises assistance. Assistance can be characterized as a financial action that delivers a decent or item that is theoretical or undetectable. It tends to be either an eventual outcome or a contribution to another financial movement ("The development of services in the Cari
ean", 2021). It is in this manner best comprehended as far as its attributes. Assistance, in contrast to a decent, can't be seen and it must be devoured while it is being given. Administrations in this way can't be amassed like merchandise.
Refer the data from 5 Cari
ean countries as the contribution of tourism industry to the country’s GDP ("World and regional statistics, national data, maps, rankings", 2021):
    
    2020
    2019
    2018
    2017
    2016
    Aruba
    44%
    63%
    88%
    90%
    28.6%
    Antigua and Ba
uda
    54.5%
    44.7%
    44.1%
    45.8%
    44.2%
    Bahamas
    14.8%
    19.52%
    19.63%
    47%
    19.39%
    Ba
ados
    40%
    36.2%
    37.5%
    39%
    33%
    Saint Kitts and Nevis
    12%
    10.8%
    9.67%
    9.66%
    8.88%
Valuation methods:
A few ecological valuation strategies are presented beneath. The determination of a technique will depend on the ecological effect on be evaluated and information accessibility. The techniques are introduced in diminishing request of dependence upon market data and include: (I) strategies in view of market data; (ii) strategies dependent on substitute market esteems; and (iii) techniques in view of possible use or ability to-pay ("Environmental Valuation | Sustainability: A Comprehensive Foundation", 2021). One should look to put monetary qualities on all ecological capacities that might be impacted by an undertaking.
1. Market based methods:
The techniques considered in this part depend straightforwardly on market costs or usefulness. They are material where an adjustment of ecological quality influences genuine creation or creation capacity.
· Change in productivity:
This technique gauges the effect of an adjustment of the climate on the travel industry.
· Loss of earnings:
This technique estimates the impacts on wellbeing from natural dangers like air and contamination dependent on the deficiency of income and the expense of clinical consideration.
· Defensive or preventive expenditures:
This technique induces the genuine benefit of shielding the climate from what individuals spend to forestall the harm or to reestablish the climate thereafter.
2. Su
ogate market value:
The techniques considered in this segment use market data in a roundabout way. Each has its specific benefits and drawbacks, just as explicit necessities for information and assets.
· Property value:
This strategy decides the understood cost of explicit qualities of properties to put esteem on enhancements or...
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