Notes from me: The course is Environmental economics ECON 362 at cal state fullerton, and a graph needed to explain the solution
Environmental Economics Writing Assignment- Adapted from Robert FrankYour assignment is to use multiple principals discussed in the course to explain some pattern ofevents or behavior involving externalities that you personally have observed. Choose a topic thatyou find interesting, and that relates to the course.Your space limit is 750 words. Many excellent papers are significantly shorter. Please do not lardyour essay with complex terminology. Imagine yourself talking to a relative who has never had acourse in economics. You need not include a bibliography, but you must cite any referencesources used. This assignment is not a PhD dissertation. You are not expected to do voluminousresearch in support of your argument, although a relevant fact or two might help convinceyourself and others that you are on the right track. The assignment must be accompanied with atleast one graph that supports your economic reasoning.You are required to use an original question and produce an original explanation. It makes nodifference whether your topic is important, but try, as best you can, to choose somethinginteresting. A really successful paper is one that begins with a really interesting question (onethat makes the listener instantly curious to learn the answer) and then uses principles from classto construct a plausible answer. Let me know if you are unsure of your question choice.Your reasoning must be grounded in economic concepts. For example, citing governmentregulation alone is not a sufficient answer. Regulation may play a role in answering why arethere sulfur dioxide trading markets, but only citing regulation would be a bad answer.Instead, you want to describe the economics of the policy.The paper must include:1. The question clearly at the top of the first page2. An explanation of the economic argument behind your explanation.3. The application of at least three concepts from class.4. A graph that supports your reasoning.Submission and GradingThe typed paper must be submitted online via Canvas and Turnitin. Your ability to apply andcommunicate economic concepts and logic is most important. I will deduct points for unclearand/or poorly written essays.Examples of Questions (You may not use these for the assignment)- How could the Coase theorem be used to solve the problem of my neighbors noisy dog?- Why is the gas storage facility near Porter Ranch open after such a large leak?