Assignment #3: Problem Analysis and Market Feasibility Assessment

Assignment #3: Problem Analysis and Market Feasibility Assessment

 

The rule chosen is FDA rule “Natural” on Food Labeling

 

For this assignment, you are an economic analyst for The GW Regulatory Studies Center. <https://regulatorystudies.columbian.gwu.edu/.> Considering your audience’s values is a component to this assignment.

 

In this assignment, you will write an assessment report of the scale and scope of the problem that the federal agency is proposing to resolve in your rule and 2.) an assessment of whether it is a problem that the market can resolve on its own. This document is like the memo in its structure, but will include fully-formed sentences and fewer bullet points.  After a brief introduction, the assignment will be sub-divided into:

 

Scope: Who are the people (not companies/industries) being negatively affected by this problem? Identify specific groups of people or interests that are, or will be, negatively impacted by this issue. What is the magnitude of that impact on these groups? A great deal? Very little?

 

Scale: What is the measurable size of this problem? Is it a local problem, endemic to a certain area, but has national implications? Is it a national problem entirely? What could be the long-term effects should the problem go unchecked?

 

Market Feasibility: Should this problem not have any government intervention could it be resolved by the market on its own? If unchecked, are there market-based interventions (i.e. the economic model of supply and demand; creative destruction of existing markets) that could feasibly solve the problem?

 

Final Recommendation For or Against: A brief paragraph for or against government intervention, strictly based on the assessment of the scale and scope of the issue the government is attempting to resolve and the feasibility that the market can resolve the issue on its own. The challenge in this assignment will be to take the complex ideas that you are engaging with and condense them into easily readable but also informative sentences.

 

Formatting:

1” margins

12 pt. Times New Roman

Single-spaced with double spacing between paragraphs

 

Sub-headings for each section

Two pages in length

APA citation