Topic: Reducing the negative externalities in alcohol consumption in Germany.

*Comment: Please, it should be done through ROAMEF cycle which is Rationale, Objectives, Appraisal, Monitoring, Evaluation, Feedback*

Start by stating:

1) the topic and its real-world context

2) give an outline of the structure of your presentation (including what the strategy/policy options are).

3) consider the core of the problem from an economist's perspective applying appropriate tools & concepts; what type of market failure is involved and what is the rationale for intervention? What objectives (or target outcomes) might be set?

4) appraise the most relevant policy/strategy options as well as the do nothing option using cost-benefit analysis.Is there an evidence base for the success of particular policies? What are the cost and benefits of each of the options. Who are the winners and losers of each of the options? Would there be any displacement effects of any of the policies?

5) recommend the best option; be prepared to talk about monitoring, evaluation and feedback following the implementation of the recommended option.