Topic: Reducing the negative externalities of alcohol consumption in Germany under ROAMEF cycle.

Spend time discussing the precise nature of the market failure your topic addresses.

What is the specific form of market failure?

What are the implications for the efficient allocation of resources?

What would be a more efficient market outcome?

Discuss how different policy interventions might be used to tackle the market failure and briefly explain some of the issues involved in the measurement and monetisation of private and social costs and benefits.

You should make sure you provide clear justifications for the proposed policies and set out the barriers to success if these policies were applied in the real world.

Consider how the recommended policy intervention will be evaluated after implementation.

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? If it is a private sector topic then what is the firm or industry trying to achieve and what are the strategic objectives?

4) appraise the most relevant policy/strategy options as well as the do nothing option using cost-benefit analysis

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