Describe the market for rental housing, as it would be in a free market without government intervention, using what you have learned about scarcity, marginal analysis in decision-making, and
writing question
ROUGH DRAFT
See GenEd Assignment: Rough Draft for complete details.
STOP! Make sure you complete the details of the assignment linked above or you will not earn a complete on this assignment, the details are summarized below. This assignment is scored as in/complete (a complete is worth 5 points toward the GenEd Assignments, an incomplete is worth 1 point, there is otherwise no partial credit). There are NO re-submissions, you can only upload once.
Submit before the due date/time
Meet formatting and length requirements
No plagiarism
VERY Limited quoted text (must be written in your own words)
Use economic terminology to discuss the market and scarcity
Use economic terminology to discuss the existing market failures and government intervention
Use key words/concepts from each of the required chapters/lectures throughout the paper (see assignment details)
Include economic S-D graph related to market failures and discuss it
All graphs/charts/images MUST be at the end of the paper, NOT inserted in the middle of the text
Include the provided Title page (edit where appropriate)
Include an updated bibliography page
Upload 1 file (you cannot upload text, graphs, etc as separate files)
Correct file type: .pdf
Submit using the NetTA submission tool on this page
Don’t wait until close to the deadline to upload because the system suffers from congestion. You might have to use a different web browser – sometimes Safari is problematic. Upload must be complete BEFORE the due date/time.
This is the Rough Draft of GEA1 – Case Study. The rough draft has two primary parts, described below. You should write the paper as a cohesive whole; do not include section headers.
Use the link below for submission details.
Rough Draft
DESCRIPTION
Part I – (this draws on opportunity cost (Ch 1) and markets (Ch 3))
Describe the market for rental housing, as it would be in a free market without government intervention, using what you have learned about scarcity, marginal analysis in decision-making, and markets. You must include a discussion of resources, supply and demand, as well as marginal benefits and marginal costs. Think of this as an explanation of the pros and cons of the market, using specific economic terminology and concepts learned in this course.
Describe the benefits and costs but leave the discussion of rent control and other solutions to the problems in the housing market for the next part. Describe this market using the supply and demand graphical model; reference your graph in your description. Include graph 1? of this market at the end of the paper in an appendix (not included in page count). This should be a discussion without mentioning Price Controls, only discuss how the rental housing market is without government intervention. Feel free to use any stats or data that you find through your own research – make sure you use multiple different economic terms from key concepts in chapters 1 and 3 throughout this part of the paper or you will not earn a complete on this assignment. Each individual student is required to determine what graph they would like to use in their analysis to describe the situation above; the graph can be created by the students or found through other sources as long as proper citation in provided.
Part II – (this draws on government (Ch 4) to improve the discussion made in Part I)
Consider the reasons why the market for rental housing is not a free market in all areas of the US. Be sure to specifically discuss equity concerns as well as other implications for the economy. Expand on your discussion of the market from Part I, using what you have learned about government interventions and price controls.
Discuss current government-mandated rent control in the rental housing market in parts of the U.S. Describe this market – comparing the free market and rent control in a graph – add to the supply and demand graphical model “graph 1” OR include a separate supply and demand graphical model “graph 2″ or you will not earn a complete on this assignment; reference and discuss your graph in your paper. Explain rent control and exactly how it corrects the problems of the free market. Include any other beneficial aspects of the intervention that you find through your own research – make sure you use multiple different economic terms from key concepts in chapter 4 throughout this part of the paper or you will not earn a complete on this assignment. Each individual student is required to determine what graph they would like to use in their analysis to describe the situation above; the graph can be created by the students or found through other sources as long as proper citation in provided.
Also discuss other ways the government intervenes in the rental housing markets in the US or elsewhere in the world. You do not need to add a graph here. Explore the policies that are currently implemented across the country and the globe (some discussed in the articles include housing vouchers, tax breaks for builders of low income housing, etc.). Evaluate the limitations of these policies. Also consider how these policies fare in terms of the efficiency vs. equity debate. (You do not need to critique them all, just select from 2 or 3 different cities or countries that you find interesting/appealing.)
REMINDERS
Writing assignments for this course are NOT Collaborative. You are not to work with another student on this assignment or third party on this assignment (this includes current and former students, private tutors and aids through third party websites). Students are ONLY permitted to work with the course instructor, the course TAs, and the USF writing studio; unless given specific permission. Each student must provide individual work and is not permitted to share or discuss writing assignments with another student, current or former, all or in part. Plagiarism is strictly prohibited. If you are re-taking this course you must submit original work – you are not allowed to resubmit an assignment you wrote when you took the course in the past unless you have direct permission from the instructor. Anyone, both current and former students, who does not follow this policy will be in direct violation of the USF honor code and reported.
Related Files:
Avoiding Plagiarism.pdf Plagiarism is not acceptable and ignorance of what qualifies as plagiarism is not an excuse. Refer to this file for guidelines.
Citation Guide.pdf
Chicago Manual of Style
Guide Writing Economics.pdf This file is not necessary but may help address some writing questions you may have throughout the term.
USF WRITING STUDIO While these are individual writing assignments you are strongly encouraged to use the library’s writing studio during each stage of the writing process. See here for details – http://www.usf.edu/undergrad/academic-success-center/writing-studio/
FORMATTING
The body of the text must be at least 4, no more than 5, full pages: The body of the text for the rough draft must be at least 4 full pages (NO header/footers/by lines) (SEPARATE – title/graph/bibliography page) or you will not earn a complete on this assignment. It is best if you write onto the 5th page to be sure you meet the minimum, keep in mind more pages will be added later for the final draft. The paper must be double-spaced, 1” margins, and size 12 Arial FONT. File type must be pdf. No other file types are supported, especially .pages. The entire paper should be double spaced, DO NOT add extra spaces between paragraphs, do not add footers or headers, do not add extra space at the top or bottom of your pages – these will result in deductions from the page count.
Make sure to include the provided title page (use this file Title Page.docx), edit where necessary. Also include an updated bibliography page at the end of the paper. Only use in-line citations with the author and the year in parentheses at the end of the sentence; do not include citations in the footers. The full citation should be given on the bibliography page only. Title and bibliography pages should be on their own pages and not share a page with the body of the text and are not included in the page count). Graphs/Charts/Figures MUST be at the very end of the text in an appendix and are not included in page count.
The order of the paper should be: Title page, Body of the paper (4-5 pages), Appendix (any graphs/figures/images/charts), Endnotes (if needed), Bibliography
Put your page numbers in the header of the first page of text (skip the title page), beginning with page number 1. Continue numbering your pages to the end of the bibliography.
Requirements: Answer the question by following the instructions
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