Principles of Microeconomics 1
Semester 1 2010
Group Assignment
LAKE BONNEY SE
Lake Bonney (Kimberly-Clark Australia November 2003)
Lake Bonney in the South East is a coastal lake about 10 km south of Millicent, South Australia. At over 23 km long, it is one of Australia’s largest freshwater lakes.
澳洲dissertation網For over 60 years, large volumes of wastewater from pulp and paper mills have adversely affected the health of the Lake. Recent technological upgrades and modifications to the mills have significantly improved the quality of wastewater discharged into the Lake. Monitoring by the Environment Protection Authority has revealed that the Lake water quality has improved in recent years but there is still a long way to go.
http://www.environment.sa.gov.au/mapland/pdfs/lb_surr_env.pdf
Use the links you will find on MyUni to get information regarding the discharge of pollutants into Lake Bonney and answer the following questions based on this information. In your answers, marks are awarded for the analysis of the questions using the models and graphs you have studied this term.
Questions to consider.
a) The Indenture Act passed by the state government in 1964 allows Kimberly-Clark pulp mills to discharge wastewater into drains that flow into Lake Bonney with impunity. Explain why this is unlikely to achieve an efficient outcome for the use of the lake as a resource.
b) During 2008–09, the EPA introduced a new licence fee system based on a ‘polluter pays’ principle. One component of the new fee structure is the resource efficiency fee that comprises a load-based fee for the discharge of pollutants in sensitive areas. How would this fee impact on Kimberly-Clark and the level of harmful waste it discharges from its mills into Lake Bonney?
c) An alternative approach to a charge on the level of waste is to use a Pigouvian tax on the pulp produced by the Kimberly-Clark mills. How would a tax on the paper pulp produced by the mills achieve an efficient outcome?
d) The Environmental Protection Authority (EPA) is the branch of government responsible for monitoring and regulating the health of the lake. Explain why this is service of 'monitoring and regulating' is provided by the government and not left entirely to the private sector. With government provision will the community necessarily get an efficient level of this service supplied?
This assignment should be done as a group consisting of up to four people. Although it is not compulsory, if you submit the assignment the mark will count; it is not redeemable.
The limit is 1,500 words, double-spaced typing, plus diagrams and graphs.
Assignments must be submitted as a word document by only one member of the group with the name of the document being the email name of the person submitting.
The due date is 8:00 pm on Monday 17th May.
This assignment is worth 20 percent of the final grade.#p#分頁標題#e#
For equity reasons, the tutors will not discuss questions on subjects relating to the assignment topic. If you have difficulty understanding the material or interpreting the question you can discuss this in the course discussion board on MyUni.
Mark scheme and assessment criteria.
The assignment will be marked out of 25. The structure of your assignment answer has been determined, in the main, by the sequence of questions that has been set. Each part of the assignment will be marked out of 5 based on the assessment criteria given in the table below. There will be a further 5 marks for organisation.
ASSESSMENT - ASSIGNMENTS
Content
The answer addresses all parts of the question and content is factually correct
The answer addresses most parts of the question and content is factually correct
The answer does not address the question or the content is incorrect
澳大利亞畢業dissertationStays focused on the question that has been asked, does not include unnecessary information or go off on tangential issues
Content is generally focused but may contain irrelevant information
Content is not focussed and contains irrelevant information
Critically analyses and makes valid judgements
http://www.ttc-switch.com/thesis_sample/Statements draw on evidence and supporting arguments and an explanation given of how they are related to the question
Where necessary has elaborated or qualified to explain but conclusions are not always valid.
No argument only assertions
Organisation
The body of the text and the development of the argument follows a logical sequence.
Introduction and conclusion is linked to the body of the assignment.
Reference list is formatted accurately and sources are cited.
Easy to read and understand.