Hello, can you help me how to answer this essay? What economics theories/examples should I use and how should I relate this to the program?

Details: The Australian government has various programs to incentivize the purchase of Zero Emission Vehicles (ZEVs) or installing various solar energy-based products. Research and critically evaluate these programs/schemes using relevant statistics and economic concepts covered in the course. Comment on the Public Policy implications based on your findings.

Research Tips:

Use real-world Australian data

Seek data and descriptive information from official or other authoritative sources (primary source materials).

Draw on the literature using authoritative academic journals and industry publications in addition to newspaper articles.

Use Harvard Referencing Style

Overview:

The objective of this assignment is for you to develop your grasp of economic concepts and your ability to apply them to business situations in order to gain insight into policies.

Economic theories to be covered

• Demand and Supply and their determinants,
• Equilibrium, Efficiency, and Free Market Forces
• Types of elasticities,
• Externalities,
• Market Failures,
• Government intervention via Tax and Subsidies, Ceilings and Flooring, etc

Assessment Criteria

In particular, the assignment will ask you to demonstrate your ability to:

identify phenomena suitable for economic analysis

conduct independent research about such phenomena and the applicable economic theory

build and employ appropriate economic models and theories to represent and examine these

perform correct analysis of the models and make correct inferences from their analysis

use the analysis to generate relevant and appropriate policy or practical insight

present written economic ideas and analyses effectively