Question 1: Write a survey article identifying different models of imperfect competition with their comparative market outcomes. Use relevant literature to discuss efficiency and distributional aspects as well. Which model you think would best fit a goods market is a small economy, and why?

Question 2

Suppose you are the Director of the Department of Welfare responsible for providing unemployment benefits to households. You are to choose one option from cash grants or food vouchers. Which would you select, how will you administer and how would you ensure equity, fairness, efficiency and maximum impact of their welfare program. Justify your selections in a draft a policy paper.

Question 3

Suppose an FDI of $10billion is intending to set-up a private water treatment plant in Canada. The provider intends to sell treated water to households @ $0.20 per liter collected from the source or @ $0.30 per liter supplied within the vicinity of 10km of the factory. The one-off cost of a reusable 50-liter container (which can be owned by the buyer) is $50. Identify the key elements of an environmental CBA that you would require from the FDI as part of initial screening and approval process. Objective: ensure value for money, environmental conservation, sustainability and fair trade practices.