With the necessary economic theories, empirical evidence and evaluation techniques, you are expected to apply them to the policy Feed in Tariffs for renewable generation in Germany. You will combine the knowledge with the understanding of what others have said about how to evaluate the policy as an economist, from the 5 literature reviews written before. You will base your discussion of the following questions on your chosen policy, answering the question by showing how economics and rationale for policy.
- How does economics help determine whether policy intervention is needed or not?
- How does economics theory, empirical analysis and literature help guide policy makers in the design of policies?
- How does economics inform the way that policymakers evaluate the effectiveness of policies?
- What others factors should policymakers taken into account when deciding whether to introduce policies and how to design them, recognizing the limitations of economics.