Issues of the Underground Economy Essay help
The Ohio State University
Economics 4597.01, Issues of the Underground Economy
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I have uploaded several articles dealing with the related topics of big city rent control, condo conversion moratoria, and arson fires. They are in a labeled folder within the Files tab on Carmen/Canvas. As you read the articles, you should be able to figure out how these topics are related and what they have to do with the underground economy.
Once you have developed a sufficient understanding of the background, I would like you to write a 2-3 page description of the public policy issues involved. Please use the structure presented at the end of the last lecture – the one that I am recommending you use to guide your group presentations. Here is a summary of the structure introduced in class:
What?             Describe the basic issue to be discussed; if the underground activity arose                                    because of a governmental restriction, mention that here;
When?            Present a brief background and some history – describe the evolution of                                       the problem and the emergence of the UG business;
Who?              Introduce the suppliers (firms or organizations providing the good or                                            service) and the customers (purchasers of the good of service); mention                                        any other stakeholders involved – government, non-profits, churches,                                            the education establishment, etc;
How?             Discuss the mechanics of operation of this UG activity, as well as the                                           ways in which payments are made;
Where?           Is this an activity that operates locally, nationally, globally? Are there                                          features that restrict it to certain places?
Why?              Offer a judgment about why this is an important issue to be understood,                                       worked on, and hopefully solved; if possible, make recommendations                                           about approaches to ameliorating or eliminating the issue.
This homework is due by noon on Friday, September 9th. For this first assignment, you have two choices for format: Word document Carmen/Canvas upload (.doc format) or typewritten paper document. Subsequent homework submissions are likely to be upload only, to allow use of the TurnItIn integrity checking system. Good luck!