Economic Theory and Policy

Order Description
Instructions for the essay will be uploaded separately.

However these points have to be taken into consideration:

1. Non of the policies suggested ( 1 or 2 ) are implementable because welfare can not be fixed if using these policies. therefore after showing this a new policy suggestion should be made.

2.What can be done to make it implementable? for this we need the concept of CV

3. For policy 1, 9 graphs should be used
For policy 2, 6 graphs should be used
graphs include ( income consumption curve, engel curve, indifference curve, budget line, demand curve, price consumption curve

4. expenditure shares are fixed that is why its kurt douglas ( use share equation)

5. find out optimal bundle using share equation

find out optimal utility for all graphs.
the essay has to be at least 2400 words excluding graphs references and appendixes.

and graphs and equations have to be hand written or drawn and then scanned and used as appendixes in the essay.