it should contain:

Clearly identify a policy issue – set out what makes this an important economic policy issue.
l Explain how economic theory can be applied to the policy issue. To do this, you should draw upon relevant literature

and empirical evidence.
l Canvass alternative policy options and critically assess different viewpoints.
l Propose and justify a recommended policy position, or assess the merits of policy alternatives. 

Format

l The essay should be completed in a Microsoft Word document.
l The appropriate length is 2500 words.
l Essays should be structured. There should be a brief introduction and conclusion (remember the length is limited and

excess wordage may be penalised). The general body of the paper should be clearly planned and organised. Headings are not compulsory but may assist you in this, and make it easier for the reader to follow the development of your discussion and argument. 

– Reference and in text citation must be Chicago author date 16th ed reference