1. To what extent does the State continue to intervene in housing markets? How far do current policies related to housing finance reflect these justifications? Use supply and demand diagrams and the material taught on the course, including welfare economics, to support your answer. Identify the financial considerations that housing organisations have to consider when responding to such wider economic issues when developing their business plans.
2. Using historical and recent examples, explain the difference between demand side and supply side subsidies. What are the economic justifications for each? Illustrate your answer with supply and demand diagrams. Identify the financial considerations that housing organisations have to consider when responding to wider economic issues when developing their business plans.

The assessment is made on the following:

– Demonstration of relevant reading (20%)
– Application of economic models (20%)
– Understanding of the issues and the development of the key augments (20%)
– Application to housing organisations (20%)
– Presentation and referencing (10%)
– Use of English (grammar and spelling) (10%)

The standard expected is that all work is presented in good Standard English and all sources must be fully referenced. Poor spelling and sentence construction will be penalised up to 10% of the mark for any individual piece of coursework.

The learning outcomes are linked to the assessment (Please see Appendix A)
General criteria for marks ranges are set out in section 11.