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Bsb113 Unit 3 Research Assignment

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Words 1706
Pages 7
Name: Benjamin Porter

Student Number: n9380159

Assignment Name: Research Essay – Assignment 2

Unit Code: BSB1133 Tutor: Thamarasi Kularatne

Word Count: 1214

Due Date: 8th May 2015

Research Essay
BSB113 - Economics

May 2015

Table of Contents
1.0 Introduction 1
2.0 The Context 2
3.0 Economic Analysis 3
4.0 Critical Analysis of Alcopops Tax 4
4.1 Success of the Tax 4
4.2 Limitations 5
5.0 Alternative Policies 6
5.1 Floor Price 6
5.2 Education 6
6.0 Conclusion 7 Reference List 8

1.0 Introduction

The British Medical Association notes that alcohol is a psychoactive preparation that, when misused, can cause significant harm to individuals and society (2008). Similarly, …show more content…
Amongst teenagers who drink weekly, 29% of males aged 12-17 had consumed seven or more drinks on one occasion, and 32% of females in the same age group had consumed five or more drinks on one occasion. Alarmingly, alcohol accounts for 13% of all deaths among 14–17year-old Australians and it has been estimated that one Australian teenager dies and more than 60 are hospitalised each week from alcohol-related causes. (National Health and Medical Research Council, 2009).

In Australia alcohol misuse has many externalities to society. An externality is a benefit or cost that affects someone who is not directly involved in the production or consumption of a good or service (International Monetary Fund, 2012). The total cost to society of alcohol-related problems in 2010 was $14.352 billion (Australian Institute of Criminology, 2013). Figure 2: Alcohol Related Problems Cost on Society, 2010 (Australian Institute of Criminology, …show more content…
J., & Lapsley, H. M. (2008). The avoidable cost of alcohol abuse in Australia and the potential benefits of effective policies to reduce the social costs of alcohol.
Retrieved from Australian Department of Health and Ageing.

Crowley, S. and Richardson, J., 1991, Alcohol Taxation to Reduce the Cost of Alcohol Induced Ill Health, Working Paper 4, National Centre for Health Program Evaluation, Monash University.

Department of Health. (2013). National Binge Drinking Strategy.
Retrieved from http://www.alcohol.gov.au/internet/alcohol/publishing.nsf/Content/cli

Government of Western Australia. (2005). Drug and Alcohol Office.
Retrieved from http://www.dao.health.wa.gov.au/DesktopModules/Bring2mind/DMX/Download.aspx?Command=Core_Download&EntryId=1063&PortalId=0&TabId=211

International Centre for Alcohol Policies. (2012). Taxation of Beverage Alcohol.
International Monetary Fund. (2013). Externalities: Prices Do not All Costs. Retrieved from https://www.imf.org/externalities/pubs/ft/fundd/basics/external.htn

Lewis, T. R., & McAfee, R. P. (2010). Flat World Knowledge. Retrieved from Introduction to Economics:

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