Conclusions

Points to evaluate/consider

How does the impact change in the long run/short run → eg a policy may benefit in the short run but is the impact long lasting/does it tackle the root of the problem

Who are the winners and losers → do producers benefit or do consumers benefit → does the impact vary based on income (inequality)

Equity and fairness arguments → is this the right thing to do → peoples opinions vary based on moral and political biases

Consider viewpoints of different economists → eg free market economists believe that the market forces should be left alone to achieve the most efficient allocation of reasources

Government failure → risk of imperfect information or other types of govt failure

Ceteris paribus → depends on if all things are consistent → not realistic in real world