Essay Plan for Year 3 Economics BSc Course in Public Economics, Public Finance and Public Policy. The unit is focused on government interventions in the economy, covering topics including externalities and public goods, social insurance in health care and unemployment as well as taxation of commodities, incomes, wealth and businesses. Essay Questions Below The UK levies a Value Added Tax (VAT) of 20% on the sales of most goods. However, most food products are exempt. Discuss whether there are efficiency or equity justifications for a lower tax on food than other goods. Hence, comment on the optimality of exempting most food from VAT.

Theme 1 microeconomics revision notes for Economics A level under the exam board Edexcel Economics A in the order of the specification with theory diagrams.