Industrial policy is fashionable again. Explain the rationale for it, using key concepts such as market failure, coordination problems, multiple equilibria and
structural interdependence. What arguments do critics use to reject industrial policy, are they right?
You cannot use any quotes. Everything must be in your own words. (The essay will be checked for plagiarism, all instances will be reported to the Academic
Integrity Committee and I will suggest maximum sanctions).
You must provide references.
Being a google slave can damage your grade. You must use course materials and be guided by their content, not by ‘blue sky’ google searches. Close
familiarity with the course materials is part of the quality criteria. If you use other sources, use reputable academic ones (e.g. from published texts and the
school digital library), do not trust everything you find on the internet. Untrustworthy and poor quality resources are proliferating faster than good ones on the
web and there is an increasing incidence of students getting things wrong by relying on ‘the internet’.
For several questions, you will be asked to form and argue for your own point of view. This is not an opportunity to say just anything you like. You must show
familiarity with and make a critical assessment of the leading theories, as discussed in course materials and class. You should also cite facts and data as
evidence to support your conclusions.