Macro & Micro economics

It should be handed in using University procedures. Specify your student number on the coursework. Some indicative, though not exhaustive, references are given below each essay/question. You should use at least one textbook in producing your essay (answering the question). It is advised that you consult more than one textbook as some do not cover a topic as much as others. You may also wish to refer to journal articles although this is not essential.
1)Using economic analysis, contrast the relative merits of the following measures that may be employed to control pollution: taxes, legal regulatory limits and tradable emissions permits.
GLS, Ch. 16; P, Ch. 18; Ch. 18; Ch. 34.
Hoel, Michael (1998) “Emission Taxes Versus Other Environmental Policies.” Scandinavian Journal of Economics, 100, 1, 79 – 104