Order Description
1. Identify a current case from recent news that involves a problem of social costs (alternatively, you may select a case from your life, experience, or neighbourhood).
2. Briefly describe the case.
3. Apply two theories of social costs to the case and show how this shapes the analysis and leads to different prescriptions for action.
4. Critically evaluate the strength and weaknesses of each theory.
5. Carefully develop your argument on which theory you deem most appropriate in dealing with real world problems of social costs.