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Critically Evaluate the Above Quote with Respect of the Following

a) On the 1st September, 2014 new European Union energy rules came into effect for a variety of domestic products including vacuum cleaners. Fully examine the impact of these rules as applied to the case of the UK.
b) Fully evaluate the microeconomic (i.e. include a detailed demand and supply analysis in your answer) of the merit or other of introducing an EPC or the new vacuum cleaner standard.
c) You will need to present appropriately sourced supporting energy data (i.e. BP, IEA, EIA or CIA) showing the energy consumption before and after introduction in the case of Belgium and only the before introduction case in the British vacuum cleaner case study.
d) What do you think the likely microeconomic impact would be if the same EPC or vacuum cleaner regulations were introduced in Australia? Fully explain your answer.


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Part 1 Question 1 Presentation Guidelines

Treat this question as a single assignment paper, which conforms to the following presentation format
• Font Type: Calibri, Font Size: 12, Spacing: one and a half line spacing.
• Include separate an Executive Summary, a Table of Contents, Introduction, the Body of the Report, Conclusion and Reference list starting on a fresh page.
• Charts and tables will greatly assist your presentation. However, all charts and tables must be appropriately titled and consecutively numbered.
• Include appendices if considered appropriate.
• NB: The Executive Summary, Tables and Charts and Appendices do not contribute to the word count.
• Reference list – Your reference list is expected to conform to Curtin’s ENDNOTE Chicago 17th method of referencing. This reference list is to be presented on a separate page at the end of the paper.
Product code: Economics-AW6
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