I. Problem statement (The Impact of the Climate Change in Miami about housing crisis and that Miami is going to be underwater soon”): What is happening?

a. Include a brief summary of the environmental/natural resource issue and why it is important.

b. Be sure to clearly identify the attributes of the resource that make efficient allocation problematic.

c. Identify who has standing (the population impacted by this issue and those who are expected to contribute).

II. Preliminary analysis: Is there a solution?

a. If there is a policy, discuss the background and the current state of the policy including how this policy addresses or fails to address the problem at hand (hint: look at the incentive/disincentive structure imposed by the policy).

b. If there is no current regulation, discuss why that may be the case and potential for future governmental intervention or the need to avoid government intervention.

III. Describe the deliverables of this project: how will you present the relevant information?

a. Discuss how you will inform the audience about the topic either via a news article, art project or poster. Be sure to include justification for the project choice.

b. Discuss how your project will communicate economic principles/theories and/or market failure at work.

Be sure to consult the rubric regarding required components. You must collect data from at least three outside credible sources, use in-text citations and include a bibliography with all sources (separate from the two page requirement). Times New Roman, 12 point font, double spaced is preferred.