Discuss the market structures and ownership that existed prior to 1972 and the ones which emerged after privatisation in 1989. What economic factors contributed to the restructuring of the water industry? custom essay

1. Instructions

The background to the coursework is as follows:
According to the Centre for the study of regulated industry (CRI), the business
structure of the water industry underwent two major changes, one in 1972 and
the other in 1989. The overall structure established at privatisation in 1989 has
not changed dramatically since.2. Guidelines
2.1. Recommended Essay Structure with suggested word count and
headings:
Essay Title
Introduction [200 words] [5 marks]
You should discuss the background to the essay, the aims and objectives of the
essay and your expected findings. You should also briefly discuss how you will
resolve the aims and objectives of your essay.
Market Structure and Ownership Prior to 1972 [400 words] [20 marks]
Use an appropriate graph and or table to analyse;
the characteristic features of the water industry prior to 1972,
its advantages and
its disadvantages
Market Structure and Ownership Since 1989 [400 words] [20 marks]
Use an appropriate graph and or table to analyse;
the characteristic features of the water industry since 1989,
its advantages and
its disadvantages.
Economic factors that led to the restructuring [300 words] [20 marks]
Discuss why it became necessary to restructure the water industry.
Explain the economic benefit/rationale and the beneficiaries.
Conclusion [200 words] [5 marks]
In this section you should answer the question in the task, summarise the findings of
your analysis to explain why this is the answer you are giving and then critically
discuss the extent to which your findings are conclusive.
3
2.2. Additional areas that will be assessed are:
Research, Sources and Referencing [20 marks]
You will need to use at least 5 relevant and reliable sources:
three sources have been provided (see the Reading List and Appendix for
details);
additionally, you will need to conduct your own research and find two more
relevant and reliable sources to support your arguments.
Each of these five sources will be awarded up to 4 marks: 2 marks for accuracy of intext
citation (Harvard referencing system), and 2 marks for providing the full
reference in bibliography (Harvard referencing system).
1/16/2016 Order 229947878
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Marks will be capped at 18 for inaccurate Bibliography, for example, usage of bullet
points or not putting your sources in alphabetical order.
You should not use blogs, Wikipedia, Investopedia, nonacademic
and nongovernmental
websites or other unreliable sources. Inappropriate sources will not
be awarded any marks.
Use ACCAA tool you learned to apply during your Academic English classes to
decide whether you have chosen relevant and reliable sources.
NB: For the purpose of this assignment, mass media sources (e.g. BBC or The
Guardian) are not considered appropriate.
Format [5 marks]
1 mark for each appropriate heading; capped at 5 marks.
Coherence [5 marks]
4
3. Marking Criteria
Your essay will be marked on the basis of the following criteria:
a) Structure [20 marks]
Your essay should have a coherent, consistent and logical structure with
headings for each section. It should start with an Introduction in which you
discuss the background to the topic you will be writing about. In the ‘Introduction’
you should also state your aims and objectives and what your expected findings
will be. The essay should end with a Conclusion in which you answer the
question in the task, summarise your findings and then discuss whether you
think the findings are conclusive or not, and if not, explain why.
1) Introduction – 5 marks
2) Headings – 5 marks
3) Coherency – 5 marks
4) Conclusion – 5 marks
b) Market Structure Prior to 1972 [400 words] [20 marks]
Identification of the market structure. [4 marks]
Characteristic features of the water industry prior to 1972 [4 marks]
Its advantages [4 marks]
Its disadvantages. . [4 marks]
Diagram or table and analysis [4 marks]
c) Market Structure Since 1989 [400 words] [20 marks]
Identification of the market structure [ 4 marks]
Characteristic features of the water industry since 1989 [4 marks]
Its advantages [4 marks]
Its disadvantages [4 marks]
Diagram or table and analysis [4 marks]
d) Economic factors that led to the restructuring [300 words] [20 marks]
Discuss why it became necessary to restructure the water industry. [5 marks]

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