In this assignment you are required to write a well-structured essay that addresses the following two tasks:
Task 1: In recent years, governments have faced problems related to the undersupply of houses. As stated by Shelter and KPMG (2015), “Years of undersupply have left a backlog of housing need, manifested in concealed households, rising overcrowding, homelessness and the rise in young adults living with their parents”. By investigating various good quality sources, you should identify and discuss the main determinants that affect the level of supply in the UK housing market. It is expected that relevant graph/diagrams and in-text citations will be used to support your discussion. (70% of marks)
Task 2: Construction is one of the most important sectors in the economy but its environmental impact is often underestimated. By focusing on the environment, you should identify and discuss the most important negative externalities generally associated with the construction industry. It is expected that relevant data and in-text citations will be used to support discussion. (30% of marks)
The key issue in both tasks will be the degree of effort and analysis. A variety of good quality sources are expected to be independently investigated and discussed in your own words.
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