An essay, critically discussing aspects of a Video Case Study Research Paper

Discussing Aspects of a Video Case Study of Either Lucys Story or Sams Story - Research Paper Example â€Å"The support and protection of children cannot be achieved by a single agency†¦ Every Service has to play its part. All staff must have placed upon them the clear expectation that their primary responsibility is to the child and his or her family† (Laming, 1999). Multi-agency approach encompasses a child’s social care services, health, police and voluntary groups, NGOs as well as parent, guardian or school’s mutual interaction. For effective implementation, such an approach requires tools and procedures like early intervention, a common assessment framework, information sharing etc. As such agencies all share the common goal of the wellbeing of the child, therefore, they should cooperate well with each other. Beckett (2007, p.110) has mentioned the list of risks indicators formulated by Greenland which lead to increased likelihood of harm in children. According to him, if parents themselves have been neglected or abused in their childhood, the mother was aged twenty or less at birth of her first born, she is a single parent, divorced, living a socially isolated life, having poor housing conditions, or using excessive alcohol or drugs then the child is likely to get affected. Similarly, the history of the child being neglected before age five or having prolonged separation from the mother is indicative of potential safety risks to the child. Most of these risk indicators are prevalent in Lucy’s case. Her mother was single, living a socially deprived life in poor vicinity. Being a drug addict she posed the real threat to her children.

Cost Benefit Analysis Math Problem Example | Topics and Well Written Essays - 3000 words

Cost Benefit Analysis - Math Problem Example Asymmetric information can lead to disappearance of markets or rather inefficient allocation of resources, which causes the deadweight loss (Brent 98). A deadweight loss can be illustrated on the basis of the following graph. In the absence of government interventions from asymmetrical information, the market is likely to be inefficient thus causing a consumer surplus gain represented by CFEG and a consumer surplus loss represented by DGB. The graph CFEG+GEB represents the producer surplus. Therefore, the deadweight loss in this respect will be represented by DGB+GEB. Therefore, in the absence of the government interventions in a market with asymmetrical information, there is likelihood that the market will experience a deadweight loss represented by the graph DGB+GEB. b. Briefly describe a policy that could partially or entirely eliminate the deadweight loss resulting from information asymmetry. Solution: Deadweight loss results from the inefficiencies within various markets especia lly with respect to asymmetrical information. Efficient markets need symmetrical information to both buyers and producers. In the event that one party has more information than the other then there is likely to be inefficiency within the market, which definitely leads to deadweight loss. Nonetheless, various government policies can be employed in order to eliminate the deadweight loss resulting from information asymmetry (Brent 79). One such government policy is provision of adequate information in various sectors through various interventions such as cost-subsidization policies. The cost-subsidization policy will assist in making sure that every individual buyer has adequate information and access to specific services. c. Use the diagram, indicate the benefits, costs, or transfers that would result from implementing your policy (show these areas on your graph) and describe discuss each. Solution: The government’s involvement in eliminating the deadweight loss is likely to yi eld to various benefits, costs, and possible transfers. Through cost-subsidization programmes, the government will enable the customers to achieve social benefits hence reducing costs in respect to acquisition of goods. The following diagrams illustrate how gained social surpluses will assist in eliminating deadweight loss caused by the information asymmetry. In the above figure, the involvement of the government through cost-subsidization has caused an increase in the social surpluses hence making it possible for the elimination of the deadweight loss within an inefficient market. Another graph illustrating the significance in terms of the costs, benefits, and transfers that consumers may derive from government inventions involving the cost-subsidization policy that aims at providing adequate information regarding the market is represented below. This graph provides an illustration of how consumers benefit from the government invention. The benefits are increase in government reven ue on one hand and gain in the consumer surplus. However, the transfer experienced is the shift of surplus from consumers to producers hence bringing about loss or cost to producers as they lose their surpluses. d. Describe any benefits, costs, or transfers that do not show up in your diagram. Solution: Even though benefits, costs, and transfers are illustrated in the above graphs, there are some costs, benefits,