June 3rd, 2022 
Question: Using comparative static analysis, explain what is meant by planning gain in terms that would be understood by the general public or by non-planning experts. How can we tax development value, and what are the likely effects of taxation on the land market?
Please cover the following points in the answer.
Planning Gain-Taxation
Policy intervention Regulating Markets
Taxation- types
Economic rent and transfer earnings (with diagram)
Planning , land markets and the case for taxation
Planning gain, Redistribution of Taxes, Land Value Capture, Betterment taxation
Impact of the taxations
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