Choose any One of the topics from the following list:
• Scarce resources- which resource and in which country/industry are seen as scarce and what is being done in the industry or country. What substitutes have been used to overcome this problem
• Micro economics - study of individual behaviour - individual industry like education, meat industry, tourism and agriculture. Choose any ONE industry from this list and discuss the reforms been done in that industry.
• Comparative advantage/Absolute advantage of any country in any industry and why/how
• Demand and supply of certain resources in Australia or any other country and factors other than price which affect demand and supply
• Market structures like Monopoly, Duopoly, Oligopoly and Monopolistic competition in Australia.
Structure of the Essay
• Introduction - which topic 200 words
• Body- Discuss the topic in the article and with some theory
-700 words
• Conclusion 100 words
- More marks for research - choosing a good article on something specific topic from the above list
- There is no need to explain the theory/concepts in the essay on its own
- More marks for application and your comments on the topic
- You need to attach the copy of the article with your essay.
- Following are the good sources of the articles:
• BRW
• Economist
• Australian Financial Review
• Australian
• Sydney Morning Herald
• RBA/ABS
• Proquest or any other data base