Your task is to develop an economic inquiry into free trade OR protectionism. You are to argue which of these economic perspectives is most appropriate for Australia in the current economic climate. Your inquiry should exemplify the analytical and evaluates skills that you have developed throughout the course. Relevant data should be selected and used effectively to support your ideas and the criteria on which you base your conclusion should be clear.
So that your inquiries spans the depth and breadth of the dimensions upon which you will be assessed you should reflect on this structure before determining how you wish to proceed.
1. Clearly outline which perspective on international trade policy you will advocate. As part of this, you will need to clearly outline and apply the economic arguments in favor of your preferred trade policy. Use economic models, theory and specific examples where you can to support your argument. (Dimension 1)
2. Select and use data in a discerning manner to support your economic arguments and underpin your inquiry. (Dimension 2)
3. Critically appraise and examine your arguments so that your conclusions and recommendations convey economic meaning. (Dimension 3)