Assignment:
Economics for Business
Choose any One of the topics from the following list:
• Micro economics - study of individual behaviour - individual industry like education, meat industry, tourism and agriculture. Choose any ONE industry in Australia from this list and discuss the reforms been done in that industry.
• Cost of production- in any industry in Australia where costs of production are an important issue and analyse what is being done in the industry. May be the industry is switching to technology or/and some substitutes have been used to overcome this problem !
• Demand and supply of certain resources in Australia and factors other than price which affect demand and supply
• Market structures like Monopoly, Duopoly, Oligopoly and Monopolistic competition in any industry 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
• Reference (Harvard Reference Style)
Note=
- 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 use the following sources for the articles:
• Economist
• Australian Financial Review
• The Australian
• Sydney Morning Herald
• Some Academic research
Note: You must use 2 to 3 articles for this assignment.