Discussion:
• Scarce resources- which resource and in which country/industry and what are being done in the industry or country
• 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.
• Gains from trade - increased production and becoming specialised in certain industries. Australia or any other country
• Comparative advantage/Absolute advantage of any country in any industry and why/how
• Demand and supply of certain resources or services in Australia and factors other than price which affect demand and supply
• Costs of production (Fixed costs, Variable costs, Marginal costs etc)
In any one industry in Australia or overseas.
• 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
Note=
- Need to show 2 to 3 articles from the following sources by Week 4 so that right article/topic can be chosen for your essay.
- 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