Discussion:
1) Choose a topic from Microeconomics that matters to you and find a recent news article covering that topic.
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
2) Evaluate the article using Economic concepts. You should include
• The essence of the story (1 to 2 paragraphs): Introduce the issue, who is interested in it and why.
• The economic analysis (3 to 4 paragraphs): Explain how you can present the issue in terms of economic concepts and theories.
• Explain your view (2 to 3 paragraphs): Explain what actions you would recommend to the key players and/or policyholders.
• Explain how the above analysis supports your conclusion (1 to 2 paragraphs).
3) You may provide graphs/charts/diagrams where necessary to enhance your presentation style.
4) You need to attach a copy of the article with your assignment.
5) Marking Criteria
1) Critical thinking skills
2) Clarity of writing and ability to express your ideas
3) Ability to use economic concepts and theories in the context of the news article.
1000 words with Harvard referencing 8-10 as well as attach article and news latter also web page copy as a assignment proof 3-4 for teacher.