How companies and countries are becoming specialised in


Micro Economics - Individual Industry Reforms in Australia - which include government competition policy, labour reforms and labour laws, minimum wages, training and education and technology (broad band). Individual industry like Education, Meat industry, Agricultural, Mining, Financial planning, Downfall of Car industry in Australia , Manufacturing and Tourism

Comparative advantage - How companies and countries are becoming specialised in certain industries to compete and expand their businesses. Compare Australia with any other two countries (one developing and one developed)

Market structures like Monopoly, Duopoly, and Oligopoly. Choose any two industries in Australia and their market structures. Problems and benefits to consumers and companies or any other stakeholders. For example Duopoly in supermarkets Coles and Woollies creating a lot of debate in Australia in regard to their market power.

GDP- Compare Australia with any other two economies and discuss their GDP last 2 to 5 years and factors affecting their GDP

Unemployment - Compare Australia with any two other countries (one advance and one developing) and discuss various types of unemployment and its causes and government policy on unemployment.

Inflation - Compare Australia with any two other countries (one advance and one developing) and discuss inflation and causes and government policy on inflation.

Monetary Policy - Compare Australia with any other developing country and their monetary policy during last 3 to 4 years. What are its affects and its problems?

Carbon Tax/Emission Trading scheme - Compare Australia with one of these countries or group of countries like Europe, USA and China/India and discuss the similarities or differences in ETS and its affect on the economy.

Economic Growth - Compare Australia with any two countries and discuss their economic growth during last 5 years and its effects on the society. (both positive and negative)

Australian Budget in May for 2014. Discuss the various aspects of expenditure and revenue in the budget. Comment on various stakeholders' reaction to this budget like Businesses, Consumers, Employees, Social welfare groups and Industry etc.

Structure of the Essay

• Introduction - which topic 300 words
• Body- Discuss the topic from your secondary research with some theory -2500 words
• Conclusion 200 words

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Business Economics: How companies and countries are becoming specialised in
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