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.
- Elasticity of demand/supply
- Cost and Revenue
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 attach the copy of the articles with your essay. Also attach the safe assignment report with your essay.
– Upload the soft copy on BB by FRI 5pm week 6.
– You also need to submit hard copy of your assignment on FRI by week 6.
– You need to use the following sources for the articles to explain how theory (see above topics) works:
- Economist
- Australian Financial Review
- The Australian
- Sydney Morning Herald
- Some Academic research
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: You must use 2 to 3 academic articles for this assignment (theory).
