+1-617-874-1011 (US)HI5003 Economics for Business
Topics for Individual essay
Choose any One topic from the following list:
- Scarce resources- which resource and in which country/industry and what are being done in the industry or country
- Opportunity cost – faced by any company or country or government in choosing something and leaving other alternates
For example – delay in setting up broad band in Australia or not building up infrastructure like high speed rail, roads, housing or ports etc
- Micro economics – study of individual behaviour – individual industry like education, meat industry, tourism and agriculture.
- Gains from trade – increased production and becoming specialised in certain industries. Australia or any country
- Comparative advantage/Absolute advantage -
- Free Trade agreement with Japan and Korea and its affect on Australian economy, jobs and GDP.
- Demand and supply of certain resources or products/services in Australia or world wide or factors other than price which affect demand and supply
- Elasticity of demand, Income elasticity and cross elasticity
- Costs of production (Fixed costs, Variable costs, Marginal costs etc)
- Market structures like Monopoly, Duopoly, Oligopoly and Monopolistic competition
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=
- More marks for research – choosing a good article on something specific topic from the above list
- Theory should not be more than 300 words
- More marks for application and your comments on the topic
- You need to attach the copy of the article and the safe assignment report with your essay.
- Upload the soft copy on BB
Following are the good sources of the articles:
- BRW
- Economist
- Australian Financial Review
- Australian
- Sydney Morning Herald
- Fortune
- Boss
- RBA/ABS
- Proquest or any other data base
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