HI5003 Economics for Business

 

HI5003

                        Economics for Business

                                    Tri1 2014                   

            Topics for Individual essay  DUE Week 7

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 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 MICRO economics only 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 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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