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1) Choose a topic from Micro economics that matters to you and find
a recent news article covering that topic. Following are some of the
topics from where students need to choose ONLY one topic:
- Monopolies, Duopoly and Oligopolies in Australia
- Demand and supply of certain resources in Australia
- Costs of production in manufacturing industry in Australia
- Reforms in Education, Meat, Agriculture and Tourism
Industries in Australia. Choose ONLY ONE industry out of this
list.
PL see the additional guidelines provided for this assignment.
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 (2 to 3 paragraphs): Explain how you can
present the issue in terms of economic concepts and theories
you have learnt in class.
Explain your view (1 to 2 paragraphs): Explain what actions you
would recommend to the key players and/or policy holders.
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) Students need to submit ONLY the Soft copy and upload on BB by
that time.
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.
4) References at the end

Business Economic Concepts

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