V. Questions: Answer all questions. Limit the total word count of your assignment to less than 3,000 words. You are encouraged to provide necessary graphs, figures and tables with data wherever possible, which are not subject to word limit. Please be careful in implementing referencing styles.
1. In your own words, summarise the article. What is the main message of this article? [8 marks]
2. According to Authors, “Our current assessment is that leaving the EU would be likely to impose substantial costs on the UK economy and would be a very risky gamble.” (page 2 of 10)- in light of the article and based on your own research, please explain why the authors suggest
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so. Can you provide a justification for the creation of European Union (hereafter EU) at the first place? [8 marks]
3. The article argues, “The general rule is that if a country like Britain were to cherrypick and discriminate against individual EU member states, the EU would at least threaten to retaliate” (page 7 of 10). Do you think that Britain, as a non-member of EU, will co-operate with the EU? Explain. [ 8 marks]
4. Does Brexit have any impact on Australian Economy? Explain. [8 marks]
5. Do you think that the global economy might slow down because of Brexit? Explain. [8 marks]

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