Micro economics
Choose a topic from micro economics and assessment criteria described in the subject outline and that is assessment 2 and weight of 15% of the overall assessment.
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1) Choose a topic from Micro economics that matters to you and find a recent news article covering that topic.
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 (3 to 4 paragraphs): Explain how you can present the issue in terms of economic concepts and theories you have learnt in class.
· Explain your view (2 to 3 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) You need to attach a copy of the article with your assignment.
5) Students need to submit the hard copy of the assignment with the cover sheet with your signature and also upload on BB by that time.
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1. Organize yourselves into groups. Each group is to have Four or Five members.
2. Groups need to choose a topic from the list of topics provided by the lecturer and write an essay on the chosen topic. (This list is placed under additional readings on your BB)
The list contains some micro and macro areas which would help students to understand the various topics and their relevance in the real life.
3. This group assignment’s will be assessed on the basis of the following criteria:
- The current research on the topic
- Analysis of the topic and the application
- Student’s showing their understanding and current debate by different governments, economists and the industry.
4. Following are the main topics of your research:
- Individual industry reforms
- Comparative advantage
- Market structures (Monopoly, Duopoly and Oligopoly)
- GDP
- Unemployment
- Inflation
- Fiscal Policy
- Monetary policy
- Carbon Tax/ETS
- Economic growth
5. Groups need to come and talk to their lecturer by Week 7 the latest, and advise their chosen topic before they start.
6. Following is the structure of the essay:
- Introduction 300 words
- Body 2500 words discussing and analyzing the research and the application
- Conclusion 200 words. Final comments on the topic and group’s findings (Pl see the list of topics and structure under additional readings)
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