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HI5003 Economics For Business

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Question 

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. 

2) Evaluate the article using Economic concepts. You should include 
  • The essence of the story: Introduce the issue, who is interested in it and why.
  • The economic analysis: 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.
3) You may provide graphs/charts/diagrams where necessary to enhance your presentation style.
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