Economics

Choose any One of the topics from the following list:

·        Scarce resources- which resource and in which country/industry and what are being done in the industry or country  

·        Micro economics – study of individual behaviour – individual industry like education, meat industry, tourism and agriculture. Choose any ONE industry from this list and discuss the reforms been done in that industry.  

·        Gains from trade – increased production and becoming specialised in certain industries. Australia or any other country

·        Comparative advantage/Absolute advantage of any country in any industry and why/how  

·        Demand and supply of certain resources or services in Australia and factors other than price which affect demand and supply

·        Costs of production (Fixed costs, Variable costs, Marginal costs etc)

In any one industry in Australia or overseas.  

·        Market structures like Monopoly, Duopoly, Oligopoly and Monopolistic competition in Australia.

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=

-         Need to show 2 to 3 articles from the following sources by Week 4 so that right article/topic can be chosen for your essay.

-         More marks for research – choosing a good article on something specific topic from the above list

-         There is no need to explain the theory/concepts in the essay on its own

-         More marks for application and your comments on the topic