Economics for Business

Due:

Length:

Wednesday 23/08/2017 00:00 Australia Time

1200 words

Use below creteria to explain the topic

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.

References at the end

Newspaper Analysis (Written report):

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.

DETAILED INFORMATION ON SUBJECT ASSESSMENTS

2

 Explain how the above analysis supports your conclusion (1 to 2 paragraphs).

3) You have to provide graphs/charts/diagrams where necessary to enhance your presentation style.