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
– 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