economics 505

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

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