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ECONOMICS FOR BUSINESS
Newspaper Analysis (Written report):
1) Choose ANY One topic from the following list:- Australia's stand on Renewable energy- Demand and supply of ANY resources in Australia which includes human resource also- Oligopoly, Monopoly and Duopoly structures in any ONE or TWO industries in Australia and its affect in the market- Growth in Australian Agricultural sector for Export market- Costs of Production in any one or two industries in Australia
2) Evaluate your chosen topic from economic perspectives. 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 (3 to 4 paragraphs): Explain how you can present the issue in terms of economic concepts and theories you have learnt in class.- Explain your view (2 to 3 paragraphs): Explain what actions you would recommend to the key players and/or policy holders.- Explain how the above analysis supports your conclusion (1 to 2 paragraphs).
3) You may provide graphs/charts/diagrams where necessary to enhance your presentation style.
4) Students need to submit ONLY the SOFT COPY of the assignment and upload on BB by that time.
5) References (between 4 to 6 which includes academic and news and media)
Verified Expert
This assignment concerned with the Australian agricultural export market and how it has helped the economy. Australian agriculture has been one of the major contributor to its export and GDP but over the reasons due to climate dependence and variations it has not been consistent. The volatility is a major source of concern as it can affect the exports negatively. The assignment wanted recommendations which the farmers, government, supply chain organisations can take. It also wanted detailed study of the break up of different sections of agriculture about their contributions and their challenges.
Marking Criteria 1) Critical thinking skills 2) Clarity of writing and ability to express your ideas HI5003 Economics for Business 3) Ability to use economic concepts and theories in the context of the news article. TOTAL 15%
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