HI5003
Economics for Business
Tri2 2014

Topics for Individual essay DUE Week 6

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
- You need to attach the copy of the article with your essay. Also attach the safe assignment report with your essay.
- Upload the soft copy on BB by MON 5pm week 6.
- You need to submit your assignment on LVL 6 on MON (week 6)

- Following are the good sources of the articles:
• BRW
• Economist
• Australian Financial Review
• Australian
• Sydney Morning Herald
• RBA/ABS
• Proquest or any other data base