HI 5003 Economics for Business Tri1 2014 Topics for Individual essay DUE Week 7 Choose any One..
HI 5003 Economics for Business Tri1 2014 Topics for Individual essay DUE Week 7 Choose any One.. HI5003 Economics for Business Tri1 2014 Topics for Individual essayDUE Week 7 Choose any One topic from the following list: · Scarce resources- which resource and in which country/industry and what are being done in the industry or country · Opportunity cost – faced by any company or country or government in choosing something and leaving other alternates For example – delay in setting up broad band in Australia or not building up infrastructure like high speed rail, roads, housing or ports etc · Micro economics – study of individual behaviour – individual industry like education, meat industry, tourism and agriculture. · Gains from trade – increased production and becoming specialised in certain industries. Australia or any country · Comparative advantage/Absolute advantage - · Free Trade agreement with Japan and Korea and its affect on Australian economy, jobs and GDP. · Demand and supply of certain resources or products/services in Australia or world wide or factors other than price which affect demand and supply · Elasticity of demand, Income elasticity and cross elasticity · Costs of production · Market structures like Monopoly, Duopoly, Oligopoly and Monopolistic competition 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= - More marks for research – choosing a good article on something specific topic from MICRO economics only - Theory should not be more than 300 words - More marks for application and your comments on the topic - You need to attach the copy of the article with your essay - Upload the soft copy on BB - Following are the good sources of the articles: · BRW · Economist · Australian Financial Review · Australian · Sydney Morning Herald · Fortune · Boss · RBA/ABS · Proquest or any other data base