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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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