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1) Choose a topic from Micro economics that matters to you and find a recent news article covering that topic. Following are some of the topics from where students need to choose ONLY one topic: - Mon

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1) Choose a topic from Micro economics that matters to you and find a recent news article covering that topic. Following are some of the topics from where students need to choose ONLY one topic: - Monopolies, Duopoly and Oligopolies in Australia - Demand and supply of certain resources in Australia - Costs of production in manufacturing industry in Australia - Reforms in Education, Meat, Agriculture and Tourism Industries in Australia. Choose ONLY ONE industry out of this list. PL see the additional guidelines provided for this assignment. 2) Evaluate the article using Economic conce...

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1) Choose a topic from Micro economics that matters to you and find a recent news article covering that topic. Following are some of the topics from where students need to choose ONLY one topic: - Monopolies, Duopoly and Oligopolies in Australia - Demand and supply of certain resources in Australia - Costs of production in manufacturing industry in Australia - Reforms in Education, Meat, Agriculture and Tourism Industries in Australia. Choose ONLY ONE industry out of this list. PL see the additional guidelines provided for this assignment. 2) Evaluate the article using Economic concepts. You should include x The essence of the story (1 to 2 paragraphs): Introduce the issue, who is interested in it and why. x The economic analysis (2 to 3 paragraphs): Explain how you can present the issue in terms of economic concepts and theories you have learnt in class. x Explain your view (1 to 2 paragraphs): Explain what actions you would recommend to the key players and/or policy holders. x 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 and upload on BB by that time.

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Tourism industry in Australia

Australian tourism industry has registered phenomenal growth over the last two decades. With the resource sector’s growth rate declining dramatically due to weak local and global economic conditions, economists were apprehensive about sectors which would shore up nation’s wealth and spur growth and development in the country. The key question which different stakeholders confronted was how can Australian

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