Credit points : 6

Prerequisites : None

Co-requisites :

Subject Coordinator : Harriet.Scott@insearch.edu.au

Lecturer : Harriet Scott, Maruf Mostafa

Tutor :

Deadline : Presentations will take place in your week 5 tutorial Individual responses submitted to Turnitin by 23 rd April

• Work in a group of 3 or 4
• Locate a recent (last 3 months) news story from an Australian news media source. Choose a news story that allows you to apply any of the following microeconomic concepts:
  o Law of demand and/or supply
  o Changes in demand and/or supply
  o Market structure
  o Elasticity
  o Externalities
  o Excise tax
  o Price ceilings/floors
  o Costs of production
  o Price, revenue and profit
• Use your chosen news story to answer the four questions:

  1. What is the main issue presented in the news story?
  2. Who are the key stakeholders that are impacted by the issue?
  3. Explain the economic theories/concepts/diagrams that can be applied to this news story.
  4. Are there any other issues in the news story that you believe to be relevant?

• Give a 6-8 minute group presentation on your article during your week 5 tutorial. Use the four questions to structure your presentation, and use visuals such as PowerPoint or Prezi
• Submit your individually written responses to the four questions to Turnitin by the deadline
• Write about 1000 words.

  Other Requirements
  

• Submit a hard copy of your chosen news story to your tutor in week 5.
• Submit a hard copy of your presentation slides to your tutor in week 5 (print 4 slides per page and include group member names)