Choose any One of the topics from the following list:

• Micro economics – study of individual behaviour – individual industry like education, meat industry, tourism and agriculture. Choose any ONE industry in Australia from this list and discuss the reforms been done in that industry.
• Cost of production- in any industry in Australia where costs of production are an important issue and analyse what is being done in the industry. May be the industry is switching to technology or/and some substitutes have been used to overcome this problem
• Demand and supply of certain resources in Australia and factors other than price which affect demand and supply
• Market structures like Monopoly, Duopoly, Oligopoly and Monopolistic competition in any industry in Australia.
• Elasticity of demand/supply
• Cost and Revenue

Note=
– 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 articles with your essay. Also attach the safe assignment report with your essay.
– Upload the soft copy on BB by FRI 5pm week 6.
– You also need to submit hard copy of your assignment on FRI by week 6.

– You need to use the following sources for the articles to explain how theory (see above topics) works:

• Economist
• Australian Financial Review
• The Australian
• Sydney Morning Herald
• Some Academic research

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
• Reference (Harvard Reference Style)

Note: You must use 2 to 3 academic articles for this assignment (theory).