HI5003 – Economics for Business & Assessment Task


              Economics for Business

                     Tri2 2015         

       Topics for Individual essay   DUE Week 6

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.

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)


  • 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 LVL 6 on FRI by week 6.
  • You need to use the following sources for the articles:
  • Economist
  • Australian Financial Review
  • The Australian
  • Sydney Morning Herald
  • Some Academic research

Note: You must use 2 to 3 articles for this assignment.

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