Costs of production in manufacturing industry in Australia

Postgraduate Program HI5003 Economics for Business

DETAILED INFORMATION ON SUBJECT ASSESSMENTS

Individual Paper Assessment criteria

Due: ASSESSMENT Weighting:

2 Length:

Week 4 (FRI) BM Session 1

15%

Maximum 1000 words

Newspaper Analysis (Written report): 15%

1) Choose a topic from Microeconomics 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

The essence of the story (1 to 2 paragraphs): Introduce the issue, who is interested in it and why.

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.

Explain your view (1 to 2 paragraphs): Explain what actions you would recommend to the key players and/or policy holders.

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.

Marking Criteria

1) Critical thinking skills

2) Clarity of writing and ability to express your ideas

3) Ability to use economic concepts and theories in the context of the news article.

4) References at the end

TOTAL 15%