Posted: January 4th, 2017

Demand and supply of certain resources in Australia or any other country and factors other than price which affect demand and supply

Scarce resources- which resource and in which country/industry are seen as scarce and what is being done in the industry or country. What substitutes have been used to overcome this problem  • Micro economics – study of individual behaviour – individual industry like education, meat industry, tourism and agriculture. Choose any ONE industry from this list and discuss the reforms been done in that industry.   • Comparative advantage/Absolute advantage of any country in any industry and why/how   • Demand and supply of certain resources  in Australia or any other country and factors other than price which affect demand and supply      • Market structures like Monopoly, Duopoly, Oligopoly and Monopolistic competition 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 – 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