Market structures

Q • 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 - Following are the good sources of the articles: • BRW

• Economist

• Australian Financial Review

• Australian

• Sydney Morning Herald

• RBA/ABS

• Proquest or any other data base