HI5003 - Economics for Business Report

Purpose:

This assignment aims to enhance students’ research and analytical ability through the application of their economic knowledge in the unit to compose a report.
The recommended assignment structure is as follows:

Study ONE of the following industries in Australia and its associated issue as indicated in the bracket () below:

• Banking sector (and the recent Royal Commission into misconduct in the Banking, Superannuation and Financial Services Industry)
• Agricultural production (and the recent 2018-2019 drought)
• Property market (and the recent correction starting in 2017)
• Mining industry (and the resource boom from 2003 to 2016)

1. Component 1: Written report

Write a report about the industry and its associated issue. The report should include:

• A background of the industry.
• The market structure that characterises the industry.
• A summary of its associated issue as mentioned above.
• An analysis of the impacts of that issue on the industry and on the Australia economy. Note that while empirical evidence and quantification of the impacts are strongly recommended upon available data, such impacts can be more generally analysed using the market demand and supply model or the aggregate demand and supply model.
• A policy of the government to intervene into the market and helps to stabilize it. Provide a brief evaluation of that policy.

The report should use a variety of resources, including the textbook, newspapers, industry reports, the ABS website, and other sources.

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