Choose any One of the topics from the following list:
• 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