Paper -

Topic is Cost of Production in Manufacturing Industry in Australia.

1) Choose a topic from Micro economics 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.

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).