HC1072 : Economics and International Trade - Economic Analysis of the Australian Market - Economics Assignment Help

Assignment Task :

Purpose of the assessment (with ULO Mapping)

To complete this assessment, students are required to:
1. Develop a broad understanding of the principles of macro and microeconomics in an economy.
2. Analyse economic environment nationally and internationally and its influence on business and national economic performance.
3. Critically analyse government’s fiscal and monetary policy and their influences on the economy and business in general.
4. Comprehend how economies benefit from international trade.
5. Synthesize theoretical and practical knowledge of economics for application in work-life situations.

Assignment Specifications Assignment Tasks 

The assignment task is a written analysis of any published article regarding the Australian Market (newspaper, magazine or website) from 01 Jan 2020 and onwards. Your task is not to research and provide data. You are instead ask to analyse an event using your knowledge of economic principles. You will be required to apply the economic concepts you have learned in class to interpret events reported in your article. 

Task 1: Choose your article. The first come, first served rule will apply. No two persons can use the same article for the assignment. Register your article by 

a) HC1072 Individual Assignment by Name, Student ID

b) Article Name/Title

c) Date Published and Author/Writer A response will be sent. It will indicate, APPROVED or NOT APPROVED. Do not start your work unless you have the email response. 

Task 2: Ensure that a full printed copy of your article is saved as part of the Appendix of your paper. Deductions will be applied if the printed copy is not provided. 

Task 3: Microeconomic Analysis (Part 1) – for submission on Week 8 In this part of your assessment, you will analyse the event reported in your chosen article based on microeconomic concepts learned in class. Ensure that you have the full print out of the article in the Appendix of your paper. 

Questions Event/Product/Company Description 

a) Elaborate on the event being reported in your chosen article. Why did you choose to analyse this event?

b) What are the products and services being sold? What is the significance to the Australian Economy of the product/service? 

c) Who are the parties involved? Identify who is the supplier and who is the consumer in the event.

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