Assessment Task

Your topic will be an ongoing issue in the Australian economy. The topic will be given to you by the end of Week 2 at the latest. You are required to identify, discuss and analyse the core microeconomic contents and write a report covering all the relevant concepts discussed in class. You will only focus on microeconomic environment to address the issue. Your report should have sound academic references (minimum 6 references); your references cannot be from blogs. The purpose of this assignment is to test:

your understanding of the basic and core Microeconomic concepts besides,

your ability to analyse and apply the core concepts to the current issues affecting the Australian economy from a Microeconomic perspective

your ability to use relevant theories and diagrams to support your answer

The assessment task should include the following key elements:

- You are required to analyse an ongoing contemporary economic issue using the microeconomic concepts covered in class. You will need to support your explanation using appropriate diagrams to display your clear understanding.

Context

You are expected to submit this assessment 1 at the end of Week 6 of the trimester. You are required to draw links between the scenario, the learning resources and any other discussion that may you may have had in class. You are encouraged to clearly display your understanding of the core microeconomic concepts.