Choose ANY One topic from the following list: - Australia’s stand on Renewable energy - Demand and...

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Choose ANY One topic from the following list: - Australia’s stand on Renewable energy - Demand and supply of ANY resources in Australia which includes human resource also - Oligopoly, Monopoly and Duopoly structures in any ONE or TWO industries in Australia and its affect in the market - Growth in Australian Agricultural sector for Export market - Costs of Production in any one or two industries in Australia 2) Evaluate your chosen topic from economic perspectives. 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 (3 to 4 paragraphs): Explain how you can present the issue in terms of economic concepts and theories you have learnt in class.  Explain your view (2 to 3 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). 3) You may provide graphs/charts/diagrams where necessary to enhance your presentation style. 4) Students need to submit ONLY the SOFT COPY of the assignment and upload on BB by that time. 5) References (between 4 to 6 which includes academic and news and media)

Shanaaya · Accepted Answer

Growth in Australian Agricultural sector for Export market
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Introduction
The industries which have been considered to be discussed in detail in this paper are the agricultural sector and the mining, oil & gas industry (Blackledge, 2014).  It has been estimated and valued that Australia's agricultural sector has contributed a record of $ 63.8 billion. This record is unbreakable and is growing and remains unmatched even after looking at the figures of last five years. As per the statistics of the annual Australian Bureau of Agriculture and Resource Economics and Sciences (ABARES), it has been forecasted that the gross value of Australian farm production would be at peak of the year 2017-18 and this would remain high for the next five years. In the Agriculture industry, it has been recorded that the wheat and the barley harvests are key drivers which are making & contributing to the growth of the valuable farm per year along with the inclusion of the livestock production which is estimated and forecasted at a high of 2.6 percent with respect to past years. Currently, the export values are forecasted to increase due to the driven force of the increased crop production. It is estimated that Australia's farm exports would be valued at a new record of the $ 48.7 billion in the year of the 2016-17 and in the previous year it was $ 1 billion higher. The next industry is the Mining, Oil & Gas industry which has recorded a 7% of the total GDP  and an estimated of the USD 122 billion in the year of the 2016-17. 
The global turbulence with the anticipated slowing Chinese economy along with the uncertain factors governing the policy direction in the U.S. and with the potential risks within the dimensions of unpredictability in Europe has made the Australian economy to come as a super economic global power. the industry is estimated as a strongly export-oriented minimal processing onshore which has accounted for the 50-60% of the total national exports. Australia ranks 5th in the global top producer in which it has a high contribution of the iron ore, gold, nickel, zinc along with the fourth largest uranium and black resources (Kring,

Choose ANY One topic from the following list: - Australia’s stand on Renewable energy - Demand and supply of ANY resources in Australia which includes human resource also - Oligopoly, Monopoly and...

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