Postgraduate Program HI5003 Economics for Business DETAILED INFORMATION ON SUBJECT ASSESSMENTS...

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Postgraduate Program HI5003 Economics for Business DETAILED INFORMATION ON SUBJECT ASSESSMENTS Individual Paper Assessment criteria Due: ASSESSMENT Weighting: 2 Length: Week 4 (FRI) BM Session 1 15% Maximum 1000 words Newspaper Analysis (Written report): 15% 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. PL see the additional guidelines provided for this assignment. 2) Evaluate the article using Economic concepts. You should include x The essence of the story (1 to 2 paragraphs): Introduce the issue, who is interested in it and why. x 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. x Explain your view (1 to 2 paragraphs): Explain what actions you would recommend to the key players and/or policy holders. x 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 and upload on BB by that time. Marking Criteria 1) Critical thinking skills 2) Clarity of writing and ability to express your ideas 3) Ability to use economic concepts and theories in the context of the news article. 4) References at the end TOTAL 15%
	
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Individual Paper Assessment criteria
Due: Week 4 (FRI) BM Session 1 
ASSESSMENT 
Weighting: 
15% 
Length: 
Maximum  1000 words 
2 
Newspaper Analysis (Written report): 15% 
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.
PL see the additional guidelines provided for this assignment. 
2) Evaluate the article using Economic concepts. You should include
x The essence of the story (1 to 2 paragraphs): Introduce the 
issue, who is interested in it and why. 
x 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. 
x Explain your view (1  to 2 paragraphs): Explain what actions you 
would recommend to the key players and/or policy holders.  
Postgraduate Program HI5003 Economics for Businessx 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 and upload on BB by
that time.
Marking Criteria 
1) Critical thinking skills
2) Clarity of writing and ability to express your ideas
3) Ability to use economic concepts and theories in the context of the
news article.
4) References at the end
TOTAL 15%

David · Accepted Answer

Monopolies, Duo Poly and Oligopolies in Australia
Monopolies in Australia: 
According to current paper authored by Shadow Assistant Treasurer Dr Andrew 
Leigh and Adam Triggs (a doctoral scholar at the ANU's Crawford School of Public Policy) 
find out, the well recognized be little of resistance in the banking and hypermarket sectors is 
mirror by a comparable quantity of attentiveness in a numeral of another Australian 
industries, as well as newspapers, local airlines, fitness insurance, subdivision stores, internet 
service providers, baby food, and beer. 
As per the authors, over 80% of the market is forced by the major 4 firms in each 
these industries. 
And at what time it comes to petrol, cinemas, liquor retailers, telecommunications, 
bottled water and fruit juice, the biggest four providers control a similarly robust two-thirds 
(or 66%) of the market.  
If attention is distinct by the four largest firms controlling one-third or more of the 
market, over half the industries in the Australian marketplace are rigorous.
Duopoly in Australia: 
 Australia's have huge duopoly is accurately pathological Sonic and Primary.  
If we talk about Sonic Healthcare, with a marketplace contribute to of 43 percent, and 
Primary Health Care, by means of 34 per cent. 
On standard, Australians take delivery of five pathology tests in a year, but it's not the 
patients who are Sonic and Primary's customers but the referring doctor. In an industry where 
severe technological standards power constancy between services, these two companies 
inspire doctors the old fashioned way with financial incentive. 
Pathology labs insincerity lawfully pay kickback to health centre for referrals but for 
the most part medium to large check-up centres have a freedom, from time to time 
immediately a combine of square metres, leased by a pathology group and dedicated to the 
collection of specimens. Sonic and Primary, with their breathing competence and cost 
compensation, could afford many superior rents than smaller operators and so rents rose 
radically.
Oligopoly in Australia:

Postgraduate Program HI5003 Economics for Business DETAILED INFORMATION ON SUBJECT ASSESSMENTS Individual Paper Assessment criteria Due: ASSESSMENT Weighting: 2 Length: Week 4 (FRI) BM Session 1 15%...

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