Evaluate the issue in terms of its microeconomic implication

Assignment Help Econometrics
Reference no: EM131070379 , Length: word count:2000

ASSIGNMENT- 

Title: Critical evaluation of microeconomic impact of any policy or Structural change or cyclical event.

Objective: To critically evaluate the microeconomic implications of a suggested Contemporary issue that affects consumers and businesses in Australia. The evaluation is to be presented as a business report, which needs to include a critical evaluation of why and how consumers and businesses are affected or going to be affected by this particular issue.

Follow the following steps:

1. Choose a suitable topic from the list provided below. Any topic that is not on the list will not be accepted.

2. Critically evaluate the issue in terms of its microeconomic implication in reference to consumers and businesses. Clearly highlight the current and future response strategies of affected parties. Analysis must be logical and evidence based. Use journal articles, government and business reports and media reports to support economic theories and your personal opinions and ideas. A good report will be backed by sufficient evidence.

3. The structure of the report should be based around the following headings:

Executive summary: This part includes a general overview of the whole report. Therefore, briefly write the background, purpose, scope, and limitations of the report including the method that is used, important findings, conclusion and recommendations. However, the section should be very brief.

Introduction/Background: This section should orientate the reader to the whole document. Therefore, provide a clear description of the issue that you have selected, highlight the sectors of the economy such as firms, businesses and consumers that are affected by the issue. Identify appropriate economic variables for your analysis such as impact in production, profit, investment, price, consumption, risk factors etc. Also highlight the purpose and rationale of the report.

Evaluation: This part is the main part of the report. You have to critically analyse and evaluate all the relevant components very clearly by providing sufficient evidence. Provide a description of how the sectors of the economy have responded and may respond in future, whether or not their response has achieved the outcomes intended and whether there were any unintended consequences arising from their response. Although, this section is the body of the report, the information should be presented as economically as possible so that you can encompass a range of relevant components within the given word limit.

Conclusion and recommendation: Write a balanced conclusion on the basis of your analysis.

References - Include all references used for the evaluation and report, and cite them correctly using the CDU Harvard Referencing System.

Appendices - Attach any supporting tables, graphs, media releases etc. as appendices at the end. All appendices attached must be referred to somewhere in the report.

4. The report has a limit of 2000 words, which excludes list of references and appendices.

TOPIC:

Recent years have been turbulent times for the Australian airline industry. It has been confronted with a number of factors such as, a market decline in international tourism; raising costs; increased terrorist activities; falling number of travellers choosing to fly with Qantas (around 16%); price and frequency; competition etc.

References-

1. Turbulent Times: Australian Airline Industry Issues 2003 Research Paper No. 10 2002-03

2. Terrorism and the Australian tourism industry by Anthony Bergin and Raspal Khosa. 6 February 2008.

I shall share you some useful link that may help in the assignment. Below are the links:

https://www.businessthink.unsw.edu.au/Pages/Extreme-Turbulence-Ahead-How-the-Airline-Industry-Is-Bracing-for-Change.aspx

https://economicstudents.com/2015/05/the-turbulent-airline-industry/

https://atimes.com/oceania/CE23Ah02.html

2000 words.

Reference no: EM131070379

Questions Cloud

Weight of a plastic sphere of mass : What is the magnitude of a the vertical electric field that will balance the weight of a plastic sphere of mass that has been charged to -3.0 nC? (k = 1/4πε0 = 9.0 × 109 N · m2/C2)
What do the terms inverting and non-inverting mean : Calculate the ideal IT, IE,Vc for the differential amplifier shown in the diagram. Repeat the calculations using the second approximation. Show all work and record the final answers in the table.
Right thickness for canceling red light : Suppose the thickness of an oil film on water is just the right thickness for canceling red light. what color would your eye see? Why?
Applications of multirate digital signal processing : ELEC 0316-SPRING - Discuss the applications of Multirate Digital Signal processing or Explain the need of Multirate Signal Processing with suitable Example.
Evaluate the issue in terms of its microeconomic implication : ECO503-ECONOMIC STATISTICS. Critically evaluate the issue in terms of its microeconomic implication in reference to consumers and businesses. Clearly highlight the current and future response strategies of affected parties
Unemployment regulations and benefits : Paper viewpoint: Unemployment regulations and benefits should be changed for at least these following reasons:-Lax regulations for time limits, leading to unending benefits or secondary welfare system
Computing the mass of the second car : A 9500 kg car traveling at 16 m/s strikes a second car. The two cars stick together and move off with a speed of 6.0 m/s. What is the mass of the second car?
Conservation of momentum of momentum : Can conservation of momentum of momentum relate to action reaction force rule? Explain why.
Fluid deflection angle-power input : The stage efficiency is 0.88. The pressure ratiothrough the stage is 1.5. Calculate the (i) fluid deflection angle, (ii) power input,and (iii) degree of reaction.

Reviews

Write a Review

 

Econometrics Questions & Answers

  Consider the following linear programming problemmin a

consider the following linear programming problemmin a 2bs.t.a 4blt or equal to 212a b gt or equal to 73a 1.5b lt or

  Calculate income transfers from us to rest of the world

given a set of data with years ranging from 1959-1999, GDP in billions, Transfers from the rest of the world, GNP in billions, Growth rate real GDP in %, and popualtion in thousands. I have been asked to calculate income(factor)transfers from the ..

  Would you expect an increase or decrease in total revenue

In an attempt to increase revenue and profits a firm is considering a 4 percent increase in price and an 11 percent increase in advertising. If the price elasticity of demand is -15 and the advertising elasticity of demand is -+0.6 would you expec..

  Explain how gm viewed its marginal revenue product

In 2009 General Motors (GM) announced that it would reduce employement by 21,000 workers. What does this decision reveal about how GM viewed its marginal revenue product (MRP) and marginal resource cost (MRC)

  What is the profit maximizing level of advertising

a. What is the contribution to profits from increasing advertising sales by $1 if Smith Corp. is currently spending between $500,000 and $600,000 on advertising b. What is the profit maximizing level of advertising

  What level of excess reserves does the bank now have

What level of excess reserves does the bank now have?

  The credibility of the resulting conclusions

Conclude situations that present potential ethical and ethical issues, and develop solutions for those issues. Appropriately use effective communication techniques.

  Determine present stream of accounting profits and economy

An owner can lease her building for $100,000 per year for three years. The explicit cost of maintaining the building is $35,000 and the implicit cost is $50,000. All revenues are received, and costs are borne, at the end of each year.

  What would be the cost minimizing combination of capital

Given the following production function with two inputs, Capital (K) and Labor (L), whose input prices are $1 each. Suppose the company needed to produce 50 units. What would be the cost minimizing combination of capital and labor needed

  What is the change in ambers consumer surplus

Suppose that Amber's demand for gasoline is given by G = 1000 - 200PG, where G stands for gallons of gas and PG represents the price of gas. a. Suppose gas sells for $2 per gallon. What is Amber's consumer surplus

  By how much could the banks increase the lending activities

Assume the following data describe the condition of the banking system: Total reserve $200 billion Transactions deposits $800 billion Cash held by pubic $100 billion Reserve Requirement 0.20

  What is the opportunity cost of a pie at bakery 1

a. What is the opportunity cost of a pie at Bakery 1 b. What is the opportunity cost of a cookie at Bakery 2 c. Which bakery has a comparative advantage in the production of cookies d. Draw the production possibilities curve showing the combined effo..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd