Comparative advantage – How companies and countries are becoming specialized in certain industries to compete and expand their businesses. Compare Australia with any other country.
GDP- Compare Australia with any other economy and discuss their GDP last 2 to 5 years and factors affecting their GDP
Unemployment – Discuss the unemployment rate, types, issues, and government policy of Australia and comment on unemployment in various states of Australia. You need to specify in different regions like NSW, WA, Tasmania, Qld or SA.
Inflation – Compare Australia with any other country from the list which includes Germany, UK, USA,
China, India, Japan, Korea, Indonesia and discuss inflation and causes of inflation and the various government policy on inflation.
Monetary Policy – Discuss Australia’s Monetary policy during the last 3 to 5 years. What are its effects and its problems on the Australian Economy?
Carbon Tax/Emission Trading scheme – Compare Australia with one of these countries or groups of countries like Europe, USA, and China/India and discuss the similarities or differences in ETS and its effect on the economy.
Economic Growth – Compare Australia with any other advanced economy or developing country and discuss their economic growth during the last 5 years and its effects on society. (both positive and negative)
Australian Budget in May 2014. Discuss the various aspects of expenditure and revenue in the budget. Comment on various stakeholders’ reactions to this budget like Businesses, Consumers, Employees, Social welfare groups and Industry, etc.
Structure of the Essay
Introduction – which topic 300 words
Body- Discuss the topic from your secondary research with some theory -2500 words
Conclusion 200 words
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