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Organize yourselves into groups of 4 or 5 students and give your group details to your lecturer(s) no
later than Week 6 (for Normal Mode) or Week 4 (For Block Mode 1) and Week 8 (for Block Mode 2).
Late submission of group member list can result in your being unable to submit the group assignment
and awarded a mark of zero for the group assignment.
The assignment has TWO components: a written report (30%) and a group presentation (10%).
Study ONE of the following industries in Australia and its associated issue as indicated in the bracket
() below:
• Banking sector (and the recent Royal Commission into misconduct in the Banking,
Superannuation and Financial Services Industry)
• Agricultural production (and the recent 2018-2019 drought)
• Property market (and the recent correction starting in 2017)
• Mining industry (and the resource boom from 2003 to 2016)

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Find a recent news article discussing a change in market condition(s) of an industry in 2018-2019, for example an observed change in market supply of a good/service or a change in consumers’ taste and preferences for a good/service. The industry must be ONE of the following in Australia: ? Agriculture production ? Property market ? Mining industry Using theories of economics, such as the demand and supply model and determinants of demand and supply, explain the impacts of changing market conditions on the price and quantity of goods or services traded. Support your analysis with market data. The assignment must, as a minimum, include: • an introduction; • a description of the relevant market including the product or service, degree of competitiveness, and market structure that characterises the market for that product or service; • an analysis (including appropriate diagrams) of how changing market condition(s) are influencing, or have influenced, or may influence price and quantity, and • a conclusion. The news article you collect must be attached to your assignment. I have choosen the AGRICULTURAL PRODUCTION and this is the link for the assignment

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1. According to a local politician, there is no need for government intervention when positive externalities are present because no one is being harmed. Comment about this opinion from an economic point of perspective. Use appropriate diagram(s) to illustrate and explain your answer. (22.5 Marks)
2. Why does pay tend to rise with age? Is this fair to younger workers? Use appropriate diagram(s) to illustrate and explain your answer. (22.5 Marks)
3. For what reasons may one country experiences a persistently faster rate of Economic Growth than another? Use appropriate diagram(s) to illustrate and explain your answer. (22.5 Marks)
4. What would be the effect of a fall in money supply on aggregate demand, GDP and inflation? Use appropriate diagram(s) to illustrate and explain your answer. (22.5 Marks)

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Do all countries take advantage of the ‘room to maneuver’ provided by multilateral rules equally; why have some countries had greater success in maneuvering than others? Attempt to give the reader a sense of the puzzle or problem or the ‘tension’ in this question. (c) Explain why the question is significant. How does the question you have devised relate to the topic for that weeks(s) and the broader debates dealt within the course? (d) Give a brief overview of the key issues (theoretical/practical) and identify the main author/s and their positions in relation to the question. If there is a debate over these key issues, explain what this debate is: who are the key authors and what are their core propositions? (e) Pose 2 supplementary questions that logically follow from your critical analysis. readings Dani Rodrik 2011: The Globalization Paradox: Democracy and the Future of the World Economy. New York and London: Norton, pp. iv-xxii, 67-88. Reuters, ‘WTO opens way for Chinese sanctions against U.S. tariffs in Obama-era dispute’, Reuters 17 July 2019, at: https://www.reuters.com/article/us-usa-trade-chinawto/wto-opens-way-for-chinese-sanctions-against-us-tariffs-in-obama-era-disputeidUSKCN1UB1W4 Weiss, Linda 2005: ‘Global Governance, National Strategies: How Industrialized States Make Room to Move under the WTO’. Review of International Political Economy, 12(5), 723-749.

 

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For this assignment, your team will analyze various environments that affect your brand – demographic, economic, natural, technological, political/legal, social/cultural – and will make recommendations for the brand to better respond to the needs and trends you’ve noted in its environment.
Analyzing Needs and Trends in the Marketing Environment
Team Assignment 1 (10–12 pgs.)

1. Demographic Environment
2. What major demographic trends (such as population age mix, growth of ethnic markets, or household patterns) will pose opportunities or threats for your brand? Hint: Look at developments that are occurring outside the company that might affect your brand.
3. What actions has the company been taking in response to these developments and trends?
4. Economic Environment
5. What major trends in consumers’ income, employment, savings, debt, and credit availability will have an impact on your brand? How have recent stock market movements affected the company?
6. What action has the company been taking in response to these developments and trends?
7. Be aware of the financial factors affecting your firm.
8. Natural Environment
9. How have shortages in raw materials, pollution concerns, and/or energy costs affected the brand, and what steps has the company taken to address these concerns?
10. Technological Environment
11. How have the accelerating pace of change and unlimited opportunities for innovation affected your industry? What major changes are occurring in the technology of the product category?
12. What is the company’s position in these new technologies? What are the competitors’ positions in these technologies?
13. Political/Legal Environment
14. What laws now being proposed could affect marketing strategy and tactics for the brand?
15. What federal, state, or local agency actions should be watched? What is happening in the areas of product safety, advertising, or price control that is relevant to marketing strategy?

 

 

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Question 1 
Suppose Mike and Johnson produce two products-hamburgers and T-shirts. Mike produces 10 hamburgers or 3 T-shirts a day and Johnson produces 7 hamburgers or 4 T-shirts. Assuming they can devote time in making either hamburgers or T-shirts

1. Draw the production possibility curves
2. Who enjoys the absolute advantage of producing both?
3. Who has higher opportunity cost of making T-shirts?
4. Who has a comparative advantage in producing hamburgers?

Question 2
Suppose two economies H and F produce two goods, X and Y, with only one input: labour. Production technology implies that unit labour requirements are given in the following table:

amount of labour per unit of output	X	Y
H	6	12
F	4	2

Suppose that H has 2400 units of labour and F has 1800 units of labour.

(a) Derive the Production Possibilities Frontier (PPF) for H and F. What is the autarky equilibrium price ratio in each country?
(b) What is the range of feasible equilibrium world price ratios?
(c) Suppose these countries trade with each other at some feasible world price ratio. Which country exports good X? Why?
(d) Does trade equalize the real return to labour in Home and Foreign? Why?

Question 3
Consider two countries (Home and Foreign) that produce goods 1 (with labour and capital) and 2 (with labour and land) according to the production functions listed below (Table 1 and Table 2). Initially, both countries have the same supply of labour (100 units each), capital, and land. The capital stock in Home then grows. This change shifts out both the production curve for good 1 as a function of labour employed (Table 1) and the associated marginal product of labour curve (Table 2). Nothing happens to the production and marginal curves for good 2.

1. Show how the increase in the supply of capital for Home affects its production possibility frontier.
2. Draw the relative supply curve for both the Home and the Foreign economy.
3. If those two economies open up to trade, what will be the pattern of trade (i.e., which country exports which good)?
4. Describe how opening up to trade affects all free factors (labour, capital, land) in both countries.

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Question 1 
Suppose Mike and Johnson produce two products-hamburgers and T-shirts. Mike produces 10 hamburgers or 3 T-shirts a day and Johnson produces 7 hamburgers or 4 T-shirts. Assuming they can devote time in making either hamburgers or T-shirts

2. Draw the production possibility curves (2.5 marks)

 

2. Who enjoys the absolute advantage of producing both? (2.5 marks)

 

2. Who has higher opportunity cost of making T-shirts? (2.5 marks)

 

2. Who has a comparative advantage in producing hamburgers? (2.5 marks)

Question 2
Suppose two economies H and F produce two goods, X and Y, with only one input: labour. Production technology implies that unit labour requirements are given in the following table:

amount of labour per unit of output	X	Y
H	6	12
F	4	2

Suppose that H has 2400 units of labour and F has 1800 units of labour.

(a) Derive the Production Possibilities Frontier (PPF) for H and F. What is the autarky equilibrium price ratio in each country? (2.5 marks)

(b) What is the range of feasible equilibrium world price ratios? (2.5 marks)

(c) Suppose these countries trade with each other at some feasible world price ratio. Which country exports good X? Why? (2.5 marks)

(d) Does trade equalize the real return to labour in Home and Foreign? Why? (2.5 marks)

Question 3
Consider two countries (Home and Foreign) that produce goods 1 (with labour and capital) and 2 (with labour and land) according to the production functions listed below (Table 1 and Table 2). Initially, both countries have the same supply of labour (100 units each), capital, and land. The capital stock in Home then grows. This change shifts out both the production curve for good 1 as a function of labour employed (Table 1) and the associated marginal product of labour curve (Table 2). Nothing happens to the production and marginal curves for good 2.

2. Show how the increase in the supply of capital for Home affects its production possibility frontier. (2.5 Marks)

 

2. Draw the relative supply curve for both the Home and the Foreign economy. (2.5 marks)

 

2. If those two economies open up to trade, what will be the pattern of trade (i.e., which country exports which good)? (2.5 Marks)

 

2. Describe how opening up to trade affects all free factors (labour, capital, land) in both countries. (2.5 marks)

 

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Acknowledging country risks and opportunities relative to key exports is essential in comprehending the effect of globalization on our world economy. Identify the most important strengths, weaknesses, opportunities, and threats for Saudi Arabia’s long-term petroleum products industry outlook in your view. Explain your reasoning. What are the implications of the Saudi Vision 2030 for the petroleum sector? Use the Saudi Arabia Oil & Gas Report to help you as you write your discussion question. Embed course material concepts, principles, and theories, which require supporting citations along with at least one scholarly, peer-reviewed reference in supporting your answer unless the discussion calls for more. Keep in mind that these scholarly references can be found in the Saudi Digital Library by conducting an advanced search specific to scholarly references. please without any pligrism use google sholar to take the sources

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Length: Approx 2,000 words Assignment consists of one essay question (worth 10 marks) based on text material. Before attempting this assignment you are expected to have read Text chapters 1 to 10. You are encouraged to make use of additional sources. Sources used in your answer should be fully referenced in APA 6th style. Answer the following question ensuring that you apply economic principles or theory related to the concepts of benefits, costs and market structure in which a firm operates to inform your analysis and support your decisions. Communicate your ideas with correct grammar, spelling and writing style and support your answer with diagrams and illustrative examples as necessary. Question (10 marks) Drawing on your knowledge of the theory of market structure – supplemented by appropriate media reports – comment on the statement of ACCC Chairman, Rod Sims, that the Australian finance sector is ‘a cosy banking oligopoly’ and explain what action could be undertaken to overcome the problems created by this situation. Presentation back to top Answers should be typed and diagrams must be clear and neat and preferably drawn electronically. Hand-drawn diagrams are acceptable. Sources used in your answer should be fully referenced in APA 6th style. The answer to the question should be divided into three parts: Part 1: Introduction The introduction sets up your response by succinctly stating your understanding of the issues, what you think is the best way to analyse the situation – including choice of theory and sources of evidence, what type of findings you expect and what potential applications you expect there to be. Part 2: Analysis The analysis will represent the bulk of your work. Here you will provide your answer in detail by drawing upon the literature, the theory and the evidence to come up with an answer to the question posed. You may find that you want to break this section up into a number of sub-parts – one for a detailed discussion of the issues including your non-technical response, one for a detailed analysis of the tools of analysis you will use (theory), one for your extensive consideration of the evidence, one where you draw together your information and findings along with their implications. Part 3: Conclusion In the conclusion you briefly and succinctly review what you have done in answer to the question and indicate what further issues there might be to be considered. Requirements back to top Sources used in your answer should be fully referenced in APA 6th style.

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Discuss how economists measure a country’s macro-economy. Include in your discussion a detailed description of each of the five major components. ? Identify the broad range of economic problems facing modern societies ? Demonstrate understanding of micro and macroeconomic principles and their effect ? Demonstrate understanding of elementary economic theories and their application to economic problems ? Evaluate conflicting claims about the economy ? Examine government economic policies and assess their impact on the domestic economy Following points should be taken into consideration to do the assessment. 1. Please select any country of your choice. 2. Discuss on its economic background – like previous economic history, current economic position, Economic Growth

rate, Future Economic position. 3. Include in your discussion a detailed description of each of the five major components. 4. Reference

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