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 unemployment in various states of Australia. You need to specify the different regions such as 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 last 3 to 5 years. What are its effects and its problems on Australian Economy?
Carbon Tax/Emission Trading scheme
Compare Australia with one of these countries or group 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 countries and discuss their economic growth during last 5 years and its effects on the society. (both positive and negative)
Australian Budget in May for 2014. Discuss the various aspects of expenditure and revenue in the budget. Comment on various stakeholders’ reaction 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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