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HI5003 Economics for Business
Choose any ONE topic out of the following list.•    GDP- Compare Australia with any other advanced economy or developing country and discuss their GDP last 2 to 5 years and factors affecting their GDP•    Unemployment – Discuss the unemployment rate, typ …
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BUECO5903 Business Economics
Assessment criteria A written assignment of 2,000 words, based on both microeconomics and macroeconomics. Assignments must be submitted by 9 January 2017. To view the assignment questions, go to the Business Economics Blackboard site and click on ‘Assessment’ in the left hand menu. You s …
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Task 1: Equilibrium in the Labor Market  First, we examine the equilibrium in the domestic labor market, before any immigration. Below, you are tasked with deriving and describing the domestic labor supply, then the domestic labor demand, and then the equilibrium.  (a) Suppose that in the …
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Explain the concept of the price elasticity of demand and provide examples where understanding the nature of the price elasticity of demand has been important in the decision making of a firm.Question 2 (5 Marks)Explain the concepts of comparative advantage and absolute advantage and provide example …
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