Supplementary/Aegrotat Examination - Economics Assignment Help

Assignment Task

Part-A

Question One 

1. With the aid of the given diagram, explain the “good news” for the rental market being referred to in the article.

1.2 Identify and discuss the type of price control that may be implemented to control massive rent increases.

1.3 Identify, giving reasons, the type of market structure applicable to the rental market. Comment on the efficiency of such a market structure.

Question Two

2.1 Electricity is considered an input for a number of firms. 

Critically evaluate the impact of electricity shortages on firms and use the given diagram to explain the impact on the economy.

2.2 Taking the article into consideration, identify and explain the type of inflation that may result. Use the relevant graph to motivate your answer:

2.3 Highlight the various stages of the business cycle and indicate where the economy is currently most likely to be.

Question Three

Australia has been facing high levels of inflation and this has prompted policymakers to advocate for an increase in interest rates. 

Critically evaluate this decision.

Part-B

Question One

1. With the aid of the given graph, describe the impact of the shortage for the airline industry. 
2. Describe the concept underlying the given diagram and use the diagram to explain the impact of the shortage.
3. Identify, with relevant reasons, the type of market structure for the airline industry.

Question Two

2.1 In light of the above article, evaluate the impact of the given scenario on the GDP for China.

2.2 Critically evaluate GDP as a measure of economic growth.

2.3 Describe the impact of a “tightening” monetary policy on China and related countries.

2.4 Discuss the possible consequences of high levels of inflation on individuals, firms and society as a whole.

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