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ECO100 Economic...ay assignment (6) - Saved
of sound economic reasoning and elementary economic analysis to a current policy issues. They will also develop the ability to present economic arguments and analysis clearly.
Link to unit's learning outcomes: See learning outcomes on page 5.
Due date: Week 10: due in the respective lecture/seminar
on Tuesday 25/9/2018 — hard copy or submit online through
Value: 259,12.5% per assessment task)
There is no set word limit you should simply answer the questions set out for each essay.
This assignment develops students' theoretical and technical skills in micro-macroeconomics as
well as their written skills. You are not required to form a group.
This is an individual assignment. Therefore, it is your responsibility to plan well ahead to
complete the assignment.
The assignment is comprised of two essays:
Essay 1:
Davidson and De Silva (2018) have written a recent article entitled as -Did Recent Tobacco
Based on the above yRo?arrneircehqaunintth:cCraelttlyearnnsWeker,rno(PtPleaSs5t,Te following questions:
1. Compare and contrast the rate of cigarette smoking in Australia with your home country and
the world average rate.
2. Draw and label fully a supply and demand curve diagram to explain how an excise tax on cigarettes affects: - demand for cigarettes when demand is inelastic compared with elastic; - tax revenue for the government.
3. Explain the idea of cost versus benefit when making decisions. Use this idea to analyse as to why: - the government wishes to reduce the rate of smoking; and - a smoker as they age should quit smoldng.
You will need to support your answer with information through research. Hints: you must
acknowledge the source materials appropriately, i.e., referencing.
4. Describe and evaluate the various policies over the years (other than a tax on smoking) that
the Australian and State governments have enacted in order to reduce smoking.
You may use the following article as a benchmark information to write this assignment: httos://onlinelibrarv.wilev.com/doi/abs/10.1111/1759-3441.12198
5. Finally, in this essay you must answer the implications of the topic by answering the following questions based on the above article: (0 What does this article argue about the effectiveness of plain packaging of cigarettes in reducing smoking rates, And, (ii) what ramifications and implications are drawn by this research,
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4. Describe and evaluate the various policies over the years (other than a tax on smoking) that
the Australian and State governments have enacted in order to reduce smoking.
You may use the following article as a benchmark information to write this assignment: https://onlinelibrary.wiley.com/doi/abs/10.1111/1759-3441.12198
5. Finally, in this essay you must answer the implications of the topic by answering the following questions based on the above article: (i) What does this article argue about the effectiveness of plain packaging of cigarettes in reducing smoking rates? And, (ii) what ramifications and implications are drawn by this research?
Essay 2:
According to the Reserve Bank of Australia Bulletin (June 2018) analyses the -Labour Market Outcomes for Younger People-. Link for access to this bulletin (online) is as follows: https://www.rba.gov.au/publications/bulletin/2018/jun/pdf/labour-market-outcomes-for-vounger-people.pdf
Based on this RBA research, you are required to write an essay by answering the following questions:
1. What are the causes of the following types of unemployment:
- Structural,
- Cyclical,
- Frictional,
- Hidden, and
- Underemployment?
2. Using information from the captioned article as your guide, use Supply and Demand curves and
analyse:
- The factors causing changes in the Supply of 15 to 24-year old workers over time. (Hint: what factor
has caused it to decrease but at the same time what other factor has caused it to increase.)
- The factors causing an increase in demand for 15 to 24-year-old workers.
3. Describe and evaluate the factors that are driving the fact that 15-24-year-old work part-time or casual rather than full time.
4. Describe the rate of youth unemployment and underemployment in Australia. Provide reasons for this rate.
5. Compare and contrast rates of youth unemployment in Australia with your home country and the world average. Analyse the causal factors behind these differences or similarities.
Submission: A hard copy to be handed in your allocated seminar or lecture time in Week 10 (25/09/2018). If you do not attend class or cannot attend you should submit your assignment by uploading it on
You must attach a completed, signed PIA coversheet with your written assignment.
Further guidance regarding the specific questions, requirement, and marking criteria will be provided on 510#,