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Economics Development - Sample Assignment

   

Added on  2021-06-18

10 Pages1358 Words34 Views
Running head: ECONOMICS EconomicsName of the StudentName of the UniversityAuthors NoteCourse ID

ECONOMICS 1Table of ContentsIntroduction:...............................................................................................................................2Summary of Article:...................................................................................................................2Economic concept......................................................................................................................3Demand-Supply and Equilibrium:.............................................................................................3Variation in price and demand:..................................................................................................3Administration of Demand in Australia and Affordability:.......................................................4Recommendations:.....................................................................................................................5Conclusion:................................................................................................................................6Reference List:...........................................................................................................................7

ECONOMICS 2Introduction: Renewable energy can be defined as the source of energy which can be exhaustednaturally and remains available as unlimited stock. There is certain useful source of energysuch as sunlight, wind, water, landfill gas and other. Australia largely depend on the hydrosources to meet the rising demand for electricity1. The study descriptively providesAustralia’s stand on the renewable energy with regard to the article published in “SydneyMorning Herald”. Summary of Article: An increasing focus on demand side responses have been placed by Australia withenergy efficiency is being set up to bypass the mistakes that is made by the global leaders ofrenewable source of energy. A decade before, to resolve the issues of energy, a higherreliance was placed by Australia on renewable source of energy2. The setup of power hasresulted in expensive generation of electricity with highly overprice per unit consumption. Anupward surge on price is driven by increased tariff in Australia that has ignored thedependability or reliability of the issue and have placed focus on replacing the traditionalsource of energy with the renewable energy sources. As an instance the CSIRO Low Emission Technolgy Roadmap if Australia works tomeet the target of lower emissions then it can attain 50 per cent of the renewable generation.1Latimer, Cole. "Australia Can Avoid Germany's Renewable Energy Mistakes."The SydneyMorning Herald. N.p., 2018. Web. 26 Apr. 2018.2Bernanke, Ben, Kate Antonovics, and Robert Frank.Principles of macroeconomics.McGraw-Hill Higher Education, 2015.

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