HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION HI5003 Economics for Business Assessment Details and Submission Guidelines Trimester Trimester 2 2019 Unit Code HI5003 Unit Title Economics for Business Assessment Type Written report and presentation Assessment Title Group assignment Purpose of the assessment (with ULO Mapping) Students are required to work in groups to analyse an industry and its relevant issue then apply their knowledge in the unit to write a report and make a presentation (Learning Outcomes 1, 2, 3, 5). See Assignment Specifications for detailed requirements Weight 40% of the total assessments Total Marks 40 Word limit Not more than 2500 words Due Date 5pm Friday of Week 10 for Normal Mode classes, of Week 6 (for Block Mode 1 classes) & of Week 10 (for Block Mode 2 classes). Submission Guidelines • All work must be submitted on Blackboard by the due date along with a completed Assignment Cover Page. • The assignment must be in MS Word format, single spacing, 12-pt Arial

Written report and presentation

Students are required to work in groups to analyse an industry and its relevant issue then apply their knowledge in the unit to write a report and make a presentation

Economics for Business  Name of the Student   Name of the University   Course ID  Introduction  Agriculture plays an important role in Australia’s economic

Economics for Business.

Environmental Science

(PDF) Water Conservation for Agriculture

The report primarily aims to discuss agricultural production in Australia with special reference to the impact of recent drought. Agriculture is one of three main sectors of the economy. Production of agricultural commodities is largely dependent on climatic condition. Agricultural production is largely vulnerable to extreme climatic condition. Drought defines a natural calamity when a region suffers from lack of rainfall. Hot dry summer in Australia has wiped away moisture of soil in almost every state and union territory. Water storage has declined to an extremely low level. The impact of current drought is more severe in some states compared to others. Continuous lack of rainfall hampers agricultural production resulting in a decline in farmers’ income which in turn adversely affects overall health of the economy. Analysis has found that production of agricultural commodities has increased significantly in the last 20 years. The marker structure of agricultural commodities is close to perfectly competitive market. The drought has a severe impact on agricultural production as well as the economy as a whole. In order to reduce severity of the impact government should take necessary policy measures.

Economics

Political Science

Agricultural Production in Australia: Impact of Recent Drought

This essay traces the effect of drought on macroeconomic environment of Australia. It discusses nature of policy intervention and its likely consequence to alter drought outcome. The impact of drought on macroeconomic equilibrium of Australia depends on likely influence of drought on aggregate demand or aggregate supply of the economy.

Economics for Business.

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