Economics for Managers

Ru8nning head: ECONOMICS FOR MANAGERS
Economics for managers
Name of the student
Name of the university
Author note

1ECONOMICS FOR MANAGERS
Table of Contents
Answer 1....................................................................................................................................2
Answer 2....................................................................................................................................3
Answer 3....................................................................................................................................5
Answer 4....................................................................................................................................8
Reference list............................................................................................................................12

2ECONOMICS FOR MANAGERS
Answer 1
The articled named The Tourism Investment Monitor analyzes the recent economic
status of Australia. It states about the contributors of the economy of Australia along with
other sectors that contributes to economic growth. Australia have experienced an economic
growth for the last two decades. The article “The Tourism Investment Monitor” shows the
values as well as the numbers of the large projects which have been invested in the Australian
tourism pipeline. An investment of about $37 billion have been made in the tourism
investment of Australia. The arts, recreation and the business services amounted to $17
billion. The infrastructure of the aviation projects amounted to ten million and the projects
valued at $10 million. It have been stated in the article that the Australian tourism is known to
be the standout performer of the Australian economy that provides an attractive environment
for the investors. Mostly the foreign investors of Australia known to strengthen the
investment pipeline of the projects. Huge amount of investments have been made in the
infrastructural projects, accommodation projects and on the business services. According to
the studies of the tourism forecasts is have been found out that the expenditure of the tourism
will be growing at the rate of 6% yearly in order to reach $224 billion by the year 2027
(Tra.gov.au. 2017). The rise in the growth of the visitors will create a demand for the airline
services, hotels and also for the educational institutions. A lot of investment in the tourism
industry of Australia will be needed during future for keeping the market in equilibrium. The
pipeline of the tourism investment have been designed for tracking the investments projects
which will be valued for more than $20 million. The accommodation investment will be
moving towards the mixed use projects which will be combining the tourism accommodation
with the other components of non-tourism. Among all the places, Victoria and Queensland
were known to be some of the popular places for the mixed used developments with the
availability of the projects. The World Investment Report of 2017of the United National

3ECONOMICS FOR MANAGERS
Conference on Trade and Development states that Australia has received an amount of
US$48 billion as the inward foreign direct investment during the last year. The aviation
infrastructure in the year 2016-2017 was known to be worth of ten billion spreading across
the 19 projects. The aviation infrastructural projects includes the Perth International and
domestic terminal upgrades, Brisbane Airport domestic terminal expansion. It also comprise
of the Melbourne Airport construction of the third runaway. The projects that were known to
be under construction have been valued at $3.2 billion in 2017. The infrastructure of the
business services, arts and recreation will create a huge demand for tourism as there will be
increase in the number of events and major attractions. Out of $10 billion which have been
proposed for the aviation infrastructure in case of tourism, only $7 billion were used in the
infrastructures. The investments in the various kinds of infrastructures have been spread
across the various types of projects (Tra.gov.au. 2017). The pipelines of the arts and the
cultural facilities costed to $3 billion for more than fifteen projects. However, the major
tourist attraction comprised of the nine projects which had a total value of $2 billion.