Economic Principles Assignment: MAE101, T2 2019, Deakin Uni

This economics assignment explores various microeconomic concepts. Part A examines the impact of bounty schemes on cane toad populations and analyzes the effects of import tariffs, specifically concerning the NAFTA agreement's influence on the Mexican corn market. The assignment delves into the relationship between corn prices and illegal crop production, including the formation and operation of drug cartels, and their impact on violence. Part B analyzes the effect of political ties on labor markets and the economic welfare of Venezuela. Additionally, it assesses the impact of carbon taxes on fuel consumption in Sweden, using graphical representations to illustrate market dynamics and welfare implications. The assignment provides a comprehensive analysis of economic principles through real-world case studies and theoretical models.