ECO105 Assignment: Analysis of Economic Principles and Policies

This assignment delves into key concepts of business economics, analyzing the impact of supply and demand forces on petrol prices in the Australian market due to Middle East hostilities, exploring substitute goods like electric cars. It then examines the production possibility frontier, opportunity costs, and the drivers of economic growth, including the roles of capital, labor, and technology, alongside monetary and fiscal policies. The assignment also investigates the effects of sales tax on tobacco and coffee, and concludes with an analysis of oligopolistic market structures, using Coles and Woolworths as examples, discussing factors contributing to their market dominance and potential collusion.