HI5003 Economics for Business Final Project: Demand, Supply, and More

This assignment is a final project for the HI5003 Economics for Business course, addressing key economic concepts. The project explores the effects of government price legislation on a farmer in the Philippines, calculating price elasticity of demand, and analyzing market structures, specifically monopolistic competition. It also involves calculating nominal and real GDP, examining the importance of the GDP deflator, and assessing the impact of government policies on unemployment and inflation in the Philippines. The project further analyzes the effects of COVID-19 on the Australian economy, discussing economic recession and the impact of fiscal and monetary policies. The assignment demonstrates an understanding of supply and demand, production costs, market structures, macroeconomic indicators, and the application of economic principles to real-world scenarios.