Contemporary Economic issue

1 Introduction
you will be asked to prepare a brief report on a contemporary economic issue, based
on an article of your choice drawn from the news media.
2 Scenario
You work as an adviser to a Member of Parliament who has been appointed to the
Standing Committee on Economics for a forthcoming Inquiry into a particular issue.
Despite his appointment to the Standing Committee, this Member of Parliament has
never taken a course in economics. Because he knows that you have taken it
he has asked that you provide him with a 1000-page report on:
(1) the basic economic
concepts underlying this real-world issue, and
(2) the alternative perspectives that other
members of the Standing Committee might present.
You do not need to support either side of a debate when writing your report.
You simply need to explain the issue to a non-expert, addressing the major questions they
might find relevant. (The ‘Case Studies’ throughout the course textbook of( principels of microeconomics 6th edition )are a helpful)
You should demonstrate your ability to explain the economic concepts relevant
to the issue in the news article and also to suggest why a ‘textbook’ argument might be
challenged by other members of the Committee.
3 Defining the Issue
The issue facing the Standing Committee will come from
a news article from any
English-language publication
published over the past decade or so. Obviously, arti-
cles from the past few years are likely to be more interesting, and easier to find.
Be wary about using articles which already explain much of the economic content
at a level similar to that of the textbook. You should not spend your 1000 words just rewriting the news article. Instead it might be easier to find an issue from the general press (daily newspapers, news websites) and elaborate on the economic content in
them, Publications you might consider using

Australian news: The Australian, ABC News, The Australian Financial Review,
The Sydney Morning Herald, The Guardian

World news: The FT, The Economist, BBC News, The Wall Street Journal, The
New York Times, Reuters

Others: The Economics subreddit, or any reputable economics blogs from which
lessons involving the foundations of microeconomics might be drawn.
4 An Example
Due to pressure applied by gold mining interests in your country, suppose that the
Standing Committee on Economics was asked to investigate the behaviour of the gold
price in recent years. The following article from The Economist summarises miners’
In preparing a briefing based on this article, you might start by making a list of
questions that you think your boss, the Member of Parliament, would want answers
to. You do not need to state what questions you are attempting to answer; rather, they
should serve as an outline for you in writing your paper.
In analysing this particular article, the following questions might be relevant:
1. How has the gold price moved over the past few years?
2. Why do people invest in gold and in what times is gold more desirable as a store
of value?
3. What factors have caused the gold price to fall to its current level?
4. What does the author mean by the phrase ‘lower interest rates cut the opportunity
cost of owning gold’?
5. In what countries is gold in higher demand than others? Why?
6. What are the long-term prospects for gold miners? If gold prices remained low,
who would win and lose? What are the ‘textbook’ implications for welfare of
protecting the losers from a low gold price, and what assumptions are we mak-
ing/breaking if we follow/abandon the textbook prescriptions?
Diagrams accompanying the important points you make would strongly support
your case.

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

We value our customers, and so ensure that our papers are 100 percent original. Our Team of professionals does not miss the mark; they ensure that step by step each paper is written uniquely. We never duplicate or work as we compare papers rest assured. We deliver our work a day before time to ensure that you don’t miss your deadlines. It is not only doing the work but delivering it at the right time. We capture the consequences of late remittances. .

Money-back guarantee

We value customer satisfaction here at and make sure that you get the best value for your Money. It happens that sometimes you can pay twice for your order or may want to cancel it, or you feel that it doesn’t meet your requirements; our money back guarantee will give you the opportunity to get back your money. We will also refund 100% of money paid double. In case your paper does not satisfy your requirements , we request that you notify us via writing within 2 days otherwise on the third day we will assume that you have been satisfied. Do all your correspondences through our email address

Read more

Zero-plagiarism guarantee

At, our professional writers know the consequence plagiarism does for our clients. We have updated software’s such as article checker and copyscape to check for originality of the custom papers before submission of the final paper to the you. Our guarantee to the customer is that we will write 100% original papers for them that are quality, timely and of low cost. We have experienced professional and competent PhD writers who will write quality custom papers for you..

Read more

Free-revision policy

. At, we are proud to provide top-quality Essay writing service to our esteemed customers. We are ready to take up that challenging academic assignment that is giving you sleepless nights and simplify it for you according to your desired requirements. We are willing to revise your paper if it does not meet your requirements. At, we do not compromise with quality; thus, we offer unlimited free revisions until the customer is satisfied with their custom paper. Our unlimited free revision services are provided under the following terms:.. .

Read more

Privacy policy knows that client’s information is an essential tool for our company. It means that whatever the client requests from our service is kept strictly confidential. It means that whoever writes for this company understands the terms and conditions hence you should not be worried because you will never see your work somewhere else...

Read more

Fair-cooperation guarantee

Rest assured that we will always be attentive to your needs and requirements. We belief in the phrase treat your neighbour as you would want them to treat you. We leave nothing to chance and always look forward to a good interaction with each other.. .

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages