Competition: Competition is an essential element of the capitalist economic system. The invisible hand of the markets is mainly a manifestation of competition, where firms compete to provide goods and services that are demanded by consumers. In recognition of the important role competition plays in creating fair economic outcomes, Australia and many other countries have laws and regulatory agencies to explicitly promote and create competition in the markets. In Australia, this regulator is the Australian Competition and Consumer Commission. Using the conceptual frame of your two chosen economists, what you have learned in class, and outside research, analyse the state of competition in Australia today. Would each of your thinkers agree that competition is a good thing? Would they argue for more or less competition? Does your thinker make predictions about competition and its effect on wages? Yes? No? Are the predictions good or bad? Are their policy prescriptions that the thinkers would support or oppose that should be considered in Australia? The specific questions you address will vary by the thinkers you choose. The paper is a compare and contrast essay, where the views of both economists are analysed and evaluated. The best way to start this type of essay is to create an independent list of each economists views on the topic and then to look for similarities and differences in their views. Once the key similarities and differences are found, a narrative can be structured around why the economists agree or disagree about the topic. It is expected that you will conduct some outside research on the topic and on your chosen economic thinkers to supplement the information you have gained from class readings and lectures. Please include a reference list with your paper. The quality of your sources will be a factor in assigning marks. The essay should be between 5 and 8 pages and should attempt to balance the amount of information presented on each economists view. One suitable structure for the paper is to write a separate section for each economist summarizing their views, and then compare and contrast their views in a new section. Another way to structure the essay is to align yourself with one of the thinkers positions. Argue why your position is correct using the arguments supplied by your thinker and why those who believe the opposite and who are aligned with the other thinker are wrong. But, there are many suitable ways to structure the essay. Try to draw upon what you learned from the first writing assignment to create positions for these now dead economists on these current issues. Do not include detailed background information about your economists lives unless it is directly relevant to your argument. Ensure you use complete sentences and well-organised paragraphs. Stick to the page limit. You will be penalised if your assignment is under 5 A4 pages or over 8 A4 pages. Do not use a font size below 11 point and do not play games with spacing or margins. Deliberate attempts to make essays appear longer or shorter than the specified limits will result in a loss of marks.
Hide
Use the order calculator below and get started! Contact our live support team for any assistance or inquiry.
[order_calculator]