Assignment Topic suggestions and ideas to get you started:
• With significant rainfall in many drought-stricken farming areas recently there has been unprecedented demand for glyphosate, a type of weed killer as farmers are buying lots of it to kill off the weeds and plant crops
• The Swine Flu in China has resulted in a shortage of pork and bacon https://www.aljazeera.com/news/2020/01/pork-shortfall-china-due-swine-flu-jacks-globalprices-200106101650057.html
• The impact of COVID-19 on international travel services, cafes, clothing shops in shopping centres, Bars, Clubs, Leisure Centres (all negatively impacted) or positively impacted Bunnings / hardware stores, streaming services, food delivery, online house party apps, online dating apps, cyclist stores (how many bike riders are there on the bike tracks, me included!!)
• The huge demand for Hay for farmers to feed their animals last year when the drought was at its worst created shortages https://www.abc.net.au/news/rural/2019-06-11/hay-prices-hit-record-highs-as-demandincreases-clearing-sales/11199414 These are just some ideas to get you thinking if you have an idea of a different market shock you’d like to analyse, go for it! BUS1BUE Individual Assignment 4. Pick something that interests you, but one you can also apply the economic concepts from weeks 1 – 8. This is important, there are lots of cool market changes out there but if you are struggling to work out how the demand shift for mobile phone components in France impacts GDP or unemployment, then maybe rethink your essay topic. Consider the market, it is easier to examine the impacts of a market shift in a town or country rather than an international shift. For instance, the shift in demand for avocado’s in Australia due to café closures with COVID-19, this impacts farmers and consumers in Australia, it will affect GDP, it may increase unemployment etc.