Microeconomics (demand & supply, market failure, sustainability)
Write about the following article. https://www.theguardian.com/envir onment/2019/dec/12/queensland-school-water-commercial-bottlers-tamborine-mountain This is a great article about an unfortunate case where local water supplies are running low due to the severe drought in the Mount Tamborine area, where residents do not have access to reticulater water (piped-water supplies). You can choose to write about many different economic concepts here (make sure you keep your focus on two of these): negative externalities of production (i.e. Coca-Cola production leading to no water in the school, parents to be warned to consider not sending their children to school) threats to sustainability (think of water supplies: “What might have potentially been a sustainable business at one point in time, that’s no longer sustainable.”) resource allocation (should the government intervene perhaps?) Start it off by introducing the issue and analyzing it, and then introduce an economic solution to the issue and analyze that.[unique_solution]
Microeconomics (demand & supply, market failure, sustainability)
Write about the following article. https://www.theguardian.com/envir onment/2019/dec/12/queensland-school-water-commercial-bottlers-tamborine-mountain This is a great article about an unfortunate case where local water supplies are running low due to the severe drought in the Mount Tamborine area, where residents do not have access to reticulater water (piped-water supplies). You can choose to write about many different economic concepts here (make sure you keep your focus on two of these): negative externalities of production (i.e. Coca-Cola production leading to no water in the school, parents to be warned to consider not sending their children to school) threats to sustainability (think of water supplies: “What might have potentially been a sustainable business at one point in time, that’s no longer sustainable.”) resource allocation (should the government intervene perhaps?) Start it off by introducing the issue and analyzing it, and then introduce an economic solution to the issue and analyze that.