MAE101 Economic Principles 迪肯 经济学 assignment 代写

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    • MAE101 Economic Principles 迪肯 经济学 assignment 代写

     
    Deakin College/Deakin University MAE101 Economic Principles Trimester 1.2017
    Individual Written Assignment: Assignment 1 – Housing Affordability
    Assignment Weighting 10% (Total Marks 20 scaled to a mark out of 10)
    Word Limit – 800-1000 words (excluding graphs, tables, footnotes and reference list)
    Due date: (Week 9) Monday, 8 May 2017 at 5pm to your lecturer’s locker on Level 4.
    A hard copy of your written assignment is to be submitted into your lecturer’s locker on level 4 by the due
    date and time. You will need to include an Assignment Cover Sheet, available from the portal, under
    “Forms”. Assignments received after the due date or without a completed and signed Assignment Cover
    Sheet will be penalised accordingly.
    N.B. Late extensions will generally not be granted unless there are exceptional circumstances and can only
    be granted by the Unit Coordinator.
    Graphs should be clearly presented with relevant axis labels and a title given to each graph.
    Diagrams may be hand-drawn, though you are strongly encouraged to draw them electronically using the
    feature Insert   Shapes   Line in MSWord. You can also search YouTube for “Drawing demand and supply
    diagrams in Word” for assistance.
    Your assignment should include footnote identification (name and student ID) on the bottom left hand side,
    and page numbers, on the bottom right hand side of the page.
    Use size 12 font for your assignment and use bold font for the question numbers/parts.
    Include at least three(3) authored and scholarly references for your assignment.
    Up to four (4) marks will be deducted for insufficient referencing, incorrect in-text citation and for not
    following the list of instructions below.
    Submission Checklist   
    Have you printed and stapled a signed cover-sheet with your lecturer’s name to the front of your
    assignment?
    Have you adhered to the specified word-limit? 
    Your name and ID are footnoted on the bottom LHS of each page, with page numbers on the RHS 
    Your font size is 12 point 
    Your assignment is printed single-sided? 
    Have you referenced at least 3 authored, reliable sources in your assignment? 
    2
    The aim of this assignment is to examine the issue of housing and rental affordability in Australia and to
    consider some of the contributing factors that driven prices in these markets upwards. The assignment will
    draw on your understanding of some of the key concepts and models we studied in chapters 4 and 6 of Gans
    et al. (2015).
    Question 1 – Article Analysis
    i.  Read the following articles and write a summary of each article that highlights the main
    economic issue(s) being discussed.
    “RBA governor Philip Lowe only sees one way to solve Australia's housing affordability
    problem” at https://www.businessinsider.com.au/lowe-housing-affordability-2017-4
    “Sydney squeeze: Is rent control the answer to the housing affordability crisis?” at
    http://www.abc.net.au/news/2017-03-21/sydney-squeeze-affordable-housing-rent-control-
    options/8370364
    (4 marks)
    ii.  Discuss three (3) of the factors that have contributed to the unaffordability of housing in
    Australia and three (3) approaches that policy makers have put forth to address the issue of
    housing affordability.
    (3 marks)
    iii.  Using a demand and supply diagram for the housing or rental market in Australia, illustrate the
    effect of one of the factors that have contributed to the rise in housing or rental prices in
    Australia. Briefly explain your diagram and state which side of the market is being affected and
    why and the effects to equilibrium price and quantity.
    (Label your diagram fully and use realistic axes labels. Give your diagram a title. Note – you do
    not need to use actual data for this question).
    (3 marks)
    3

    MAE101 Economic Principles 迪肯 经济学 assignment 代写
    Question 2 – Rental Market Analysis
    i.  Using a demand and supply diagram for the market for rental properties, illustrate and explain
    the effect of a (binding) rent ceiling. (Label your diagram fully and use realistic axes labels. Give
    your diagram a title).
    Your analysis should discuss the welfare effects on this market and the changes to quantity
    demand and supplied.
    (6 marks)
    ii.  List and briefly discuss 2 alternative mechanisms that may help to ration the rental stock when
    the free-market price is prevented from achieving a market-clearing equilibrium.
    (2 marks)
    iii.  Discuss how the quality of the rental stock may be affected by the implementation of a rent
    ceiling?
    (2 marks)
    (10 + 10 marks) Total 20 marks
    MAE101 Economic Principles 迪肯 经济学 assignment 代写