7303AFE Economics Assessment 2 - T1 2022

Please read these instructions carefully and follow them closely. Your assignment will be assessed based on how well you adhere to the instructions.

This assignment (consists of three inter-related questions regarding an industry) is designed to get you to look deeper into the world of economics.It forces you to dive deeper into the information and gives you an opportunity to better understand the concepts that you are learning and apply them to a realistic topic.

Assignment Task

The Domestic Airline Industry in Australia

Your task involves writing a report on "the domestic airline market in Australia" focusing on the problems given below. This assessment will require you to use a suitable market structure, and concepts of externalities.

1. Briefly analyse the main characteristics of the domestic airline industry using a suitable market framework you studied in this course.
2. Briefly explain how the airline market structure is different from other market structures you studied in this course.
3. Explain the impact of COVID-19 crisis on the domestic airline market using the concept of externalities