EFB223 – Market for Native Foods in Australia and Overseas Case Study – Economics Assignment Help

Assignment Task

Case study

As the growing demand for native foods is creating a shortage of native foods and rising prices, the ANFAB has appointed you as their economic advisor and have tasked you to write up a document which addresses the following:

• Provide a background overview of the market for native foods in Australia and overseas.
• Base on the events described in the case study, analyse and produce relevant diagrams, which reflects shortage, price and quantity change of native foods. (Note: actual prices are not required).
• Using relevant diagrams, critically discuss the impact on the economic welfare on both Aboriginal communities (i.e. local consumers) and suppliers. Hint: Suppliers supply to both domestic and international markets.
• Consider two economic policies that may address the shortage of native foods in Australia and the price rise; and analyse their impact on the economic welfare of Aboriginal communities and domestic suppliers.

Essay guide, format and word limit

• Where appropriate, consider and apply assumptions; and economic concepts.
• Citations from journal articles (not textbook) are essential in demonstrating in-depth research.
• Word limit (2000 words with 10% tolerance. The word limit excludes words in Tables, Diagrams and Reference list).
• You may use headings to help organise your ideas but they are not necessary.
• Abstract or executive summary is not required.
• A minimum font size of 11 and 1½ spacing is recommended.
• You are expected to use appropriate diagrams to enable you to concisely demonstrate your line of reasoning.