BUS 162 : Introduction to Economics – Economics Assignment

Internal Code: MAS5522

Economics Assignment:

“The minimum wage law is most properly described as a law saying that employers must discriminate against people who have low skills” (Milton Friedman). Evaluate the impact and effectiveness of minimum wages in Australia.

Questions: 

1) Identify, interpret and link key economic concepts that are relevant to the question.

2) appropriate economic terminology in a clear, coherent and logically sequenced manner.

3) Apply economic concepts to a real-world context and where possible, use relevant economic diagrams to explain cause and effect or predict
economic outcomes.

4)

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