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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.


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.


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