University : | Deakin Business School UniLearnO is not sponsored or endorsed by this college or university. |
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Subject Code : | MPE781 | Country : | Australia |
Description :
The assignment provides you with an opportunity to conduct research on/analyse problems related to a contemporary economics issue: national broadband network in Australia. You will need to apply the existing economic theories to develop a consistent argument with good reasoning while evaluating the given problem set critically. Please attempt so that your writing is of high quality and professionally presented, and that it can be easily be easily understood by the general audience, not just economists.
Question 1:
a) Suppose that the NBN Co is a natural monopoly and that it adopts an average-cost pricing strategy. Do you think this pricing strategy is efficient from welfare standpoint? Explain your answer.
b) Now suppose that the NBN Co is a natural monopoly but that it adopts a marginal-cost pricing strategy. Do you think this pricing strategy is efficient from welfare standpoint? Explain your answer.
c) Of the above two pricing strategies (average-cost and marginal cost pricing strategies), which one would you recommend to the NBN Co so that it can fulfill its objective as a state-owned company?
Question 2:
a) Assume further that post the IPO, the NBN Co operates as a private monopolist. With the help of a figure, identify the price the NBN Co would charge for its internet broadband. Do you think this pricing strategy is efficient from welfare standpoint? Explain your answer.
b) Do you think it is a good idea for the government to undertake IPO of the NBN Co? Provide at least three reasons supporting your arguments [Hint: Please do a brief literature review/news search to find out the status of/plan for the IPO of the NBN Co and what policy makers and experts/economists have said about this. Based on this search and the economics theory you have learned from class you can formulate your arguments. You may want to refer to examples of similar IPOs by the government, such as that with Telstra and/or Medibank Private (note, however, that information on/references to these other examples of IPOs are optional).]
Question 3:
Find a country in the world other than Australia that has implemented a successful (national) broadband network. Give a brief description about the broadband-related policies in that country which have driven the network success. Suggest two policies that can be potentially implemented in Australia to maximize the economic and social benefit of the national broadband network (NBN). [Hint: these can be any policies you have seen elsewhere or brand-new ones that you would like to propose, as long as you can provide the (economic) rationales behind your recommendations.]
Learning Outcomes :
This task allows you to demonstrate achievement towards the unit learning outcomes. The ULOs are aligned with specific graduate learning outcomes – that is, the skills and knowledge graduates are expected to have upon completion of their studies – and this assessment task is an important tool in determining achievement of those outcomes.
If you do not demonstrate achievement of the unit learning outcomes, you will not be successful in this unit.
It is good practice to familiarise yourself with the ULOs and GLOs as they provide guidance on the knowledge, understanding and skills you’re expected to demonstrate upon completion of the unit. In this way they can be used to guide your study.
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