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:
In your own words, summarize the corporate plan for 2021 of the NBN Co Limited (NBN Co)
In particular, you should focus on the “Investing for the future” section (pages 38-52) of the above document and point out what the NBN Co’s key strategies are, how the company plans to implement them and what the expected economic and social impacts will look like.
Question 2:
In answering the followings please provide a clear figure with explanation(s) to support your argument(s):
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 3:
In answering the followings please provide a clear figure with explanation(s) to support your argument(s):
Suppose that the Australian government undertakes an initial public offering (IPO) to make NBN Co a private company.
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 4:
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.]
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