MBS686 Economics and Business Strategy Assignment 01 | NUS

Assignment 1

Lack of housing supply causes property prices to climb again as YIMBY movement gains pace

Source: ABC News – May 1, 2024

The above article discusses the contemporary housing market in Australia. The analysis discusses quite a number of economic concepts relating to the demand and supply of housing. There are also a number of economic concepts not directly mentioned in the article but relevant to this topic. In your assignment, you are to define and explain as many economic concepts either presented in the article or relevant to the article. Please use appropriate diagrams to support your analysis and discussion.  Refer to Topic 2 Market Forces Demand and Supply and Topic 3 The Theory of Individual Behaviour for an explanation of economic concepts, as well as use other sources. These sources must be referenced.

General Requirements:

The following lists of deadlines and requirements should be adhered to. Failure to do so will result in a lower grade on the project.

Format Requirements:

The paper should

• Be typed with at least 1.5 spacing;
• Flow as a well-documented, coherent and convincing paper;
• Cite all sources;
• Have correct formats for the bibliography, footnotes, and references;
• Have on the first page of the paper the title of the paper, the student’s name and ID; and
• Have an executive summary.

Quality is the most appropriate determinant of the grade awarded, but it is suggested that approximately 1,500 words be a suitable length.