Summative Academic Essay (1500 words, minimum 10 academic references)

• • Understand the roles of government and business in pursuing social and economic goals;
  • Contrast theoretical traditions about and global approaches to the economic role of government;
  • Relate political, social and economic changes to changes in the national and global environments;
  • Demonstrate a sound knowledge of the ways that business and government respond to the dynamics of globalisation; and
  • Undertake projects requiring research, analysis and the effective communication of the results in writing.
• Related graduate attribute(s):
  • UC graduates are professional – communicate effectively
  • UC graduates are professional – display initiative and drive, and use their organisation skills to plan and manage their workload
  • UC graduates are professional – employ up-to-date and relevant knowledge and skills
  • UC graduates are professional – take pride in their professional and personal integrity
  • UC graduates are professional – use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
  • UC graduates are global citizens – adopt an informed and balanced approach across professional and international boundaries
  • UC graduates are global citizens – behave ethically and sustainably in their professional and personal lives
  • UC graduates are global citizens – think globally about issues in their profession
  • UC graduates are global citizens – understand issues in their profession from the perspective of other cultures
  • UC graduates are lifelong learners – adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
  • UC graduates are lifelong learners – be self-aware
  • UC graduates are lifelong learners – reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development

 Students are required to write a summative academic essay of 1,500 words, answering one of the essay questions below. For this essay, it is expected that you now comprehend the standard of work required to write a sound academic essay. Employing the lessons and standards learnt from Essay 1, answer one (1) of the following essay questions:

1. In 2014, Qantas, formerly a government-owned airline, asked the federal government for assistance. Identifying the concepts taught in this unit, discuss the arguments that were used by both sides of the Qantas ‘bailout’ debate. Based on the theories of the role of the state taught in this unit, was the government’s stance justified? Why or why not?
   2. Are international institutions such as the International Monetoary Fund (IMF) and the European Union (EU) helping or hindering economic recovery in Greece? Discuss, incorporating or countering the “democratic deficit” argument in your answer.
   3. Using an example of an anticipatory industry policy measure, discuss the merits of the particular policy (drawing on the concepts taught in this unit). To what extent were the policy objectives achieved? What were the unintended consequences of the policy?
   4. To what extent does business dominate industry policy in Australia? Discuss, using examples and drawing upon the concepts taught in this unit.
2. Are Australian consumers better off as a result of economic rationalism? Discuss, drawing upon the concepts taught in this unit.
   6. If the free market provides better outcomes for consumers, why was Mr Campbell Newman’s Government so severely punished by voters at the 2015 Queensland state election? Discuss, using examples and drawing upon the concepts taught in this unit.

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