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Sharing Economy

Economics Assignment: Company in focus GOCATCH
Firms such as Uber, Airbnb, Foodora etc. are all part of what is known as the “sharing economy”, which is a generic term that describes economic and social activities that take place online. Such firms have had an enormous impact on traditional marketplaces, representing both opportunities and threats to society and the economy as a whole.
Your task is to choose a company in Australia (my choice is Gocatch) that is part of the sharing economy, and describe its economic impacts, both good and bad, utilising basic economic theories that you have studied throughout the semester
Key areas you may wish to focus upon (but not limited to) are:
a) Impact on competition and prices
b) impact on employment opportunities
c) Impact on resource allocation
d) Impact on wages
Other areas covered in class
1. Choices/Trade-offs and Consumer Behaviour in the Market
2. Demand and Supply
3. Elasticity
4. Production
5. Perfect Competition and Monopoly
6. Monopolistic Competition and Oligopoly
7. GDP/Business Cycles and Economic Growth
8. Labour markets, Unemployment and Inflation
9. AD-AS Model; The Monetary System
10. International Trade and Finance


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