EssayThe Economics of Indigenous Arts in Australia – Essay Writing – Arts & Humanities Assignment Help

Assignment Task

Choose ONE of the following two assignment topics.

Option 1: The Economics of Indigenous Arts in Australia and its contributions to the Australia’s Indigenous communities and the economy

In the past decades, Australian Indigenous art attracts a growing demand for Indigenous art due to its uniqueness. Coate (n.d.) discovered that the number of Australian Indigenous artists were approximately one-third of all artists in Australia between1995 and 2003 and 12.8% of their works were traded at auctions during the period. This could indicate that Australian Indigenous art is becoming increasingly valuable in art industry and this may encourage the growth of Indigenous tourism in Australia. In this assignment topic, you are required to examine the economics implications of Australian Indigenous Arts on Australia’s Indigenous communities as well as the economy. 

Option 2: The effects of falling Australian house prices on Australian economy

Australia’s house prices have been plummeting dramatically across all states since one and half years ago. According to Janda (2019), Moody’s Analytics predicts that house prices in capital cities further decline to 7.7 percent this year despite there is a possibility that the house prices will reverse in 2020. Furthermore, Verrender (2019) reported that housing bust would occur and it is likely to continue if the house prices keep sliding. This unfavourable economic condition has concerned the Australian Government and the Reserve Bank of Australia.
In this assignment topic, you are required to investigate how declining house prices happened in Australia and explain why economists should concern about it.