All questions have equal marks Q1): Several Australian Universities, except Charles Darwin University, has opened up a campus in a number of Asian...

All questions have equal marks

Q1): Several Australian Universities, except Charles Darwin University, has opened up a campus in a number of Asian countries. Discuss, how will this affect the enrolments of international students at CDU? Explain using demand and supply diagram.  

Q2): Discuss how will student enrolments be impacted at CDU if the government doubled the interest rate charged on student loans for all domestic students in Australia? Explain using demand and supply diagram.

Q3): Discuss, what are the main determinants of economic growth? How is growth related to Production Possibility Frontier? Explain using a diagram.

Q4): Prices of houses in Australian metropolitan cities, particularly in Darwin, Sydney and Melbourne are on the rise in recent year, which is mainly due to surging land prices. It is in this context, answer the following questions:(a) Why is the land price rising in the metropolitan cities and what are the major drivers of rising house prices in these cities; (b) Using an appropriate diagram, explain your answer in part (a) above, and (c) Is the supply of land in Sydney and Melbourne perfectly inelastic? Why? Discuss.