Analyzing market product or services, Microeconomics

Rationale of Group Project

Group project allows you to pursue authentic learning with your peers, and to apply theories taught in class and textbooks to real world situations. Team work and collaborative learning are also encouraged as a result.

Choosing a Market for Analysis

  1. You are to choose a market for your group project analysis, using relevant analytical tools (not necessarily all of them) presented in Lectures 1 to 5.
  2. You may freely decide on any product or any service, general or specific, local or international, for your investigation.
  3. Some examples of market you may choose include iPad2, Internet service, textbook, cigarette, taxi service, fast food, movie, housing, passion fruit, cheese cake, Polo shirt, beauty salon service, etc.

Choosing Articles as References for Analysis

  1. Search through newspapers, journals, magazines or internet for FOUR articles (for group of 4 members) or FIVE articles (for group of 5 members) based on the market you have selected for your group project and are relevant to the concepts discussed in Lecture 1 to Lecture 5. Quote the source of the article in your report or if the article is obtained from the web, quote the web address.
  2. Each article should deal with a different aspect of the market your group is working on (for example, demand, supply, market equilibrium, elasticity, utility etc).

Analyzing your Market

  1. You have to examine the determinants of the demand and supply of your product or service.
  2. Analyze the impact (if any) of the events or phenomena reported in the articles on the equilibrium price and equilibrium quantity of the market, or shortage or surplus of the product or service.
  3. You are required to use the lecture notes and textbook to help you better illustrate your analysis. If you extract exact phrases or sentences, please put them in quotation marks in your report.
  4. You may draw on the analytical tools and concepts from Lectures 1 to 5 to aid your analysis if they are relevant. Draw diagrams to support your analysis if needed.

Writing your Report

  1. Use Times New Roman Font Size 12pt.
  2. Number your pages.
  3. Use single line spacing.
  4. Save as Word document.
  5. Your report should have a word count ranging from 1000 to 1500. Each Analysis (Part 7(a) - 7(e) in the template below) should have at least 200 words. 2
Posted Date: 3/6/2013 4:14:39 AM | Location : United States







Related Discussions:- Analyzing market product or services, Assignment Help, Ask Question on Analyzing market product or services, Get Answer, Expert's Help, Analyzing market product or services Discussions

Write discussion on Analyzing market product or services
Your posts are moderated
Related Questions
Q. Explain about Banking Cycle? An economic cycle that results from cyclical changes in the attitudes of banks toward lending risk. When economic times are good, bankers become

Return on Equity: It's a measure of business profitability equal to net after-tax income divided by average level of shareholders' equity in the business. Sales Tax: A tax im

With current technology, suppose a firm is producing 400 loaves of bread daily. Assume that the least cost combination of resources in producing those loaves is $180 ( 5 units of

Reasons for development planning: To maximize the utilization of economic resources: The resources of any nation are not always enough for her use. In this wise, resources mus

Defined Benefit Pensions: A pension plan that pays a specified monetary benefit, generally based on a pensioner's years of service and their income at the time of retirement.

What is the Macroeconomics? Macroeconomics is study about the aggregate behavior of the economy like how the actions of all the individuals and firms within the economy intera

BALANCE OF PAYMENTS AND PROBLEM OF DEFICITS: The principal tool for the analysis of the monetary aspects of international trade is the balance of international payments set

Is the terms of trade (TOT) explained as the ratio of the value of exports to the value of imports? How does the TOT relate to the exchange rate? The terms of trade (TOT) is ex

What are the economies and diseconomics of scale?

Discretionary Fiscal Policy: Some government taxing and spending programs can be adjusted by government in response to changing economic circumstances. These discretionary measures