Reference no: EM133751216 , Length: word count:1850
Report on Microeconomic Analysis
Effective business leaders regularly contribute to public debates on key economic policy issues. To effectively engage in a debate you require some understanding of the topic being debated as well as an understanding of the tools and the language of economic analysis and reasonine The aim of this report is to develop these skills by critically analysing an economic new article. This assignment should be focused only on microeconomics topics covered in lectures 1-5 (Thinking like an economist, Demand and Supply, Elasticity, Economic Efficiency and Govt. Intervention, Market Failure and Market Reforms).
Steps:
Select an appropriate research /journal/newspaper/web article that is published after 1st Jan. 2024 and is related to MICROECONOMIC issues.
The article should relate to one or more topics (not required to cover all the topics) in microeconomic theory (lectures 1-5) that will be discussed in the lectures /workshops. For instance, you may choose L2 Demand and Suppy topic and do a report on that topic. You have to critically analyse the article using the economic theory and tools learnt in the course.
Start the report with an introduction covering the issues or research questions discussed in the article.
Outline the theory relevant to this article (for instance if you select an article on fuel prices, outline the theoretical concepts related to the issue such as demand. supply, pricing etc.). Please note that your outline of the theory section should have definitions/ concepts from the textbook and/or authentic sources and not from web sources. So you must refer to textbook sources for this section.
Apply your theoretical knowledge about the topic to the selected article and draw your own diagrams or use data front authentic sources to make an analysis. In this section, you will mainly be discussing what the theory suggests and how this is applicable in the real-life scenario. Or you may find that the theory is not working, then find the reasons as to why the situation is not working according to what you studied in theory. (Refer to 'An inside look' section at the end of each chapter in the textbook for examples).
You are required to refer to some other sources like some more recent articles or recent news related to the same topic and use the additional important information from other sources in your analysis. You should read from multiple sources and refer them in your report As a rough guide. your reference section should have a good 8-10 references. This part will help measure the evidence and quality of your research.
Prepare a report with main headings as (i) Introduction (ii) Outline of the theory (iii) Empirical analysis (iv) Conclusion (v) Recommendations followed by references. Please also include an Executive Summary page.
Submit the report on or before the due date through Tumitin under the "Assessment tab" on BB.
Note: The presentation document on bb is a good guide to think about the possible topics for this report.
Essential Report Requirements:
The report should be approximately 1800- 2000 words in length.
It is important to include well labelled original diagrams and recent data from reliable sources.
An important part of report writing is to correctly reference the sources of information that you have used. Correctly referencing your work will help to avoid plagiarism. Plagiarism means presenting the work or property of another person as one's own, without appropriate acknowledgement or referencing. Plagiarism is a form of cheating. The penalty for plagiarism is a mark of zero and possible expulsion from the unit and/or course of study. Turnitin is a software that generates the originality report of your work and highlights the work that has been copied from any possible sources and not been referenced properly. Any plagiarism detected through this software or otherwise would be penalized. (if not sure how it works, ask your UC before your submission).
Report (s) must be accompanied by CBS cover Page containing the student(s) name, student (s) ID, unit name, workshop day and time and title of the report. Students should allow a 2 to 3-week marking turnaround for written reports. It is the student's responsibility to keep electronic copies of their reports.
Please note that your report should be very specific.
Ensure that your report is well proof-read, that the argument flows well and logically. You should keep a focus on the relevant subject matter all the way through the report.
Your report should be written in font size 12 in Times New Roman and in a Microsoft Word document.
Include a reference list (works referenced in report). not a bibliography (works read) at the end of the report.
Referencing is a (standardised) method of acknowledging any sources of infonnation and ideas which are not your own. Referencing enables you, and the reader, to clearly identify the source of information in your essay. References should be properly cited in the body of the essay. using Chicago referencing. Note the following: i) If you are using a direct quote, put the quote in inverted commas. ii) Quota from books should show the author, date and page number. iii) A paraphrase means that you have condensed a whole paragraph into one or two sentences of your own.