Analyzing market product or services, Microeconomics

Assignment Help:

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

Related Discussions:- Analyzing market product or services

Physical capital, Physical Capital: A tangible tool, machine, building or o...

Physical Capital: A tangible tool, machine, building or other productive asset that is used to produce other goods or services. Pollution: Many economic activities involve disch

Microeconomics, Define the concept of cross elasticity of demand

Define the concept of cross elasticity of demand

Need answer as a assignment right now please, Consider what would happen if...

Consider what would happen if a taxes of 10000$ was imposed on imported automobiles on dealers.Using a demand and supply diagram, show its impact of price and quantity. Suppose the

What is average revenue and average revenue curve, What is average revenue ...

What is average revenue and average revenue curve Average Revenue:   The average revenue is the total revenue separated by the level of output. It is therefore the price.

What are the policies and long-run growth of us, What are the Policies and ...

What are the Policies and Long-Run Growth In many concerns it is decidedly odd that world distribution of output per worker is as unequal as it is. Migration, World trade and f

Cost sharing in higher education, Normal 0 false false fals...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Significance of wastage in supply and demand calculus, Normal 0 ...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Private returns versus social returns, Private Returns Versus Social Return...

Private Returns Versus Social Returns As there is subsidisation of education by the state in all countries (and a little higher subsidisation in developing countries) it happe

Define the production terminology in short, Define the production terminolo...

Define the production terminology in short. Production Technology: Production is the procedure of transforming inputs to outputs. Characteristically, inputs consist of labor

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd