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

Explain about the deadweight loss and elasticitie, Explain about the deadwe...

Explain about the deadweight loss and elasticitie s. Deadweight Loss and Elasticities The general rule for economic policy is the other things equivalent; you need to choose

Impact of government legislations on business, Impact of government legisla...

Impact of government legislations on business in india Government in India plays a dominant role in the Indian business activity. It directs and regulates the private business and

Derived demand, which is the following is an example of a firm''s derived d...

which is the following is an example of a firm''s derived demand?

Demand and Supply, #questDuring the 1990s, technological advance reduced th...

#questDuring the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in ter

Rational expectations and economic theory , RATIONAL EXPECTATIONS AND ECONO...

RATIONAL EXPECTATIONS AND ECONOMIC THEORY : We assumed above that the role of economic theory is not to provide quantitative predictions about the future. Suppose we assume ins

Learning curve in practice, Learning Curve in Practice * Scenario - ...

Learning Curve in Practice * Scenario - A new firm enters chemical processing industry. * Do they: 1) Produce a low level output and sell at high price? 2) Produce

Economic planning, what are the recommendations for effective economic plan...

what are the recommendations for effective economic planning?

Calculate wi’s cost of debt and wacc, 1.    Introduction Wood Investm...

1.    Introduction Wood Investments (WI) is a private equity fund that specialises in the leveraged acquisition of publicly-quoted companies with the intention of producing h

Determine the nash equilibrium, Player 2   C ...

Player 2   C B A 1,2 3,2 B 2,3 a, b         Player 1

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