identify phenomena suitable for economic analysis
Topic: Identify and describe a particular market that experienced changing conditions amenable to comparative statics analysis. Present an appropriate model of this market, the changing conditions on the demand and/or the supply side and analyse the effects these should have, in theory, on the market. Compare your findings to actual events in the market. Comment on business policy implications.
* 1500 words
* Don’t need Executive summary. Form including Introduction, Body ( clarify each question), Conclusion.
* Draw Graph
* At least 8 Academic References: (Harvard Styling)
* The objective of this assignment is for you to develop your grasp of economic concepts and your ability to apply them to business situations in order to gain insight for policy.
In particular, the assignment will ask you to demonstrate your ability to
– identify phenomena suitable for economic analysis
– conduct independent research about such phenomena and the applicable economic theory
– build and employ appropriate economic models and theories to represent and examine these
– perform correct analysis of the models and make correct inferences from their analysis
– use the analysis to generate relevant and appropriate policy or practical insight
present written economic ideas and analysis effectively
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