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Microeconomics Assignment 1 (10%) : Project Guidelines

This document provides guidelines for a microeconomics assignment. Students must write a 7-10 page report analyzing the microeconomic factors affecting an industry. The report should be organized by answering 7 questions about industry competitors, market shares, demand factors, economic and non-economic considerations affecting supply and demand, costs of production, relevant elasticities, and whether industry elasticities are large or small. The report is due by the critical path deadline and must be submitted online in PDF or Word format. It will be checked for plagiarism using SafeAssign or Turnitin.

Uploaded by

Bakhtawar Saba
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32 views3 pages

Microeconomics Assignment 1 (10%) : Project Guidelines

This document provides guidelines for a microeconomics assignment. Students must write a 7-10 page report analyzing the microeconomic factors affecting an industry. The report should be organized by answering 7 questions about industry competitors, market shares, demand factors, economic and non-economic considerations affecting supply and demand, costs of production, relevant elasticities, and whether industry elasticities are large or small. The report is due by the critical path deadline and must be submitted online in PDF or Word format. It will be checked for plagiarism using SafeAssign or Turnitin.

Uploaded by

Bakhtawar Saba
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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MICROECONOMICS ASSIGNMENT 1 (10%)

Project Guidelines
Your report is an analysis and forecast of the microeconomic factors affecting an industry. Use
the theory developed in class, outside articles, and current and historical data on industry and
firm activity.

Some Specifics
Organization of the report:

1. Answer the Industry/Market Questions 1-7


2. Use the questions as subheadings.

Length:
 Approx 7-10 pages, double spaced. Include charts, tables, etc. to help explain your
case
 Your report must also have a cover page with student name & number
 Style is double-spaced, standard margins (1 inch) and font size (12pt)
 Reference all articles and readings using APA

1
Industry/Market Questions

Each Industry and Firm may have different areas of emphasis. There is a difference between
Industry and Market (Example: General Motors is in the Auto industry, but you may want to
focus on the SUV, passenger car, or Truck markets).

1. Who are the competitors and market shares?

2. What are the main factors influencing Demand for your Industry’s product?

3. Are there economic considerations for the Industry (for example, recession) that affect
Demand or Supply?

4. Are there other non-economic considerations for the Industry (for example, political)
that affect Demand or Supply?

5. Describe the main costs of production for the Industry (short-run and long-run). Are
economies of scale relevant for the Industry?

6. What are the relevant elasticites?

7. Are the industry elasticities ‘large’ or ‘small’?


(For price-elasticity, look at the number of substitutes, examine the relationship
between changes in prices and revenues; for income-elasticity, what are the
socioeconomic characteristics of the consumers? For cross-elasticities, what are the
relevant substitute and complementary goods? How do changes in their prices affect
your industry?)

Due:
 SEE CRITICAL PATH
Submission:
 ONLINE ONLY! - see ‘ASSIGNMENTS’ on BlackBoard
 Submit as an attachment – PDF or Word only

Late Penalties
Report Late Penalties:
 10% if not submitted online.
 10% per day if late.
 Late projects are not accepted more than one week past the scheduled due
date. The report receives a grade of zero.

2
SAFEASSIGN/TURNITIN

THE INSTRUCTOR USES SAFEASSIGN OR TURNITIN.

NOTE THAT YOU ARE RESPONSIBLE FOR THE FULL CONTENT OF THE
ASSIGNMENT SUBMITTED. IN PARTICULAR, IF ANY PART OF THE
ASSIGNMENT IS PLAGIARIZED, YOU WILL BE PENALIZED UNDER HUMBER’S
ACADEMIC REGULATIONS. NO STUDENT WILL BE EXEMPT FOR THE REASON
THAT HE/SHE WAS NOT THE PERSON RESPONSIBLE FOR COMPLETING A
PORTION OF THE ASSIGNMENT IF DONE IN A GROUP.

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