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Discuss the industry in terms of course concepts

Assignment Help Macroeconomics
Reference no: EM133028827

This individual project is intended to further your understanding of how firm behaviour is informed by economic principles and public policy in real-life applications. You are asked to write an individual essay between 1000-1500 words (plus figures and references). You are encouraged to send essay topics to be reviewed and approved by the instructor.

This assignment accounts for 20% of your total grading of the course. Choose one of the following paths for your project:

PATH 1: Data Analysis Collect data on a specific industry or firm. Discuss the industry in terms of course concepts (supply and demand equilibrium, elasticity, best responses, rational decision making, market dynamics, pricing strategies, externalities, market dynamics and competition law, etc.) The key is to focus on what is most salient for the industry or firm, and frame the scope appropriately.

PATH 2: News Analysis Find a recent news article (from the last 2 months) related to microeconomics issues, e.g., market for a product, an industry, or an individual firm. Use the microeconomic concepts/theories of the course to analyze the situation described in the news article. Discuss the important events raised in the article and explain how they affect the industry or the firm under study based on course concepts. If applicable, provide recommendations on how to address issues raised in the article. The recommendations must be grounded in economic thinking.

NB: Please, provide a proper citation of any resource used in this work. Use APA standard for the format of your final report.

Reference no: EM133028827

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