User Account

All Pages

Huge oil importing countries such as china or india

Assignment Help Macroeconomics
Reference no: EM13844709

Business economics assignment Program:  INDIVIDUAL ASSIGNMENT

The price of oil is determined by supply and demand. The price of oil has fallen from $115 per barrel in mid July 2014 to as low as $50 in January 2015 and now hovering around $60 per barrel in mid June 2015 (a fall of almost 50%)

a) Based on your understanding of the economic theory of supply and demand, describe why the price of oil has continued to fall so much even though the consumption of oil has not decreased substantially

b) With oil price falling, there will be some countries that will benefit and some countries who will lose out. How would the fall in price of oil affect the economies of:

i) huge oil importing countries such as China or India (have very little oil of their own)?

ii) huge oil exporting countries such as Saudi Arabia or Iran ( have a lot of oil to export)?

iii) exporting a lot of oil as well as consumes a lot of oil as well internally ( USA or Indonesia)?Length: 1200 words maximum Report sections:The key sections to be included are: Executive summary; Usage of the economic theory of supply and demand, Describe the winners and losers in the fall in the price of oil; Conclusion; Bibliography and Appendix.Marking criteria:Executive summary 5 marksUsage of the Economics Theory of Supply and Demand 30 marksDescribe the winners and losers in the fall of price of oil 50 marksReferences and referencing 10 marksReport formatting 5 marksTotal marks 100%

Reference no: EM13844709

Questions Cloud

The loan proposal portion of the business plan : The loan proposal portion of the business plan should include which of the following:
Could you see yourself working in such an organisation : Could you see yourself working in such an organisation? You may want to look up some of the videos that are available on LRN's website about its culture and leadership
Description of her new ventures product line : Kyoto is writing a description of her new venture's product line and how it compares to her competitors' product lines. She is writing the ________ portion of her business plan.
Phrase avoid the off-the-shelf cookie-cutter approach : The phrase, "avoid the off-the-shelf, 'cookie-cutter' approach that produces look-alike plans" means:
Huge oil importing countries such as china or india : huge oil importing countries such as China or India
What role does nationalism play in terrorism : What role does nationalism play in terrorism. What causes an individual to become a terrorist. How is the average European affected by terrorism in the age of globalization
Sustained rise in private investment spending : currently Australian consumers are paying off their debts and not spending. Using the simple Keynesian model to assess the implications for equilibrium GDP and the level of savings of an increase in the savings function .Conversely what would happ..
How does us gaap differ from international gaap : How does US GAAP differ in this treatment from International GAAP? Support your answers by the use of at least one reference.
Secret banking elite rules trading in derivatives : Regulators should assert influence over the derivatives market, like they do with stocks, and require derivatives to be traded on an open exchange where buyers and sellers disclose prices and fees.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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