Reference no: EM132425763 , Length: word count:4000

HI5003 - Economics for Business - Holmes Institute

Purpose of the assessment:

Students are required to work in groups to choose an industry/Sector of their choice. While working in a specific group, students are required to apply their knowledge learned in the course unit to write an industry/sector report

Topic - Public Transportation

Purpose:

This assignment aims to enhance students' research and analytical ability through the application of their economics knowledge learned in the course unit to compose a company report.

The recommended assignment structure for final submission is as follows:

• Table of content
• Executive Summary (Optional)
• Introduction
• Introduction to the company
• Industry/sector background
• The market structure of the industry/sector
• Factors that influence demand for the company's product(s)
• Factors that influence supply of the company's product(s)
• Elasticity
• Impacts of an event on the industry/company
• Conclusion
• List of References.

Detailed requirements of the assignment

You are a group of advisors to the Management Board in your company with Headquarters in Australia. As advisors you are first, required to conduct research on your selected sector/industry covering the previous 5- 10 years. Second, you are required to present a company strategy to your Management Board covering the next 5 years. Third, your Management Board requires that you make a presentation of your findings and strategies, and you prepare a 2,500 word market report. The market report should, as a minimum, address the following key issues:

1. A description of your company and the industry your company

2. An analysis of the market structure the industry

3. A discussion about the demand and supply conditions for your product(s) or service(s).

4. A discussion about the demand elasticity for your product(s) or service(s)

5. An analysis of a recent event that has (or is likely to have) substantial impacts on your industry/sector.

Group Assessment Plan

An effective way for students to learn economics is through participation in a Group Assessment Project. This project is designed to accomplish effective learning.

During the course of the semester, each of the elements of your Group Assessment, will be reviewed your Lecturer. The lecturer is encouraged to review each submission and suggest areas for improvement, for more detailed study, or if acceptable to allow the students to proceed to the next phase in development. At the end of the semester, each group is to present their entire Group Assessment in class or via Video in class as will be determined by your Lecturer to the class.