What macroeconomic indicator should be monitored closely

Reference no: EM132448501 , Length: word count:800

ECOM4000 - Economics - Kaplan Business School

Part A: Microeconomics

Source 1: Macquarie Analysis: Woolworths Trails Coles on Grocery Prices (by Catie Low)
Source 2: Supermarkets Price War
Source 3: Supporting Diagrams

Problems

Problem 1
What type of market structure do Coles and Woolworths operate in? Justify your answer with reference to some limited research and the appropriate economic theories. Your answer should include a diagram.

Problem 2
Based on your answer to Problem 1, and with reference to the appropriate economic theories, discuss the effects of pricing in this market, especially in regard to revenues. Is it in the interests of Woolworths and Coles to have a price discount war? Why or why not?

Problem 3
What type of market structure is the market for vegetables provided by farmers? Explain why with reference to Sources 2 and 3 and the appropriate economic theories.

Problem 4
How would falling prices for vegetable products due to the price war affect the individual vegetable producer? Demonstrate your answer with reference to a diagram showing only an individual farmer's cost curves. Would small farmers be forced to leave the market in the long-run? Why or why not?

Part B: Macroeconomics
Source 1: Spanish Growth Quickens, Says Central Bank
Source 2: Trading Economics Graphs

Problem 1
Based on the article and graphs above, what phase of the business cycle do you believe Spain was in during 2013? Explain why with reference to theory and represent this phase of the business cycle using an aggregate demand and supply model.

Problem 2
Based on the article and graphs above, what phase of the business cycle do you think Spain has entered in 2014? Why? Use your aggregate demand and supply model from Problem 1 to demonstrate what happened to the economy in 2014.

Problem 3
Given Spain's most recent unemployment rate, if 17,353,000 people were currently employed how many people would be unemployed?

Problem 4
Based on the article above, what phase of the business cycle is the Indian economy experiencing in 2016? Justify your answer with reference to economics theory and support your analysis with a graph showing where the Indian economy is operating.

Problem 5
How would the falling energy costs affect the Indian economy in 2016? Why? Show this effect in your graph from Problem 1.

Problem 6
What macroeconomic indicator should be monitored closely in India in 2016? What can the Reserve bank of India do to control this indicator?

Attachment:- Economics.rar

Reference no: EM132448501

Questions Cloud

Analyze business transactions : Analyze business transactions ,Journalize the transactions ,Post journal entries to general ledger accounts.Prepare a Trial Balance in the Worksheet

Estimate the expenses associated with your business : Describe how you would estimate the expenses associated with your business. Explain why your estimate of the net cash flows (in dollars) could be overestimated.

What options are there for subscribing to a car : With the arrival of reliable, fast, networked digital information, businesses can track the location and status of all kinds of objects, such as cars.

Describe how blockchain may be used in that industry : This assignment is for you to develop a research paper based on readings and other research you did regarding Blockchain. Pick an industry you feel will be.

What macroeconomic indicator should be monitored closely : What macroeconomic indicator should be monitored closely in India in 2016? What can the Reserve bank of India do to control this indicator

Describe aspects to implementing the six-sigma concept : Describe the two aspects to implementing the six-sigma concept. Use at least two unique references. Length: 4-5 paragraphs. Describe the ten guidelines for.

Discuss the growth stage of the PLC : Identify one product or brand that you think is in the growth stage of the PLC. Describe the product industry and provide support for your position.

Describe the impact of the product or brands life cycle : Describe the impact of the product or brand's life cycle on the role of marketing mix variables (product, price, promotion, and place/distribution).

Costa customs social strategy profile : How different social media channels contribute to meeting marketing objectives. which social media strategy you'd recommend utilizing for each chosen platform

User Account

All Pages