Reference no: EM131590113

PAPER ASSIGNMENT

Paper on an organization or economist of interest to the student

Length: min 1,200 words

Approval in advance: Topic for Paper must be approved in advance by the Instructor.

Topics:

Microeconomics students must present a real-world company or other entity to analyze from a Microeconomics perspective. Convey the following information:

1. Identify

a. the company's "market type", such as Perfect Competition, Monopoly, Oligopoly or Monopolistic Competition, plus
b. whether it is a Private Enterprise, Government entity or Non-Governmental Organization, and
c. whether the product it purveys is a good or a service, and
d. Is product a private good, a public good, a Common Resource or a Club Good/Natural Monopoly?

2. Present information about

a. the Industry in which that company or other entity fits,
b. the approx number of enterprises in it, in the US only or globally, and
c. the dollar value and percent of overall output represented by that industry, and
d. the approx. percent of output in that industry represented by your selected entity.

3. Describe

a. ownership,
b. the overall operations,
c. production (how it produces its product),
d. marketing strategy (how it spreads awareness of its product),
e. sales strategy (how it distributes its product), and
f. customer service (how it responds to product issues)

4. Explain how the company's strategy does (or perhaps does not) fit within the structure of "market type" mentioned at the beginning.

If you choose an economist, the paper will cover four areas:

1. The economist's background;
2. The school of thought to which the economist belonged;
3. What theories did the economist create or advance;
4. What were the economist's major contributions to Microeconomics with special reference to what we teach in this course?

Attachment:- Guidelines-for-Paper.rar