sher's microE sos

i need help on my micro economics project!!!someone please help me! im in charge of the one concept from demand and supply!




BM0007 Microeconomics
ICA 2 Instructions

This is a group project and you will be in groups of 5 students organized by your tutor. Please use the resources at the International Business Research Centre (IBRC), at Block B level 3, especially for online research. Do not confine your research using Yahoo! Search. Approach the IBRC staff for help if you do not know how to use the online resources.

Marking

The ICA is 50 marks and will be converted to 20% of the module marks.

What to submit

You are to submit your report, which should not exceed 5 pages (Tms roman 12 font size, single-spaced), including diagrams and figures. The report should answer the questions below and will account for 30 marks.

The other 20 marks are awarded based on your presentation. You are to submit a copy of your presentation material. If it is a skit, submit the script. If it is video, submit a copy of the CD-Rom.

Questions

Your group will be allocated a market structure and answer the following questions:

General Guide

You should research the topic with empirical evidence to support your answers where possible. Please do not plagiarise from textbooks or websites.

1. Introduce your company and its product. You are required to use evidence to support your explanation for the market structure. This would include looking into the characteristics of the industry.

Please read ahead of the market structure lessons







2. Use 3 of the following economic concepts you learn to analyse and explain the behaviour of the firms in the industry / market.

One concept from demand and supply concept
One concept from either Price, Income and Cross elasticity
One concept from market structures.

3. Discuss 2 determinants of demand and/or supply for the product or service in the industry.

Students will be allocated one of the following market structures by drawing lots.

Cinema entertainment service providers
Childcare service providers
Taxi services
Singapore Public Utility Board
Souvenir retail shops
Singapore mass rapid transit service provider (North East Line only)


Presentation

The presentation could be in the form of a powerpoint presentation, multimedia presentation, video or skit. In other words, the creativity of your presentation will be rewarded. The duration of the presentation should not be more than 10 minutes. Every member is expected to participate in the presentation.