University : University of South Australia UniLearnO is not sponsored or endorsed by this college or university.
Subject Code : ECON5020
Assignment Task:

ECON5020 Economics Assessment Task

TOPIC:
Choose a firm that has a major presence in Australia. Define the market and identify the key competitors. Analyse the output market characteristics of this firm (e.g. perfect competition, monopoly, oligopoly etc.). Justify your answer using real-time market data (e.g. market share, profits, sales etc.) for this industry in recent years. You should make use of the Herfindahl index and market concentration ratio for your justification.
Next, assume ONE change in the market conditions (e.g. changes in cost of production, new entry or exit of firms in the industry, changes in government policy etc.). How will this change affect the market as well as your firm’s position in the market? Does this change affect the profit maximising level of output and price?

• Your task is to write a short research paper on the above topic. Word limit: 1500 words including references.
• Via email, submit your choice of firm and a brief progress report to me in Week 6 (not more than an A4 page: maximum of 500-600 words).
• Please note that this is an individual research assignment.
• You need to submit your assignment by the end of Week 10 Please note, submissions after the due date will attract a penalty of 10% per calendar day or part thereof.
• This is a research project. I expect it to take the appearance of an academic paper and be structured as follows:

  • Introduction

Mention the main objectives of this research and the reasons you chose this firm. You may cite any relevant literature to explain the importance of your research.

  • Basic analysis of the firm characteristics

What kind of a market is this firm competing in - perfect competition, monopoly, oligopoly etc.? Justify your answer using real-time market data (e.g. market share, profits, sales etc.) for this industry in recent years. Which firms are the main competitors? How do competitors influence the pricing decision of this firm? Comment on the overall industry.
o Change in market conditions
What happens when the market conditions change? You can use diagrams, charts, and tables to explain your findings.
o Conclusions (may be in one short paragraph)
Summarise your findings and future policy implications for this firm and the industry overall. Is there any role of the government?

 

This ECON5020: Economics Assignment has been solved by our Economics experts at UniLearnO. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.

Be it a used or new solution, the quality of the work submitted by our assignment experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.

Eureka! You've stumped our genius minds (for now)! This exciting new question has our experts buzzing with curiosity. We can't wait to craft a fresh solution just for you!

  • Uploaded By : Alex Cerry
  • Posted on : June 13th, 2019

Whatsapp Tap to ChatGet instant assistance