Order ID: 89JHGSJE83839 | Style: APA/MLA/Harvard/Chicago | Pages: 5-10 |
Instructions:
Description
Required Report: Economic Case Study
I. Classify the firm into one of the four basic market models
A. Select a company from a current business periodical or where you work, and state which market model is represented by this company. Explain your reasoning using a narrative format. (Refer to CHART on market characteristics in the study guide.)
B. State the basic industry problem and proceed to analyze using the following methodology where appropriate. Be sure to include the six (6) graphs, as indicated.
c. Watch the supply and demand analysis video series (Steps 1, 2, and 3) provided for you in this module to help you create your supply and demand graphs.
D To learn how to create graphs in Microsoft Word you may view the video called
Economic Class – How To Make Graphs in Microsoft Word.
(Links to an external site.)
II. Supply & Demand and the Price System Graphs
A. What is the current demand situation is the curve changing (use graphs)?
Graph #1: Demand Curve and any Changes (CHOOSE ONE):
1. Curve shift and underlying causes
2. Movement along the curve and causes
B. What is the current supply situation is the curve changing (use graphs)?
Graph #2: Supply Curve and any Changes (CHOOSE ONE):
1. Curve shift and underlying causes
2. Movement along the curve and causes
C. Market Equilibrium (use graphs)
Graph #3: Demand & Supply Curves with Changes
1. Surplus/shortage (where appropriate)
2. Price ceilings and price floors (where appropriate)
D. Changes in Income & Results
1. Superior/normal or inferior goods
E. Changes in Prices of Related Goods & ResultsCHOOSE ONE:
1. Name a Substitute, complement, or independent goods
III. Costs & Profits: From the article see if the company is above target (Eco. Profit), on target (Normal profit) or below target (Loss).
A. Short-run Costs (use graphs)
Graph #4: Short-run Profit or Loss (use MC, AR, ATC, and AR; shade where appropriate) (refer to Work Book PG. 224)
1. State whether firm is earning a normal or economic profit, or a loss. Illustrate on graph 4.
2. State any productivity and pertinent cost problems and the resulting effects on graphs. . Long-run Costs (use graphs)
Graph #5: Long-run Profit or Loss (use MC, AR, ATC, and AR; shade where appropriate) (refer to Work Book PG. 224)
1. State whether firm is earning a normal or economic profit, or a loss. Illustrate on graph 5.
Graph #6: The Planning Curve: LRATC & Optimal Plant Size (Economies & Diseconomies of Scale) (refer to Work Book PG. 181
1. Graph the LRATC, show economies and diseconomies of scale, and mark with an X the companys position.
IV. Conclusion/Summary
A. Recapitulation of Findings
B. How could the economic problem be corrected?
V. Prediction for Future
A. State your personal prediction for the future. Support your answer.
Note: Your paper must be 3-4 typed pages in length including your graphs. You must include a copy of the article you used in your research. Please attach your article to this paper, You must submit your paper either in person on paper with a proper cover page or online by clicking on Submit Assignment in the upper right side of your screen.
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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