In: Economics assignment help


Principles of Economics: ECON11026

Assessment Item 2 – Short Answer Questions Length: Approximately 1500-2000 words (Approx. 400-500 words for each question, excluding graphs, tables and reference list) Question 1: Refer to Chapter 6- Imperfect Competition (a) Explain with real life examples and illustrate short-run profit maximizing situation under (i) monopolistic and (ii) dominant firm price leadership under oligopoly. (1.5 marks each= 3 marks) (b) Define, illustrate and explain with examples the method of price discrimination used by (i) airlines and (ii) cinema industry in Australia. (2 marks each=4 marks) Question 2: Refer to Chapter 7- Market Failure and Government Policy (a) Assume that a firm discharges waste…


Economics Assignment : Short Answer Questions

Assessment item 1 Value: 10% Length: Approximately 500 words Submission method options Alternative submission method Task Assignment 1 consists of two short answer questions (worth 5 marks each) based on Text material. Before attempting this assignment you are expected to have read Text chapters 1, 2, 3 and 4. Sources used in your answer should be fully referenced in APA 6th style. Answer the following questions ensuring that you apply economic principles or theory related to (a) the concepts of supply and demand for Question 1 and (b) the concepts of specialisation and exchange for Question 2 to inform your analysis and support your decisions. Communicate your ideas with correct grammar, spelling and…



Assessment 2: Research Essay 30 marks Length 3,000 words Please note that this question requires substantial research (see the assessment criteria below). (a)  Critically compare and contrast the characteristics of four market structures (ie. monopoly, oligopoly, perfect competition or monopolistic competition) regarding the allocation of resources. Provide a real life example of each market structure. (16 marks) In answering this question you need to Discuss the key features of each market structure such as number of sellers, type of product, entry conditions. Using diagrams, explain short run and long run profits and losses in four market structures. Compare the allocation of resources in monopoly, oligopoly and…


ECO5000 Assessment : Economics for Managers !

Assignment 1 Three Short Answer Questions/Problems Content Coverage: Module 1 (Weeks 1 to 3) Due: Monday 7 August 2017 at 12 midnight (USQ time) Value: 15%   Instructions A cover page will go at the front of your assignment submission. It must contain the following information at a minimum: Name (in full), USQ student number. The answer to each question shall have a maximum length of one (1) A4 page, font size 12. Content which goes over the one page limit per question will not be marked. Each question shall be marked out of five (5) – content 4.5, research, presentation,…



Assessment item 3 Assignment 3 Value: 10% Due date: 15-May-2017 Return date: 05-Jun-2017 Length: 1000 Submission method options Alternative submission method Task Assignment 3 consists of two problems worth 5 marks each. Text material which may be relevant to the question may be drawn from any of text chapters 12, 13 and 14.   Question 1   Using data from the Australian Bureau of Statistics (ABS) collect information on the consumer price index (CPI) and average weekly earnings for the period 2005 to 2015 inclusive. Employ annual figures.  Define and provide sources for the data obtained including the ABS catalogue number.   Calculate the rate of…


Economics – assessment item 2 !

Assessment item 2 Assignment 2 Value: 30% Due date: 24-Apr-2017 Return date: 16-May-2017 Length: Approximately 2000 words Submission method options Alternative submission method Task Assignment 2 consists of two problem questions (worth 15 marks each) based on text material. Text material which may be relevant to the questions may be drawn from any of text chapters 1-10. Answer the following: Question 1 Assume the government wishes to reduce alcohol consumption by considering a higher excise tax on alcohol products. Collect information on estimates for the price elasticity of demand for alcohol products. Based on these elasticity estimates illustrate using a demand/supply diagram(s) who bears the burden of…


ECO 511- economics for business!

Get assignment help for this particular assignment by placing your order at OR you can also mail us at [email protected] Question  Answer the following: Why might an increase in government expenditure give rise to inflation? Rationale The question addresses the following learning outcome: be able to examine critically the health of the economy as a whole through the analysis of major economic variables and advise on likely policy alternatives.   Marking criteria Learning objective: Academic writing and applying economic principles and theories to labour market issues.   High Distinction(85%+) Highly developed skills in expression and presentation of ideas. Fluent writing…


Business Cycle in Economics – Assignment help !

# INTRODUCTION TO BUSINESS CYCLE : The term “business cycle” is composed of periods of good trade characterized by : rising prices, low unemployment alternating with the periods of bad trade characterized by : falling prices and high unemployment. In other words, Every country witness boom and depression. These changes of boom and depression are generally cyclical in nature. Hence called as business or trade cycles. OR Rhythmic fluctuations in an economy, at intervals in form of boom and depression are called as business cycles. # PHASES OF BUSINESS CYCLE : Business cycle are identifies as having four different phases:- #…


Price & Output determination : Monopolistic Competition

# INTRODUCTION : As we know, under Monopolistic competition MR is not equal to AR as in case of perfect competition. So, if a firm wants to sell more units of output, it will have to lower its price per unit. That is the reason why under monopolistic competition AR and MR curves are sloping downward from left to right. A firm , under monopolistic competition reaches its equilibrium when produces up to that limit where its Marginal cost (MC) is equal to Marginal revenue (MR) and MC cuts MR from below. # EQUILIBRIUM OF FIRM UNDER MONOPOLISTIC COMPETITION : Firm’s equilibrium under monopolistic competition…


Understanding Monopolistic Competition – Assignment help !

# INTRODUCTION TO MONOPOLISTIC COMPETITION : We already know about the two extreme situations of market, namely perfect competition and monopoly.  But in real life, situation is the mid way between these two extremes. This is Monopolistic competition also referred as imperfect competition. Monopolistic competition is a market structure, wherein there are many sellers of a commodity, but the product of each seller is some what different from other sellers. This product differentiation manifest itself in  trade mark brand name quality differentiation OR different facilities offered For example : Firms producing different brands of tooth paste such as Colgate, cibaca, pepsodent, close-up etc are…