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Find a recent real world example of a change in market conditions, for example an observed change in prices or the quantity of a good or service. Using theories of economics, such as the demand and supply model, explain the impact of changing market conditions on the price and quantity of goods or services traded.
Date Posted: 28/04/2021
Category: Business
Due Date: 04/05/2021
Instruction
The real world example: will be sourced from newspapers or other media be for a specific city, country or global and over some time period illustrate a change in market conditions You need to pick a market to analyse, it must have had a market shock (unexpected change) in 2020 - 2021. It cannot be a market with price fluctuations like petrol prices, which always occur so are expected, or one that has seasonal variations which are expected – like snow ski ticket sales in summer compared to winter. The word limit is 1,000 words; Research your essay topic, gather information from a range of sources Structure your essay. It needs: • An introduction – short and sweet introducing the topic and market in 2 – 3 sentences • A paragraph describing the market – the market overview • One – two paragraphs analysing the impact of the market shock / change – apply as many economic concepts as you can from weeks 1- 8 • A conclusion summarising your findings Do not include bullet points in an essay, if you want to present summarised information you would normally present in dot points, use a text box or chart. . Include a chart or graph you have created yourself; this will demonstrate you can apply the concepts discussed in workshops and lectures to your market. Please don’t copy and paste charts you’ve googled. If you aren’t a computer whiz, it is fine to hand draw the graph, take a photo of it and insert it into your essay. REFERENCE CORRECTLY!!! Harvard referencing must be used
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