HI5003: Economics for Business - Report Writing Assessment Answer

Internal Code: E_AI_DGDH_GJ Code: HI5003

Economics for Business Report Writing Assessment Answer

Assignment Task: HI5003 Students are required to work in groups to choose an industry then apply their knowledge in the unit to write an industry report. The recommended assignment structure is as follows: HI5003 Table of content Executive Summary (Optional) Introduction Introduction to the company Industry background The market structure of the industry Factors that influence demand for the company’s product(s) Factors that influence the supply of the company’s product(s) Elasticity Impacts of an event on the industry/company Conclusion List of References. Detailed requirements of the assignment - HI5003 Organize yourselves into groups of 4 or 5 students and give your group details to your lecturer(s) no later than Week 6 (for Normal Mode) or Week 4 (For Block Mode 1) and Week 8 (for Block Mode 2). Late submission of the group member list may result in your being unable to submit the group assignment. HI5003 You are a group of advisors to the Management Board in your company. In determining the company’s strategy in the next 5 years, your managers have required you to prepare a 2,500-word market report. The market report should, as a minimum, address the following key issues: 1.A description of your company and the industry your company is in, including: HI5003

• An overview of the company.
• An overview of the industry (including some key statistics such as revenue, employment, the industry’s contribution to national GDP, and industry growth rate).

2. An analysis of the market structure the industry is in, including: HI5003

• The type of market structure it is in and why (based on the characteristics of the industry).
• The market leaders in the industry and some statistics about them.

3. A discussion about (i) two determinants of demand, and (ii) two determinants of supply for  your product(s) or service(s) that you consider to be the most influential. HI5003 4. A discussion about the demand elasticity for your product(s) or service(s) which answers the  following questions: HI5003

• Is your product(s) or service(s) elastic or inelastic? Why?
• What are two factors that you consider affect the elasticity of demand for your product (or line of products) the most? Why so? (You can research for evidence to justify your argument(s)).

5. An analysis of a recent event that has (or is likely to have) substantial impacts on your industry. The analysis may include: HI5003

• A brief description of that event.
• How has that event affected (or is likely to affect) the market demand and/or supply?
• What is the likely effect of that event on the market price and quantity? Note that relevant empirical evidence can be researched and provided to support your arguments.

You may choose to do your research in one of the following industries: construction/housing/ property development, education, or mining. HI5003 Note: if your company has many products and/or services, you can select a representative product/service to discuss for points (2); (3); (4); and (5). This report should provide useful information for your company’s Management Board. It should use a variety of resources, including the textbook, newspapers, industry reports, the ABS website, and other sources. A list of several websites that may be useful to you is attached. HI5003

This HI5003: Economics Assessment has been solved by our Economics experts at onlineassignmentbank. 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.