Managerial Economics - Report on Microeconomic Analysis - Economics Assessment Answer

Economics Assessment Task

1. Select an appropriate research /journal/newspaper/ web article related to MICROECONOMIC issues published after June 1st, 2019. The article should relate to one
or more topics in economic theory (topics week 1-6) that will be discussed in the lectures /workshops. You have to critically analyse the article using the economic theory and tools learnt in the course.
2. Start the report with an introduction covering the issues or research questions discussed in the article.
3. Outline the theory relevant to this article (for instance if you select an article on fuel prices, outline the theoretical concepts related to the issue such as demand, supply, pricing etc.).
4. Apply your theoretical knowledge about the topic to the selected article and draw your own diagrams or use data from authentic sources to make an analysis. In this section, you will mainly be discussing what the theory suggests and how this is applicable in the real-life scenario. Or you may find that the theory is not working, then find the reasons as to why the situation is not working according to what you studied in theory. (Refer to ‘An inside look’ section at the end of each chapter in the textbook for examples).
5. Please do refer to some other sources like some more recent articles or recent news related to the same topic and use the additional important information from other sources in your analysis.
6. Prepare a report with main headings as (i) Introduction (ii) Outline of the theory (iii) Empirical analysis (iv) Conclusion (v) Recommendations followed by references. Please also include an
Requirements:
The report should be approximately 1800- 2000 words in length.
2. It is important to include well labelled original diagrams and recent data from reliable sources.
3. Attach and submit the copy of the article showing date and source along with the hard copy of your report.

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