Economic

Order Description

tried to do some of question but the rest, i dont have enough time, so can you please help me, answer some question like :

Part 1: Firm Perspective [20 marks]
1. Explain using a diagram what would happen in the market for car tires if at the
same time there was an increase in the prices of rubber used in the
production of tires and a decrease in the price for cars. Explain the effects on
price and quantity. (10 marks)
2. In a perfectly competitive market for apples explain would happen in the shortrun
to the market and to individual producers if the price for pears went up.
Demonstrate your answer using a diagram. With reference to the same
diagram show what would happen to the market and individual producers in
the long-run. (10 marks)

a) What phase of the business cycle was Italy going through in 2012? Refer to
the above sources and economic theory in your answer and demonstrate the
phase of the business cycle using an aggregate demand and supply model.
(5 marks)
b) Based on the sources above and using your aggregate demand and supply
model from a) describe what happened to the Italian economy from 2012 to
2013? Explain your answer with reference to theory. (10 marks)

3. Go to the following website http://www.tradingeconomics.com/ . Find your
country (or a country close to yours) by going to the country tab at the top of
the page and briefly answer the following questions. (You will need to find
relevant economic data on your country’s page)
a) What are the key macroeconomic indicators in your country now? (2
marks)
b) What phase of the business cycle is your country’s economy most
likely in now? (Hint: Look at the components of aggregate demand)
(3 marks

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Economic
• Introduction and Background: Ex”s : Why is your good service interesting to you, what is its historical background, preview some of the major points from below. Appx one page.
• Demand: Discuss and analyze each of the specific 5 Demand IV’s (Income, Substitution etc.) for your good or service, which ones are the strongest/weakest in changing buyers decisions to buy and why. Include a few graphs. Two pages minimum. Include graphs
• Supply: Discuss and analyze each of the specific 5 Supply IV’s ( Technology, Taxes etc.) for your good or service, (which ones are the strongest/weakest in changing sellers decisions to sell and why. Include a few graphs. Two pages minimum. Include graphs.
• Elasticity: Discuss the price elasticity you would expect for both supply and demand and explain why each is either elastic or inelastic and what this means to how the A of R changes as the IV’s for Demand and Supply change. Include a graph. 2 page minimum.
• Demand & Supply:
(1) Discuss and analyze how and why both Demand and Supply have changed because of changes in their IV’s and then how together buyers and sellers have allocated this resource during a past time period showing the changes in P* and Q* explaining how winners and losers have been determined and how it has changed over time. Include why the price elasticity of demand and supply are important in creating chnages in P* and Q* and the Allocation of Resources. Two Pags minimum. Include graphs.
(2) Also discuss how changes in the A of R for your chosen good or service has affected the A of R for at least two other goods and services and vice versa. Include one graph. Two Pages Minimum. Include graphs
(3) Discuss how the government has (or could) regulate both directly and indirectly your good or service to change the A of R. Also include in your discussion how this regulation would also affect the A of R for another good or service. Include graphs. Two Pages Minimum.

Discuss your economic predictions for the A of R for your good or service in the future. Explain which IV’s will be most influential and what role government regulation will play in these predictions. Include graphs. One page minimum.

.

Economic
• Introduction and Background: Ex”s : Why is your good service interesting to you, what is its historical background, preview some of the major points from below. Appx one page.
• Demand: Discuss and analyze each of the specific 5 Demand IV’s (Income, Substitution etc.) for your good or service, which ones are the strongest/weakest in changing buyers decisions to buy and why. Include a few graphs. Two pages minimum. Include graphs
• Supply: Discuss and analyze each of the specific 5 Supply IV’s ( Technology, Taxes etc.) for your good or service, (which ones are the strongest/weakest in changing sellers decisions to sell and why. Include a few graphs. Two pages minimum. Include graphs.
• Elasticity: Discuss the price elasticity you would expect for both supply and demand and explain why each is either elastic or inelastic and what this means to how the A of R changes as the IV’s for Demand and Supply change. Include a graph. 2 page minimum.
• Demand & Supply:
(1) Discuss and analyze how and why both Demand and Supply have changed because of changes in their IV’s and then how together buyers and sellers have allocated this resource during a past time period showing the changes in P* and Q* explaining how winners and losers have been determined and how it has changed over time. Include why the price elasticity of demand and supply are important in creating chnages in P* and Q* and the Allocation of Resources. Two Pags minimum. Include graphs.
(2) Also discuss how changes in the A of R for your chosen good or service has affected the A of R for at least two other goods and services and vice versa. Include one graph. Two Pages Minimum. Include graphs
(3) Discuss how the government has (or could) regulate both directly and indirectly your good or service to change the A of R. Also include in your discussion how this regulation would also affect the A of R for another good or service. Include graphs. Two Pages Minimum.

Discuss your economic predictions for the A of R for your good or service in the future. Explain which IV’s will be most influential and what role government regulation will play in these predictions. Include graphs. One page minimum.