ECONOMIC PRINCIPLES FOR BUSINESS

ECON5020: ECONOMIC PRINCIPLES FOR BUSINESS
TOPIC:

Next, assume ONE change in the market conditions (e.g. changes in cost of production, new entry or exit of firms in the industry,
changes in government policy etc.). How will this change affect the market as well as your firm’s position in the market? Does this
change affect the profit maximising level of output and price?
Make sure to provide a rationale and justification for any of the assertions you make. You are expected to draw
upon the theoretical concepts contained in the course in your discussion of such aspects as market structure, entry
and exit, and rivalry between competitors. Use proper diagrams to illustrate your answer.
RESEARCH ASSIGNMENT FORMAT:
• Your task is to write a short research paper on the above topic. Word limit: 1500 words including references.

maximum of 500-600 words).
• Please note that this is an individual research assignment.
• This is a research project. I expect it to take the appearance of an academic paper and be structured as follows:
o
o
o Change in market conditions
What happens when the market conditions change? You can use diagrams, charts, and tables to explain your
findings.
o
o References
Do not forget to refer to the data sources and any other references you have used to write this short paper.
WRITTEN ASSIGNMENT
Conclusions (in one short paragraph)
Summarise your findings and future policy implications for this firm and the market overall. Is there any role
of the government?
Prepared by Hannah Han (hannah.han@unisa.edu.au)
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!”# $%#”&’ ()*%”+ ,-). /0-“/$ -1 1″.% #23 # *.”$1 4.-5.$(( .$4-.+ +- %$ in week 6 – this is not graded. !”#$ %#&’ $()” )” *+ ,)-‘.You will be graded based on your writing and communication abilities to a broader audience. The assignment must be clearly
written; any diagrams, charts, tables etc. must be clearly labelled and explained in your text and any equations defined and
explained. The quality of your argument, the clarity with which you explain and illustrate the relevant concepts and the way in
which you relate theory to the available empirical evidence is very important here. Detailed feedback will be provided upon
grading.
Weighting: 25% of your total grade
Assignments will be marked and returned to you during the swot-vac.
Good Luck!
Hannah
!”#$ by11pm, 23 May 2021 via Learnonline webiste. Submit in word format only (not in PDF).