Microeconomics Reports Samples For Students

Introduction

Markets across the world have different characteristics that define their viability and suitability to participate in the global economy. These markets are identified by their most prominent characteristics that enable smooth transactions and flow of business. Markets can also be analyzed for their attractiveness to certain customers, companies or organization depending on the set of characteristics they exhibit. The more characteristics a market exhibits, the more attractive it is. The following are the most significant characteristics of markets that distinguish them as viable and suitable to buyers and sellers who wish to transact their business in the market. Different market ...

Mining in Australia involves the extraction, as well as the processing of a wide range of mineral resources spread across the country. The mining activities fall into various classification depending on the nature of the activity. These categories include coal mining, mining of oil and gas, mining of metal ores such as bauxite, and mining of construction materials (Connolly and Orsmond 26). Australia has an uneven distribution of mining resources, with some states better endowed than others. For instance, Western Australia has large deposits of iron ore and natural gas, whereas New South Wales and Queensland areas have plenty ...

Introduction

This article “Mitt Romney's green-jobs criticism carries risks” by Nicholas Riccardi of the Yahoo News discusses the effects of “green jobs.” Congressman Mitt Romney criticizes President Obama’s “obsession” with “green jobs.” Basically, green jobs should lower the use of resources and/or ecological impact. Green jobs must also create jobs. In simple terms, it must create economic efficiency.
The economic article will be explained in terms of the principal microeconomic concept such as the cost-benefit principle, particularly through opportunity costs. Microeconomics’ basic tenet says that there is always a tradeoff between capital, labor and natural resources (like energy in ...

Introduction

In every market system, two key players are involved; buyers and sellers. Buyers purchase products at their willingness and ability while the seller supplies the products and services to the market at their willing price and ability to the market. (Kumra, 2007)
The market system is defined by the forces of demand and supply. Demand is the capability of a consumer to purchase products at the prevailing price within a given period .Supply is the ability and willingness of a seller to produce and supply products and services to the market at the prevailing price at a given period. When demand and ...

The world has been migrating from the analogue era to the digital era for the last couple of years. In the digital era, electronics are very essential components and hence their demand has increased. The number of electronics manufacturers has consistently increased over the years, and the level of production has surpassed the growing demand. Lenovo has been affected by the situation and therefore the company needs to take keen note on the demand and supply concepts.

Price determination using demand and supply curves

The price of any product should be derived from the demand and supply curves. The place at which the two curves intersect ...

BUSINESS STUDY REPORT:

This report is devoted to the YEO’s Beverage Company. The report has four main parts. The first part is an introduction where the general information about the company, the environment where it operates and its main competitors are presented. The second part is microeconomic analysis. The factors of production and its cost structure are examined there. The third part macroeconomic analysis where macroeconomic environment in which the business operates are discussed. The forth part is the analysis of sustainability and the impact of business operations on the environment. At the end of the report, there is a conclusion ...

Introduction

Since the mid XX century, the oil industry occupies a leading position in the global energy sector. A prerequisite for the implementation of large-scale long-term investments in the oil industry under the condition of a favorable outlook for oil demand in the world market is the availability of relevant geological reserves of oil in a particular region and the world at large. OPEC-countries account for over 40% of world oil production. Especially, the Middle East, particularly the Gulf basin, where there are the largest oil fields in the world, is rich for oil reserves (OPEC, 2015). Oil is extracted ...

Including back to work and training schemes.

Introduction
Economics is a broad field which has its active recognition in almost every walk of life. There are numerous definitions of this particular term in particular and every concept is different from the other. Alfred Marshal and Adam Smith are known as the founder of economics or specifically father of economics, which introduced the most basic definition of this particular term in particular. According to the basic definition, Economics is the name of how to earn the money and how to consume it? It is one of the most important aspects from the standpoint of an economy and ...

Demand refers to the quantity of a commodity a consumer is willing to purchase under different conditions. The demand for a commodity depends on a number of factors like the price of the commodity, income of the consumer, the price of substitute commodities, the price of complements, the preference for the good by the consumers, fashion trends, seasonality, and such others. Therefore, the demand function can be written as:
QD = F(P, Y, PS, PC, T, O)

Where, QD: Quantity demanded

P: Price of the commodity
PS: Price of the Substitute commodity
PC: Price of the complementary commodity
T: Consumers’ tastes and preferences
...

Introductory Scenario

There are a number of concepts that specifically stride under the economical management that have been categorized under two different aspects that are microeconomics and macroeconomics. Microeconomics is that branch of economics that associated with the economics of the individual, while economics related to the entire country would be referred as macroeconomics. There are certain concepts that found in the field of the macroeconomics, and among them unemployment rate is one of them. Employment, unemployment and labor force participation have been termed as some of the major elements of economics. In this analysis, it is required to write a report that ...

In a market economy, monopolies tend to have only one seller. However, it is close to impossible to have a pure monopoly where there is only one firm in the global market. As a result, monopolies tend to be defined as a market with few firms competing against each other. These firms have the power to hold the price above the socially optimal point. This is known as the monopoly power. A monopolistic market does not have the luxury of free entry and exit of the market (Perloff, 2004, P.109). This is because most of these monopolistic companies have barrier to entry by ...

Introduction

Market failure is a concept encompassed in economic theory where the amount of products demanded by customers in a certain market is not equal to the amount that is supplied by manufacturers and suppliers. It is a situation where there is inefficiency in the allotment of goods and services by free markets3. This paper will delve into issues of market failure by analyzing examples of market failure by famous companies. The paper will also highlight the causes of market failure and its contribution to innovation failure. Finally, the paper will discuss how to manage and overcome market failure.

This is caused by a ...

The Business Structures and Competitiveness of Russia

Diamond Model of International Competitiveness

The concept of competitiveness is among the factors that have received widespread acceptance in the analysis of a nation’s prosperity despite limited understanding on the basic structures. An understanding of the factors determining the competitiveness of a country is the central factor in the diamond model of international competitiveness developed by Michael E. Porter. To begin with, it is ardently crucial to acknowledge the fact that improvement of sustainable standards of living should the central macroeconomic goal for any nation aspiring to be competitive in the global market. Other measures include the level of foreign ...