ECF5927 / ECF2731 Managerial Economics Essay Assignment 2000 words
This assignment assesses your ability to do independent research, and your analytical and writing skills. It is an individual task.
Instructions
1.Describe a real-world economic situation or event. This can be either your own observation or something you found in the media.
2.Ask an economic question (or questions) or make an economic argument in relation to this situation or event.
3.Do your own research to answer your question (or questions). Present evidence to support your answer or argument.
Your questions and/or answers should have some connection to one or more of the 10 topics discussed in this unit.
For example,
-You may listen to a podcast: The-problem-with-banning-plastic- bags and describe the issue as you understand it.
-You may ask: If supermarkets are banned from using plastic shopping bags, what would happen according to the economic theory of demand and supply?
-In your answer, you may consider
a.The demand side: for example, how would consumers react to this ban, what alternatives would they turn to?
b.The supply side: how would suppliers of plastic shopping bags react to this ban?
c.Related markets: how would this ban affect the market for other plastic bag markets such as the market for bin liners, the market for paper, cloth, etc.
d.The environment: would this ban bring a net benefit to the enviro
e.Empirical research: what has actually happened (in Australia for example) after (single-use) plastic bags were banned in supermarkets.
-You may come to your own conclusion about whether it is a good idea to ban plastic bags in supermarkets.