Essays on Microeconomics

Amaranth Advisors LLC was created in 2000 as a multi-strategy hedge fund with approximately $600 million in capital. It sought to employ a diverse group of arbitrage trading strategies particularly featuring convertible bonds, mergers and utilities. In 2002, Amaranth added energy commodity trading to its …

Micro economic essays These are some suggested micro economic essays. The essays are from different exam boards. In practise they ask similar questions so they will be helpful whatever your exam board. There are different ways to answer questions. But, all these answers contain enough …

The conditions for a monopolistic market are as follows: there is only one firm, which is large in size. The firm has to provide the market’s supply, and there are high barriers to entry. There are no close substitutes for the goods the monopoly firm …

‘Yathu’s Supermarket’ sells several of goods such as all groceries items, wines, alcohol, etc. We sell specific product to target specific people so that we can satisfy customers’ wants and increase sales eventually as they buy the products they want. We have to be aware …

A marketing strategy is a process that can allow Tesco and other organizations to concentrate their resources on the greatest opportunities to increase sales and achieve a sustainable competitive advantage. Market research enables Tesco to find out information about their customers needs and wants in a …

The analysis will apply important microeconomic concepts toward the competitive strategies of the Kudler Fine Food Virtual Organization, which affect its long-term profitability. The analysis will evaluate the differences between market structures and review the organization’s strategic plan, marketing overview, market surveys, and other material …

Whenever we hear today about the problems facing this country and how the government intends to solve them, arguably the three most commonly occurring points for debate on the government’s agenda are education, the health system and transport. Transport often comes into focus when high …

OPEC can be described as an oligopoly for several reasons. It fits with the condition of being dominated by more than two large firms; in this case it’s eleven. It also practices price rigidity as they agree on both level of output and therefore the …

People all around the world work their hardest to ensure that they have a happy life for them and their families. Happiness as we know cannot be bought with money, but Ben L. Ashcraft states that everything in life comes with a price tag, including …

The internet has revolutionized a lot of things in our lives, including one of our favorite hobbies, shopping. Shopping has gone to a new level in the new millennium. Online shopping has hit the market with consumers and advertisers trying to buy and sell products. …

Marketing philosophy has experienced three major shifts during the history of commerce in the United States. First it was production oriented, then sales oriented, and currently it is consumer oriented. Till the late 1920s, companies had limited production capacity, and there was continuous demand for …

This section will identify the firm’s marketing mix. The products, pricing, place and promotion efforts of the company will be discussed. The products of the company are well restricted within the apparel and clothing industry. However, within this industry the company has multiple products per …

Unfair Trading Practices and the EU Law The objective of the European Community is to establish a common market with a high level of competitiveness and integration of economic performance. The European Commission enacted some rules, so as to promote competitiveness; prevent anti – competitive …

The rationale of this report is to examine the various categories of goods and to briefly discuss their descriptions. In economics, a public good and a private good are differentiated in terms of non-exclusion and non-rivalry. This implies, respectively, that utilization of the product by …

1. Explain why you would be more or less willing to buy long-term AT&T bonds under the following circumstances: a. Trading in these bonds increases, making them easier to sell. More, because if it is easier to sell bond this means that liquidity of bonds …

Analysis Executive Summary Daiso’s stores is a store where you can buy all thing with just 2 Singapore Dollar. Daiso provide a unique experience of curiosity and enjoyment for thousands of customers to go home satisfied, not only in Japan, but also all over the …

The Market Structures The complete economic activities are handled in four different market structures, namely perfect competition, monopolistic competition, oligopoly and monopoly. The nature and degree of competition varies among the all the above-mentioned four markets. In summarized manner we can describe that as the …

Abstract This paper provides an exploration of branding as interrelated to event management and experiential marketing. Different concepts and ideas are investigated in order to provide a relevant understanding of how adequate branding initiatives can impact future event management decisions. The relationship between brands and …

P2-describe the limitations and constraints of marketing Limitations and constraints include; Sales of Goods Act 1979 Trade Descriptions Act 1968 Consumer Credit Act 2006 Data Protection Act 1968 Voluntary constraints Direct Marketing Association (DMA) Pressure groups and consumerism Acceptable language Sales of goods act 1979 …

Sample questions Note: The purpose of providing sample questions is to show the format of questions that will be given in the midterm exam. The midterm exam will have more of both true-false questions and short answer problems than those presented here. For more short-answer …

According to Shaw, Eric (2012). Marketing Strategy: From the Origin of the Concept to the Development of a Conceptual Framework. Journal of Historical Research in Marketing., there is a framework for marketing strategies. Market introduction strategies “At introduction, the marketing strategist has two principle strategies …

These days, more and more people are using their own cars to commute. The increasing number of vehicles in our cities contributes to the high levels of pollution in the air. When faced with taking private cars or public transport, people react in different ways. …

ECON *120: Principles of Microeconomics Spring 2010 I. FOUNDATIONS OF ECONOMICS A. Scarcity, Production Possibilities, Efficiency and Exchange Section I. A Learning Objectives: • Define or explain a number of basic economic terms and concepts. • Explain, illustrate, and apply marginal analysis. • Explain, illustrate, …

No economies of scale: increase in output has not effect on the AC, so the curve is flat and AC is constant Economies of scale: property of a cost function whereby the average cost of production falls as output expands Discomposes of scale: property of …

Advertising and promotional strategies needs to be reviewed Sponsoring of the events should be continued along with the celebrity endorsements who fetch more for Nike as a brand. Marketing Information System: Nike should make extensive usage of IT and apply the same in the areas …

FMC industry BY boxes FMC Industry Introduction The fast moving consumer goods (FMC) sector is a large and important part of almost every economy in the world, insofar as the products associated with the industry represents a big part of every consumer budget. The goods …

Perfect Competition In economic theory, perfect competition describes markets such that no participants are large enough to have the market power to set the price of a homogeneous product. Because the conditions for perfect competition are strict, there are few if any perfectly competitive markets. Still, buyers and sellers in …

An aim is what a business wants to achieve, a business might expand, to make a big profit, the business might aim to survive. An objective is an aim to work towards to. If a business wants to expand it might do this by employing …

Assessment (Demand and supply) Answer the following 1. Distinguish between a shift of the demand curve for a product and a movement along the product’s demand curve (10 marks) 2. With reference to two different determinants of demand, explain why the demand curve for bicycles …

INTRODUCTION TO ECONOMICS Exercise 1 1. What determines that a resource be scarce? Why is scarcity important in defining Economics as a science Resources are seen as being scarce, when the wants exceed the resources. The fundamental problem of economics relates to the choices made …