economics for managers

ECON20039- Economics for Managers
This is assessment 2: Research Essay 30 marks
Length 3,000 words

Please note that this assessment requires substantial research (see the assessment criteria below).

(a) What are the differences between the long-run equilibrium of a perfectly competitive firm and the long-run equilibrium of a monopolistically competitive firm? Compare the productive and allocative efficiency of monopolistic competition and perfect competition. (8 marks)
In answering this question, as a minimum, you need to
Discuss the key features of each market structure such as number of sellers, type of product, and entry conditions
Using diagrams, explain how short run and long run profits or losses might arise
Describe the process by which profits or losses are eroded
Compare productive and allocative efficiencies

(b) What are the characteristics of an oligopoly market? Choose an Australian industry that represents oligopoly. Justify your example by relating them to the characteristics of oligopoly market. (10 marks)
As a minimum, you should
Discuss key features of oligopoly
Provide a brief description of the industry
Justify by providing actual and reliable data

(c) How can Australia address the housing affordability crisis? (8 marks)
In answering this question, you need to
explain the demand side factors affecting housing affordability
explain the solutions that have been attempted or are proposed to address housing affordability
explain the possible supply side solutions to housing affordability

Additional marks (4 marks)
Overall presentation of work, especially use of graphs, clear written expression. 2 marks
Appropriate use of referencing. 2 marks

Assessment criteria
You must refer to the textbook in the first instance.
Besides the textbook, you should also refer to a few other academic books, journal articles and relevant websites in answering these questions.
Use in-text referencing and provide a list of references.
All submissions for this course must use the American Psychological Association (APA) referencing style.
Concepts must be defined accurately and completely.
The assumptions upon which the analysis is based must be stated at the onset.
Diagrams must be drawn properly, correctly labelled and the relations they depict explained.
Photocopied and scanned graphs from books, articles or websites are not acceptable. It is preferable to hand-draw a graph then scan it to insert in your file.
Answers must be complete, addressing the specific tasks nominated in the questions.
Remember an extension is not a gift, it is a burden.

Note: no submissions including automatically submitted by Moodle will be reverted to the draft after the due date.
? In Moodle 2.7 there is now a default setting, which will automatically submit your assignment for marking, if you have forgotten to click the Submit for marking button.
? After an assignment’s due date and time has passed, any assignments that are still in draft mode (i.e. you have not yet submitted the assignment for marking) will be auto-submitted on your behalf.
? This action will occur only once for an assignment at the due date/time. If you are submitting an assignment after the due date/time has passed, then you will still need to click the Submit for marking button as normal.

Are you looking for a similar paper or any other quality academic essay? Then look no further. Our research paper writing service is what you require. Our team of experienced writers is on standby to deliver to you an original paper as per your specified instructions with zero plagiarism guaranteed. This is the perfect way you can prepare your own unique academic paper and score the grades you deserve.

Use the order calculator below and get started! Contact our live support team for any assistance or inquiry.