The role of imperfect competition, Monopolistic Competition (MC) and Oligopolies (O), in the expansion of international trade, social welfare and inequality.
The role of imperfect competition, Monopolistic Competition (MC) and Oligopolies (O), in the expansion of international trade, social welfare and inequality.
Using theory and evidence (examples of specific industries or products), illustrate and discuss the effect of the following three factors on social welfare and inequality: (1) Product variation & innovation; (2) Barriers to entry & exit, and (3) Oligopsony power
The unit learning outcome(s) assessed is/are:
LO1: Demonstrate conceptual and practical understanding of the role of product variation & innovation in climate change
LO2: Analyse and illustrate the role of barriers to entry & exit
LO3. Examine markets with Oligopsony power and assess its impact on productivity & inequality
Details:
This project is a case study of a specific industry or market in recent times and should have the following structure:
The project should be in a report style. Examine government reports to familiarize yourself with the style
It should examine several well identified countries. The project should include (a) data from credible source presented in Tables, (b) your own graphs constructed in Excel, and (c) a bibliography (at least 10 references). All (a), (b) and (c) will attract marks
The industry product or process should be fully described with actual data and accurate description and citations.
The project ought to relate to insights from the BEO3430 study resources with particular attention to imperfect competition, market power, and inequality.
Where appropriate, diagrams should be used to illustrate theoretical arguments.
The project is worth 30% of total assessment.
Instructions
The project is individual assessment and should have the following structure:
You will need to choose your own group to work with (max of four students per group)
Now that you have selected who you are working with, please self-enrol into your group online via Assessment 2 Groups
A cover page with the unit code and name, your name, and your student ID
A Contents page
It should be in MS Word format with font size 11-12 and page numbers
Data sources should be clearly cited under Tables or Charts
Tables and Charts should have a clear title, labels and appropriate colours and font sizes.
You are expected to submit their project/report on VU Collaborate Dropbox.