Using the models and theories of either (1) market structure, conduct and performance, (2) game theory or(3) the boundary of the firm, perform a microeconomic analysis of one appropriate economic issue orphenomenon of your choice. Clearly explain your chosen question, method and conclusions. Comment onthe link between market structure and performance for your chosen issue.Each has limit of 1500 words to be submitted on Canvas.In both assessments, your task is to conduct economic analysis of an issue that you select yourself, just asbusinesspeople and policymakers do. You will be assessed on what you learnt in the course by correctlychoosing and applying definitions, methods and theories from lectures and tutorials. As this is amicroeconomics assignment you should not write a general or journalistic report or use concepts from othercourses not discussed in this course. Look at the business and economics news for ideas for an appropriate issue. It needs to fit the purposeof microeconomics (lecture 1) – a topical, important example of resource allocation with questions youcan answer by applying microeconomic methods. State the question, why its interesting andeconomically significant. Present facts or data to illustrate. Select the right method (i.e. microeconomic model, theory or tool from this course) to answer yourquestion. Explain your method. Assume your reader needs to be explained every concept needed tofollow your analysis. Apply the method to your issue. Report the steps of your analysis and your findings. Typical analysisdiscusses the economic agents, how they exchange, the equilibrium and factors that change it andfinally welfare implications. Use diagrams or models as they answer the question better than only words. Your conclusion will directly answer the question and maybe look at the big picture – the significance andlimitations of your work.Clearly structure your report (depending on topic), for instance using numbered sections for each of the partsof the task, e.g. introduction, model, analysis and conclusion. Introduction and conclusion will normally beshorter.IMPORTANT:Please state a clear question to the problem you are analysing.There are example questions attached, but please do not copy them, please. It also states under the guidelines that you must correctly choose and apply definitions, methods and theories from lectures and tutorials. I will be providing the lecture slides so you may refer to them and see if you are adhering to the content written in these slides.Also include references – Harvard Style referencing is ok!If you have any questions please message me. Please adhere to the instructions given! I really appreciate the help! Thank you so much! 🙂
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