Individual Report (10%) - Supply and Demand Assignment
Opens June 6th – Closes June 24th at 5 pm
All articles must be approved by 6 pm on Thursday June 23rd.
Failure to have the article approved by the due date on Thursday June 23rd will result in a grade of zero for this assignment.
This report should consist the following sections:
1. A title page with an Academic Integrity Statement (See the statement below)
2. A scanned copy of the article you have selected. It must be scanned and inserted into the word document you are submitting. Alternately, you can provide a hyerlink to the article you have analyzed.
3. An introduction page (1-2 pages). Think of this as an executive summary which summarizes your article and introduces the specific market you have chosen to look into.
4. The main body of the report (three pages) describes:
- How the market you have chosen has been impacted.
- Here you will outline important features of the market you are interested in. For Example, how has the market changed due to Covid?
- What are the major changes the market has seen recently that compelled you to look into this market?
- what caused these changes?
- What impact have these changes had on the stakeholders?
- Who are the players (consumers/producers) in the market?
- Is the market regulated in anyway? Who are the regulators.
5. Conlcusions
6. References (This will include the newspaper article and other sources that you read to learn about this topic).
How to select a market?
Select a market that is of interest to you. Use what you know about this industry and knowledge from this course to create your report. Markets that might be of interest include:
- Housing market (or housing rental market) in Toronto/Ontario/Canada
- Cottage Market - Some extraordinary things happening here.
- Used Car Market - Again, some extraordinary things happening here.
- Market for mobile phone service
- Market for electric vehicles
- Gasoline
- Lumber
This list here can get quite long. Especially since Covid, we have seen so many markets turned upside down. Most supply chains in construction and electonics have seen severe shortages. Pick one that interests you!!!
In your report, explain and justify your analysis using current events and market facts you have researched to support your conclusions.
- Identify and explain at least two factors that have caused a shift in the demand curve.
- Identify and explain two factors that have caused a shift in the supply curve.
- Identify and explain any intervention relating to this market. Explain the objective of that intervention and illustrate the impact on the market using supply and demand curves.
Please upload your file (report) to BlackBoard under Assignment 2
Integrity Declaration (Assignments): By submitting this assignment, I, __________________, Student Number _________________ affirm that I have not given or received any unauthorized help and that all work submitted is my own. I have abided by Seneca’s Academic Integrity Policy and I understand that any violation of academic integrity will be subject to the penalties outlined in the policy.I pledge that I have not copied or plagiarised another's work and have given credit to the original author for work that I have borrowed. I understand that plagiarism will result in a grade of zero for this assignment.
You must send the article to me before you proceed with this assignment. I will not accept duplicated market analysis - so the sooner you decide on the market you wish to consider and send me your article, the greater chance you have to be permitted to use the article.
ALL APPROVALS MUST BE DONE BY Thursday June 23rd at 6pm.
