Choose to do your research in one of the following industries: construction/housing/
property development, education (which can be narrowed down to international education
industry), or mining.
write a 2000 word report about that industry.
The report should, as a minimum, address the following key issues:
- An overview of the industry (including some key statistics such as revenue, employment, the
industry’s contribution to national GDP, and industry growth rate). - An analysis of the market structure the industry is in, including:
The type of market structure it is in and why (based on the characteristics of the
industry).
The market leaders in the industry and some statistics about them. - A discussion about (i) two determinants of demand, and (ii) two determinants of supply for
your industry’s product(s) or service(s) that you consider to be the most influential.
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HC1072 Economics and International Trade - A discussion about the demand elasticity for the industry’s product(s) or service(s) which
answers the following question:
Is your product(s) or service(s) elastic or inelastic? Why? - An analysis of a recent event that has (or is likely to have) substantial impacts on your
industry. The analysis may include:
A brief description about that event.
How has that event affected (or is likely to affect) the market demand and/or supply?
What is the likely effect of that event on the market price and quantity?
Draw a market demand/supply diagram to illustrate that impact.
Sample Solution