An analysis of a market structure industry

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:

  1. An overview of the industry (including some key statistics such as revenue, employment, the
    industry’s contribution to national GDP, and industry growth rate).
  2. 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.
  3. 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
  4. 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?
  5. 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

ACED ESSAYS