Micro ECON545 Paper Project 1/ outline

Project Paper One Outline

ECON545 Paper Project 1

Scenario Chosen: A

Stephanie Clay (email: [email protected])

Business Economics

May 10,2016

Introduction

Briefly summarize the purpose of your paper by introducing the case (the situation chosen) that you are analyzing and studying, and what are you trying to achieve from your study.

This case will determine, if my niece should attend college to become a doctor and the best school to attend. By doing the proper research, I am hoping to supply my niece with the best advice, depending on my findings, such as; the high costs of tuition and the years of study involved in becoming a doctor. This helps evaluate if that career choice is an optimum decision for her.

Section 1: Demand Determinants

A: Determinates

- Population:

- Income: 

- Cost of Related Goods: 

- Tastes: 

- Expected Future Prices:

 

B: Price Elasticity of Demand 

C: Graph of Demand 

 

Section 2: Supply Determinants

A: Determinates

-Prices of Inputs:

-Technological Change:

- Price of Substitutes: 

- Number of Firms in the Market: 

- Expected Future Prices: 

 

Ai : Profit Max/Cost of Production Analysis 

Aii :  Number of Sellers, Market Structure

 

B: Price Elasticity of Supply 

 

C: Supply Graph

.

 

Section 3: Recommendations: 

In this section, summarize your findings in the above sections and state your recommendations based on those findings. 

References

List the full references for at least five sources alphabetically in APA format.