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  DD202A Tutor Marked Assignment (2015-2016, First semester) Cut-off Date: 15 December, 2015 [100 marks] This TMA expects you to produce an essay based on what you have learned in your DD202A course, chapters four and five, “Economics and Economic Chang

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مُساهمةموضوع: DD202A Tutor Marked Assignment (2015-2016, First semester) Cut-off Date: 15 December, 2015 [100 marks] This TMA expects you to produce an essay based on what you have learned in your DD202A course, chapters four and five, “Economics and Economic Chang   الإثنين سبتمبر 26, 2016 7:32 am


DD202A
Tutor Marked Assignment (2015-2016, First semester)
Cut-off Date: 15 December, 2015

[100 marks]
This TMA expects you to produce an essay based on what you have learned in your DD202A course, chapters four and five, “Economics and Economic Change”. It is marked out of 100 and is worth 20% of the overall continuous assessment. This TMA requires you to apply the course concepts to your own experience and to discuss the economic change of such an application.
The TMA is intended to:
• Develop your evaluative skills in explaining why a monopolistically competitive firm has downward sloping demand and marginal revenue curves.
• Identify the key factors that determine a firm’s success.
• Analyse the situation of a monopolistically competitive firm in the long run.

The TMA:
Please read the following article and answer the question listed below:

Question:

The Questions:
Discuss and analyse the most important key points in the above article in the light of factors that affect the demand for coffee.

Guidance notes for TMA
For this TMA you are required to write a structured essay of no more than 1000 words. This means that your TMA should be in the three parts indicated in the above question.
Part a)
In this part you need to discuss the important key points in the above article. Discuss what you learned from the above article; What are the most important factors affecting the demand for coffee in the middle east? This part of the TMA should not exceed 400 words. (40 points)
Part (b)
In this part of the TMA you are required to select course concepts from chapters 4 or 5, Economics and Economic Changes textbook, and use these concepts to analyse the situation described in the above article. Suppose that the government restricts the total number of new branches that can be opened by all chains. How would this affect the equilibrium price and chains profits of coffee market? Again this part should not exceed 300 words. (30 points)
Part (c)
Use demand and marginal revenue and cost curve graphs to show how can Costa ensure maintaining a profit margin over its competitors for a longer period of time before economic profits becomes zero? Explain your graphs in details showing which point, at equilibrium, all firms in the market will earn zero profits. You should spend no more than 300 words on this part of the TMA. (20 points for graphs and 10 points for discussion).
Your essay should be within the specified range of words. You are expected to present a well structured and organized piece of work that is of your own. Plagiarism will be strictly penalized. The assessment of the quality of your essay will be based on how you impress the reader (grader) about your knowledge and understanding of the topic. Attempt to use your own words and avoid using copy-paste. Your TMA should be attached with the following PT3form.

Good luck..


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DD202A Tutor Marked Assignment (2015-2016, First semester) Cut-off Date: 15 December, 2015 [100 marks] This TMA expects you to produce an essay based on what you have learned in your DD202A course, chapters four and five, “Economics and Economic Chang
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