A: Analysis of actual cases or economic phenomena

A real-life business situation from a recent year can be selected, and the relevant business decisions in the case can be analyzed using the concepts of managerial economics. The analysis should go beyond the facts described and lead to important conclusions and economic mechanisms that can explain similar business decisions or economic phenomena in the market. The report should contain the following elements:

1: Description of the selected business situation or economic problem

2: Analysis of selected business situations or economic issues using economic theory

3: Discuss whether the explanation given can be extended to other similar business decisions or economic phenomena.

Words counts around 2k-3k,need some idea and some economic theory to support, like demand/

Lecture Slide 1: Scarcity Opportunity cost Marginal Analysis Invisible Hand Lecture Slide 2 Change in quantity demanded v.s. Change in demand Change in quantity supplied v.s. Change in supply Law of demand Law of supply Market equilibrium Normal good v.s. Inferior Good Substitute v.s. Complement Surplus v.s. Shortage Lecture Slide 3 Consumer Surplus Producer Surplus Social Welfare Willingness to pay Deadweight loss Price ceiling . Price floorLecture Slide 4 Price elasticity of demand Cross price elasticity of demand Income elasticity of demand Lecture slide 5 Law of diminishing return Economies of scale Diseconomies of scale Economies of Scope Lecture slide 6 Perfectly competitively market, monopoly, and monopolistic competitively market Monopoly v.s. monopoly power Natural Monopoly