GROUP PROJECT: ECONOMICS ANALYSIS AND MANAGERIAL DEC1SION MAKING Course: Economics Analysis and Business Decision Making Project Outline Total Marks: 15 Purpose (1-2 page) The purpose of the term project is to analyze, estimate or forecast the demand of a good or service. as well as the estimation of a production cost function, its market structure & various player's strategies (their observations and analysis), the Pros & Cons of this sector. The purpose of the term project must clearly identify the potential (or hypothetical) uses of the results. Submission of every project must go through the Turnitin, and a maximum of 20% plagiarism Shall be allowed. The analysis will be presented as a written report including the following sections: 1. Introduction and denition of the problem (1 2 pages) This section addresses the following topics: a) why is this analysis important and why should we care about it? Why is this a topic of importance for managerial decisions? What is the underlying economic problem (e. g., is it about allocating resources, understanding consumer