Case study

The objective of the case study is for you to choose some aspect of economic activity, and to show how a concept or theory we've studied can be used to understand what happens in that situation, and/or to make policy recommendations on how social welfare could be improved through some type of intervention.

I encourage you to discuss your proposed topic for the case study with your tutor. The idea is for you to choose your own example and not to repeat an example from the case study textbook. Possible topics for case studies might be:

• Using the model of perfectly competitive markets to explain price changes that have occurred, or to analyse the effects of some type of market intervention;
• Using the concept of incentives to explain behaviour by market participants;
• Using the concepts of surplus to analyse the effect on society's well-being of a gov-
• ernment policy; or
• Use the theory of market power to analyse or explain prices.

• In the case study you should:
• Introduce the aspect of economic activity that you will analyse;
• Briefly describe the theory or concept you'll use in the case study;
• (most importantly) Apply the concept or theory to analyse the aspect of economic activity you've chosen; and
• Provide any concluding remarks.