What do you need to do for this assessment?

Task:

You are required to write a report for one of the following industries in a country of your choice.

• Mining industry
• Transportation industry

The aim of the report is to analyse your chosen industry and to demonstrate your understanding of key market forces, elasticity and market structure while making effective interpretations.

In your report, you must first decide which industry you are writing this report on, then consider the factors that influence the market forces, the interaction of supply and demand in the market and the concept of elasticity. Finally, you must identify the market structure that best fits your chosen industry and clearly justify this choice with relevant evidence.

Guidance:

For this assessment you should make use of the following formative activities that you have already completed. These activities have been designed to support this summative assessment:

• Week 2 (the market)
• Week 3 (elasticity)
• Week 5-6 (market structures)