Module 1 – CaseEquilibrium, Supply and DemandAssignment Overview Supply and Demand in the Real WorldA commodity is the focus of this case which uses real

Module 1 – CaseEquilibrium, Supply and DemandAssignment Overview

Supply and Demand in the Real WorldA commodity is the focus of this case which uses real data for price fluctuations over 6 months. You will research reasons for the changes and develop a multifaceted economic analysis.

Case 1 Resources

Introduction to Demand and Supply Who Sets the Price of Commodities? (2024) What are substitute goods? Definition and meaning (2024) Complementary Goods (2024)Present your data in a scatter chart or a line chartPresent your data in a column chart

Case Assignment

Commodity Research and Economic Analysis

Provide a brief description of each visual. How to Label Figures in APA Format

Research the commodity from an economic standpoint (include supply and demand). Describe what is happening with the commodity during the 6 months. You may include information from the prior year. Find a balance between explanations, data, and statistics provided. You must decide what information should be included in this section. This section must be ¾ of a page in length.

Next, select a similar commodity in the same category; use the page’s comparison function and select “rate of change” comparison. Select a commodity that contains data (some on the page list do not contain the required data).

Case 1 Assignment Guidance Files (Part 1)BUS530 Case 1 Part 1 Assignment Video GuidanceBUS530 Case 1 Assignment Guide Part 1

Research the second commodity from an economic standpoint. Describe what is happening with the commodity during the 6 months. You may include information from the prior year. This section must be ¾ of a page in length.

Using the corresponding Commodity Index, copy and paste the table to Excel. Create a bar chart:

  • Compare the rate of change between the two commodities and the index.
  • Provide a brief description of the chart.

Research the overall commodity index from an economic standpoint. Describe what has occurred with the commodity category during the 6-month time period. This section must be 1/2 of a page in length.

As a conclusion, analyze how the changes in prices shifted demand for finished products of the commodity. Would consumers buy more of the good? Buy more of a different good? Include how substitute and complementary goods were part of the consumer’s decisions. Include a discussion of how sellers are affected by changes. (Research Required). This section will be 1 page in length.

Case 1 Assignment Guidance Files (Part 2)BUS530 Case 1 Part 2 Assignment Video GuidanceBUS530 Case 1 Assignment Guide Part 2

No quotations are permitted in this paper. Since you are engaging in research, be sure to cite and reference the sources in APA format. NOTE: failure to use research with accompanyingData and Scenarios citations to support content will result in reduced scoring “Level 2-Developing” across the grading rubric. This is a professional paper; not a personal one based on feelings. It must be written in the third person; this means words like “I”, “we”, and “you” are not appropriate.

This is the Data and Scenarios that will be used for class. Select the corresponding worksheet to access information and data for the specific assignment.

**********NEW DATA AND SCENARIOS ARE USED EACH SESSION**********If you procure old assignments from students or websites and use the data for your assignment, you will receive a zero because it is considered a violation of the University’s academic integrity policy. The case will be referred and become part of your collegiate record. In certain circumstances, you may be awarded an F for the course.

If you are taking this class for a second time, submission of past work involving the data sets will result in a zero for the assignment. Your answers will be wrong since you are working with a different set of numbers and a different industry.**********NEW DATA AND SCENARIOS ARE USED EACH SESSION**********

Assignment Expectations

Use the attached APA-formatted template (BUS530 Case1) to create your submission.

  • The template is set up in APA 7: double-spacing, font, margins, headings, page breaks, APA help links.

Your submission will include:

  • Trident University International’s cover page
  • A paper with APA citations (2- to 3-sentence introduction, body (includes Excel output), 2- to 3-sentence conclusion)
  • The reference list page in APA format
  • Excel Spreadsheet. Grade will not be posted without Excel upload.

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Length: Your submission should be at least two (2) pages in length, not including the title page and references (if used). References: APA Style will not

Length: Your submission should be at least two (2) pages in length, not including the title page and references (if used). References: APA Style will not be required for this assignment, and no outside resources are required. Details: Using the Unit III Assignment Template, write a dialogue (short conversation) between two people. Keys to

Develop a 7-page marketing plan based on research promotion, pricing, distribution, advertising, and product mix. Collapse AllIntroduction Completion of

Develop a 7-page marketing plan based on research promotion, pricing, distribution, advertising, and product mix. Collapse AllIntroduction Completion of this portfolio work project will help you understand the key components of a marketing plan. Scenario The Vice President of Marketing at MSH Brands (or at your employer or future employer company) has

Develop a 7-page marketing plan based on research promotion, pricing, distribution, advertising, and product mix. Collapse AllIntroduction Completion of

Develop a 7-page marketing plan based on research promotion, pricing, distribution, advertising, and product mix. Collapse AllIntroduction Completion of this portfolio work project will help you understand the key components of a marketing plan. Scenario The Vice President of Marketing at MSH Brands (or at your employer or future employer company) has

DEVELOPING A RESEARCH FRAMEWORK ASSIGNMENT INSTRUCTIONSOVERVIEWThe problem frame is the cornerstone or foundation upon which credible and robustresearch

DEVELOPING A RESEARCH FRAMEWORK ASSIGNMENT INSTRUCTIONSOVERVIEWThe problem frame is the cornerstone or foundation upon which credible and robustresearch is built. It provides the significance and justification for designing andconducting a research effort to expand knowledge or even replicate or challenge findingsin the existing body of scholarly peer reviewed research.Unless a

Create an 8–12-slide PowerPoint presentation that summarizes the AFI Framework and the results of the internal and external analyses. Your presentation

Create an 8–12-slide PowerPoint presentation that summarizes the AFI Framework and the results of the internal and external analyses. Your presentation must also include a SWOT matrix for the company and your recommendations for strategies to move the company forward that align with organizational structure and governance, and reflect ethical

Prepare a 7–10-page business analysis that explains the generic business strategies for an organization, analyzes the business strategy used and the

Prepare a 7–10-page business analysis that explains the generic business strategies for an organization, analyzes the business strategy used and the company’s business model, analyzes the corporate strategy of the company and the overall corporate structure and management systems, and analyzes the strategic fit between the business and corporate strategies.