This assignment involves an in-depth analysis of an actual business situation, you will work within a team of three to four students. The main goal of this project is to demonstrate a deep and nuanced understanding of managerial economics concepts, including their practical application. How effectively and successfully can you and your team make use of the theories and concepts learned in this course? Eventually, you will apply them in real life economic situations.
You and your team will record your team project presentation. You may utilize PowerPoint, Prezi, or any other presentation tool to assist you with communicating project components. To receive a grade for this part of the project, each student must have an opportunity to present one or more components of the project.
As a final reflection at the end of the presentation, each team member must include a brief reflection of how this project contributed to your increased understanding of the project focus and of your own teamwork and communication skills– be specific.
Team Project Prompt
Within your team, select an issue, case, or critical observation on something you collectively believe is a challenging economic phenomenon in any country.
For example, if you and your team would like to concentrate on the real estate sector development in the United Arab Emirates, then you may concentrate on the demand and supply scenario (reasons for growth in demand and supply sides of the sector), its production and cost structure, its market structure and key player strategies, the pros and cons of the sector, and group conclusions. Other ideas include but are not limited to the sectors of: wholesale and retail trade, business services, finance and banking, airlines, and manufacturing.
Within your groups, come up with the necessary economic interpretations and analyses. The foundation and perspective of the team analyses in this project must cover the course learning outcomes within Managerial Economics, as suitable for the project focus you have chosen.
Topic of my team:
Airline Industry in the US during the pandemic
Economic challenge: changes in ticket prices. Impact due to pandemic, inflation, fuel costs
Tie into porter’s five forces
Repurchasing stock, pandemic sales impact – bailout funds for airlines during the impact
Frontier and Spirit merger https://www.cnbc.com/2022/02/07/frontier-and-spirit-to-merge-creating-5th-largest-airline-in-us.html
· Industry Rivalry – E
· Substitutes and Complements – KK
· Power of Buyers – Gene
· Entry – Aksha
· Power of Input Suppliers – cindy
My part is industry rivalry
The assignment format is presentation, no need to write a report or an essay, so you can write a about 2- page transcript for this industry rivalry part, and then please give 3-4 references, along with 5-6 slides with 2 page transcript.
