7BUSS001W Economics for (MA) Management
7BUSS001W Economics for (MA) Management, (In-module coursework )
This coursework is in two parts.
- Rationalizing examples of Market Structures (This section is worth 40 marks)
- Evaluating the relationship between variables using correlation and regression techniques and writing a short business report summarizing the actions and outcomes (This section is worth 60 Marks)
The coursework is marked out of 100 marks in total. This coursework is worth 30% of the final module mark.
Part 1 – Market Structures
For each of market segments below, determine the market structure and justify it using market shares and characteristics:
1. Take away coffee market in the UK.
2. Buying car insurance in the UK
3. Commuter travel (home->work->home) in London
Research will be needed. You may wish to reference in this section. Please reference within the text. No particular referencing style (i.e. Harvard) is needed. Justifications not supported by research normally achieve low scores. A maximum of 200 words per answer please.
Part 2 – Relationships between variables (Correlation and regression).
Business reports have an introduction, findings and conclusions. The short report should not exceed 800 words. All Excel work and charts/graphs must be shown in the text NOT in an appendix. Tables of data should be labeled and included at the end. The report should in Word format. For instructions see below (page 2). Any referencing should be within the text.
Relationships between variables
Unemployment in the UK, and all of the other countries of the EU, is stated as the “claimant count” and is listed for these and many other countries in the world as a % of the working age population in the “Economic and financial indicators” page of the Economist.
Unemployment is the result of changes in other factors and so is the dependent variable. For a G7 country of your choice, research appropriate statistics data bases to find those factors which influence unemployment and select the best one using correlation analysis. For the best independent variable, use excel
to create a trend line and explain whether this can be used for forecasting.
Produce a business report of no more than 800 words outlining your objectives, explain what you have done and why, and then draw appropriate conclusions. You may wish to consider multiple regression, this will earn extra marks.
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