Microeconomics Research Paper free essay sample

Supply and Demand Analysis Supply and Demand Analysis Ras Jones Galen University Intermediate Microeconomics (210) Mrs. Ivanka Magana March 4th, 2013 2 Supply and Demand Analysis Table of Contents Abstract Acknowledgement Introduction Modeling and Forecasting Demand of Cereal in Nepal Modeling and Forecasting Demand for Cereal in Nepal Assessing the Cereal Supply Deficit or Surplus Conclusions References 3 4 5 3 Supply and Demand Analysis Abstract The purpose of this paper is to describe three main building blocks of supply and demand analysis which are supply curves, demand curves, and the concept of market equilibrium. The focus of this research is based on information acquired from the eBook provided to us by Galen University. This book is titled â€Å"Microeconomics† a 4th Edition and was written by David A. Basenko and Ronald R. Braeutigam with contributions from Micheal J. Gibbs, The University of Chicago, and Booth School of Business. In the form of a questionnaire, it is established that the demand and supply for corn is used to make many food and industrial products such as corn oil, alcohol and most important corn torilla which all falls under a need to society. We will write a custom essay sample on Microeconomics Research Paper or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Moreover, corn is an interesting crop as we can eat it, we can manufacture consumer products with it, we can wear it as today’s technology is so advanced that corn is used in production of fabrics. As a result, producers of corn products develop a culture of loyalty to its company and to its consumers providing mass amounts of products in accordance to the demand of the product. Overall, the prime concern for corn producer is ensuring that there is sufficient food supply for the future. An analysis made from the questionnaire there is substantial evidence that the supply and demand for corn will always be in demand therefore there needs to be and even flow of supply or equilibrium. 4 Supply and Demand Analysis Acknowledgment This research paper was prepared as a contribution to Mr. Carlos Ivan Magana, Instructor of our Intermediate Microeconomics Course. This project was supported by family, friends and neighbors and I in support to continue the production of corn. 5 Supply and Demand Analysis Introduction Step 1: Address the problem First address the problem! State the overall area of concern (populations-at-risk for injustice or discrimination; need for more functional affiliations for individuals and groups; unethical policies/practices; lack of knowledge in the field, program evaluation within an agency setting derived from a perceived problem, etc. ). Arouse the reader’s interest; tell the reader what to expect in the rest of your paper. Provide brief statistics to indicate the incidence of the problem. For example, if my topic was focused on child maltreatment, I would want to provide current statistics from the â€Å"Child Maltreatment† report published by the Children’s Bureau each year. This report presents national and state child welfare related statistics and can be found at http://www. childwelfare. gov . Step 2: Effect on practice Next, answer the questions, â€Å" How does this problem effect social work practice and/or policy? †(Ethical research requires us to focus our efforts where need is the greatest). Include how it effects individuals, families, groups, and communities when applicable). The potential utility of your study can be: 1) an addition to current knowledge of a problem or a vulnerable population; 2) to put social work theory to an empirical test; 3) to better understand the relationship between variables (like homelessness and housing shortage); or 4) to determine the effectiveness of a treatment method or program (Ex. Program evaluation, cost-benefit analysis, process evaluation, outcome valuation, employee and client satisfaction, an educational intervention, efficacy of a clinical intervention, group, etc. ). Step 3: Summary â€Å"Conclude†¦the introduction with a brief but formal statement of the purpose of the research that summarizes the material preceding it† (American Psychological Association (APA, p. 28). (Publication Manual of the American Psychological Association, 6th ed. , 2010, p. 27) 6 Supply and Demand Analysis 7 Supply and Demand Analysis 8 Supply and Demand Analysis References Basenko. D, Braeutigam. R. (2010). Microeconomics, 4th edition. Northwestern University, Kellogg School of Management. Natarajan, R. , Chaturvedi, R. (2003). Geology of the Indian Ocean Floor. Hartford, CT: Merganser University Press. Ligon, M. , Carpenter, K. , Brown, W. , Milsop, A. (1983). Computers in the world of business communications. Hartford, CT: Capital Press. 9 Supply and Demand Analysis Appendix Questionnaire Include a copy of your survey/questions/instrument, IRB approval, and Agency approval letter in the Appendix section