Essay About 25Project Reportthis And Knowledge Of The Economic Theory

Street Tea Industry
Guideline for Submission of Final ProjectMicro Economics                                                                              MM: 25Project ReportThis is a Group project and this Project will sharpen student analytical skills through integrating their knowledge of the economic theory with decision making techniques. Students will learn to use economic models/theories to identify the relevant elements of a managerial problem, identify their relationships, and formulate them into a managerial model to which decision making tools can be applied.This is designed to provide quite a bit of freedom in deciding the topic/theme of your work. Pick a topic which interests you but make sure it is a topic on which you are able to develop a good research/analysis based output. For better understanding of methodology to move ahead, you may like to take help of few Research papers for the purpose. As per our discussion regarding several economic theories in the class and its application to real world business decision, you are required to develop a Research based Project Report. You can select one economic theory viz., Demand Analysis, Surplus & Taxation, Price Elasticity, Production and Cost theory, Price decision in different market and then you collect real world data from one of small Firm for the purpose to formulate effective business decision. The following steps are being suggested herewith: Formulate specific objective for your study (take help of few of Research papers), Develop model using suitable economic theory (take help of your Text Book)Discuss threadbare of problem in your group and finalise its methodologyIdentify relevant economic parameters, which are measurableCollect real data (in case of secondary data, give source) based on selected variablesAnalyse data and produce its major findings along with its output/ outcome;Also align your findings with Macro Economic Indicators of concerned Industry in our economy Explain in details that how you could utilise these findings for effective Business Decisions for respective Firm. Project Report should contain the following:Introduction/ Background of the StudyRelevance of the Study (How this study would be meaningful for business decision)Objective/Problem of the Study Review Literature ( support with 3-4 review literature of related research papers)A clear methodology (the process followed for achieving your objectives)Analysis and Findings – including necessary statistical tools, graphs, tables and its interpretation Business Decisions i.e. Recommendation based on your findings ConclusionsAnnexureBrief Profile of this Firm (not more than two pages)Primary table for collected data with sourceSubmission of Project should be in hard and soft copy both.The last date of Project submission is one day after your Presentation. The Project Presentation (not more than 8-10 PPT slides) is scheduled at last week session. During the Presentation, each member of group is required to justify for their effective participation in said project. The wait age for this project is 25 per cent.