How can you relate the talk to the theory of market structure and firm’s conduct in Prices and Markets course?Discuss
This task is regarded as a holistic record of your learning development throughout the course. It is designed to track, monitor and evidence your learning linked to the main framework of the course ‘Structure – Conduct – Performance’, and based on the knowledge acquired you will demonstrate your entreat thinking about firms’ conduct and economic efficiencies as well as your evaluation of public policy for social welfare.
It is required for you to produce a piece of written work – responses to tour following questions – as your summative assessment for SCP framework and public policy recommendations
Assignment questions Question 1: 14 marks – Word limit 700 maximum words Evaluate which type of market structure the residential real estate market in Vietnam most closely approximates to.
Explain your answer by describing the characteristics of the market (including concentration level, degree of product dtterentiation and barriers to entry).
Supporting evidence (facts and figures of market characteristics) Is required.
The facts and figures of market characteristics can be collected by doing some desk research. Search and read the industry reports by govemmental offices, the news articles or journal publications of the industry (available in RMIT Library Databases), and select the most recent, reliable and relevant data to suppod your answer.
Question 2: 8 marks – Word limit: 300 maximum words Reflection on the Industry Talk. The student will have the opportunity to meet the industry partner in real estate industry during the semester. The guest speaker will talk on the market structure and real estate firms’ business strategies. Write a reflection on this industry talk in a paragraph.
It is mandatory for every student to attend this talk so that they are able to reflect on the following questions
• What was the discussion of firm behavior in price or non-pnce competition in the talk? •
How can you relate the talk to the theory of market structure and firm’s conduct in Prices and Markets course?
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