Weekly Project Progress
Week 8
Goal: 1.1. Select a market and firm.
Action: Choose a firm from one of the markets provided or from another market of your
interest
Week 9
Goal: 1.2. Perform a market Research.
Action: No Action Specified
No Week Specified
Goal: No Goal Specified
Action: Collect basic information about the firm, its size, products, and the market it
operates in
No Week Specified
Goal: No Goal Specified
Action: Collect information about the firm’s market structure and competitive environment
(e.g., number of competitors (few or many), main comptitors, market share, customer base).
Week 10
Goal: 1.3. Demand Analysis
Action: No Action Specified
No Week Specified
Goal: No Goal Specified
Action: Who are the buyers?
No Week Specified
Goal: No Goal Specified
Action: Generate a profile of the typical buyer, including income levels, preferences, trends
and taste, and geographic locations.
No Week Specified
Goal: No Goal Specified
Action: Evaluate the elasticity of demand (price elasticity, income elasticity) for the firm’s
products.
No Week Specified
Goal: No Goal Specified
Action: Analyse substitution effects (what alternatives exist?) and complementariness
(products that increase the demand for the firm’s product).
Week 11
Goal: 1.4. Supply Analysis
Action: No Action Specified
No Week Specified
Goal: No Goal Specified
Action: The main factors of production (capital & raw materials, labour, land).
No Week Specified
Goal: No Goal Specified
Action: Factors influencing supply, such as technology advancements, cost structures, and
government policies.
No Week Specified
Goal: No Goal Specified
Action: Legal or economic entry/exit barriers (capital requirements, legal regulations):
different licences to open the business, amount of capital needed, bankruptcy costs.
Week 12
Goal: 1.5. Competitive Environment
Action: - Analysis market competition, in general the number of sellers, market share,
main competitors, and competitive tools like differentiation,
No Week Specified
Goal: No Goal Specified
Action: - How are the firm's pricing and output decisions affected by competitors?
No Week Specified
Goal: 1.6. Pricing and Output Decision Model
Action: How are the firm's pricing and output decisions affected by competitors?
No Week Specified
Goal: No Goal Specified
Action: Develop a model for how the firm decides on pricing and output in its market
structure:
No Week Specified
Goal: Based on data about competitors' before
Action: - If in a perfectly competitive market, explain how the firm is a price taker and
how it decides on output to maximize profit. Use graph.
No Week Specified
Goal: No Goal Specified
Action: - If in a monopoly or monopolistic competition market, describe how the firm
can set its own prices and how it differentiates its products. Use graph for showing
decisions.
Week 13 & 14
Goal: 2. Report submission
Action: No Action Specified
No Week Specified
Goal: No Goal Specified
Action: Present your analysis in a written report. The report should have five sections
covering the following.
No Week Specified
Goal: No Goal Specified
Action: - A summary of the firm’s operations.
No Week Specified
Goal: No Goal Specified
Action: - Demand and supply analysis with supporting data, charts and graphs (curves)
No Week Specified
Goal: No Goal Specified
Action: - An explanation of the firm’s competitive behaviour and decision-making model
in its market.
No Week Specified
Goal: No Goal Specified
Action: - Any charts, graphs, or data tables to illustrate your points.