use your knowledge of microeconomics to establish the facts and analyse the Amer
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use your knowledge of microeconomics to establish the facts and analyse the American oil market. Evaluate the economic functioning of the oil market in US, including demand and supply, incentives, elasticity on demand and supply and any signs of price bubble. Explain possible options for policy intervention to correct market failure and make recommendations to policy makers. 1. Analyse demand and supply functions and how they may influence decision making of firms. 2. Analyse the main objectives of macroeconomic policy, the causes and costs of not achieving them, their interdependence, and their effects on asset prices. Please make extensive use of academic literature (peer reviewed academic journal articles – not just textbooks, newspaper articles or news sites online), government reports and business reports in finding potential sources and determinants of demand and supply, and their elasticities, in the housing market. Only coursework that extensively uses and critically discusses academic literature to support their analysis will score 60% and higher. For data, use appropriate sources, including data bases (Bloomberg), government and business reports. In case you wish to refer to news and events, use highly reliable news services such as the Financial Times. Do not use internet sources of uncertain or questionable origin. INSTRUCTION : – executive summary includes purpose and outcomes of extraordinary quality. The overall scope of the research is clear, well presented and critically reflected on. The critical reflection is original. Overall of publishable standard without need for changes. – Original analysis that describes and explains the relevance for the study and the broader field of study. Consistencies and anomalies in the findings are highlighted and explained. A variety of appropriate visualisations (graphs, diagrams, etc.) are used throughout the study to support the findings. Overall of publishable standard without need for changes. -Discussion is outstanding and relates to the overall aims and objectives of the study and the broader field of knowledge. Supported by high-quality, relevant literature with critical reflection on the literature. The student offers innovative suggestions as to how their research will contribute to the field of study, explicitly for practitioners and/or theoretical research. Overall of publishable standard without need for changes. -The conclusion is highly critical, relates to findings and is supported by literature. Limitations, future outlook into research or practical recommendations are discussed. Meaningful observations in relation to future areas are explained and linked to the study, combined with justification of how study has ‘closed’ a specific research gap. Overall of publishable standard without need for changes. -Outstanding use of in-text citations and academic sources references, with relevant citations used when needed. Reference list includes a balanced mix of academic (and professional) resources of highest quality. APA referencing style applied without any inconsistencies. Structure is complete (e.g. chapters or appendices, consistent layout). The overall format looks professional. Overall of publishable standard without need for changes.