PRICE THEORY

ASSESSMENT 3 – INDIVIDUAL ASSIGNMENT

INSTRUCTION

Course code and name: ECON1268 Price Theory

Assessment name: Individual assignment (30%)
Length: up to 2,000 words (graph labels and fomulas will not be counted in word
count). Two points will be deducted for every 100 words that exceed word limit.
Type: Individual
Feedback mode: Online
Cover page: You must include a cover page in which the your name, your ID and the
number of word count should be clearly written. No cover page will be deducted by 2
points.
Editing guideline: Font size should be 12; Font name should be Times New Roman;
the text alignment should be "justified"; the margin should be 1 inch.
Late work: For assignments 1 to 10 days late, a penalty of 10% (of the marks
awarded) per day will apply. For assignments more than 10 days late, a penalty of
100% will apply. Weekend days (Saturday and Sunday) are counted when counting
total late days.
Submission deadline: 11.59 pm (GMT +7), Sat, 19th Sep (Week 12)
Your assignment report is submitted by soft copy via Turnitin. Save your completed
assignment reports with "Assignment 3 ECON1268_2020B_YOUR FULL NAME ALL
CAPS_ID number.docx" as your filename.

REQUIREMENTS
You are to write a 2,000-word essay on the market analysis topic. You essays
must solve all of the problems below:
- What are the differences between Cournot model and Bertrand model of
competition? Analyse the main features of each model. Include the matter of collusion
and punishment, consumer and producer surplus in the analysis.
- Analyse a real example of quantity competition or price competition in a specific
industry using your theoretical analysis above. Support your answer with
figures/statistics/graphs where appropriate.
- How does the location of a store affect its market share? Apply one (or two)
appropriate economic model(s) to explain your answer. Use your own assumptions to
explain the situation by specific numbers.
- Analyse a real example of your theoretical analysis on location effects above.
Suggestion: You can use Ho Chi Minh city, Hanoi, or other big cities as your context).
Any difference among the mentioned cities at how location affects market share?
Explain the reasons for differences.

Note: PLEASE READ THIS INSTRUCTION CAREFULLY:

- In this assignment, you are expected to give a great effort to do a research on related
topic. Make sure your sources are relevant and reliable. You can also introduce a
model/point of knowledge that had never been taught in the module to get a higher
score. Try to give accurate knowledge, thorough analysis, and convincing arguments
with a limited wordcount.
- Conhesion and coherence are so important; any point of knowledge must be
accurate, fully explained and linked to other ideas. Graders may give a big minus if
you present a lot of new ideas without explanation or provide irrelevant facts/figures
that do not match your analysis.
- You are expected to structure your essay by sections. For example: Section 1 is
Introduction, Section 2 is Theoretical knowledge, etc. This will be a part of the
evaluation, teachers are not allowed to give further guidance.
- Your wordcount is up to 2,000 words (graph labels and fomulas will not be counted).
Two points will be deducted for every 100 words that exceed word limit. Graders are
required to follow this guideline strictly. Hence, every sentence in the essay should be
considered carefully. Do not use any unnecessary word. Present your wordcount on
the cover page.
- Please check your word usage/grammar, avoid unclear English and spelling
mistakes. Strictly follow the requirements on Cover page/Editing guideline/Reference