Business and Management

 Details:
Individual Report (50% of the total marks) – This presentation is for a LONDON UNIVERSITY. Commodity prices Individual report (2500 words) – submission deadline is Monday, 29th October 2021 to Turnitin. Turnitin closes at 12:00noon on the day. Compulsory draft submission for formative feedback on the 8th of October 2021 You are asked to choose a commodity and write a briefing note with an accompanying set of power point slides (maximum of 12) for your superior (not an economist). He/she is giving a presentation on How world commodity prices (for a chosen commodity) are changing and what, if any, the connection is with the change in world oil prices. Each slide should be accompanied by notes that explain what the slides show. The report should not exceed 2500 WORDS (slides and notes) excluding references and appendices. You need to include: Please do not choose finished product as a commodity. Follow this link to choose a commodity. https://thedocs.worldbank.org/en/doc/5d903e848db1d1b83e0ec8f744e55570-0350012021/related/CMO-Historical-Data-Annual.xlsx 1. Relevant data for the 10-year period 2. The link between the commodity prices and oil prices 3. Any other factors that have impacted on the commodity prices. You should make use of the following economic concepts. a. Demand and supply analysis b. Elasticity of demand and supply c. Substitutes and compliments • Make sure you define all concepts clearly. • Include diagrams on your slides with clear and relevant explanations. • Use a range of sources, for example, textbooks, academic journal papers, the latest economic news and data sites, and economists and specialists’ comments to support your findings, discussions and suggestions/recommendations. Use Harvard System to properly reference your report, including both in-text referencing and end of paper reference list. Failing to do so will lead to a loss in a mark. You should upload a Microsoft Word document or PDF to Turnitin (not Power Point, as in that case your notes will be lost). Structured guide for Assessment one: This is in addition to the points discussed in class regarding assessment one. Clearly and concisely write an introduction of the report requirement/content. (Introduce the commodity of your choice and what you will be doing) Slide 1: Choose a specific commodity e.g., Grains, Potatoes, Oranges, Gold and Precious Metals. Discuss the commodity and it’s relevant globally. (You can include the picture of the commodity). Please do not choose finished product as a commodity. You will fail this module if you choose a wrong commodity. Please follow this link to choose a commodity. https://thedocs.worldbank.org/en/doc/5d903e848db1d1b83e0ec8f744e55570-0350012021/related/CMO-Historical-Data-Annual.xlsx Slide 2: Using some tables or statistical representation, discuss how the price for this commodity is changing in the past 10 years. (one slide for the table/statistical representation and another slide for discussion note) Slide 3: With statistical representation, discuss the changes in world oil prices for the past 10 years and how it relates to the commodity you have chosen. (one slide for the table/statistical representation and another slide for discussion note. Do same for all) Slide 4: Discuss if the changes in the price of the commodity chosen is related to changes in the price of oil, using a correlation or simple regression analysis to show the relationship between the price of the commodity and oil price. (Discuss the statistical significance of the relationship). Slide 5: Discuss any other factors (including substitutes, complementary goods or other factors affecting demand and supply) that have impacted on the price of the commodity chosen. Using Diagram, show how substitutes and compliments commodities/products have impacted on the price of your chosen commodity. Slide 6: Apply the concept of Demand and supply analysis to your discussion using diagrams. Apply the concept of Elasticity of demand and supply using diagram. Conclusion: Summarise your findings and make some inferences. You can do more than this if you still have more to add. So, make sure you include the sources of your data, the links and the years. Also use the global or world data for the commodity and the Oil price. If you want to use a particular region, you must discuss the region and use the data for the oil price and the commodity from that region. • Make sure you define all concepts clearly. • Include diagrams on your slides with clear and relevant explanations. • Use a range of sources, for example, textbooks, academic journal papers, the latest economic news and data sites, and economists and specialists’ comments to support your findings, discussions, and suggestions/recommendations. Use Harvard System to properly reference your report, including both in-text referencing and end of paper reference list. Failing to do so will lead to a loss in a mark. You should upload a Microsoft Word document or PDF to Turnitin (not Power Point, as in that case your notes will be lost). • The report should not exceed 2500 WORDS (slides and notes) excluding references and appendices. Please note: You will have to produce a slide for each point showing some statistical or diagram or tables or pictures of the commodity of your choice and another note slide for discussing your diagram/data to show clarity and good quality. This will mean that you will produce two slides for each point (1st slide will be Picture, statistic, diagram, or tables. 2nd slide for Notes discussing the 1st slide). The introduction and conclusion are not part of the slides count.