Economics extended essay research question

You can see from how varied the topics are that you have a lot of freedom when it comes to picking a topic. So, how do you pick when the options are limitless? I will help you with that next:

Economics extended essay research question

The result is fierce price competition, dwindling product differentiation, and vanishing brand loyalty. Robert Kuttner, Business Week, May 11, The quote above is one of several examples where the Internet and business conducted through the Internet is considered to resemble a perfectly competitive market.

However, it can be questioned whether the Internet is such a perfect market as Kuttner and others suggest. In a perfectly competitive market situation, zero economic profit is expected1, and if this is the case, why do investors looking for economic profit tend to invest in companies such as Amazon.

The following research question and hypothesis has been developed in order to determine which market is the most competitive in a strict economic sense: The hypothesis is that the Internet-based market for books and CDs better fulfils the main criteria.

The goal of this essay is to answer the research question and to judge whether the above mentioned hypothesis holds.

Firstly, the selected markets are compared to the criteria of a perfectly competitive market. This is conducted through interviews and statistical price data analysis. Secondly, the derived results are set in comparison between the two selected markets.

In order for the hypothesis to hold, the Internet-based retail market should most closely match the criteria of perfect competition. For the analysis, primary resources have been used in order to avoid distortion of information.

The sales channels chosen are conventional retailers and Internet-based retailers. This group is believed to be less affected by loyalty programmes and attachment between buyers and sellers.

Therefore the author has excluded conventional mail-order and book clubs. Furthermore, all non-Swedish retailers are excluded. However the majority of the sources studied only mention four main characteristics4, which therefore have been selected.

Furthermore, this essay does not intend to challenge the model of perfect competition. Chapter 3 describes the chosen method and Chapter 4 presents the data, findings and analysis of the investigation.

An Extended Essay in Economics – Digging a Little Deeper

Full questionnaires and raw data are found in the appendices. Introductory Economics, written by B. Grant p and Economics Second Edition, written by Alain Anderton p Nicholas [last name] — Candidate number [candidate number] 2 Economic theory 2.

This model is largely theoretical, but does provide a useful tool for economic analysis. The same method has been used in this essay. The following sections describe the characteristics and key concepts more closely. Neither branding nor advertising is used to differentiate the products from each other.

The number must be so large that any one of them has an insignificant proportion of the market. Price-takers are forced to accept the ruling market price.

This makes the demand curve horizontal or perfectly elastic10 see Figure 1.Sep 25,  · Any research question must be answered within the word limit, and therefore needs to be limited in both scope and economic content.

What makes a good research question?

Here are some of the topic for Economics Extended Essay. Impact of economic in the legalization of marijuana; Here are some good extended essay topics for economics: Fuel driven economies, their rise. Sep 12,  · An Extended Essay in Economics September 12, October 19, In my opinion, the Extended Essay requirement of the Diploma Programme, is one of the more enjoyable and challenging parts of the course.

The goal of this essay is to answer the research question and to judge whether the above mentioned hypothesis holds. Method In order to answer the research question, a two-step inductive.

Economics extended essay research question

An extended essay in economics is a formal essay, so students must be sure to adopt one of the common standards of presentation of research essays. Interpreting the assessment criteria Criterion A: research question. Economics Extended Essay. Uploaded by Aritra Related Interests. Monopoly; Market Power; This is an Extended Essay in Economics written as part of my IB Diploma Program.

It received 26 marks out of a possible 36, giving it a high grade B.

Economics extended essay research question

in reference to my research question, I believe that the nationalisation of the. Economics extended essay checklist for students Criterion A — Research Question Introduction Investigation Knowledge and understanding of topic.

Extended Essay in Economics by Revision Courses Europe & America - Issuu