Part I PROJECT
The first step to this project is that you will assume the role of a manager with Ford Motor Company.
- You will start by analyzing your company from the perspective of a manger and identify decisions you would be faced with on a daily basis that pertain to managerial economics.
- In addition, you will identify the products sold and/or services provided by your firm and explain how price and output are determined based upon supply and demand.
- You will analyze factors that would cause shifts in the supply and/or demand curves and explain how the equilibrium price and quantity will differ and why.
- Finally, you will discuss how elasticity of demand for your firm's goods and/or services are affected by the elasticity of demand of said goods and/or services.
This assignment must be at least 2 pages in length, and must follow APA formatting guidelines. A minimum of 2 sources are required.
PART II COURSE PROJECT
As a newly hired Ford Motor Company executive it is important to understand what type of market structure and ownership align with Ford Motor Company. Based upon your findings, you will prepare a summary of:
- Ford Motor Company's market structure
- Key characteristics that define said market structure to include profit maximization, quantity to produce, and whether or not to increase, decrease, or remain output at the current levels
- Discuss whether or not Ford Motor Company is profitable along with a 5-year forecast in terms of sales, revenues, and profits
Most importantly, it is important to identify the type of ownership that applies to Ford Motor Company to have a better understanding of how macro and micro externalities affect Ford Motor Company
- In addition, if Ford Motor Company was partly owned by the government how would this change the dynamics of the firm?
This assignment must be at least 2 pages in length, and must follow APA formatting guidelines. A minimum of 2 sources are required.
Save your assignment as a Microsoft Word document.
PART III COURSE PROJECT
As an energetic executive at Ford Motor Company, you are ready to compile your additional findings in order to present your conclusions before a board of investors. For the final part of your course project, questions are provided below for you to incorporate into your final presentation to include:
1. What type of good and/or service does Ford Motor Company produce and/or provide?
2. Describe factors that lead to the market failure of Ford Motor Company?
3. Explain whether the involvement of the government was needed and why?
4. In the future, discuss how Ford Motor Company can deter any further market failures?
5. How does competition affect Ford Motor Company?
6. Financial outlook of Ford Motor Company?
7. Based on your findings, is Ford Motor Company a good investment?
Requirements
Your final paper must be 5-7 pages in length. It should demonstrate a strong thesis to state whether or not Ford Motor Company would be a good investment to a group of foreign investors. Research must consist of at least 5 sources. Your paper must include a title page, reference page, in-text citations, and a reference page in APA format.