ECON200 Individual Paper: Analysis of Facebook's Economic Situation

ECON200 Individual Paper (Maximum 4 pages) Pick a company from the Fortune 500 list of companies. Let Ron know by email which company you want. No two students can use the same company. Company I choose is Facebook You should address the following points in the report: 1) Brief introduction of the company, 2) Analysis of their current economic situation, 3) Your thoughts about the company’s economic situation, and 4) Recommendations (How will economics affect this company in the next 5 years?). As a guide, you should take at least 5 topics from the list below or other concepts discussed in the textbook: • What are the most important resources the company needs and how will scarcity affect the future of the company? • What specializations and or comparative advantages or disadvantages does this company have based on its competitors? • How might the Elasticity of Demand and Supply impact this company’s operations? • How might the Demand and Supply impact in this company’s operations? • How does consumer choice affect this company? • How does the cost and output determination impact this company and their outcomes? • Explain the Market structure in which this company operates and the economic situation in this market. • Discuss any other economic aspect you believe will improve the knowledge about this company. The report should be no longer than 4 pages, included graphics. This paper should be Single-Spaced. References and Cover Page are not part of the 4 pages. The structure of the report should be as follows: - Introduction; - Analysis (this is where you explain your five economic concepts) and - Conclusion (this is where you should make some recommendations based on the five economic concepts you analyzed in the previous section. Should they continue or change?)