The word limit is 2000 words. As a suggestion, you might want to spend 400 words each on the introduction and conclusion and 1200 words on the analysis. However, this may vary depending on your chosen topic and personal style.
An introduction should typically outline the phenomenon you have chosen and highlight its significance. You may present some data to illustrate the phenomenon. Good economic analysis entails identifying (1) the various aspects of the exchange process (the market, the agents involved, the equilibrium outcome), (2) the factors that can affect market outcomes over time and (3) the welfare implications of the exchange outcome and whether there is scope for public policy intervention (efficiency vs equity). Use graphs, formulae and diagrams where they help your explanations (more rigorously and succinctly) compared to words alone. A good conclusion section will provide a look at the big picture, the significance of your findings in a larger context, and even suggest limitations of the models that you have used. Remember this is an economics assignment and therefore you should refrain from writing a report that is general and/or journalistic in nature.
Submission Information and Deadline
The written report should be word-processed and provide a word count and bibliography. Note that the bibliography is not part of the word count.
1) Airline Pricing Strategy
Often when you take a flight, you would have paid a different price for your ticket than the person sitting next to you. Similarly, airlines charge different prices based on the class of travel. Perform an economic analysis of this phenomenon in the market for airline tickets. Explain the rationale for airlines s to engage in such practices and their welfare implications