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HIGHER COLLEGE OF TECHNOLOGY

DEPARTMENT: BUSINESS STUDIES

Final Examination:
Assignment Based Assessment

Semester: II A. Y.: 2019 / 2020
Diploma I and II Year

Start Date: 16-5-2020 Time: 9:00AM
Due Date: 18-5-2020 Time: 9:00AM

Student Name
Student ID
Specialization
Section

Level Diploma I – Year
Course Name Principles of Micro Economics
Course Code BAEC1203

For official Use Only

Question No. Max.

Marks

Obtained

Marks

Question No.
Max.

Marks
Obtained

Marks
1 5 1 5
2 5 2 5
3 5 3 5
4 5 4 5
5 5 5 5
6 5 6 5
7 5 7 5
8 5 8 5
9 5 9 5

10 5 10 5
Grand Total

Marks 50 50

First Marker: Second Marker:
Date: Date:

Guidelines for Students to Submit the Assignment:

1) The final assessment for semester 2, 2019-20 will be done through comprehensive
assignment for a maximum of 50 marks. The schedule of the final assessment is available
in the college website. https://www.hct.edu.om/about/the-college/announcements/final-
assessment-timetable-041620

2) All the students are expected to have only one assignment at one time. In case, if the
students have more than one assignment on the same day, please report to the exam
committee through the following mail id. exam.bus@hct.edu.om as soon as possible.

3) All students are given 48 hours to complete and submit each assignment from the day,
date and time the assignment is uploaded. Students are advised not to wait till the last
moment of the deadline to submit the assignment.

4) The students can check the assignment anytime and any number of times from the opening
of the assignment. The answer to the assignment need to be uploaded in e-learning within
48 hours.

5) The answer to the assignment can be uploaded only one time. No requests for
resubmission of the assignment will be entertained.

6) In case students face any difficulties while uploading the assignment in e-learning, they
can contact ETC helpdesk.

For Academic related support :
Business Courses

For Technical Writing 1

For Technical Writing 2

For Technical Communication

anand.kalimani@hct.edu.om
karri.krishna@hct.edu.om

ramil-ecot@hct.edu.om

khulood.aiadi@hct.edu.om

jocelyn.balili@hct.edu.om

For issues related to e-mail
accounts and Microsoft Teams

office365support@hct.edu.om

Any issues related to E-Learning
Moodle

support.elearning@hct.edu.om

Any other IT Troubleshooting helpdesk2@hct.edu.om

7) Student may contact their respective lecturer through email (within the 48-hour period

given) if they have any doubts and clarifications on the assignments.

8) Student should be aware that this assignment is an independent assessment. Students are
not allowed to get help from any other person during the assessment period.

9) Students assignment will be checked for plagiarism through Turnitin software. This
assignment will be assessed as per the College Assessment Policy. Student will be
investigated in case of plagiarism as per the College policy and procedures.

10) In case the students face any technical issues regarding the submission of assignment, the
answer to the assignment can be mailed to the concerned lecturer within the 48-hour
period.

11) Any assignment submitted after the 48-hour period will not be considered for evaluation.

12) The assignment should be submitted only the file in MS Word document. No other format
is acceptable at all (e.g. pictures, JPEG, PDF, etc.)

13) The students need to answer the assignment in the prescribed number of words as
mentioned in the assignment.

14) The students need to follow the following format while preparing the assignment :

Font Style: Times New Roman

Font Size: 12 point for body and 14 point for Headings

Line Spacing: 1.5

Margin: 2.54cm (One inch) on all the sides

Page Number: At the bottom right hand corner of each page

Colour: All words should be in black colour

15) Students who will fail to submit their assignment as per the deadline given are required to
make an online appeal along with the valid excuses as the guidelines which will be
announced through the college website or e-learning portal.

Main Instructions:

16. At the time of answer papers submission in the E-Learning, Students have to follow the

two things importantly:

i) When you are submitting the answer paper through e-learning, Students have to

delete all instructions points from the answer sheet (1-16) (Guidelines for
Students to Submit the Assignment):

ii) When you are submitting the answer sheet, delete questions from the answer

sheet. Mention question numbers with the answers.

These are the above two instructions, students have to be followed strictly. Then only it
will show less plagiarism percentage, if students are not followed, it shown more
plagiarism, due to that you marks may be low.

All the Best

CASE STUDIES

(Suggested time: 48 hours)

Answer all the questions given below the case studies. All the questions have to
be answered in minimum fifty hundred (50) words and maximum hundred

(100) words per question.

Part-I
It has been recently witnessed, highest level of raw sugar price due to problems with supply.

Demand for sugar in some countries is increased due to the use of raw sugar to produce

alternative products. On other side it was observed, severe downtrend in production of sugarcane

due to the adverse climatic conditions and lead to price increase. The International Sugar

Organisations foretold that global consumption of sugar is likely to outstrip production in years to

come. In the developed countries, snack producers demanded to increases the import of raw

sugar, so that there won’t be stock out situations. Analysts forecasted that most retailers business

will not be effected because portion of sugar in consumers basket is less and thereof rarely

increase in price will be noticed.

On other side, a research suggests that consumer’s consumption of sugar based beverages and

food items are decreasing. This shift in consumer taste and habits and health consciousness mind-

set influenced the manufacturers to come up with sugar less beverages and food items. It has

been observed from the research conclusion that sugar less food items are having high demand in

urban markets when compared to rural markets. Further, Availability of sugar based products in

the market reveals that even thou consumers are health conscious a large segment of customer

adore sweet based products in their daily cuisine.

Questions:
1. Identify and explain which central economic problems you find in the case. Illustrate

with the help of microeconomics tool how the central economic problem notified in

the case can be solved?(

2+3=5marks)

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2. Apply concept of law of supply and demand to the scenario in the case, identify and
explain the exceptions or assumption of law of demand you seen in sugar context.

( 3+2=5marks)

3. The demand for sugar is price elastic or inelastic? Give reason in support of your
explanation? ( 2+3=5marks)

4. Justify your choices and explain whether any given change in supply or demand of
sugar will have a bigger effect on the equilibrium price of quantity. ( 2+3=5marks)

5. Illustrate the type/form of competitive market prevailing in the case. How might

companies such as Mars and Nestlé react to an increase in the price of sugar? (

2+3=5marks)
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6. Illustrate the situations you identify for the following cost in the case (3+2=5marks)

Type of cost Describe the Situations from case Effects

External

cost

Social cost

Private cost

Opportunity

cost

7. Consider the situations mentioned in case illustrate the relationship between Production
(output) cost and revenue.

8. Identify normative and positive statements in the case and Give the reasons why those
statements are normative and positive. ( 2+3=5marks)

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9. As the demand of the consumer changes with the increase in health consciousness
among consumers, there will also be change in the equilibrium Price and Quantity.

What are the factors that will affect the shift in equilibrium? Illustrate the answer with a

table and a graph. (1.5+1.5+2=5marks)

10. Analyse the factors which might influence the profits of sugar manufacturers give
reasons to support your answer. (2+3=5marks)

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