Goh-ing to ace my MIEC by Nur Erra Syahirah Mohammed Nazir https://padlet.com/s10188200/vw8z4bi142ey made with joy :-) en-us 2018-07-22 16:56:51 UTC 2026-01-19 15:37:38 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Lightdecrease.png INDECISIVE about the articles!!! s10188200 https://padlet.com/s10188200/vw8z4bi142ey/wish/270794291 Sugarcane article: https://www.channelnewsasia.com/news/singapore/sugar-cane-juice-prices-increase-amid-shortage-in-malaysia-10120188

Milk Article: http://www.abc.net.au/news/rural/2018-06-30/dairy-exodus-in-nsw/9924892

Jetstar Article: http://statestimesreview.com/2018/03/01/jetstar-fare-prices-to-increase-25-for-singapore/]]> 2018-07-22 17:00:28 UTC https://padlet.com/s10188200/vw8z4bi142ey/wish/270794291 Planning and breakdown of topics to apply: s10188200 https://padlet.com/s10188200/vw8z4bi142ey/wish/270794526 Training to analyse the behaviour of participants and prices in the market for a particular good or service using the concepts learnt in Microeconomics.
1) Demand and Supply
2) Determinants of Ds and Ss
3) Elasticity of the product (PeD and YeD)

]]> 2018-07-22 17:06:54 UTC https://padlet.com/s10188200/vw8z4bi142ey/wish/270794526 Format of the Group Report s10188200 https://padlet.com/s10188200/vw8z4bi142ey/wish/270795214 Your report should be between 2,000 to 3,000 words in length (excluding diagrams), typed, single-spaced, with Arial font, size 12 and a normal margin of 2.5 cm all round.
 
You must use the APA citation format in your report (You can refer to instruction in Mel > Microeconomics > “Plagiarism” for more information) 
]]> 2018-07-22 17:34:41 UTC https://padlet.com/s10188200/vw8z4bi142ey/wish/270795214 Article on Sugarcane s10188200 https://padlet.com/s10188200/vw8z4bi142ey/wish/270795224 Change: Price of Sugar cane kept soaring
Possible factors:
(Ss factors)
1) Weather conditions (affects the supply of sugarcane)
2) Price of the good (not becoming profitable anymore, sellers are turning to produce other crops such as pineapples or durians
3) Shortage in resources which in turn affects the output of the supply (part of the PPC curve)
4) PeD - the availability of substitutes is not a lot, for e.g. in the article, the demand for sugarcane is expected to increase during the month of May for the festive season. ]]> 2018-07-22 17:35:24 UTC https://padlet.com/s10188200/vw8z4bi142ey/wish/270795224 Article on Milk s10188200 https://padlet.com/s10188200/vw8z4bi142ey/wish/270795368 Change: Price of Milk kept dropping too low that farmers are unable to make profits

Possible factors:
1) the market equilibrium forced the price to have the milk sold at very low prices.
2) this happens when the supply is greater than demand/ the demand is not there
3) the rising cost of supplying milk has also increased, which will impede farmers from continuing to supply the milk

]]> 2018-07-22 17:41:59 UTC https://padlet.com/s10188200/vw8z4bi142ey/wish/270795368 SUGARCANE https://www.channelnewsasia.com/news/singapore/sugar-cane-juice-prices-increase-amid-shortage-in-malaysia-10120188 s10188200 https://padlet.com/s10188200/vw8z4bi142ey/wish/270795560 Why??
The article is relevant to the local context and most of us are able to relate to it.

Surprisingly a lot of factors play a part in the cause of the price change and we will delve into it to breakdown further.

**Each concept in your analysis must be examined in depth and used to explain why things are happening as reported in the news article(s). **]]> 2018-07-22 17:52:20 UTC https://padlet.com/s10188200/vw8z4bi142ey/wish/270795560 Supporting article for floods in Muar, Johor s10188200 https://padlet.com/s10188200/vw8z4bi142ey/wish/271262524 looding article in relation: https://www.thestar.com.my/news/nation/2017/12/06/johor-all-prepared-to-handle-floods/


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