Microeconomics Report

This memorandum report identifies and explains key microeconomic principles using a set of simulation games. The outcome of these games illustrate how microeconomic principles can be applied within real-life situations to help us make better business decisions. This report is a summary of the simulations I played and their results, which include the key takeaways and their significance, for your review and reference. It is divided into the following sections:

1. Comparative Advantage

2. Competitive Markets and Externalities

3. Production, Entry, and Exit

4. Market Structures (including the Price Discrimination and Cournot simulations)

5. Conclusions

6. References

Taidot: Tutkimusten kirjoitus, Raportin kirjoittaminen, Tutkimus, Liiketoiminta-analyysi, Taloustiede

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