Supply And Demand Presentation

Competency

Explain and demonstrate knowledge of concepts including the  supply/demand relationship, price ceilings and floors, and market  surpluses and shortages.

Course Scenario

Oil Company X is a large oil refinery which has been expanding and  taking on new investment projects. Recently, they have considered  building a pipeline that stretches across the United States, from Canada  to New Orleans.

The Board is considering a proposal to increase their oil stores to  better prepare for events that impact the market price of oil. They have  asked you, as a member of the Cost Department, to determine events that  effect the price of oil. They have requested a report explaining the  various effects of these events on equilibrium price and quantity.

Instructions

As a cost analyst at your firm, you are asked to evaluate the effects  that the following scenarios will have on the supply and demand of oil  in the oil market. You will submit a PowerPoint document with any  relevant graphs, including a narration of the shift changes as if you  were explaining them to the Board.

Using the drawing tools in PowerPoint, graph the changes to the supply and demand curves in response to the following events:

1. Regulations are passed which restrict drilling in many areas of the U.S. to preserve protected areas.
2. The U.S. has a large increase in birth rate and population.
3. A recession occurs.
4. There is an increase in availability of affordable, alternative energy sources.

***Only one curve (supply or demand) will shift for each of these events.***

Be sure to provide an oral explanation to justify why the supply  and/or demand curve would shift, the direction of the shift, and the new  resulting equilibrium price and equilibrium quantity. Remember that you  do not need to include actual figures, but rather explain if the price  and quantity would be increasing or decreasing. You can use the drawing  tools within PowerPoint to draw your graphs. Also, be sure to include  the change in the resulting equilibrium price and equilibrium quantity  if any curve shifts occur.

Record a presentation as if explaining this to the Board. There are  many free screen recording software/Webware options available (such as  Screencast-O-Matic) to use in presenting your PowerPoint. Make sure that  both your voiced narration and the PowerPoint slides are captured  during your screen recording.

After recording, paste a link to the recording on the last slide of  the PowerPoint presentation. You will submit the PowerPoint in the Drop  Box.

Format your PowerPoint to include a title page, introduction, body  slides, conclusion, and references. Remember to cite your sources using  correct APA format, and also use correct grammar, spelling, and  formatting.

*for the oral presentation just include a memo and I will add the recording*