...This assignment is designed to develop learners’ ability to apply the important concepts and effects of a commodity price change in the market. Instructions • Students are required to: • Find THREE article from the Internet / local newspaper OR magazine related to a commodity price change in Malaysia. (Rubber, Palm oil & Fuel etc) • The article must be from July 2014 to July 2015. • Evaluate and discuss the impact of commodity price changes on consumers and producers in terms of demand and supply. Assignment Guideline • Part 1: Introduction to the Micro-economics variables in the articles. • State your objective of study, define the microeconomic variables & how the price changes happened. • Example: Microeconomic variable: Fuel (students are required to prepare a clear and sufficient background study with article attached.) • For each of the article, students required to quote precisely the title of article, author, date and source. Assignment Guideline - cont • Part 2: Describe the impact of commodity price change on: • Consumer: In term of Demand Side • Producer/Seller: In term of Supply Side • Students may explain it with the using of relevant diagrams to illustrate: • Movement or shift of the demand and supply curves. • The changes of Quantity & the changes of Prices Assignment Guideline - cont • Part 3: Analyze and explain the impact of the commodity change towards: • Consumers • Producers Assignment Guideline - cont •...
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...I. IDENTIFICATION Title of Case: A Case Study of the Rocketing Price of Onions in Malaysia Author(s): Prof. Dr. Syed Omar Syed Agil ; Nurul Iman Suhaimi ; Mirza Fareed Beg Universiti Tun Abdul Razak Institution: V. SYPNOPSIS OF CASE This case is about the impact of skyrocketing price of onions on consumer and food business operators. It described decisions being made by consumers and business operators with the change in prices of onions. The case also briefly highlights the role of government and the situation in which it can intervene in price control. VII. TEACHING OBJECTIVES OF THE CASE AND/OR KEY ISSUES 1. Students learn about the laws of demand and supply and apply factors that can cause demand and supply to shift. 2. `Students learn to use the concept of elasticity of demand to explain the consumer behavior in response to changes in the price of goods. 3. As a quantitative tool for decision making on prices, quantity and revenues. Students learn the applications of relationship between elasticity of demand and total revenues of a firm. 4. Students learn how to apply demand and supply to analyze the impact of changes in market conditions such as price and quantity. 1 ======================================================================= ROCKETING PRICE OF ONIONS ================================================================= PROLOGUE Weng Li and his colleagues usually hung out at Restoran Ali Kaya for lunch. They enjoyed he food there very...
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...IMF Country Report No. 15/58 MALAYSIA March 2015 2014 ARTICLE IV CONSULTATION—STAFF REPORT; PRESS RELEASE; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR MALAYSIA Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. In the context of the 2014 Article IV consultation with Malaysia, the following documents have been released and are included in this package: The Staff Report prepared by a staff team of the IMF for the Executive Board’s consideration on February 13, 2015, following discussions that ended on November 24, 2014, with the officials of Malaysia on economic developments and policies. Based on information available at the time of these discussions, the staff report was completed on January 23, 2015. An Informational Annex prepared by the IMF. A Press Release summarizing the views of the Executive Board as expressed during its February 13, 2015 consideration of the staff report that concluded the Article IV consultation with Malaysia. A Statement by the Executive Director for Malaysia. The document listed below has been or will be separately released. Selected Issues Paper The policy of publication of staff reports and other documents allows for the deletion of market-sensitive information. Copies of this report are available to the public from International Monetary Fund Publication Services PO Box 92780 Washington, D.C. 20090 Telephone: (202)...
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...[pic] Term Paper On “Price behavior on Edible Oil” Submitted to:- Prof. Dr. Baqui Khalily (Course Teacher) Micro /Managerial Economics United International University Submitted by:- ID: - 112113042 SEC:- A Submission Date: -April 28, 2011 ACKNOWLEDGEMENT Firstly, all praise to almightily Allah who gives me strength to complete this report, I would like to pay my gratitude and respect to some important person for their own co-operation. Then I am very grateful to our course teacher, who gave me this opportunity for preparing this report of “Price Behavior on Edible Oil” Beside, that, he guided us to prepare this report in an organized manner. I am also very pleased to him for giving clear concept about this topic. Secondly I want to say that I am doing great deal of hard work for preparing this report. I have collected information from different shop and from different types of journal for this report. Finally, I am indebted to them who have directly and indirectly assisted me in conducting the study. I again want to give my cordial love and respect the honorable course teacher because from him I have learned a great deal of things related it this report’s hope that this report has been prepared for the fulfillment of the course requirement. LETTER OF TRANSMITTAL April 28, 2011 Prof. Dr. Baqui Khalily (Course Teacher) Micro/ managerial Economics ...
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...never been a complete one or a successful report if it was not for their help and advices. Executive summary Globalization is a process of interaction and integration among companies and government of different nations. This is a process driven by international trade and investment and aided by information technology. And also it effects on the environment, on culture, on political system, on economic development and prosperity, and in societies around the world. The aim of this report is to provide finding and on Malaysian economy in a nutshell with regard to beauty and cosmetic products, identify the current trends and changes in the industry. And also analyze the cultural differences and the impact on Globalization, analyzed the Impact of multinational brands, local brands in the industry and future of the industry. Identify the direction and a coherent, overall plan is particularly important to a global Companies, like Ceylon spa which produces many different product lines worldwide. This report will provide holistic view of the findings and analyzing the environment and the basic structure of Malaysia. The PESTLE analysis of Malaysia identified different impacts on the country’s...
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...Student IC No. | 780205-14-6346 | Name Of Tutor | Pn Malar Arasi A/P Sundaram | Class Code | 4ENV1 | TMA No. | 1 | TMA Submission Date | September 5, 2011 | PART A (Case Scenario) (a) Elaborate on the causes of sugar price hike as discussed in the article above. [8 marks] The article as reported by Andrew Clark indicates that the main cause of the sugar price increase in the global commodity market occurred due to a simultaneous drop in the overall supply of sugar by the world’s largest sugar producer, Brazil, alongside a change in the supply and demand of the world’s largest consumer of sugar, India. In the case of Brazil, the world’s largest sugar producer, the drop in the supply of sugar occurred due to a period of heavy rain, as well as the decision to channel a large portion of sugarcane, an input into the production of sugar, into another industry, ethanol fuel production, hence significantly reducing the availability of this input to sugar production. Figure 1.1 below illustrates S1 as the original supply curve of sugar, and S2 as the new supply curve of sugar which has shifted to the Left. This shift to the left is caused by a decrease in sugarcane supply, an important input to sugar production. The effect is an increase in the Price of sugar due to a decrease in the quantity of sugar supplied globally. Coupled with the existing global sugar supply shortage caused by Brazil’s decreased production of sugar, India, the world’s largest consumer of sugar,...
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...Introduction : Recent years ,Malaysia is keeping on priming of economy,their aim is to determine the Malaysia into a high-income developed nation.so they has been proposed the economic transformation programme ,the programme is a comprehensive effort that will transform Malaysia into a high-income nation ,and change the country's main productivity from the agricultural to the Industrialization by 2020. The Economy transformation programme is follow a quite different way from the past to develop the economy . This programme planning to focus on the core development area : the 12 national key economic areas(NKEAs) ,including oil gas and energy ,palm oil and rubber, financial services,tourism,business service,electrical and electronic,wholesale and retail ,education,healthcare , Communications Content and Infrastructure; Agriculture; and Greater Kuala Lumpur/Klang Valley.which are choose from the Malaysia' s advantage industry and the future potential industry.those key economic areas will bring a huge amount of profit contribute to Malaysia 's economy ,and those areas will be acquired the public investment and government support in prior。Besides,those Key economic area will be get policy reforms such as the remove the economic competition barriers and market liberalization .This program will involve the deliberate choices and trade-offs. Prioritize investment in key economic sectors means less investment in other areas. To bring about meaningful change for the country, the selection...
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...Introduction to the fuel market Fuel is the most important commodity in our daily lives and it is one of the main inputs in the economic sectors such as transport, construction and so on. If war occurs in Country A, which is the largest oil producing country in the world, the fuel supply will be disrupted and the economic problems will exist in countries around the world. Let us have a look into a real example of this with the history in world oil market: In 1979 and 1980, events in Iran and Iraq led to round of crude oil price increases (Williams, 2009). It resulted in the loss of 2 to 2.5 million barrels per day of oil production between November 1978 and June 1979 in Iran. At one point, production almost stopped the progress. The Iranian uprising was the immediate cause of what would become the highest price in World War Two. However, its impact on prices would have been limited and of relatively short duration had it not been for subsequent events. Shortly after the revolution, production was up to 4 million barrels per day. In September 1980, Iran already weakened by the revolution invaded by Iraq. By November, the combined production of both countries was only a million barrels per day and 6.5 million barrels per day less than a year before. Consequently worldwide crude oil production was 10 percent lower than in 1979. The combination of the Iranian revolution and the Iraq-Iran War cause crude oil prices to more than double increasing from $14 in 1978 to $35 per...
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...PLANTATION CROPS PLP 5003 TITLE: SUSTAINABLE DEVELOPMENT OF OIL PALM AS THE MAJOR PLANTATION CROP IN MALAYSIA GROUP 7: MOHD HARLIZAN BIN MOHAMAD DARUS GS32853 ADIBAH NOOR BINTI KHAIRUDDIN GS36223 SHAHFAHZIELAH BINTI SHAMRAN GS36066 SITI NOR ANIZAM BINTI ZAMRI GS38320 1.0 INTRODUCTION The oil palm, Elaeis guineensis was brought over to the Bogor Botanic Garden in the Island of Jawa, Indonesia from West Africa in 1848 (Polunin, 2004). It has been planted in almost 43 countries in tropical regions of Southeast Asia, Africa and South America. It was planted in Malaysia in 1896 much later after Indonesia (Yacob, 2005). Now, this crop has become major plantation crop in Malaysia contribute to palm oil industry. Palm oil industry is one of the most traded agriculture commodities in the world. In Malaysia, this industry has been an important agriculture in the economy for the past three decades. Malaysia is one of the major producer of palm oil in the world which contribute17.6 million tonnes respectively in 2009. Recently, concern over the environment impact people around the world keeps on talking about global warming, greenhouses effect, deforestation and other environment impact caused by human activities or improper development. Government and private sectors are being urged to commence all agriculture activities include oil palm within the concept of sustainable development. Therefore, sustainability becomes the main word uses in almost all planning...
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...DETERMINANTS OF FOREIGN DIRECT INVESTMENT IN THE MALAYSIAN MANUFACTURING SECTOR NOR AMIRA IZZATI BINTI MOHD IKHWAN 2011362629 NUR HASIDAH BINTI HUSSEIN 2011391659 BACHELOR OF BUSINESS ADMINISTRATION (HONS) FINANCE FACULTY OF BUSINESS MANAGEMENT UNIVERSITI TEKNOLOGI MARA JOHOR. DECEMBER 2013 TITLE PAGE DETERMINANTS OF FOREIGN DIRECT INVESTMENT IN THE MALAYSIAN MANUFACTURING SECTOR NOR AMIRA IZZATI BINTI MOHD IKHWAN 2011362629 NUR HASIDAH BINTI HUSSEIN 2011391659 Submitted in Partial Fulfillment Of the Requirement for the Bachelor of Business Administration (Hons) Finance FACULTY OF BUSINESS MANAGEMENT UNIVERSITI TEKNOLOGI MARA, JOHOR. DECEMBER 2013 i BACHELOR OF BUSINESS ADMINISTRATION (HONS) FINANCE FACULTY OF BUSINESS MANAGEMENT UNIVERSITI TEKNOLOGI MARA SEGAMAT, JOHOR DECLARATION OF ORIGINAL WORK NOR AMIRA IZZATI BINTI MOHD IKHWAN 2011362629 NUR HASIDAH BINTI HUSSEIN 2011391659 We are here by, declare that, This work has not previously been accepted in substance for any degree, locally or overseas and is not being concurrently submitted for this degree or any other degrees. This project paper is the result of our independent work and investigation, except where otherwise stated. All verbatim extracts have been distinguished by quotation marks and sources of our information have been specifically acknowledged. Signature: _______________ Date: _________________ ii LETTER OF SUBMISSION ...
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...INTRODUCTION We are required to collect stock prices of 35 public listed companies. There are 20 Malaysia, 5 United State, 5 United Kingdom, 5 Indonesia and KLCI index for the period of 2006 until 2013 based on weekly basis. Malaysia stock prices in this project based on Bursa Saham Malaysia. The stock prices of 20 Malaysia public listed company named by Prostaco, Raya International, Tiong Nam, Tong Herr, Toyo Ink, TSH, Turiya, United, Vitrox, UPA Corporation, Zecoon, Yokohama Industries, Woodlandoor, Wong Engeenering, White Horse Berhad, Whelcal Holding, Weida, Warisan TC Holding, Yinson Holding Berhad and YTL Power. While, the stock prices of 5 United State public listed company named by Adobe System INC, Alaska Air Group INC, Apple INC, The Aes Corporation and The NewYork Mellon Corporation. For stock prices of 5 United Kingdom public listed company named by Barclay, Bg Group, Big Yellow Group, Black Mount and Bovis Homes and lastly for the stock prices of 5 Indonesia public listed company named by Astra International, Bank Central Asia, Bank Danamon Indonesia, Kimia Farma and Unilever Indonesia. We also are required to demonstrate and explain the computations of annual return, risk, Sharpe ratio, return, covariance, beta, Treynor Ratio, portfolio standard deviation, and build a graph. THEORETICAL CONCEPTS In this assignment, we used the formula of Variances, Annual, Standard Deviation, Covariance, Correlation Coefficient, Beta, Variance Of Portfolio, Risk, Sharpe Ratio...
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...replace the current fiat money that already in circulation for more than a decade in the market? Even though the Gold Dinar is not a legal tender, the bimetallic gold and silver system has been used as a medium of currencies since the Byzantium era before it ended in the year 1875 when the fiat money was introduced to replace the gold and silver coins from the monetary system. As we know, gold dinar has been around us for a long decade. History shown that gold dinar is a very effective medium of exchange for a long time. But why all the country nowadays uses paper money? Paper money had such a bad reputation in the economy but still most of the banks use this type of money for their everyday transaction. There must be a reason why paper money holds a very strong influence in the current economy although it was devastating when we use it. But throughout the history, gold dinar also had shown an issue of its own. A gold standard had a breakdown in 1931 and the world witness a era of freely fluctuating exchange rates between national currencies. The International Monetary Fund (IMF) was established in 1946 to make arrangements for fixing exchange rates among national currencies with some measure of flexibility and help them tied over their balance of payments difficulties. The return to gold standard was not considered desirable, for a variety of reasons. After the 1997-98 financial crisis Malaysia was in particular searching for...
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...cloth (U.S./India) — Figure 2.1 ( supply and demand ( the effects on India and the U.S. IV. Trade Based on Absolute Advantage A. Absolute Advantage ( PASSPORT: Football Games, Rats, and Economic Theory ( PASSPORT: Mercantilism ( Table 2.1 B. The Gains from Specialization and Trade with Absolute Advantage ( gains from trade — Table 2.2 ( the labor theory of value V. Trade Based on Comparative Advantage A. Comparative Advantage ( Table 2.3 ( David Ricardo ( Babe Ruth B. The Gains from Specialization and Trade with Comparative Advantage ( PASSPORT: Principal Exports of Selected Countries — Table 2.4 ( Change in world output — Table 2.5 VI. Trade Based on Opportunity Costs A. Opportunity Costs ( PASSPORT: Labor Costs as a Source of Comparative Advantage — Table 2.6 B. The Gains from Specialization and Trade with Opportunity Costs ( Table 2.7 ( Autarky VII. The Production Possibilities Frontier and Constant Costs A. The Production Possibilities Frontier — Table 2.8 B. Production and Consumption Without Specialization and Trade — Figure 2.2 C. Production and Consumption with Specialization and Trade — Figure 2.3 VIII. The Terms of Trade A. Changes in the Gains from Specialization and Trade ( Table 2.9 ( Figure 2.4 ...
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...pART 1 NEW ECONOMIC MODEL FOR MALAYSIA NEW ECONOMIC MODEL FOR MALAYSIA pART 1 High Income Rakyat Quality of Life Inclusiveness Sustainability NEAC National Economic Advisory Council Level 5 & 11, Menara Usahawan Persiaran Perdana, Precinct 2 Federal Government Administrative Centre 62652 PUTRAJAYA MALAYSIA NATIONAL ECONOMIC ADVISORY COUNCIL NEAC www.neac.gov.my NEAC NATIONAL ECONOMIC ADVISORY COUNCIL CHAPTRE NEW ECONOMIC MODEL F O R M A L AY S I A 1 Part I: Strategic Policy Directions Copyrights Reserved All rights reserved. No part of this publication may be reproduced, stored in retrieval system or transmitted in any form or by any means electronic, mechanical, photocopying, recording and/or otherwise without the prior permission of: Secretary National Economic Advisory Council Level 5 & 11, Menara Usahawan Persiaran Perdana, Precinct 2 Federal Government Administrative Centre 62652 PUTRAJAYA Tel.: 03-8888 6512/ 8888 6513 Fax: 03-8888 4638/ 8888 4177 Email: secretariat.neac@pmo.gov.my www.neac.gov.my Sales copies are obtainable from: Percetakan Nasional Malaysia Berhad Jalan Chan Sow Lin 50554 Kuala Lumpur Tel.: 03-9236 6888 Fax: 03-9222 4773 Email: cservice@printnasional.com.my __________________________________ Cover design and layout by Percetakan Nasional Malaysia Berhad Preface This report is the first of two documents by the National Economic Advisory Council (NEAC) on the New Economic Model (NEM). This report presents...
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...1. INTRODUCTION Malaysia as described by many economists and development scientists is one of the fast growing developing countries in the East. The rapid process of economic development and increase number of population is a resulted from the globalization that Malaysia had experience. Globalization may be thought of initially as the widening, deepening and speeding up of worldwide interconnectedness in all aspects of contemporary social life, from the cultural to the criminal, the financial to the spiritual. Globalization is a situation explaining a process by which regional economies, societies, and cultures have become integrated through a global network of communication, transportation, and trade (Wikipedia). Meanwhile, Palmer (2002) defines globalization as "the elimination of state-enforced restrictions on exchanges across borders and the increasingly integrated and complex global system of production and exchange that has emerged as a result”. Professor Madya Dr. Zaid Ahmad stated that, globalization is a recently emerging fashionable expression that carries several connotations. There are those who have used it to express what they argue as new phenomenon enveloping societies the world over. Generally, globalization involves three distinct processes such as the distantless, borderlessness and interconnectedness of nation-states Society always arguing about a process which is naturally unstoppable. Either unprepared for it or against it, they will simply engulfed...
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