ECON 510 – Managerial Economics
Dr. Krassimir Petrov, Prince Sultan University

Midterm 2 – Take Home (25 points)

General Instructions
Try to be as specific as possible. Do not be tempted to copy large sections of what appears to be “good” material; don’t attempt to plagiarize – you risk failing this course and you jeopardize your MBA study. You may work in pairs and submit one joint work; anyone may submit alone or jointly with anyone else (including from the other group), but three or more people CANNOT submit jointly. Each group must work alone; groups working jointly is considered to be cheating.

Stay focused on topics covered in the sections of demand and supply. Do not attempt any quantitative (statistical/econometric) analysis. Use as few numbers and charts as possible and stay focused on descriptions.

For the global oil industry, consider in detail separately for demand and for supply, the following issues:
1. Factors affecting demand......

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Title: Integration Architect
Approximate Word Count: 454
Approximate Pages: 2 (250 words per double-spaced page)

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