Report on Demand, Market Equilibrium, and Barclays Bank's Products

This report provides an in-depth analysis of Barclays Bank, focusing on its product offerings, particularly life insurance, and the macroeconomic factors influencing its performance. The report begins with an overview of Barclays, including its core business segments and products, such as home and travel insurance. It then delves into the concept of demand and market equilibrium, explaining how these principles apply to Barclays' products. The study examines factors affecting demand, including the price of substitutes and complements, consumer income, taste, and expectations, and demographic trends. The report also explores price elasticity, identifying factors that influence it within the banking sector and discussing the impact of substitution effects. The analysis highlights the complex interplay of economic forces and consumer behavior shaping Barclays' market position, providing insights into the bank's strategic considerations.

Barclays bank and in particular Life
insurance

Contents
INTRODUCTION...........................................................................................................................3
TASK...............................................................................................................................................3
Company overview......................................................................................................................3
Product and services....................................................................................................................4
demand and market equilibrium..................................................................................................4
Factor effecting the demand........................................................................................................5
Factor influencing the price elasticity..........................................................................................7
Substitution effects......................................................................................................................7
CONCLUSION................................................................................................................................9

INTRODUCTION
Macroeconomic have been the important concept for the public to have better understanding of
economy in context of decision making of company, fiscal and global economic policy in
significant manner. Macroeconomic provided proper understanding to the policy makers and
interested individuals in order to view the relationship between different factor such as
unemployment, income and inflation. market equilibrium is the economic states when the
demand and supply curve intersect.
Barclay bank is been recognized as among the top banks in UK providing the large customer
plethora of different services (Liu, Zhang and Fang, 2016). In this report there will be clear
discussion on the factor which are affecting demand of Barclay product indicating the demand is
increasing of decrease. The report will also include factor which are influencing price elasticity
and which product is elastic or inelastic.
TASK
Company overview
Barclay plc is the British multinational investments banks and financial services company
headquartered in London, England. The bank is being identified in four core business that are
such as personal banking, corporate banking, wealth management and investment managements.
the company moves, lends, invest and protect the money for customer and clients at worldwide
level. The firm have purpose and values as creating the different opportunities to rise for the
client, customer colleagues and society. The firm tends to have measured different rewards for
employees along with calculating the commercial results and bring value to there every day life n
perfect manner.
The board of principal have duty regarding the creation and delivering sustainable shareholder
value through implication of appropriate strategy overseeing the differ implementation in perfect
manner. Certain level of responsibilities is delegated to its functions and ensure the independent
oversight of internal control and risk management. the firm have suppliers as an extension to
business key as key helping to become customer first choice. The firm have aim to develop the
world class, value adding partnership with the suppliers and supportive initiate solution and
reside in heart of customer.
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Product and services
Barclay insurance have protecting and cover customers by proving the peace of mind with high
quality range which is designed to offer protection whenever is needed. The product are service
ae such as the Barclay home insurances and life insurance (Fungáčová, Weill, and Zhou, 2017).
Barclay life insurance and life insurance for mortgage holders been provided by the legal and
general assurance society Limited, who are authorised by the Prudential Regulation Authority
and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. the
firm have the main aim to better market advices along with trust planning to improve in
efficiency of policies. this will be helping to ensure events of worst happening always goes to the
intend beneficiaries.
Moving Barclay tech insurance providing the accidental damage and breakdown cover up the
amount for two devices. This will have inclusion such as covering loss and theft cover for four
mobile phones and unlimited number of gadgets.
Travel insurance of the Barclay have been the good option to buy the comprehensive cover
without having any worry about add- ones. This have the inclusion of the standard feature such
as End Supplier Failure, Insolvency, Airspace Closure, Baggage, Cancellation/Delay/Curtailment
and Catastrophe. this is flexible travel insurance options such as single trips m multiple trip year
or extended stays. At the present time, due to the COVID 19 pandemic the firm have
temporarily stopped the offering the travel and travel plus insurances. The firm is trying to pay
the major level of focus on their customer base supporting them and may be facing travel
disruptions in upcoming week and months.
Hence the company Barclay have been truly unique paying major consumers , corporates an
investment moving out to be the world largest ad most respected financial institution with
heritage of success, quality and innovating starching back over the 325 years of works and
market good will.
demand and market equilibrium
Demand is the economic principles which is refereeing t customer desire for purchasing of
goods and services with willingness to pay price for specific goods or services (Camara, ,
Davidson, and Fodor, 2020). Holding all other factor constant, he increases in the price of good
and services will decrease the quality demanded and vice versa.
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Market demand is the total quantity demand across all countries in the market in given period
for all the goods and services in an economy. There have been the multiple stocking strategies
which are often required as o make proper handling of demand in respective manner.
Supply and demand factors are considered to be unique for product and services as all factors
are summed up in demand and supply profiles which are platted in slopes. As their demand
curves have slope downwards with lent to rights. As the price have increases, the quantity
demand by decrease. On the other hand, the supply demand tends to have slope upwards which
tends that’s the price increase supplier tends provide the more goods and services in the market.
on the other hand, the market equilibrium has been the state of markets where the supply in
market which is equal to the demand of market. The equilibrium price in the good where the
supply and equal to demand for it in market. Equilibrium price is also stated as market clearing
prices which have been referred to the price where there is neither an unsold stock nor the
unsupplied demand have been stated.
There is the proper determination of the effect of simultaneous shift in the demand and supply
curve on the development of equilibrium point. this have basically depended on the extent of
shift in demand and supply curves. In case there is shift in supply curves is greater than the
demand curves have decrease in output increase.
Factor effecting the demand
Price of Substitutes
The substitute goods have the positive relation between the product and its substitute product.
As the increase in the price of the any bank product will make the increase in demand of another
substitute goods in comparative manner (Shy, Stenbacka, and Yankov, 2016). As for he
examples the premium of the Barclays banks insurance premium have increased, there more
clearly the demand of another product of insurance will have steep increase. So, the demand for
the given commodity have the directly affected by the change in price of the different substitute
goods.
Price of Complements
Complementary goods have the one which tends to have bind together in order to provide the
proper protection to have satisfaction in particular wants. the increase in the price of
complementary goods have lead to increase the demand of commodity and vice versa.
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On the other hand, the complement product holds the negative relation between increase in the
demand of product and complements prices. The change in the government policies prices or
rules and regulation will lead to have the establishment of inverse relationship on the demand of
the bank insurance product in descriptive manner.
Consumer Income
This is an important factor as disposal income have the direct proportional level of relationship
to the quantity demand of the product. The increase in the disposal incomes have enabling of
consumers to be able for affording more level of goods in perfect manner. Higher incomes will
have the occurrence for variety of reason such as the high level of wages and lower inclusion of
tax.
Consumer Taste and Preferences
Taste preference have the direct level of influencing in adding the value to their individual
demand as well as perspective of consumers to the various process , the grater label of
consumer of goods the greater will be the demand. Hence there in case in the more and more
favoured substitute goods than a specific commodity (Ashraf and et.al., 2020). Then the number
of substitute’s buyers will rise. As important facto will be the determination o the demand of
financial services of their company have the basic assumption and preferences of the consumer
over it. It the banks have preferable insurance policing covering all taste and preference will be
resulting in large shift in demand curves. There have been change in demand of the banking
product
Consumer Price Expectations
The commodity such as the insurances have the major level of involvement in term of
speculations in term of prices. As in the case of the global pandemic, the crowd is facing have
created the direct impact over the increasing the proceed of insurance on medical claim and life
insurance. This speculation has been with population as this might get up in future so have
purchase right now. Similarly it can be stated as the situation when there customer have
expectation for the fall in prices in upcoming future , then there will ve postponing the part of
consumptions of goods with the result will have decrease in demand.
Demographic
The market demand is majorly influence by these markets base or the customer demand. This is
all about the adding individual demand with each perceptive consumer at various possible prices.
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The great have the increase in level of consumers for more substitute goods as than specific
commodity. There number of substitutes will have making there new markets in distributing the
goods and looking to the population of growth. So, the banking customer have the specific level
of demographic will reaction to the maximum management of the company in descriptive
manner.
Factor influencing the price elasticity
Demand or price elasticity gave been clear relation to the sensitivity of demand for the goods and
services due to the respective change in factor. The researcher of economist have the calculation
of price elasticity in order to have determination of consumer behaviours and identifying the
spending patterns which are effected in term if specific factor is considered. There high demand
elasticity is considered as economic value as consumers have good more responsive to the
change and variable. Converse the good and low demand are be regardless the change in
economic behaviour variable as consumer do not have adjusting to the spending pattern.
converse the good with the low demand elasticity which is mean to have regardless of the change
in economic variables, but the consumer doesn’t have the adjusting the spending pattern.
Currently the price elasticity in the banking sector is considered to be relatively higher as the
internet is being stages on the borrowed funds higher as comparative to the previous years. the
banks are making the higher level of credit surplus in order to have proper catering the potentilla
credit demand. However, in their upcoming future, it has been estimated as the price elasticity of
demand tends to have the decrease (Ntuli, 2017). There is various level of factor which are
contributing such as involvement of different invention and measures for auditing and
accounting been adopted in the banking sector in permeants manner.
The Barclays bank have the aimed to create the low interest as this strategy will be helping out
the two have more investment and more disposal income.
Substitution effects
The substitution effects have the decrease in sale for product which can be attributes as of the
consumer switching to the cheaper level of alternatives when its prices. The product can have the
lose market share for major reasons but the satiation effects have the pure level of refection in
term frugality. The firm have aim to develop the world class, value adding partnership with the
suppliers and supportive initiate solution and reside in heart of customer.
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The brand has the rise in its prices but the consumer has the selection of cheaper alternative.
Hence the result the banking sector will decline at both nationally and globally is well regulated
by the development of such regulation. Banks are required to have maintained the balanced place
ground through promoting the financial stability through reducing the proving sorts. banks are
facing their numerous risks arising out of different operation. but it is important to have note as
the banking and insurance industry doesn’t have major level of suffering of any real threat
related to the threat of substitutes as far as the deposit and withdrawals. On the other hand, the
insurances, mutual funds and fixed income securities are some level of basking services that is
also offered by the non-banking companies. In addition it can be celery noted as the substitution
away have the limited sense of labiality. Certain level of responsibilities is delegated to its
functions and ensure the independent oversight of internal control and risk management. the firm
have suppliers as an extension to business key as key helping to become customer first choice
(Kumar and Sakthivel, 2020.
Goudkamp, 2017). At the present time, due to the COVID 19 pandemic the firm have
temporarily stopped the offering the travel and travel plus insurances. The firm is trying to pay
the major level of focus on their customer base supporting them and may be facing travel
disruptions in upcoming week and months.
as to have the major level of discussion of the Barclays pricing policy is concerned, the firm
pricing strategy have the depended on something which is offering major level of competitions,
regulatory body influences a customer demand of those services. there company have the
offering of various customer flexibility options with discount about 25% discount in the mobile
broad band scheme interest free overdrafts, monthly fee waiver and discounted rates for loans. In
addition to that’s the form has also make the clear level of decision over the cutting down the
annual expansion up to the $ 24.5 billion that is about the 25% reduction in operating cost to
have managing its level of expenses. This is done in primary manner to have checking all level
of revenues and operating cost. There have been the leis of freeing up he major level of portions
to manages it member capital (Chaamwe and Lulembo, 2016). Hence the company Barclay have
been truly unique paying major consumers , corporates an investment moving out to be the
world largest and most respected financial institution with heritage of success, quality and
innovating starching back over the 325 years of works and market good will.
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CONCLUSION
From the above file, it can be concluded as Barclay bank is been recognized as among the top
banks in UK providing the large customer plethora of different services. The firm have purpose
and values as creating the different opportunities to rise for the client, customer colleagues and
society. At the present time, due to the COVID 19 pandemic the firm have temporarily stopped
the offering the travel and travel plus insurances. Supply and demand factors are considered to be
unique for product and services as all factors are summed up in demand and supply profiles
which are platted in slopes. The change in the government policies prices or rules and regulation
will lead to have the establishment of inverse relationship on the demand of the bank insurance
product in descriptive manner. Converse the good and low demand are be regardless the change
in economic behaviour variable as consumer do not have adjusting to the spending pattern.
Currently the price elasticity in the banking sector is considered to be relatively higher as the
internet is being stages on the borrowed funds higher as comparative to the previous years. In
addition, it can be celery noted as the substitution away have the limited sense of labiality. The
COVID 19 pandemic the firm have temporarily stopped the offering the travel and travel plus
insurances.
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REFERENCES
Books and Journals
Online
Liu, L., Zhang, G. and Fang, Y., 2016. Bank credit default swaps and deposit insurance around
the world. Journal of International Money and Finance, 69, pp.339-363.
Fungáčová, Z., Weill, L. and Zhou, M., 2017. Bank capital, liquidity creation and deposit
insurance. Journal of Financial Services Research, 51(1), pp.97-123.
Camara, A., Davidson, T. and Fodor, A., 2020. Bank asset structure and deposit insurance
pricing. Journal of Banking & Finance, p.105805.
Shy, O., Stenbacka, R. and Yankov, V., 2016. Limited deposit insurance coverage and bank
competition. Journal of Banking & Finance, 71, pp.95-108.
Ashraf, B.N and et.al., 2020. Capital regulation, deposit insurance and bank risk: International
evidence from normal and crisis periods. Research in International Business and Finance, 52,
p.101188.
Ntuli, M.G., 2017. An evaluation of bank acquisition using an accounting based measure: a case
of Amalgamated Bank of South Africa and Barclays Bank Plc. Banks & bank systems, (12,№ 1
(cont.)), pp.160-165.
Kumar, A.A. and Sakthivel, R., 2020. The Effects of Social Media on Consumer Buying
Behaviour-A Case Study of Barclays Bank PLC Vs Zanaco Bank, Zambia. International Journal
of HR & Organizational Management Insights & Transformations [ISSN: 2581-642X (online)],
5(1).
Goudkamp, J.L.M., 2017. Various claimants v Barclays Bank Plc. Journal of Personal Injury
Law, 2017(4).
Chaamwe, N. and Lulembo, K., 2016. Evaluating the impact of ICTs on HR service delivery: A
case of Barclays bank Zambia. Journal of Advanced Management Science Vol, 4(6).
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