ECON203 Microeconomic Analysis: Consumer Choice, Labor, Automation

This assignment delves into microeconomic analysis, focusing on consumer behavior, labor market dynamics, and the impact of automation. It examines optimal consumer choices with and without subsidies, analyzing how subsidies affect consumption patterns. The assignment further explores the price effect, illustrating how changes in the price of goods influence consumer decisions, using the example of dining out versus dining in. It investigates the labor-leisure model, considering the impact of tax rate changes on workers' decisions. Finally, the assignment addresses the impact of automation on the job market, identifying vulnerable job sectors and the broader implications of technological advancements. Desklib offers a wealth of similar solved assignments and past papers for students seeking further assistance.