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Old 05-02-2014, 03:28 PM   #1
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Question Help me with Economics Projects!!!!!

Hey guys. I need help with my economics project, its about picking a product that I am familiar with and talk about realistic events on how it would affect supply and demand of that product. In this case, my product is model aircraft's.

Can you guys help me come up with realistic events that might affect supply and demand positively and negatively of model aircraft? So far I came out with two. And I need eight events.

1. Price in Plastic/Diecast metal Rises
2. Airline trademarks and licensing
3.
4.
5.
6.
7.
8.

Thanks DAC !
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Old 05-02-2014, 03:47 PM   #2
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Default Re: Help me with Economics Projects!!!!!

The price of labor increases, like China's wages goes up

If someone points out a glaring problem of the model that affects the demand of the model
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Old 05-02-2014, 05:00 PM   #3
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Default Re: Help me with Economics Projects!!!!!

Distribution and retailer rates.
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Old 05-02-2014, 06:15 PM   #4
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Default Re: Help me with Economics Projects!!!!!

Price of gasoline affects everything
Trade agreements related to import duties
Tariffs
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Old 05-02-2014, 07:41 PM   #5
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Default Re: Help me with Economics Projects!!!!!

* Shipping or freight fees
* Tampo printing ink
* Plastic for cradles price increase
* Paper boxes price increase
* A brand new livery (like AA) for instance
* A brand new aircraft (like A350 or B789)
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Old 05-02-2014, 07:54 PM   #6
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Default Re: Help me with Economics Projects!!!!!

I'll put another vote for labor cost/availability - wages in China going up. supply of cheap labor coming from rural parts of China to coastal manufacturing areas tapering off.

you may have trouble getting good data or information in general though - for example I don't think Aeroclassics is a publicly listed company that puts out annual reports of information for investors.

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Old 05-03-2014, 01:05 PM   #7
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Default Re: Help me with Economics Projects!!!!!

Political tensions with China. New markets opening up, like India, with high demand for the product.
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Old 05-03-2014, 01:15 PM   #8
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Default Re: Help me with Economics Projects!!!!!

Here are more potential points to consider
  • development cost (design & making of dies/molds/patterns)
  • advanced/standing orders (something to jumpstart your production)
  • advertising
  • production costs vs. quantity
I'd bet our own Andrew klein could give you all the details in excruciating detail if he feels inclined (search forums and you may gather all his nuggets of production considerations).
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Old 05-03-2014, 04:37 PM   #9
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Default Re: Help me with Economics Projects!!!!!

Quote:
Originally Posted by dboyd001 View Post
Here are more potential points to consider
  • development cost (design & making of dies/molds/patterns)
  • advanced/standing orders (something to jumpstart your production)
  • advertising
  • production costs vs. quantity
I'd bet our own Andrew klein could give you all the details in excruciating detail if he feels inclined (search forums and you may gather all his nuggets of production considerations).
Dave
He'll probably just go on his weekly rant about Johan Chan.
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Old 05-04-2014, 01:10 AM   #10
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Default Re: Help me with Economics Projects!!!!!

Thanks guys, Im gonna aim for a 100% on this project.
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Old 05-04-2014, 09:40 PM   #11
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Default Re: Help me with Economics Projects!!!!!

Your Chinese workers could go on strike.

BBC News - China's Yue Yuen shoe factory workers in large strike
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Old 05-04-2014, 10:51 PM   #12
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Default Re: Help me with Economics Projects!!!!!

Something interesting that came up a few months ago was when HM tried to send off when of their German WWII models and the aircraft tail had a swastika symbol, and new regulations had just came up where you can't export those models that had those swastika/nazi symbol so it had to be sent back to the factory.
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Old 05-05-2014, 01:00 AM   #13
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Default Re: Help me with Economics Projects!!!!!

The costs of shipping/distribution would be noteworthy (its a big factor here in Australia)
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