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Organisation of Petroleum Exporting Countries (OPEC)

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Organisation of Petroleum Exporting Countries (OPEC)

C/B/2999. Overview of the impact of oil: case study of Nigeria

WORDS:: 1000
DATE:: 2010
PRICE:: 19.99 GBP

This paper analyses the impact that oil has on countries, and why it is seen as such an important factor, using Nigeria as an example. The paper discusses oil companies, and the way in which they behave, in relation to corruption. The argument of the oil curse is discussed, suggesting that external forces are to blame. The paper also covers OPEC in detail, focusing on the reasons behind its set up.

KEYWORDS: Oil, Nigeria, oil companies, OPEC, corruption, oil curse,

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C/B/2847. An analysis of OPEC Cartel and the UK Supermarket industry regarding economics and the recession

WORDS:: 1900
DATE:: 2010
PRICE:: 19.99 GBP

This paper answers a series of questions about a text on the Organisation of Petroleum Exporting Countries (OPEC) cartel and two extracts on the UK supermarket industry. The paper explains OPEC Cartel, describes what type of market that the oil industry is in, explains how OPEC sets their price and output, and analyses why they operate the way they do. The paper discusses ‘cheating’ in the oil industry and the way OPEC deals with it, as well as the implications of high oil prices. The OPEC section concludes by discussing the recession and by illustrating the oil price changes between 2001-mid 2008 and mid 2008-early 2009. The paper then goes onto discussing the UK supermarket industry, by comparing Aldi and Tesco in relation to market share and by describing the type of market structure the supermarket industry is. The way in which supermarket firms set their prices to attain abnormal profits is analysed, and the paper concludes by discussing the recession in view of the UK supermarket industry

KEYWORDS: Organisation of Petroleum Exporting Countries, OPEC Cartel, UK Supermarket industry, oil industry, price, output, cheating, the recession, oil price, downturn, Aldi, Tesco, market share, market structure, profits,

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C/E/516. Price competition within oligopoly

WORDS:: 1200
DATE:: 2010
PRICE:: 19.99 GBP

The paper looks at the market structure of oligopoly arguing whether companies within oligopoly market avoid price competition and exploring the reasons why they may do so. Case studies are conducted of pricing policies of the Organisation of Petroleum Exporting Countries (OPEC) within the oil industry, and the United Airlines’ fares policy. References are made to the demand curve theory.

KEYWORDS: Price competition, oligopoly, OPEC, United Airlines, demand curve,

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