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Analyse changes in house prices over the last five years and predict what is likely to happen to the market over the the next year or twoin London,UK.
To get details you could enquire in estate agents or building socities. The Halifax publishes quarterly leaflets on house prices, so too do newspapers. You could, for instance, try looking up the topic in the Times Index or The Economist Index (which you could find in the libraries). Economic Trends (ONOs) gives monthly data onthe prices of new houses. John Sloman ' Economics, fourth edition', Appendix 1 has also a list of useful websites.
a) Plot a time-series graph showing the movements of house prices.
b) Identify factors over the period that have caused the demand and/or supply curves to shift. Draw diagrams to illustrate your analysis here.
Limit 220-3000 words
The essay should meet the following expectations:
Answer the question set and keep to the topic.
Demonstrate an understanding f relevant economic principles, concepts and theories;
Ability to provide insightful analyis of issues involved
Abillity to organise material with supporting evidence;
Skillsin using diagram to explain economic ideas;
Knowledge ofcurrent issues relating to your assignment questions;
Evidence of thorough research.
Include an introduction in the opening paragraph and a conclusion in the final one.
Attach a bibliography of the books and journal articles used in the assignment. If there is sufficient evidence to prove that the essay has been copied fromanother student or from a book without proper acknowledgement of the sources, such an essay will receive a fail grade....