代写BMAN31881 ESSAY IN ECONOMIC ANALYSIS II ESSAY TOPIC II Automation, Firm Growth, and the Economy代做J

BMAN31881

ESSAY IN ECONOMIC ANALYSIS II

Due date: 8th / January / 2025.

Word upper limit: Strictly 2000 words

ESSAY TOPIC II

Automation, Firm Growth, and the Economy

Technological advances have lowered the quality-adjusted prices of robots and expanded the scope of tasks susceptible to automation. Tasks traditionally viewed as unique to humans, such as driving or flying, are now subject to automation. Automation has also begun to shape the service sector. Automation has far-reaching implications for firms, industry dynamics, market concentration, and competition. Your task is to explore the effect of automation on firm growth and industry dynamics. Reflecting on the recent literature on automation, your essay should:

a)   Develop a theoretical framework to explain how new process technologies such as automation and robotics affect a firm’s cost structure and shape its opportunities for growth.

b)   Discuss how and when firms can most benefit from automation to grow and gain market share. Support your analysis by referring to relevant findings in the economic literature.

c)   Explain how automation may affect a firm’s human capital, management hierarchy, growth and financial strategies and its organisational architecture, including its horizonal and vertical boundaries. Support your analysis by referring to findings in the economic literature.

d)   Drawing on your analysis, explain whether automation increase concentration, lower market entry and stifle competition. Critically analyse some of the empirical findings on the topic.

Important:

You must draw on relevant economic concepts, graphs, and theories to provide a satisfactory analysis. Failure to use economic theory, concepts, and graphs will result in a very low mark. Relevant concepts include firm productivity, Darwinian selection, scale economies, scalability, and winner-take-most dynamics. It is also important to inform. your analysis by referring to relevant data, and the use of peer-reviewed academic journals is essential.

Several notes will be posted on the course webpage to help you with your research on automation and the emerging literature on the topic. A note will provide detailed marking guidelines, which you must follow.