ECO 6201E Business Economics Group Assignment 2026 | INTI International University

ECO 6201E Group Assignment

This assessment contributes 40% of the total coursework mark. To attempt this coursework, form a group that comprises a maximum of 5 members via Canvas.

Please adhere to the following instructions:

Requirement

1. This assignment requires students’ integrity and personal effort; plagiarism would not be tolerated. Plagiarism content must be ideally below 20%. You can view plagiarism content in the Turnitin report under Canvas. You can submit to Turnitin a maximum of three times to check for plagiarism content. Remember to attach your Turnitin report together with the group assignment upon submission.
2. Do submit your assignment in Canvas under the heading ‘Submit Group Assignment (40%)’ before the deadline. You are allowed to submit a maximum of three times. However, only the final submission will be taken for marking. You can follow the rubrics as guidance for this assignment that is attached together with the Canvas. One group member can submit the group assignment on behalf of the rest.
3. The total word count for all four questions should be between 3,000 and 3,500 words.
4. The due date is 6 July 2026 (Monday) at 11:59 p.m. (Malaysian time).
5. Use Microsoft Word with font size 12 – Times New Roman, Justified & 1.5 spacing
6. Creativeness in reporting e.g. comparisons, table form, graphical evidence, statistical analysis, and etc. carries weight.
7. When ideas and findings of others are presented, an appropriate academic style of citation should be adopted. Use Harvard Referencing in preparing these references.
8. This group assignment will be evaluated with 100% marks initially and will be proportioned to 40% marks, subsequently.
9. Students can create a simple cover page which includes name, identification number, course code & section, session and program. Students can also include a table of contents, but it is NOT counted in the word count.
10. Please adhere to all INTI/UH academic rules.

ECO 6201E Assignment Question

High oil prices due to the Iran war weigh on everything from the petrol pump to consumer goods

Choking of Hormuz sends energy prices surging and everyday costs higher

NEW YORK: Pain at the pump. Flights canceled, costlier airplane ticket prices and baggage fees. Everyday items such as soap and toothpaste getting more expensive. Higher postal prices.

Consumers are paying for the Iran war ‘s disruption of global energy production as the conflict enters its third month. Steeper petrol, diesel and jet fuel prices are making driving and air travel more expensive. Many companies warn there’s more to come: the cost of fuel and of materials derived from petroleum could drive up prices for food and for household items.

Iran has closed the Strait of Hormuz to oil tankers, keeping them pent up in the Arabian Gulf and away from customers worldwide, while a US Navy blockade is preventing Iran from selling its own oil. Prices surged overnight on worries that the war will affect the flow of crude for a long time.

US petrol surges to highest level since 2022

As the cost of crude climbs, so do the prices of petrol (gasoline) and other fuel that keep equipment, cars, buses, delivery trucks and airplanes running. Across the U.S., gas prices are at their highest level since 2022. The national average hit $4.30 a gallon on Thursday, compared with $2.98 before the war started, according to AAA. That’s a 44% increase since the U.S. and Israel attacked Iran on Feb. 28.

Diesel prices are making shipping cost more

Steep diesel prices are making it more expensive to haul everyday goods. Diesel is now at an average of nearly $5.50 a gallon, up from $3.76 before the war, AAA says. Shippers have started adding surcharges to cover the cost. The U.S. Postal Service implemented a temporary 8% charge on some of its services, including Priority Mail, to help blunt the impact of rising transportation costs. Amazon added a 3.5% fuel and logistics surcharge on third-party sellers using its platform to offset fuel prices as well.

Shoppers may see more sticker shock for clothing, cosmetics, furniture and other goods.”Diesel’s the one that you want to watch out for for prices of consumer goods,” said Peter Zaleski, professor of economics at Villanova University.

Plane tickets are getting pricier

After jumping to $209 a barrel in early April, the global price of jet fuel eased last week to around $179, still well above the roughly $99 at the end of February. Fuel is one of the largest expenses for airlines. Its prices are pushing up airfares, baggage fees and add-on charges.

Major U.S. carriers including Delta, United, American and Southwest have raised checked baggage fees. United is expanding its “pay for what you want” model from economy to premium cabins, charging separately for options like seat selection. American is adding fees for seat assignments in basic economy, even for its elite-tier loyalty members.

Outside the U.S., carriers in Asia and Europe have added or raised fuel surcharges, in some cases tacking on hundreds of dollars to long-haul tickets.

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