Economic Principles and Decision Making

Learning Outcomes :
a) Interpret and successfully apply economic
concepts of supply and demand for effective
organisational problem solving
b) Apply quantitative methods to forecast complex
business variables including demand, production
and costs
3000 words
objectives
•?Identification and analysis of market dynamics;
•?Critical analysis of the technological forces impacting on business practise;
•?Application of theoretical knowledge to practise
•?Utilising communication skills in various media;
•?Innovative approach, reflection.
How the assessment fits into the subject/course:
The assessments in this subject allow the students to fully explore economic concepts in theory and
in practice. There is an emphasis on labour markets and the impact of disruptive technologies to the
future of work.
Instructions:
The student will perform a labour market analysis to give a traditional overview and will then discuss
how findings apply to their everyday life.
n the analysis students are expected to demonstrate an understanding of traditional labour market
theory and of economic methods.
Assessment 1 should take the form of a consultative report which includes the following elements:
•?An introduction and context for the report;
•?A critical discussion of traditional supply and demand including their nature;
•?A regression analysis using the data provided and forecast future conditions;
•?A critical analysis founded on research into the concepts of nominal and real wages and their
interrelationship;
•?A drawing together and synthesis of the arguments of the report into a convincing
conclusion.
Output/Deliverable and parameters of the assessment
Individual submission of a consultative report comprising of 3000 words as well as the use of
relevant graphs, images and charts. Students may incorporate a range of media and formats in the
report and are expected to us extensive references from the literature to support their arguments.

TAKE ADVANTAGE OF OUR PROMOTIONAL DISCOUNT DISPLAYED ON THE WEBSITE AND GET A DISCOUNT FOR YOUR PAPER NOW!