Understanding Microeconomic Concepts and Economic Data Tables

The Main Argument of the Initial Article

LO1: Describe and illustrate basic understanding of economic concepts

LO2: Describe and discuss economic data tables and basic economic models and draw conclusions.

You are required to prepare and make a presentation. The task is to review an initial article and to expand on the aspects of microeconomic theory. The following points should be focused upon in delivering your presentation –  

- Explain the main argument(s) of the article using microeconomic concepts/terms

- Refer to theory and apply it to main the issues – you should choose to focus on two of the following

• Scarcity and Production
• Demand and Supply
• Elasticity  
• Market Structure
• Business Organisations, Costs and Profit

Please refer to the Module Guide for information regarding indicative reading, guidelines for the preparation and submission of assignments, and the assessment criteria.

1. The presentation MUST be pre-prepared and submitted into Turnitin.  
2. The file must be submitted before 23:59 on submission deadline day. Please ensure you follow the instructions provided by your module tutor.

If a student fails to submit the presentation at the specified date and time (without an extension being granted or Mitigating Circumstances), it will be treated as a non-submission.

In the case of exceptional and unforeseen circumstances, an extension of up to 14 calendar days after the presentation date may be granted by your Programme Leader.  You should complete an Extension Form available from a tutor and attach documentary evidence of your circumstances, prior to the deadline.

Requests for extensions for periods longer than 14 calendar days must be made using the Mitigating Circumstances procedures. Please see your Programme Handbook for further details.

Secondary Research Level HE4 - It is expected that the Reference List will contain between five and ten sources. As a MINIMUM the Reference List should include one refereed academic journal and two academic books

A comprehensive description of microeconomic concepts and their relevance to the chosen business scenario. An excellent understanding of economic data tables and economic models is shown. Justified conclusion is drawn.  Microeconomic concepts and their relevance to the business scenario are demonstrated competently. Excellent use of various academic sources and application to theory is evident.    

A detailed description of microeconomic concepts and their relevance to the chosen business scenario. A very good understanding of economic data tables and basic economic models is shown. Draw valid conclusions. Microeconomic concepts and their relevance to the business scenario are demonstrated well. Very good use of various academic sources and application to theory is evident.    

A clear description of microeconomic concepts and their relevance to the chosen business scenario. A good understanding of economic data tables and basic economic models is shown. Draw good conclusions. Microeconomic concepts and their relevance to the business scenario are demonstrated reasonably. Good use of various academic sources and application to theory is evident.    

A satisfactory description of microeconomic concepts and their relevance to the chosen business scenario. Some understanding of economic data tables and basic economic models is shown.  Draw basic conclusions. Microeconomic concepts and their relevance to the business scenario are demonstrated fairly. Limited use of resources and application of theory is satisfactory.  

Students who do not meet the requirements of a third class grade will not successfully complete the assessment activity *Please note that if your work is referred you will not be able gain more than 40%.