Discuss the selected economic ideas

Assignment Help Microeconomics
Reference no: EM131594330 , Length: word count:1000

1. Choose any one article from the following articles:

Harry Potter and the Curse of Market Forces: A muggle's game

OR


Of legumes and liberalisation; Brazilian trade

2. Based on the list of learning objectives,

a) Identify two (2) microeconomic ideas you can find in the chosen article. Highlight sections of the text with those microeconomic ideas, and relate / match those two economic ideas, one at a time, to the learning objective given in the appendix. (2 marks for each concept; Total 4 marks)

b) Explain and further discuss the selected economic ideas. In your explanation, you need to show understanding of the economic ideas as they are used in the article, by drawing connections between the concepts and the article content. Support your discussions with relevant diagram(s). (8 marks for each concept; Total 16 marks)

In your submission, please keep to a limit of 1000 words in total for both concepts.

3. Attach a copy of the selected article and highlight the parts of the article you have referred to in your discussion.

Article 1

Harry Potter and the Curse of Market Forces: A muggle's game

The Economist (Online); London (Aug 17, 2016).

Article 2

Of legumes and liberalisation; Brazilian trade

The Economist (Online); London (Jul 2, 2016).

Attachment:- Research.rar

Reference no: EM131594330

Questions Cloud

Who are the brands competitors : Who are the brand's competitors? What product category does the brand fit into?How is this brand/company better than its competitors?
What option do you recommend the company to pursue : What option do you recommend the company to pursue? What are most important points that you want CEO to understand about this entire decision-making process?
Which type of firewall : What type of firewall would you use to protect your organizations perimeter? Which type of firewall is better suited to protect against spoof attacks?
Explain problem oriented policing and the sara model : Explain problem oriented policing and the SARA model. To what extend is this the same or different from community policing
Discuss the selected economic ideas : MCD2020 Microeconomics - Explain and further discuss the selected economic ideas. In your explanation, you need to show understanding of the economic ideas
The gender significantly organizes elements of social life : Identify at least two ways that gender significantly organizes elements of social life. Then, explain how these could contribute to the likelihood of criminal
What were the most compelling topics learned in the course : What were the most compelling topics learned in this course? What approaches could have yielded additional valuable information?
Discuss the three classifications of juvenile delinquency : Identify and discuss the three classifications of juvenile delinquency prevention and intervention programs. Give an example of each classification
Marketing and the health care system : Outline a strategy for the health care provider you selected to determine the utilization of its products or services.

Reviews

len1594330

8/8/2017 7:44:25 AM

Further Discuss Poor Fair Good Excellent (4 marks max.) further by Brief answer, but Fairly well Sufficiently Comprehensive making the does not show written, but detailed answer, answer, connection much lacking in details supported by supported by between the understanding with somewhat well-labelled relevant and fully concepts/ideas in unclear diagram(s) labelled the article, and diagram(s) diagram(s) support your discussion with relevant diagram(s).

len1594330

8/8/2017 7:44:18 AM

1 mark 2 marks 3 marks 4 marks Identify (2 marks max.) Fair Vague identification Good Clear identification Explain (4 marks max.) to showing understanding of learning objectives Poor Brief presentation, but does not show much understanding Fair Fairly well presented, but lacking in details Good Sufficiently detailed presentation, with some reference to article content Excellent Comprehensive presentation of answer, with references to article content, integrated into explanation

len1594330

8/8/2017 7:43:56 AM

Applications for extension of time – All applications for an extension of the time allocated to an assessment task must be made in writing to the Team Leader (see special consideration for within trimester assessment on Moodle). Approval, if granted, will be communicated in writing.

len1594330

8/8/2017 7:43:50 AM

It must be submitted typed, one-sided, and double spaced on white A4 paper. Work submitted for assessment must be accompanied by a completed copy of the Cover Sheet (available on Moodle). No assignment will be accepted or marked if it is not accompanied by a signed Cover Sheet with your name, I.D. number, the tutorial day/time, and the name of the tutor on the Cover Sheet. An electronic copy will not be accepted. You should retain a copy of the work submitted. Faculty Style Guide – Work submitted for this assignment must follow the Faculty Style as outlined in the Faculty Q Manual. Copies of this manual can be obtained at the bookshop or online.

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd