Reference no: EM132835792

ECON1006 Introduction to Economics for Business - University of Greenwich

Learning Outcome 1: Explore, describe and explain the reasons for a sector's development in a specific country and globally.

Learning Outcome 2: Understand the economic structures of national economies and the components of national income and expenditure.

Learning Outcome 3: Understand the nature of the factor markets and goods markets through supply and demand models and be able to critically discuss profit maximisation theories.

Learning Outcome 4: Interpret economic data relevant to business and understand the basis on which such data is compiled.

Learning Outcome 5: Undertake simple mathematical calculations of use in understanding economic models and data.

Learning Outcome 6: Understand the role and limitations of economic theory in analysing a range of policy issues of relevance to modern business.

Learning Outcome 7: Write clear essays and other forms of coursework that are substantiated by reference to readings, models, data and changing interpretations.

Learning Outcome 8: Discuss current issues in the light of data, models, an interpretations.

Learning Outcome 9: Demonstrate the ability to relate learning in class to current real world economic developments and events.

Assessment Details

Portfolio- 1: Book review

See the table ‘Assessment Dates' above after section 5.1 for the submission date of the book review

You are asked to write a review of: Luttinger, N. & Dicum, G. (2006) The Coffee Book New Press (2nd ed.)

This book is available as an e-book in the library and there are also many paperback copies available for you to borrow. You should start reading it now

In the course of the review you should make sure you answer the following questions:
a) How did the current global pattern of coffee production develop? (rough guide - 300 words)

b) What different kinds of market structure do we see as coffee makes it way from ‘crop to the last drop'? (rough guide 500 words)

c) Who do you think your ‘coffee dollars' should go to? State why and then, using what you know about different market structures, suggest how that could be achieved. (rough guide - 200 words)

 Portfolio- Essays

You must write a total of 1,500 words (+/-10%) in the essay.

See the table ‘Assessment Dates' above after section 5.1 for the submission date of the essay

• The title of the essay is: "Explain the rationale for austerity programmes to reduce sovereign debt and discuss how far these have been successful in Greece and the UK."
• A central part of the essay is reading the two articles below and discussing the debate between the authors:
o Reinhart, C. and Rogoff, K. (2010) Growth in a Time of Debt NBER Working Paper
o Herndon, T., Ash, M. and Pollin, R. (2013)‘Does High Public Debt Consistently Stifle Economic Growth? A Critique of Reinhart and Rogoff' Political Economy Research

Institute working paper 322.

Harvard referencing style

Attachment:- Economics for Business.rar