Economic analysis and models to real-world issues

Assignment Help Other Subject

Reference no: EM133293411 , Length: word count:1200

Economic Environment of Business

Learning Outcome 1: Apply economic analysis and models to real-world issues affecting businesses and other sectors of the economy;
Learning Outcome 2: Evaluate the potential impact of the macroeconomic environment on business decisions, outcomes and vice versa;
Learning Outcome 3: Evaluate the potential impact of different market structures on business decisions and outcomes;
Learning Outcome 4: Communicate economic ideas, principles, and arguments in a clear, precise and applied manner.

Task Details/Description:
Write short briefing notes on TWO of the following concepts explaining each concept with reference to their real-world significance. They should be written as if addressing a young entrepreneur who is starting up their first business, but who has no formal training or background in economics. As a young businessperson, they are particularly interested in the real-world significance of these concepts to businesspeople. Alternatively, they can be addressed to the general public where, again, you are demonstrating their real-world significance and important.
a) The rate of inflation
b) The volatility of economies
c) Elasticity (of a variable to a change in a determinant)
d) The distinction between nominal and real values
e) A change in supply

Presentation Requirements:
The individual coursework is to test your ability to explain fundamental economic concepts in a clear, concise, and applied manner. This recognises the importance of application and communication in evidencing subject knowledge.

You are required to produce TWO briefing notes of up to 600 words each and therefore up to 1,200 words across the two briefing notes.
These should explain what the concepts are by bringing out their real-world significance. The briefing notes need be concise, precise, and engaging and must evidence not only what the concepts are but also why they are relevant.

Reference no: EM133293411

Questions Cloud

Protect american national security : The US government imposed a series of tariffs on trading partners on the grounds that they were necessary to protect American national security.

Develop strategic proposals for significant change : Develop strategic proposals for a significant change to a major element of the current strategy in order to deal with potentially

Does social media affect corporate decisions : Does social media affect corporate decisions with regards to operations, profitability, and future global structure?

What is an integrated health network : What is an integrated health network and an integrated health system? What is the difference between licensure and accreditation?

Economic analysis and models to real-world issues : BSM940 Economic Environment of Business, Aston University explain fundamental economic concepts in a clear, concise, and applied manner

Registered retirement savings plan : The maximum amount an individual can contribute to her Registered Retirement Savings Plan (RRSP) for a year is set from time to time by the Regulations

How would ensure acceptance of a new administrative : How would you effectively manage the process of vetting and acquiring a new system? How would you ensure acceptance of a new administrative.

Change in clinical care or systems of service delivery : Think about a familiar clinical practice area where interest groups are attempting to bring about a change in clinical care or systems of service delivery.

How would you manage the conflicts of interest : How would you manage the conflicts of interest that arise when providers and consumers try to influence a vote on allocations to meet their own needs?

User Account

All Pages