Explain various micro and macro economic concepts

Assignment Help Macroeconomics

Reference no: EM133712639 , Length: word count:2000

Economics - Higher Diploma in Business Management

Learning Outcome 1: Differentiate micro and macro economics and identify various micro and macro economic concepts.

Learning Outcome 2: Demonstrate the knowledge of the supply, demand and market equilibrium

Learning Outcome 3: Analyse economic inputs and outputs and its impacts

Learning Outcome 4: Evaluate national and global economic indicators and its impact

ASSIGNMENT BRIEF

CASE/ SCENARIO
You are employed as a Business Development Executive with Whizz Pte Ltd, which provides software solutions and hardware equipment to customers in both "business-to-business" segments and "business-to-customer" segments.

You have been assigned by your Director to undertake research for a new project launch and require you to analyse and evaluate the current economic conditions relating to new product launch in Singapore. Upon completion of the project, you are to prepare and submit a report that covers the following areas.

The report must be 2000 words-length, and follow the guidelines stipulated above.

TASKS

Question 1. Identify and explain various micro and macro economic concepts related to the Information Technology. Discuss the relevant frameworks used to measure the outcomes.

Question 2. Considering the industry and the economic conditions in Singapore, critically discuss the concepts of supply, demand and market equilibrium.

Question 3. Analyse how the circular flow of income operates referring to the injections, withdrawals and physical & monetary flows.

Question 4. Considering the current economic situation globally and in Singapore, critically evaluate FOUR economic indicators and their impact on the Singapore economy.

Reference no: EM133712639

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