Reference no: EM133050842 , Length: word count:2500
MOD3327 Economics for Business - Anglia Ruskin University
Learning objective 1: Knowledge, understanding, and fluency with module content on selected economics topic for presentation, linked to relevant module lectures and Krugman & Wells (2020) textbook chapter
Learning objective 2: Knowledge and understanding of the basic methodology and models used in economics and their application to real-world situations.
Learning objective 3: Intellectual, practical, effective and transferable skills, which is achieved through demonstrating the ability to analyse hypothetical and/or real-world situations that occur in economics.
ASSESSMENT QUESTION: Production decisions in UK manufacturing between 2010 to 2019
Task 1: Answer the following question
"When and why do inputs and costs impact the production decisions related to the supply of goods and services? Explain these economic concepts using examples from within the UK economy between 2010 and 2019"
Task 2: Answer the following question
"Define and explain how perfect competition or a highly competitive markets impact the supply of goods and services? Explain these economic concepts applied to a specific highly competitive UK-based industry between 2010 and 2019"
Attachment:- Economics for Business.rar