Key concepts of economics

This assignment is designed to assess level of achievement in the following course objectives:

1. demonstrate understanding of key concepts of economics;
2. identify and interpret patterns evident in economic data presented in graphs and tables;
3. explain and apply key economic concepts to business and economic decision making;
4. evaluate selected instruments of microeconomic policy;
5. explain major problems faced by economic and business managers in the 21st Century; and
6. demonstrate academic research and writing, and critical analysis and thinking skills. Please note the following points in relation to your answer

Sample Solution