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MOD3327 Economics for Business (EFB)
Coursework assessment report
This excludes bibliography and other items listed in rule 6.83 of the Academic Regulations: http://web.anglia.ac.uk/anet/academic/public/academic_regs.pdf
1 – 3
Please refer to the deadline on the VLE
WRITING YOUR ASSIGNMENT:
In order to achieve full marks, you must submit your work before the deadline. Work that is submitted late – up to five working days after the published submission deadline - will be accepted and marked. However, the element of the module’s assessment to which the work contributes will be capped with a maximum mark of 40%.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
Work cannot be submitted if the period of 5 working days after the deadline has passed (unless there is an approved extension). Failure to submit within the relevant period will mean that you have failed the assessment.
Requests for short-term extensions will only be considered in the case of illness or other cause considered valid by the Director of Studies Team. Please contact DoS@london.aru.ac.uk. A request must normally be received and agreed by the Director of Studies Team in writing at least 24 hours prior to the deadline. See rules 6.64-6.73: http://web.anglia.ac.uk/anet/academic/public/academic_regs.pdf
Mitigation: The deadline for submission of mitigation in relation to this assignment is no later than five working days after the submission date of this work. Please contact the Director of Studies Team - DoS@london.aru.ac.uk.
See rules 6.112 – 6.141: http://web.anglia.ac.uk/anet/academic/public/academic_regs.pdf
Task 1: 45/100 marks: 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”
“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”
ASSESSMENT CRITERIA: MOD3327 Economics for Business (EFB)
For both Task 1 and Task 2 - Students must demonstrate the following assessed learning outcomes:
Knowledge, understanding, and fluency with module content on selected economics topic for presentation, linked to relevant module lectures and Krugman & Wells (2020) textbook chapter
Knowledge and understanding of the basic methodology and models used in economics and their application to real-world situations.
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.
References & formatting guidance:
(Do NOT use any external sources that are not on this list or you will risk the loss of significant marks. These sources provide more than sufficient information to complete the assessment):
*Krugman and Wells. 2020. Essentials of Economics. New York: Worth Publishers. Pages 355-451.
*Young, M. 2021 Lecture 6: Supply curve, inputs, and costs. MOD3327 Economics for Business. Anglia Ruskin University of London.
*Young, M. 2021 Lecture 7: Perfect competition and market efficiency. MOD3327 Economics for Business. Anglia Ruskin University of London.
ARUL Digital Library sources available online (you must include ARUL website URL for any ARUL Digital Library sources used in references)
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
UK news sources: BBC News, Financial Times newspaper, London Evening Standard, The Economist, The Guardian newspaper, The Independent, The Telegraph
UK Office of National Statistics (ONS)
UK Government websites ending in “gov.uk” or “parliament.uk”
Any data sources used outside of the above will be subject to investigation for plagiarism, contract cheating, resulting in loss of marks and possible failure of the assessment and possible failure of the module. MOD3327 Economics for Business (EFB)
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