a. Demonstrate their understanding of fundamental problem of scarcity facing in an economy. b. Apply the microeconomic concepts of demand and supply, price elasticity, market failure, cost and revenue concepts as well as market structures. c. Apply the macroeconomic concepts such as economic growth, Gross Domestic Product, business cycle, unemployment, inflation, aggregate demand – aggregate supply model and government policies. d. Explain the importance of economic models and key assumptions in economics. e. Apply economic models and assumptions to analyse a given situation and/or media articles on economic issues.

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Assessment Details and Submission GuidelinesSchoolSchool of BusinessCourse NameBachelor of BusinessUnit CodeBB106Unit TitlePrinciples of EconomicsAssessment AuthorWilson OwAssessment TypeGroup Assignment Assessment TitleGroup AssignmentUnit Learning Outcomes covered in this assessmentDemonstrate their understanding of fundamental problem of scarcity facing in an economy. Apply the microeconomic concepts of demand and supply, price elasticity, market failure, cost and revenue concepts as well as market structures. c. Apply the macroeconomic concepts such as economic growth, Gross Domestic Product, business cycle, unemployment, inflation, aggregate demand – aggregate supply model and government policies. d. Explain the importance of economic models and key assumptions in economics. e. Apply economic models and assumptions to analyse a given situation and/or media articles on economic issues.Weight25%Total Marks80Word limit2000Release DateWeek 5Due Date Week 10 Submission GuidelinesAll work must be submitted on Moodle by the due date along with a completed Assignment Cover Page. The assignment must be in MS Word format, 1.5 spacing, 11-pt Calibri (Body) font and 2 cm margins on all four sides of your page with appropriate section headings. Reference sources must be cited in the text of the report, and listed appropriately at the end in a reference list using APA or IEEE referencing style for School of Business and School of Information Technology and Engineering respectively.ExtensionIf an extension of time to submit work is required, a Special Consideration Application must be submitted directly to the School’s Administration Officer, in Melbourne on Level 6 or in Sydney on Level 7. You must submit this application three working days prior to the due date of the assignment. Further information is available at:  HYPERLINK “http://www.mit.edu.au/about” http://www.mit.edu.au/about HYPERLINK…

Apply the microeconomic concepts of demand and supply, price elasticity, market failure, cost and…

a. Demonstrate their understanding of fundamental problem of scarcity facing in an economy. b. Apply the microeconomic concepts of demand and supply, price elasticity, market failure, cost and revenue concepts as well as market structures. c. Apply the macroeconomic concepts such as economic growth, Gross Domestic Product, business cycle, unemployment, inflation, aggregate demand – aggregate supply model and government policies. d. Explain the importance of economic models and key assumptions in economics. e. Apply economic models and assumptions to analyse a given situation and/or media articles on economic issues.

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Assessment Details and Submission GuidelinesSchoolSchool of BusinessCourse NameBachelor of BusinessUnit CodeBB106Unit TitlePrinciples of EconomicsAssessment AuthorWilson OwAssessment TypeGroup Assignment Assessment TitleGroup AssignmentUnit Learning Outcomes covered in this assessmentDemonstrate their understanding of fundamental problem of scarcity facing in an economy. Apply the microeconomic concepts of demand and supply, price elasticity, market failure, cost and revenue concepts as well as market structures. c. Apply the macroeconomic concepts such as economic growth, Gross Domestic Product, business cycle, unemployment, inflation, aggregate demand – aggregate supply model and government policies. d. Explain the importance of economic models and key assumptions in economics. e. Apply economic models and assumptions to analyse a given situation and/or media articles on economic issues.Weight25%Total Marks80Word limit2000Release DateWeek 5Due Date Week 10 Submission GuidelinesAll work must be submitted on Moodle by the due date along with a completed Assignment Cover Page. The assignment must be in MS Word format, 1.5 spacing, 11-pt Calibri (Body) font and 2 cm margins on all four sides of your page with appropriate section headings. Reference sources must be cited in the text of the report, and listed appropriately at the end in a reference list using APA or IEEE referencing style for School of Business and School of Information Technology and Engineering respectively.ExtensionIf an extension of time to submit work is required, a Special Consideration Application must be submitted directly to the School’s Administration Officer, in Melbourne on Level 6 or in Sydney on Level 7. You must submit this application three working days prior to the due date of the assignment. Further information is available at:  HYPERLINK “http://www.mit.edu.au/about” http://www.mit.edu.au/about HYPERLINK…

Apply the microeconomic concepts of demand and supply, price elasticity, market failure, cost and…

a. Demonstrate their understanding of fundamental problem of scarcity facing in an economy. b. Apply the microeconomic concepts of demand and supply, price elasticity, market failure, cost and revenue concepts as well as market structures. c. Apply the macroeconomic concepts such as economic growth, Gross Domestic Product, business cycle, unemployment, inflation, aggregate demand – aggregate supply model and government policies. d. Explain the importance of economic models and key assumptions in economics. e. Apply economic models and assumptions to analyse a given situation and/or media articles on economic issues.

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Assessment Details and Submission GuidelinesSchoolSchool of BusinessCourse NameBachelor of BusinessUnit CodeBB106Unit TitlePrinciples of EconomicsAssessment AuthorWilson OwAssessment TypeGroup Assignment Assessment TitleGroup AssignmentUnit Learning Outcomes covered in this assessmentDemonstrate their understanding of fundamental problem of scarcity facing in an economy. Apply the microeconomic concepts of demand and supply, price elasticity, market failure, cost and revenue concepts as well as market structures. c. Apply the macroeconomic concepts such as economic growth, Gross Domestic Product, business cycle, unemployment, inflation, aggregate demand – aggregate supply model and government policies. d. Explain the importance of economic models and key assumptions in economics. e. Apply economic models and assumptions to analyse a given situation and/or media articles on economic issues.Weight25%Total Marks80Word limit2000Release DateWeek 5Due Date Week 10 Submission GuidelinesAll work must be submitted on Moodle by the due date along with a completed Assignment Cover Page. The assignment must be in MS Word format, 1.5 spacing, 11-pt Calibri (Body) font and 2 cm margins on all four sides of your page with appropriate section headings. Reference sources must be cited in the text of the report, and listed appropriately at the end in a reference list using APA or IEEE referencing style for School of Business and School of Information Technology and Engineering respectively.ExtensionIf an extension of time to submit work is required, a Special Consideration Application must be submitted directly to the School’s Administration Officer, in Melbourne on Level 6 or in Sydney on Level 7. You must submit this application three working days prior to the due date of the assignment. Further information is available at:  HYPERLINK “http://www.mit.edu.au/about” http://www.mit.edu.au/about HYPERLINK…

Apply the microeconomic concepts of demand and supply, price elasticity, market failure, cost and…

a. Demonstrate their understanding of fundamental problem of scarcity facing in an economy. b. Apply the microeconomic concepts of demand and supply, price elasticity, market failure, cost and revenue concepts as well as market structures. c. Apply the macroeconomic concepts such as economic growth, Gross Domestic Product, business cycle, unemployment, inflation, aggregate demand – aggregate supply model and government policies. d. Explain the importance of economic models and key assumptions in economics. e. Apply economic models and assumptions to analyse a given situation and/or media articles on economic issues.

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Assessment Details and Submission GuidelinesSchoolSchool of BusinessCourse NameBachelor of BusinessUnit CodeBB106Unit TitlePrinciples of EconomicsAssessment AuthorWilson OwAssessment TypeGroup Assignment Assessment TitleGroup AssignmentUnit Learning Outcomes covered in this assessmentDemonstrate their understanding of fundamental problem of scarcity facing in an economy. Apply the microeconomic concepts of demand and supply, price elasticity, market failure, cost and revenue concepts as well as market structures. c. Apply the macroeconomic concepts such as economic growth, Gross Domestic Product, business cycle, unemployment, inflation, aggregate demand – aggregate supply model and government policies. d. Explain the importance of economic models and key assumptions in economics. e. Apply economic models and assumptions to analyse a given situation and/or media articles on economic issues.Weight25%Total Marks80Word limit2000Release DateWeek 5Due Date Week 10 Submission GuidelinesAll work must be submitted on Moodle by the due date along with a completed Assignment Cover Page. The assignment must be in MS Word format, 1.5 spacing, 11-pt Calibri (Body) font and 2 cm margins on all four sides of your page with appropriate section headings. Reference sources must be cited in the text of the report, and listed appropriately at the end in a reference list using APA or IEEE referencing style for School of Business and School of Information Technology and Engineering respectively.ExtensionIf an extension of time to submit work is required, a Special Consideration Application must be submitted directly to the School’s Administration Officer, in Melbourne on Level 6 or in Sydney on Level 7. You must submit this application three working days prior to the due date of the assignment. Further information is available at:  HYPERLINK “http://www.mit.edu.au/about” http://www.mit.edu.au/about HYPERLINK…

Apply the microeconomic concepts of demand and supply, price elasticity, market failure, cost and…

a. Demonstrate their understanding of fundamental problem of scarcity facing in an economy. b. Apply the microeconomic concepts of demand and supply, price elasticity, market failure, cost and revenue concepts as well as market structures. c. Apply the macroeconomic concepts such as economic growth, Gross Domestic Product, business cycle, unemployment, inflation, aggregate demand – aggregate supply model and government policies. d. Explain the importance of economic models and key assumptions in economics. e. Apply economic models and assumptions to analyse a given situation and/or media articles on economic issues.

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Assessment Details and Submission GuidelinesSchoolSchool of BusinessCourse NameBachelor of BusinessUnit CodeBB106Unit TitlePrinciples of EconomicsAssessment AuthorWilson OwAssessment TypeGroup Assignment Assessment TitleGroup AssignmentUnit Learning Outcomes covered in this assessmentDemonstrate their understanding of fundamental problem of scarcity facing in an economy. Apply the microeconomic concepts of demand and supply, price elasticity, market failure, cost and revenue concepts as well as market structures. c. Apply the macroeconomic concepts such as economic growth, Gross Domestic Product, business cycle, unemployment, inflation, aggregate demand – aggregate supply model and government policies. d. Explain the importance of economic models and key assumptions in economics. e. Apply economic models and assumptions to analyse a given situation and/or media articles on economic issues.Weight25%Total Marks80Word limit2000Release DateWeek 5Due Date Week 10 Submission GuidelinesAll work must be submitted on Moodle by the due date along with a completed Assignment Cover Page. The assignment must be in MS Word format, 1.5 spacing, 11-pt Calibri (Body) font and 2 cm margins on all four sides of your page with appropriate section headings. Reference sources must be cited in the text of the report, and listed appropriately at the end in a reference list using APA or IEEE referencing style for School of Business and School of Information Technology and Engineering respectively.ExtensionIf an extension of time to submit work is required, a Special Consideration Application must be submitted directly to the School’s Administration Officer, in Melbourne on Level 6 or in Sydney on Level 7. You must submit this application three working days prior to the due date of the assignment. Further information is available at:  HYPERLINK “http://www.mit.edu.au/about” http://www.mit.edu.au/about HYPERLINK…

Apply the microeconomic concepts of demand and supply, price elasticity, market failure, cost and…

a. Demonstrate their understanding of fundamental problem of scarcity facing in an economy. b. Apply the microeconomic concepts of demand and supply, price elasticity, market failure, cost and revenue concepts as well as market structures. c. Apply the macroeconomic concepts such as economic growth, Gross Domestic Product, business cycle, unemployment, inflation, aggregate demand – aggregate supply model and government policies. d. Explain the importance of economic models and key assumptions in economics. e. Apply economic models and assumptions to analyse a given situation and/or media articles on economic issues.

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Assessment Details and Submission GuidelinesSchoolSchool of BusinessCourse NameBachelor of BusinessUnit CodeBB106Unit TitlePrinciples of EconomicsAssessment AuthorWilson OwAssessment TypeGroup Assignment Assessment TitleGroup AssignmentUnit Learning Outcomes covered in this assessmentDemonstrate their understanding of fundamental problem of scarcity facing in an economy. Apply the microeconomic concepts of demand and supply, price elasticity, market failure, cost and revenue concepts as well as market structures. c. Apply the macroeconomic concepts such as economic growth, Gross Domestic Product, business cycle, unemployment, inflation, aggregate demand – aggregate supply model and government policies. d. Explain the importance of economic models and key assumptions in economics. e. Apply economic models and assumptions to analyse a given situation and/or media articles on economic issues.Weight25%Total Marks80Word limit2000Release DateWeek 5Due Date Week 10 Submission GuidelinesAll work must be submitted on Moodle by the due date along with a completed Assignment Cover Page. The assignment must be in MS Word format, 1.5 spacing, 11-pt Calibri (Body) font and 2 cm margins on all four sides of your page with appropriate section headings. Reference sources must be cited in the text of the report, and listed appropriately at the end in a reference list using APA or IEEE referencing style for School of Business and School of Information Technology and Engineering respectively.ExtensionIf an extension of time to submit work is required, a Special Consideration Application must be submitted directly to the School’s Administration Officer, in Melbourne on Level 6 or in Sydney on Level 7. You must submit this application three working days prior to the due date of the assignment. Further information is available at:  HYPERLINK “http://www.mit.edu.au/about” http://www.mit.edu.au/about HYPERLINK…vv