Business Economics and Its Concepts Assignment

Design anddevelop a plan to assess student skills in economicanalysis. It also seeks to build critical thinking and writing skills.

Assignment Steps

Step 1. Summarise

In your own words summarise the key points of the article.

Step 2. Present

i. Provide a quotation of one learning objective from the list of Learning objectives at the beginning of Chapter 4 of the Text book, which you will use in analysing the Article

ii. Select two to three sentences from the Article that can be linked to the economic concepts contained in the above learning objective and paraphrase them.

Step 3 - Explain

Explain in your own words economic concepts contained in the learning objective you identified in the Present section (Step 2) of this assignment. Use a diagram or diagrams to illustrate your explanation.

Step 4 - Apply

Discuss the links between the contents of the Article and the economic conceptsexplained in Step 3 above to show how those economic concepts are applicable to thegiven situation. You must use specific examples from the Article and explain howthey are linked to the economic concepts discussed above.

Step 5 - Reflect

In this section you will present your own thinking, observations or comments on one ofthe broader economic issues that are relevant to the situation discussed in the Article. For

child labour

political instability in poor countries

inter-generational use of critical natural resources

environmental costs and benefits of electric cars, or

blockchain technology shaping global futurewhich are some of the broader economic issues implicit in the Article. You can use someresearch to form your opinion on one of the above or similar economic issue related to theanalysis.