SOLUTION: analysis are fundamental to any business | My Assignment Tutor

Assignment BriefAcademic Year 2020-211 Assignment taskTASK 1 – 60% (1500 words)Demand and Supply analysis are fundamental to any business thus every business mustunderstand its impact and dynamics. Demand and Supply analysis therefore underlines to someextent the growth and success of most businesses in our society today.Critically analysed the following microeconomics concepts with reference to any business of yourchoice.1.1 Explain the law of Demand, movement along the same demand curve (with the aid of diagram) andchanges in demand curve (with the aid of diagram). 30 marks1.2 Explain the law of Supply, movement along the same supply curve (with the aid of diagram) andchanges in supply curve (with the aid of diagram). 30 marksTASK 2 – 40% (1000 words)Compare and contrast emerging theories and models in 21st century contemporary economics with thoseof the 20th century, and relate both of these to modern business practices. 30 marks General coherence of the assignment, introduction, presentation, conclusion andreferencing. 10 marks Module codeand title:BM533: Contemporary BusinessEconomicsModule leader:Khadija RaufAssignmentNo. and type:Coursework – CWAssessmentweighting:100%Submissiontime and date:2.00 pm, 10th June 2021Target feedbacktime and date:3 weeks after submissiondeadline 2 TOTAL MARKS: 100Assessment Criteria:Task 1.1: 30%Task 1.2: 30%Task 2.0: 30%Structure ……………………………… 10 marksTotal…………………………………….. 100 marksThis assignment has been designed to provide you with an opportunity to demonstrate yourachievement of the following module learning outcomes:LO 1Critically evaluate the alternative theories of economics and their implications for business,including traditional economic approaches and also more contemporary approaches relating tobehavioural economics.LO 2Critically assess concepts and principles underlining business activity.LO 3Apply the appropriate models and techniques for analysing the environment within which businessorganisations operate.Task requirements• Written work must be word-processed and should state the number of total words used at the end.• All work to be submitted as Arial 12 font with 1.5-line spacing.• All writing should be in the third person passive. 3 • All work should be correctly referenced• No collaboration is allowed.Referencing and research requirementsPlease reference your work according to the Harvard style as defined in Cite Them Right Online(http://www.citethemrightonline.com). This information is also available in book form: Pears, R. andShields, G. (2019) Cite them right: the essential reference guide. 11th edn. Basingstoke: PalgraveMacmillan. Copies are available via the University library.How your work will be assessedYour work will be assessed on the extent to which it demonstrates your achievement of the stated learningoutcomes for this assignment (see above) and against other key criteria as defined by your programmeteam.See marking criteria grid provided below for how each element/task of the assessment will be marked andthe corresponding weighting of marks for each element/task required. CriteriaWeighting70%60-69%50-59%40-49%FailKnowledgeandunderstandingTask 160%intotal30%30%Excellentdemonstrationwhich shows aclear and criticalunderstanding ofThe Law ofDemand, changesin demand curveand the factorsrelating to it.Excellent use ofdiagram toillustrate thisExcellentdemonstrationwhich shows aclear and criticalVery effectivedemonstrationwhich shows avery good withsome criticalunderstanding ofThe Law ofDemand,changes indemand curveand the factorsrelating to it.Very good useof diagram toillustrate thisVery gooddemonstrationwhich shows aGood attemptat showing anunderstandingof The Law ofDemand,changes indemand curveand the factorsrelating to it.But lacks anyattempt atdemonstrationof criticalanalysis.Good, if basicuse of diagramto illustrate thisGood attemptat showing anSome limitedattempt atshowing anunderstandingof The Law ofDemand,changes indemand curvewith very littleabout thefactors relatingto it. Noattempt atdemonstrationof criticalanalysis .Verybasic use ofdiagram toillustrate thisSome limitedattempt atshowing anNo attempt toshowunderstanding ofLaw of Demand,or changes indemand curve.Poor or nodiagram tosupport the workNo attempt toshowunderstanding of 4 Task 240% intotal10%understanding ofThe Law of Supplychanges indemand curve andthe factors relatingto itExcellent use ofdiagram toillustrate thisExcellent displayof knowledge ofhow differentmacro-economicmodels havedeveloped overtime and theirrelationship tobusiness andmanagement.very good andsome criticalunderstandingof The Law ofSupply changesin demand curveand the factorsrelating to itExcellent use ofdiagram toillustrate thisVery gooddisplay ofknowledge ofhow differentmacro-economicmodels havedeveloped overtime and theirrelationship tobusiness andmanagementunderstandingof The Law ofSupply,changes indemand curveand the factorsrelating to it.But lacks anyattempt atdemonstrationof criticalanalysis.Good, if basicuse of diagramto illustrate thisGood attemptat someknowledge ofhow differentmacroeconomicmodels havedevelopedover time andtheirrelationship tobusiness andmanagementunderstandingof The Law ofSupplychanges indemand curvewith very littleabout thefactors relatingto it. Noattempt atdemonstrationof criticalanalysis .Verybasic use ofdiagram toillustrate thisVery limiteddisplay ofknowledge ofhow differentmacroeconomicmodels havedevelopedover time.Weak attemptat showingtheirrelationship tobusiness andmanagementLaw of Demand,or changes indemand curve.Poor or nodiagram tosupport the workNo attempt toshow knowledgeor understandingof differentmacro-economicmodels or howhave developedover time. Noattempt atshowing theirrelationship tobusiness andmanagementAnalysisTask 215%Detailed andperceptiveanalysis of currentissues anddebates inmacroeconomics,including withinthis an excellentunderstanding ofwhat behaviouraleconomics is.Very goodanalysis ofcurrent issuesand debates inmacroeconomics, includingwithin this a verygoodunderstanding ofwhatbehaviouraleconomics is.Gooddescription ofcurrent issuesand debates inmacroeconomics, includingwithin this avery gooddescription ofwhatbehaviouraleconomics is.Weakdescription ofsome currentissues anddebates inmacroeconomics and ofbehaviouraleconomicsNo attempt at adescription ofsome currentissues anddebates inmacroeconomics and ofbehaviouraleconomicsEvaluationTask 215%Thorough criticalapplication of theissues raised bydebates on currentmacro-economictheory to the givencase studyClear attempt atcriticalapplication of theissues raised bydebates oncurrent macroeconomic theoryto the given casestudyVery limitedattempt atapplication ofsome issuesraised bycurrentdebates onmacroeconomictheorySomedescription ofsome issuesraised bycurrentdebates onmacroeconomictheoryNo attempt atdescribingcurrent debatesor issuessurroundingmacro-economictheory 5 Submission details1. This assignment must be submitted electronically by 2pm on the submission date2. To submit electronically you must upload your work to the e-submission area within the VLE moduleconcerned. Click Submit> Browse (find the correct file to upload) Upload> Submit3. You can resubmit your work as many times as you like until the deadline. If you choose to resubmit, yourearlier submission will be replaced, and you will NOT receive an Originality Report until 24 hours from whenthe submission was made.4. You will receive a digital receipt as proof of submission. This will be sent to your Bucks e-mail address;please keep this for reference. (make sure you have e mail forwarding http://bucks.ac.uk/forward so thatyou receive this e mail proof)5. You are reminded of the University’s regulations on cheating and plagiarism. In submitting your assignment,you are acknowledging that you have read and understood these regulations.6. You are reminded that it is your responsibility to keep an electronic copy of your assignment for futurereference. You are reminded of the University’s regulations on academic misconduct, which can be viewed onthe University website: https://bucks.ac.uk/__data/assets/pdf_file/0024/9546/Academic-MisconductPolicy.pdf. In submitting your assignment, you are acknowledging that you have read andunderstood these regulations Please also note that work that is submitted up to 10 working days beyond the submission date willbe considered a late submission. Late submissions will be marked and the actual mark recorded,but will be capped at the pass mark (typically 40%), provided that the work is of a passing standard.Work submitted after this period will not be marked and will be treated as a non-submission. Before you submit Please use the provided checklist below to make sure you are ‘fit to submit’ your work We recommend you use this checklist as soon as you get this assignment brief to help you planyour work1. Read through the assignment brief carefully taking note of key words.2. Produce both a cover page and a contents list. Ensure pages are numbered.3. Produce good paragraphs of Introduction and Conclusion.4. Use short sentences, avoiding jargon and verbosity.5. All research material should be referenced to their sources as failure to do so implies plagiarism.6. DO NOT COPY material from another student, as BOTH assignments will be disqualified.7. Do not exceed the number of words allowed.8. Upload assignment onto Turnitin no later than the deadline 6 Fit to Submit: Assignment ChecklistThis brief assignment checklist is designed to help you avoid some of the most common mistakes studentsmake in their coursework.HAVE YOU READ THE ASSIGNMENT BRIEF?IF NOT, DO IT NOW!In it you will find details of the assessment task, word count, the assessment criteria your work is marked against,and the learning outcomes – the basis for the assessment strategy in each module.Students often lose marks by forgetting some of the more straightforward elements of their assignments.We recommend that you “tick off” each of the points below as you prepare your work for submission. Ifyou need any help, ask your tutor and / or visithttps://bucks.ac.uk/students/academicadvice/assessment-and-examinationTICKHave you read and understood the assessment criteria?Have you met the learning outcomes? You will lose marks and your work may evenbe failed if you have not.Have you demonstrated you can think and write critically in the completed work?This means you have supported your arguments/explanations appropriately e.g.using relevant academic sources and you have offered discussion points whichextends your own or others’ viewpoints to make reasoned conclusions/judgements.Have you maintained an academic tone throughout your work? Is your work formal,focused, developed and clear?Have you checked that the referencing in your assignment is in line with yourprogramme requirements?Have you proof-read your work and used spellcheck software to check your spellingand grammar?Have you checked the presentation of your work is as specified by your tutor, forexample, are font size, colour, style, line spacing and margins as the tutor specified?Have you kept to the word count (or equivalent)? If you are not sure, check with yourtutor.Can you confirm that the work submitted is your own and not plagiarised?