Micro and macroeconomic concept of scarcity

Learning Outcomes:

Upon completing this assignment, students should be able to:


  • demonstrate understanding the concept of micro and macroeconomic concept of scarcity.
  • apply analysis to explain the forces driving demand and supply and their impact on market conditions;
  • researching and gathering suitable economic data/information related to the structure of business from a range of source;
  • develop communication, collaboration, decision making and solving problem skills and teamwork.


Learning Opportunities: Co-ordination and teamwork. Research skills and critical evaluation of data and information. Ability to prioritise and utilise information and data. Report writing, editing and review.


Modules Involved:                                                                          Module Marks Weightage

PECON. I.I              Basics of Economics                                                      10%



Submission Method: Typed report and presentation (hard and soft copy). Assignments will be uploaded via Turnitin, any assignment found to be plagiarised will not be corrected.


Referencing and Bibliography: Assignment must include in-text citations and bibliography.


Ethics and Academic Integrity: All work must conform to the expected levels of ethics and academic integrity as confirmed in class and the student handbook. Failure to do so may result in a 0 mark. Your report should not be unfairly prejudiced for or against someone or something.

Word Count: 700 words




Teacher: Dr. Adela


















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