UNL1004 Assessment Answers UK

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Are you the one who wants to start your own business and be the most famous entrepreneur? In this journey, you will have to first understand UNL1004 economics for the business course. It will give you the foundation of economics in business and how it functions. You can also ask for UNL1004 Assessment Answers help in case you get stuck and require guidance.

This course gives students a fundamental grasp of the economic forces in business. It provides an overview of the consumer and corporate behaviour in competitive markets, the influence of government policies and market structures on market outcomes, and other key economic ideas utilised in business analysis and decision-making.

It also introduces students to the issue of aggregate economic fluctuations, inflation, and the structure of international economic interactions. Economics for Company also provides students with the analytical skills necessary to investigate the influence of these economic factors on business circumstances and to convey the findings of their study in writing.

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What are the Learning Outcomes of this Course?

Our UNL1004 dissertation help experts say that the course will provide you ground information on what is the importance of economics and how it impacts the Company. To give you more information on this, our experts have added here the learning outcomes of this course; take a look into it -

• Explain the fundamental concepts of market competition and market failures, as well as the features of various market structures and the major elements influencing the macroeconomic environment in which consumers and firms operate.
• Assess and forecast the impact of government policies and other economic forces on consumer and business behaviour, market outcomes, and the macroeconomic environment.
• Analyse and analyse economic comments in the media
• Write an economic analysis and provide it in writing form

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Contribution to the Development of Graduate Attributes

The curriculum contributes to the learning goals of the Bachelor of Business and Bachelor of Economics by providing students with an awareness of the economic effects on business. Economics for Corporate provides an introduction to consumer and business behaviour in a variety of market arrangements. It teaches students the fundamental economic ideas that are employed in business analysis and decision-making. It allows students to have an understanding of the broad economic circumstances in which businesses function.

This topic helps to build the following graduate qualities in the Bachelor of Business and Bachelor of Economics programmes.

• Intellectual rigour and problem-solving creativity
• Collaboration and communication

In addition, this course contributes to the following graduation characteristic in the Bachelor of Economics:

• Cultural awareness and social responsibility

This course also explicitly contributes to the introduction of the following Program Learning Objectives (PLOs) for the Bachelor of Business:

• To address business challenges, use evidence, innovation, and critical thinking
• Communicate information clearly and in an acceptable format for its intended audience

Course Teaching and Learning Strategies

The topic is taught using a combination of face-to-face and online learning methods. Lectures, tutorials, practise exercises such as online problem sets, as well as readings and media viewing in preparation for in-class and online activities, are examples of these.

Key economic ideas and real-world applications are presented in lectures. Tutorials allow students to debate challenges and real-world case studies relevant to the lecture subject. In order to fully engage in the conversation, students are encouraged to read and attempt the problems prior to attending each tutorial. Online practice (non-assessed) problem sets are distributed on a regular basis to offer students feedback on their comprehension of the subject content. A subject discussion board moderated by teaching staff involves meeting with their peers and teaching staff about a variety of topics.

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Study Materials For Completing the Course Profoundly

• Ricketts, Martin. The economics of business enterprise: an introduction to economic organisation and the theory of the firm. Edward Elgar Publishing, 2002.
• Mittelhammer, Ron C., and Ron C. Mittelhammer. Mathematical statistics for economics and business. Vol. 78. New York: Springer, 1996.
• Baye, Jeffrey T. Prince, Michael R., and Jeffrey T. Prince. Managerial Economics & Business. McGraw-Hill, 2016.
• Brakman, Steven, Harry Garretsen, Charles Van Marrewijk, and Arjen Van Witteloostuijn. Nations and firms in the global economy: an introduction to international economics and business. Cambridge university press, 2006.
• Rumelt, Richard P., Dan Schendel, and David J. Teece. "Strategic management and economics." Strategic management journal 12, no. S2 (1991): 5-29.
• Galende, Jesús. "Analysis of technological innovation from business economics and management." Technovation 26, no. 3 (2006): 300-311.
• Kvint, V., 2010. The global emerging market: Strategic management and economics. Routledge.

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