Question
Use real world examples from 2021-2022 to explain the determination of market prices, and analyse the impact of changing market conditions on the price and
Use real world examples from 2021-2022 to explain the determination of market prices, and analyse the impact of changing market conditions on the price and quantity of goods or services traded. The real world examples will be sourced from newspapers or other media AND will be specific for a city, country or global.
Intended Learning Outcomes: 1. Represent and explain fundamental economics concepts using text, diagrams, equations and other media 2. Explain how prices are determined and predict the effects of changes in market conditions on prices and quantities of goods and services. 3. Critically analyse in writing the impacts of government policy and/or external shocks on markets, using a range of scholarly and news media sources
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