Essay UMED8D-15-1: Economic Principles in a Contemporary Context – Management Assignment Help

Assignment Task:

Task:

Applying economic theory and secondary data to understand the market for copper
The aim of this assignment is to explore your understanding of demand and supply and to provide the opportunity to apply theory. We want you to try and demonstrate and explore understanding of the determinant factors of demand and supply for copper and how these factors might cause movements in the price of copper. We shall also be looking for you to develop your writing, critiquing, presentation and referencing skills.
This is an individual coursework and essay format.
 

Task/question
Apply the ideas and concepts of demand and supply to answer the following question: Using demand and supply theory (including diagrams) and supportive evidence, examine the demand
and supply forces which determine the price of copper and underlying factors that influence these.

Marking Criteria
You will be assessed on the following criteria:

1. Showed evidence of understanding supply and demand models, using diagrams and schematic representations as appropriate (30%)
2. Demonstrated the ability to apply this framework to explain movements in the price of copper (30%)
3. Supported the analysis with the appropriate literature, data and statistics (20%);
4. Demonstrated reflective use of relevant literature and correct citation (10%);
5. Written clearly and concisely and not exceeded the word limit 1500 words (10%)