Explain and apply the core principles of demand and supply theory to make a range of…

Explain and apply the core principles of demand and supply theory to make a range of

market related decisions and analyse the significant differences in business applications.

Critically evaluate market competition and market failures and the main factors shaping the

decisions of consumers and businesses.

Compare and contrast the different market structures and their application on pricing of

products and services

D

Evaluate the appropriate economic tools used in developing models of the economy and

economic policy

E

Compare and contrast the different economic models used to explain fluctuations in foreign

currencies

F

Interpret and critically evaluate economic commentary in the media and to communicate

economic analysis in writing with greater effectiveness

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