BM533: Contemporary Business Economics -Economic Assignment Help

Assignment task

TASK 1.

FamilyDollar Groceries is currently experiencing fluctuation in its daily sales and looking for the best solution to deal with this problem. Joe Dobb, one of the newly recruited sales managers of FamilyDollar Groceries does not understand anything about the microeconomics concept of Demand and Supply analysis and has approached YOU (L5 business economic student) for some explanation and how to analyse Familymart’s Demand and Supply.

Critically analyse the following microeconomics concepts to Joe Dobb with reference to FamilyDollar Groceries business.

1.1 Explain the law of Demand, movement along the same demand curve (with the aid of table and diagram) and changes in demand curve with influencing factors (with the aid of diagram).

1.2 Explain the law of Supply, movement along the same supply curve (with the aid of table and diagram) and changes in supply curve with influencing factors (with the aid of diagram).

TASK 2

Select two (2) emerging theories or models of 21st century contemporary economics of your choice and two 20th century theories or models of your choice.

You are to compare and contrast and relate both to modern business practices.

• General coherence of the assignment, introduction, presentation, conclusion and referencing.

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