BMP4003 : Business Environment Understanding of Microeconomic Concepts - Management Assignment Help

Assignment Task:

Task:

Learning Outcomes:
LO1: Describe and illustrate basic understanding of microeconomic concepts and their impact upon business activities.
LO2: Describe and discuss economic data tables and basic economic models, and draw conclusions.

Assignment Brief:
Trampoline prices 'to soar 50% on shipping costs
The following is an extract from the BBC’s Business Webpage. It highlights the recent issues relating to high transport costs and port congestions. https://www.bbc.co.uk/news/business-55702243 [Accessed 27/01/2021]
This case highlights the issues caused by Brexit as well the long terms consequences for the shipping industry.
Assessment Details
You will be ‘contracted’ to a group of 4 students and working in the group you are required to prepare a presentation. The presentation task is to review the above article on the BBC webpage and to expand on the aspects of microeconomic theory which underpin the discussion. The following points should be focused upon in delivering your presentation.

- Explain the main argument(s) of the article using microeconomic concepts/terms
- Refer to theory and apply it to main the issues – you should choose to focus on two of the following
 Demand and Supply
 Market Structures
 Economic Profit and Business Organisation
 Costs and Production
 Elasticity
- Provide explanations of examples in the article

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