ECON1020: Prices and Markets - Report Writing Economics Assignment Help

Assignment Task:

Assessment Task 1 

This is a multiple choice quiz worth 10 marks. It is based on all the material from weeks 1-3 (lectures and tutorials). You must access and complete it on Canvas. The quiz will consist of 10 questions and you have 60 minutes to complete it. All questions are equally weighted. There is no negative marking (where a wrong answer loses you marks). You will get one attempt at this quiz. You will not be able to to go back to a previous question once you submitted your answer to it. The quiz needs to be competed between 10 and 14 August 2020. The weekly tutorial quizzes provide some guidance as to what the assessment task 1 will look like in terms of format and type of questions. 

Sample Quiz 

1. Based on the table below, using the midpoint formula, what is the income elasticity of demand for good X? 

2. Which of the following statements is not correct, based on the figure below? When the price is $16, quantity supplied exceeds quantity demanded by 12 units. 

3. Which of the following phrases best captures the notion of efficiency? 

4. Suppose Jim and Tom can both produce baseball bats. If Jim’s opportunity cost of producing baseball bats is lower than Tom’s opportunity cost of producing baseball bats, then Jim has a comparative advantage in the production of baseball bats. 

5. The cross-price elasticity of demand between Kit Kat and Mars is negative. Based on this information alone, we can conclude the two products are substitutes 

6. Economics is primarily the study of the mental functions and behaviour of individuals and groups 

7. Which of the following statements correctly highlights the difference between microeconomics and macroeconomics? 

Assessment Task 2 (40 marks) 

Using the models and theories of either (1) the market or (2) market failure, perform a microeconomic analysis of one appropriate economic issue or phenomenon of your choice. Clearly explain your chosen question, method and conclusions. 

Assessment Task 3 (50 marks) 

Using the models and theories of either (1) market structure, conduct and performance, (2) game theory or (3) the boundary of the firm, perform a microeconomic analysis of one appropriate economic issue or phenomenon of your choice. Clearly explain your chosen question, method and conclusions. Comment on the link between market structure and performance for your chosen issue. 

Assessments tasks 2 and 3 share the same format. Each has limit of 1500 words to be submitted on Canvas by 25 September (assessment task 2) and 23 October 2020 (assessment task 3) respectively. Your submissions should be word processed and contain word count and bibliography. Every percentage point of word count over the limit (not counting bibliography) will result in a percentage point reduction in the assignment mark until it reaches zero. Your submission will receive an automatic Turnitin similarity score that should not exceed 25%. You should check this score using the tool Canvas before submitting. Exceeding this limit raises the risk of your submission being subject to an academic integrity process. As per University regulations late assignments receive a 10% penalty per day until the mark reaches zero. Marks will be given according to the rubrics on Canvas. 

This ECON1020: Economics Assignment has been solved by our Economics Experts at onlineassignmentbank. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.

Be it a used or new solution, the quality of the work submitted by our assignment experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.