Article Review – Economic Concepts and Models
https://www.bbc.co.uk/news/business-55702243 [Accessed 27/01/2021]
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 micro-economic 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 micro economic 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 Organization
- Costs and Production
- Elasticity
