For the final part of your coursework you are required to write a report on the
following topics related to microeconomics;
A clear explanation of the difference between renewable resources and non renewable resources (10 marks)
A clear explanation of joint demand and joint supply (10 marks)
A clear explanation of the difference between income effect and substitution effect of a change in the price of a good (10 marks)
A clear explanation of the difference between positive externalities and negative externalities (10 marks)
A clear explanation of the difference between perfect competition and monopolistic competition. (10 marks)
(You must always use clear examples and diagrams to explain and illustrate your answer and points)
The number of words requirement of the report is 1200 – 1500
Clear sections and paragraphs must be used in each topic. Information used from other sources need to be clearly referenced in your report
to the original sources.
You must provide a list of reference or a bibliography in the report as evidence of your research.
Important:
Additional 10 marks will be awarded for the introduction, structure, organisation and content of the report.