Name of Centre:

Coventry University College

(Level 3 units only)

P

M

D

(e.g. Science)

Tutor/Assessor: Dr Paul Cook

Task 1a: Illustrate in the form of diagrams, the effects, various changes have on demand and supply of a particular good or service and explain briefly your diagrams (A.C. 1.1).

With reference to the assessment criteria, you should prepare your diagrams to show:

· Changes in demand and supply in diagrams due to changes in various factors.

· For diagrams showing changes in demand you could consider factors such as changes in price, income, substitute/complementary goods/service, taste/preference etc

· For diagrams showing changes in supply you could consider changes in price, technology, change in other factors of production etc

This task should be done in class under controlled conditions and submitted to the tutor on the day then subsequently reproduced digitally (scanned original or reproduction is acceptable) and submitted at due date.

Task 1b: Explain with reference to a diagram in about 400 words the relationship between price equilibrium and quantity .( A.C.1.2)

· With reference to the above task you need to look at the relationship between the quantities of goods demanded and or supplied and price and what happens when there is price equilibrium.

· AND How price equilibrium is achieved?

Task 2: Prepare an essay of 600 words, on the wide range of factors which affect the demand and supply curves.( A.C. 2.1)

With reference to your report you need the to do the following:

· You must have an introduction, a body/findings and conclusion

· You must use Harvard referencing and avoid plagiarising.

· You need to analyse the wide range of factors which affect the demand and supply curves

·

Task 3: Write a summary of 800 words, applying the economic theory learnt to explain the effects of changes on price and output on equilibrium with the help of a diagram.( A.C. 2.2, 3.1)

For this assignment you will produce:

· Diagrams illustrating your application of knowledge and understanding of demand and supply and effect of various changes on it.

· Essay of no more than 600 words analysing factors affecting the demand and supply curves

· A Summary of 800 words explaining the effects of changes on price and output equilibrium.

13/02/2017

(if applicable):

submission: 17/03/2017

(if agreed):

submitted:

· The explanations and evaluations in this work have been developed and written by me.

· I have not submitted material copied from the Internet, text books or other sources in place of my own thinking and writing.

· When I have referred to the work of others I have done so to discuss, comment on or argue their ideas.

· I have kept quotation and paraphrasing to an absolute minimum and only to support points I have made.

· I understand that referencing the names of authors whose ideas I have used without including my own interpretation of those ideas, does not meet the assessment criteria and cannot attract the Pass, Merit or Distinction grades.

· I have not copied the work of my peers

(please circle)

Unit title:

Learners achieve a Pass if they meet all Level 3 Assessment Criteria for a unit. You will achieve a Merit or Distinction by meeting the following Grade Descriptors. Your tutor will give you feedback for all three grades.

(Choose one or more relevant grade components)

(Choose one or more relevant grade components)

(Choose one or more relevant grade components)

(Choose one or more relevant grade components)

To achieve a Merit you will show that you have generally applied the relevant theories and concepts to your explanations and observations regarding demand and supply curves. You will have demonstrated very good levels of consistency in your analysis, assessment and application of the various ideas concerning the introduction of Market forces. You will have supported your explanations and arguments and any suggestions which you make with clear and relevant evidence and examples. Your work will be written in a generally fluent and coherent style using a register generally appropriate to your purpose. Your work will generally exhibit a logical progression and development of ideas and explanations relevant to the sphere of the task you have been set. Your answer will be informed by accurate use of technical and specialist language.

To achieve a distinction you will show that you have consistently applied the relevant theories and concepts to your explanations and observations of demand and supply. You will have demonstrated excellent levels of consistency in your analysis, assessment and application of the various ideas concerning the introduction of market forces. You will have supported your explanations and arguments and any suggestions which you make with very clear and relevant evidence and examples. Your work will be written in a consistently fluent and coherent style using a register consistently appropriate to your purpose. Your work will consistently exhibit a logical progression and development of ideas and explanations relevant to the sphere of the task you have been set. Your answer will be consistently informed by accurate use of technical and specialist language.

(you could also indicate on the work itself where each AC is met)

after resubmission:

(P/M/D)

Please enter the final grade on page 1 based on this grade profile e.g. PPM=P