ECO203 International Economics – Comparative Advantage & Trade Theory Question 1 There are two countries, Brazil and India. They use all their resources (i.e., labour and capital) to produce printed circuit boards (PCBs) and food products (FPs). Brazil can produce either 9,000 units of PCBs or 6,000 units of FPs. India can produce either 6,000 units of PCBs or 15,000 units of FPs. a) State […]
Posted: January 29, 2026
BCEC002: Business Economics – Workplace Analysis Using Key Concepts Perform an analysis of your workplace or an organisation by applying the key economic principles. To make your analysis more relevant, apply the key economic principles including demand and supply, elasticity, government intervention, market structures, central economic problem, output and cost, marginal analysis, agency theory, comparative advantage that can be clearly identified in your chosen organisation. […]
Posted: January 23, 2026
Economics Assessment: Market Structure, AD-AS, and Data Analysis SECTION A [This section includes two mandatory questions. Please adhere to the instructions and word limits provided for each question and its sub-parts.] Question 1 [7 marks] [ There are 8 potential buyers (A, B, C…, H) for a bottle of premium Yarra Valley Pinot Noir. Each buyer’s reservation price (or willingness to pay) is known to […]
Posted: October 7, 2025
Cafe vs Fine Dining Restaurant You are the head of a newly established economics consultancy and have been contacted by Ling. Ling has inherited some money and wants to invest it on somewhere. Ling is thinking about two options; one is to open a budget-priced specialty cafe, the other is a premium fine dining restaurant in Singapore. Ling wants to receive advice about business decisions […]
Posted: May 27, 2025