CLO1: Identify the underpinning principles of the individual and organization concept in the economic system. (C3, PLO1) CLO2: Demonstrate capacity to work individually or together with different people in diverse learning and communities on knowledge of economic-related. (C3B, PLO4) CLO3: Convey the idea both in written or in written on economic structures. (C3C, PLO5) Note

• Written Assignment 10% (Due Week 7).
• Rubric attached.

Answer ALL the question from section A: (15 marks)

1. Explain the impact that supply and demand have on pricing. (3 marks)

1. How does the purchasing ability of consumers influence the pricing system deployed by business? (7 marks)

Answer ONE question from section B: (15 marks)

1. Discuss economic growth (GDP) trend for Malaysia from the year 2010-2021.

(In your discussion, divide the statistics for every 5 years and explain the reasons for its boom and fluctuation) (20 marks) General Guidelines:

• Students are required to work in group of 5-6.
• Late submission is not acceptable.
• Students are required to submit ONE (1) final softcopy only.
• The assignment must be between 300-500 words for section A
• The assignment must be between 1500-2000 word for section B
• Students are encouraged to use diagrams/charts/infographics etc. to enhance the answer.
• Must be word processed using font type New Times Roman and font size of 12/Arial 10.
• Must be 1.5 spacing and justified.
• All materials or sources used must be appropriately cited and referenced.
• Citation and referencing are mandatory. APA REFERENCING.
• Student to attach rubric when submitting the assignment.

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UCSI UNIVERSITY FOUNDATION in ARTS FBF1384 ECONOMICS SEMESTER 2022 (Jan-April) ASSIGNMENT (10%) Instructor: Asst. Prof. Dr. Uma Munikrishnan Course learning Outcome Achieved CLO1: Identify the underpinning principles of the individual and organization concept in the economic system. (C3, PLO1) CLO2: Demonstrate capacity to work individually or together with different people in diverse learning and communities on knowledge of economic-related. (C3B, PLO4) CLO3: Convey the idea both in written or in written on economic structures. (C3C, PLO5) Note Written Assignment 10% (Due Week 7). Rubric attached. Answer ALL the question from section A: (15 marks) Explain the impact that supply and demand have on pricing. (3 marks) How does the purchasing ability of consumers influence the pricing system deployed by business? (7 marks) Answer ONE question from section B: (15 marks) Discuss economic growth (GDP) trend for Malaysia from the year 2010-2021. (In your discussion, divide the statistics for every 5 years and explain the reasons for its boom and fluctuation) (20 marks) General Guidelines: Students are required to work in group of 5-6. Late submission is not acceptable. Students are required to submit ONE (1) final softcopy only. The assignment must be between 300-500 words for section A The assignment must be between 1500-2000 word for section B Students are encouraged to use diagrams/charts/infographics etc. to enhance the answer. Must be word processed using font type New Times Roman and font size of 12/Arial 10. Must be 1.5 spacing and justified. All materials or sources used must be appropriately cited and referenced. Citation and referencing are mandatory. APA REFERENCING. Student to attach rubric when submitting the assignment. Foundation in Arts Semester Jan 2022 ASSIGNMENT RUBRIC CRITERIAPOOR 0-2FAIR 3-5GOOD 6-7EXCELLENT 8-10Weightage 10Question 1The...

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