TASK 1 - 60%

Critically analyze the following microeconomics concepts with reference to any retail business of your choice.

1.1 Explain the law of Demand, movement along the same demand curve (with the aid of diagram) and changes in demand curve with its factors (with the aid of diagram). 30 marks

1.2 Explain the law of Supply, movement along the same supply curve (with the aid of diagram) and changes in supply curve with its factors (with the aid of diagram). 30 marks

TASK 2 - 40%

Compare and contrast emerging theories and models in 21^st century contemporary economics with those of the 20^th century and relate both to modern business practices. 30 marks

General coherence of the assignment, introduction, presentation, conclusion and referencing