Describe economic outcomes in markets & how these are affected by market structure and macroeconomic

Learning Objectives: This assessment reflects Unit Learning Objectives 1,2 and 3. Students who successfully complete this task should be able to: • Interpret and explain economic principles and models. • Use economic concepts and knowledge to explain and evaluate decision making by individuals, firms, and government. • Describe economic outcomes in markets and how these are affected by market structure and the macroeconomic environment. Assessment Task: You are asked to conduct a case study analysis of the two following scenarios using the question prompts as structure for your response. Students are strongly advised to examine the Case Study Marking Guide on Blackboard for additional guidance in design of responses