Business Economics Coursework: Micro and Macro Analysis, 2020/2021

This economics coursework assignment, completed for the 2020/2021 academic year, delves into both microeconomic and macroeconomic principles. Part A focuses on microeconomics, examining monopolies, their impact on economies, and the role of antitrust laws. It analyzes market equilibrium, price elasticity of demand, and income elasticity of demand through practical examples and calculations. Part B shifts to macroeconomics, exploring the effects of inflation, aggregate supply shifts, and various economic theories. The assignment addresses how oil prices influence inflation, the impacts of labor market shocks, and the causes of short-run aggregate supply shifts, providing a comprehensive overview of key economic concepts. The assignment utilizes Harvard referencing and includes diagrams to illustrate economic models and principles.