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Task A
In 500 words or fewer, answer an original question of your choice which requires you to use a microeconomic principle, or principles, discussed in the module. This question should involve a pattern of events or behavior that you personally have observed. The issue you address need not be one traditionally analyzed using economics, but your work should be an original application of economic logic and reasoning to something which interests you.
Examples of issues students elsewhere have addressed are:
Your question and the issue you address need not be important or worthy, but try to begin with an interesting question. You should check with your seminar tutor that the question you wish to address is suitable. The most successful answers begin with a really interesting question (one that makes the reader instantly curious to learn the answer) and then use an economic principle or principles to construct a plausible answer. You do not have to provide a complete solution to the question - the key is to apply economic principles to achieve an insight into the issue.
It should be written as if to a friend or relative who has never taken a course in economics. It must be clearly understood by such a person. It does not need diagrams or mathematics. It should not be heavily laden with economic jargon or terminology. You should not need to include references in this task since it is an original application of principles. However, if you draw upon sources these should be referenced. You are not expected to do extensive research in support of your argument, although a relevant fact or two might help convince yourself and others that you are on the right track.
Professional sports players are generally paid much more than farmers, factory workers, engineers also teachers.
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If the goverment of Langkawi decides that it cannot wait for the economy to self-correct in the long-run, what policy action could it posibaly take now? what trade offs,if any, will it have to be prepared to make in term of economic outcomes?
q1. how an airline executive might use tourism economics relating to passengers load factors ticket prices discounts
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