Please write clearly and concisely. If you are producing a diagram, you can use any software you want, or hand draw it, and add as a photo.
Draw a diagram representing supply and demand of labour. Now show the effect of the introduction of a minimum wage that is above the equilibrium rate. Will the policy have achieved the desired result?
What determines the slope of an indifference curve at a particular point? What do differences in the slopes of indifference curves between consumers at a particular point tell us about their preferences?
What is the equation for cross-price elasticity of demand? What factors will determine the value of cross-price elasticity?
What shape should a short-run average cost curve take? What shape should a long-run average cost curve take? Explain why we might expect the two costs curves to have these shapes for many production processes.
What assumptions are made in the model of monopolistic competition, and what weaknesses are there with this approach? Show how a spatial interpretation of this model can be used to explain the location of firms. Illustrate with examples.
Explain the principle of moral hazard and why it can have negative consequences, using examples. Analyse how signalling can help alleviate this problem. What properties will successful signals possess?
Analyse the Hawk-Dove model of behaviour. How can this model be used to explain the prevalence of different types of behaviour in society? What difference does the degree to which the types are distinguishable make a difference?
The general mark scheme for undergraduate assignments is as follows:
Indicates that no fault can be found with the work other than very minor errors, for example typographical, or perhaps failure to satisfy the most challenging and exacting demands of the assessment.
Indicates a very high level of understanding evidenced by an ability to engage critically and analytically with source material. Likely to exhibit independent lines of argument. Only minor errors or omissions.
Judged to be very good, yet not outstanding. May contain minor errors or omissions. A well-developed response showing clear knowledge and the ability to interpret and/or apply that knowledge.
Indicates a sound understanding of basic points and principles but with some failure to express or to apply them properly. Hence the answer is essentially correct, has some errors or omissions, and is not seriously flawed.
Indicates a more limited understanding of basic points and principles, with significant errors and omissions. These errors and omissions, however, do not cast doubt on the basic level of understanding.
Indicates questionable understanding of basic points and principles yet sufficient to show that learning outcomes have been achieved at a rudimentary level.
Indicates an answer that shows only weakly developed elements of understanding. The learning outcomes have been insufficiently realised.
Very little knowledge has been demonstrated and the presentation shows little coherence of material or argument.
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