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Talk to an Expert| Category | Assignment | Subject | Busiess and Management |
|---|---|---|---|
| University | Bath Spa University | Module Title | BMA4002-20 Assessment 1 Individual Report |
| Module title | Economics and Globalisation |
| Module code | BMA4002 |
| Assessment task title | Assignment 1 (Individual Report) |
| Word limit and guidance on submission | 1. Word count 2500 words.
2. Word Doc. |
| Weighting | This assessment task comprises 50 % of the total assessment for this module |
| Submission deadline for assessment | 26th August 2026 at 12 pm. |
| Feedback and provisional marks release date | 10th September 2026. |
| Learning outcomes assessed | 1. Understanding of economic theories and their applications in domestic and international business contexts.
2. Application of microeconomic models to analyse change of commodities’ (goods) prices. 3. Critically reflect on the process of undertaking economic analysis, demonstrating how feedback, problem-solving, and economic reasoning inform understanding of work, business, and future career development. |
This assessment is designed to enable students to demonstrate an understanding and application of core economic theories to analyse changes in the prices of commodities in the UK economy over the past 10 years, within a domestic, international, and globalised context.
The task requires students to apply microeconomic models (supply, demand, comparative statics, elasticity) as the primary analytical framework, while also considering macroeconomic policy influences and international economic and political factors that shape commodity markets.
Through this analysis, students will develop a broader perspective on economic change, enabling reflection on how global economic forces influence business environments, employment, and future career opportunities.
You are required to produce an individual report analysing the changes in the price of a selected commodity in the UK economy over the past 10 years (approximately 2016–2026).
The purpose of this assessment is to evaluate your ability to:
Apply economic theory to real-world price movements
Use microeconomic models to explain changes in commodity prices
Critically reflect on the process of undertaking economic analysis, demonstrating how feedback, problem-solving, and economic reasoning inform understanding of work, business, and future career development.
Commodity Selection
You must select ONE commodity from the list below:
Your chosen commodity must be analysed using authentic data and credible academic or institutional sources.
(750 words)
Using appropriate data, analyse how the price of your chosen commodity has changed in the UK over the past 10 years.
You should:
This section assesses your understanding of economic theory and its application to real-world business contexts.
(1250 words)
Apply microeconomic models to explain the observed price changes of your chosen commodity.
Your analysis must include:
Consideration of price elasticity of demand and/or supply, including short-run and long-run perspective
(500 words )
This section requires you to critically reflect on how you approached and developed this assessment, rather than simply describing what you learned.
Your reflection must demonstrate engagement with feedback, problem-solving, and decision-making during the completion of the task, and explain how this process has influenced your understanding of economics in relation to work, business, and future career development.
You are required to address all three areas below.
a) Engagement with Feedback and Development
b) Problem-Solving and Decision-Making
This section should demonstrate critical reflection and evidence of development. Purely descriptive accounts or generic statements will not meet the learning outcome.
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