Microeconomics, and the concept of Demand and Supply





Module Code

Microeconomics, and the concept of Demand and Supply

The following reflective writing tasks is a way of requesting you to critically evaluate and make connections between the theories and practice you are engaging within this unit and can guide you to become more aware of your personal thoughts about your life experiences in relation to those theories.

Reflective writing is not just a description or summary of something that you have observed. Instead, reflective writing requires you to describe, analyse and evaluate.


Students are required to collect 5 articles from reputable sources (peered review journal articles, newspaper articles etc.…) and to write a reflection of approximately 350 words on each article. It is suggested you use about 150 words to summarise the article and the remaining 200 words to reflect. Also, please provide a link or copy of the chosen article.

The selection of the various topic articles MUST relate to the different areas and topics we looked at in our lectures/seminars as follows:

Microeconomics, and the concept of Demand and Supply

Equilibrium and Elasticities

Market Failures, Public Goods, and Externalities

Production, Costs and Comparative advantage

Market Structures: Perfect Competition and Monopoly

Market Structures: Monopolistic Competition and Oligopolies

Macro Economics: Circular flow of income

GDP and economic models

Fiscal Policy

Monetary Policy

Foreign Exchange and the balance of payments

These news articles MUST BE RECENT from 1 September 2022 onwards