Assignment:
Select 1 or 2 key theoretical concepts, with a strong microeconomic focus, from what has been discussed in class and provide a critical overview of its value in explaining or solving one or more real world microeconomic challenges (some general thematic suggestions include: "impact of smoking ban on pub closures in the UK"; "monopoly power and monopoly pricing amongst pharmaceutical companies"; "pricing policies amongst budget and other airlines"; etc., etc.) Your work should be presented in essay format but may include tables, diagrams, etc., and may need a bibliography,depending on what you choose to work on. All bibliography entries need to conform to the Harvard referencing style.
1,200 word