Marks will be awarded based on how well you: (a) understand

Marks will be awarded based on how well you: (a) understand the economicconcepts from the lectures (Please only use concepts given in the attached Lecture slides) ; (b) apply the concepts to the question(s); (c) conductsystematic economic analysis using the concepts (this includes the use of appropriategraphs and diagrams); and (d) draw conclusions, if appropriate. Note that general laymandiscussions do not constitute sufficient economic analysis. Assignments should be typed, using 10 – 12 sized font and 1.5 – 2 linespacing. Graphs and diagrams can be hand drawn and scanned in, but must be clearlydrawn and clearly labelled.