CourseHES 202

Week16 of 16

SemesterII

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This week’s topics

Final assessment and submission

Final coursework submission
Assessment against all criteria

What you will be able to do

1.1 Explain the law of supply and demand.
1.2 Illustrate market equilibrium using a simple diagram.
2.1 Explain the concept of elastic and inelastic demand.
2.2 Calculate a simple elasticity ratio.
3.1 Explain inflation, unemployment and GDP.
3.2 Interpret published economic indicators for a chosen country.
4.1 Compare perfect competition and monopoly.
4.2 Identify examples of each structure in real markets.

Activity

Final assessment week: submission of the unit coursework (and any timed assessment the unit requires).

Study materials

The teaching notes, exercises and videos of this week are in the student portal. Your portal is set up as soon as you receive final acceptance, so you can open them before the semester starts.

Week 15

Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

Open this week in the portal

Course plan

Week 1: What is economics? Scarcity and choice
Week 2: Demand: how buyers behave
Week 3: Supply: how sellers behave
Week 4: Market equilibrium
Week 5: When demand or supply changes
Week 6: Price elasticity of demand
Week 7: Calculating elasticity
Midterm: Midterm evaluation
Week 9: Measuring the economy: GDP
Week 10: Inflation and unemployment
Week 11: Reading economic data
Week 12: Perfect competition
Week 13: Monopoly
Week 14: Markets in real life
Week 15: Review and coursework completion
Final: Final assessment and submission

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