Economics is mandated to provide a way of understanding about the distribution of resources within people, organisations, governments and even countries. These materials have to be analysed while working on the case study assignments that imply research and analysis. As a result, students are always on the lookout for answers, which perhaps they use in an expanded research about the market and what they have learned they use in real-life situations. 

This blog will help us in explaining the macroeconomic and microeconomic factors that should be considered while solving the economic case studies. Furthermore, it will also explain how pestle and SWOT tools can be utilised, challenges that students face and how experts can help them in this case. 

What Is An Economics Case Study Solution Assignment?

Applying particular economics and audio or problems in an economics case study solution assignment requires working with real data or sheer cases. Economic component evaluation as well as the application of relevant theories, objectives, fixes or tactics are the goals. This assignment aims at evaluating students’ understanding of economics concepts and principles, analytical skills and their ability to transfer theoretical knowledge to practical problems. 

Economics cases may cover virtually any subject related to market structure, the impact of policy on the business, impact of globalisation and evaluating company strategies. In expectation of the students, it is expected to critically analyse the state case that is provided and identify the key economic issues; this should be followed by recommendations/solutions supported by evidence. 

Elements of Growth of Microeconomics and Macroeconomics

These sub-disciplinary areas of economics include; Microeconomics and Macro, which are vital while developing a solution for an economic problem. To the students, it becomes hard to go through all of them at once, due to the difficulty. It is however easier and faster to request professional suppliers of economics case study solutions to do the work.  The following are some crucial elements from each branch that they can effectively take into account:

Macroeconomic Elements

• Gross Domestic Product: Speaking of a case study, the GDP is defined as the measure of a nation’s overall economic activity and acts as a reference point when it comes to the condition of the economy. An understanding of GDP trends is useful for determining future economic trends, and in general for understanding economic conditions. 
•  Rate of Inflation: Fluctuations in inflation affects the rate at which the average level of prices for goods and services are being charged. It influences the interest rate, the purchasing power, as well as, investment options. In this case where the subject of focus is pricing strategies or monetary policies, it is important to review the trends with regard to inclusion. 
•  Rate of Unemployment: With reference to the unemployment rate, the proportion of those in the labor force that is willing to work to find employment is represented. Whereas the former is an indicator of economic success the latter is an indicator of economic downturns. This component is very important in case studies because it concerns the labor market or economic growth. 
•  Rates of Interest: Both a nation and a number of banks regulate the interest rate. In matters concerning investment decisions and corporate finance, it also affects the cost of borrowing, expenditure by the consumers as well as investments which are very vital factors to consider. 

To Be Continued