Question by Tiffy/.: Bored enough to do an essay for me?
A detailed Report which outlines the Economic Management for this Island. You have arrived on the island by 18ft yacht that was damaged in the storm. There are 20 including you who survived the storm.
Word Limit: 800 ? 1000 words
The Task:
B Concepts: Systems
?rights and responsibilities within systems (roles, who is responsible? For what?)
?how systems, models and institutions operate (chosen a system? how does your system work? What? How? Why? to whom? Your understanding of characteristics and functions of money)
?the complex and dynamic nature of systems
C Skills:
?Analyse and interpret information from a wide range of sources (my teaching, your research)
?Identify key questions, problems and issues (what are your needs? What will you use for money?)
?Critically evaluate the values and limitations of sources
?Develop appropriate strategies to address issues (realistic??how will your economy develop?)
?Formulate clear, valid and sound arguments, make balanced judgments on events, and draw conclusions,
including implications (Why your system? What are the negatives of the other systems? What are the positives of your system? Why have you chosen ?x? for money? Reasoning behind your choices)
?Make well-substantiated decisions and relate them to real-world contexts (show me your further research!)
D Organisation and Presentation
?Communicate relevant information in a logically sequenced manner, appropriate to the format used (D)
?Use in-text referencing and a bibliography to clearly document sources of information (D)
In order to complete this task you must submit the following
A detailed Report which outlines the Economic Management for this Island. You have arrived on the island by 18ft yacht that was damaged in the storm. There are 20 including you who survived the storm.
Word Limit: 800 ? 1000 words
The Task:
Your task is to establish an appropriate Economic System for this new desert island that you have discovered.
You will need to address the following areas
1.Economic system: Which one/s and why?
What will you produce? How and Why?
How will you generate income for your island?
Who will control/manage this?
2.Resources:Land ? natural resources TABLE OF RESOURCES
Labor ? human resources
Capital ? places and equipment used in the production of final goods, such as assembly lines, trucks, heavy duty machinery, factories, etc.
Entrepreneurship ? the leader of resources, the person or group that marshals resources in the production of final goods (Bill Gates, Steve Jobs)
3.Specialisation:Will you island specialise in anything? Why/Why not
4.Money:What from of money will you use as a medium of exchange? Why?
What function will it serve?
What specific characteristics will this money possess?
Make use of real life situations/countries/economies to support or justify your ideas or inspiration.
Key Concepts for this task
In your report, you should address the following concepts
Management of Resources Human Resources Trade
Economic DevelopmentAccess to resourcesBudget Management
Facts about the island
?South Pacific
?Populated
?Abundant natural resources
?Neighbours (maybe)
Best answer:
Answer by Quintin108
You Need To Do It On Your Own
Add your own answer in the comments!
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