Shipping costs
• 1. Presentation should have content, introduction and references.
2. Describe and illustrate basic understanding of economic concepts.
3. Describe and discuss economic data tables and basic economic models and draw conclusions.
4. Assessment Brief:
Trampoline prices ‘to soar 50% on shipping costs’
The following is an extract from the BBC’s Business Webpage. It highlights the recent issues relating to high transport costs and port congestions.
[Accessed 27/01/2021]
This case highlights the issues caused by Brexit as well the long terms consequences for the shipping industry.
– Explain the main argument(s) of the article using microeconomic concepts/terms.
