Demonstrate an awareness of key economic concepts and ideas, including those of relevance to the areas of business, finance, trade and development.

1) Select any country located in Africa, Asia or Latin America and, with the use of the concepts taught in this module and using relevant statistics, describe and assess its level of development and its progress towards further economic development. Do ensure that your answer distinguishes between the concepts of economic growth and economic development. (600 words ~ 40 marks) 2) Trade Openness always benefits the Economy Developing Countries. Discuss this statement within the context of the country you have chosen for Question 1. (900 words ~ 60 Marks) A)Demonstrate an awareness of key economic concepts and ideas, including those of relevance to the areas of business, finance, trade and development. b) Apply economic concepts, ideas and principles to analyse a range of issues relevant to business, finance, trade and development. c) Understand how to analyse economic issues in the areas of business, finance, trade and development using relevant data.

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