Ethics and Governance research essay 2000words
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Assignment2addon.pptxECON1025 ASSIGNMENT 2
INDIVIDUAL REPORT
ECON1025
Assessment Title: Microeconomic Analysis of an Economic Phenomenon
Weight: 30%
Assignment due date: 3rd September 2018 Monday 7pm SGT
Length: 1300 words and diagrams if necessary
Feedback mode: via Canvas
TASK 1
Phenomena to choose from (please choose one only)
1) Crude Oil Price Fluctuations between 1998-2018
Crude oil is an energy source that is integral to production processes across the economy. However, over the last two decades, crude oil prices have fluctuated quite considerably. Perform an economic analysis of this phenomenon in the market for crude oil. Make sure you include definitions of relevant economic concepts. Explain why prices have fluctuated in the last two decades. Include in your answer the welfare implications of these price changes.
TASK 1
Phenomena to choose from (please choose one only)
2) Green-House Gas Emissions and Climate Change
The issue of green-house gas emissions and climate change has received a lot of media attention over the last decade. While some countries have taken steps to tackle this issue, others have chosen not to respond. Perform an economic analysis of this phenomenon and its welfare implications. Make sure you include definitions of relevant economic concepts. Include in your answer the scope of government intervention in tackling this issue.
Grades will be awarded on the following basis:
HD 30.0 Pts
The economic analysis has relevance to the phenomenon chosen, with relevant definitions included. Answer is presented clearly, correctly and completely. Economic theory is highly relevant, all components are present, and correctly and comprehensively described. The relationship between theory and application is clearly articulated, and correctly and comprehensively analyzed. The assignment is well structured, with clear motivation and significance of findings discussed.
DI 24.0 Pts
The economic analysis has relevance to the phenomenon chosen, with relevant definitions included. Answer is presented clearly, correctly and completely, with very few components that are unclear, erroneous or incomplete. Economic theory is relevant, key components are present, and correctly described. The relationship between theory and application is clearly articulated, and correctly analyzed. The assignment is well structured, with some motivation and significance of findings discussed.
CR 18.0 Pts
The economic analysis has relevance to the phenomenon chosen, with relevant definitions included. It is mostly presented clearly, correctly and completely, with some components that are unclear, erroneous or incomplete. Economic theory is relevant, but some components may not be present or are unclear or erroneous. The relationship between theory and application is mostly clear or has some errors in analysis. The assignment is somewhat well structured, with limited motivation and significance of findings discussed.
PA12.0 Pts
The economic analysis has relevance to the phenomenon chosen, but is missing some significant components. Answer contains errors or is incomplete. Some irrelevant economic theory or theory is poorly described or erroneous. The relationship between theory and application is not well articulated or has errors in analysis. The assignment is somewhat well structured, but lacks details on motivation and significance of findings.
NN 6.0 Pts
The economic analysis is vague and incomplete. Answer contains major errors or significant components are missing or unclear. Economic theory is not relevant or only relevant for small aspects, is not clearly articulated and/or has incorrect or incomplete components. The relationship between theory and application is unclear or incorrect, with major errors in logic and analysis. The assignment is poorly structured and lacks details on motivation and significance of findings.
