economics and international trade

HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION

HC1072 Economics and International Trade

Assessment Details and Submission Guidelines

Trimester T2 2019

Unit Code HC1072

Unit Title Economics and International Trade

Assessment Type Written report

Assessment Title Group assignment

Purpose of the assessment (with ULO Mapping)

Students are required to work in groups to choose an industry then apply their

knowledge in the unit to write an industry report (Learning Outcomes 1, 2, 3, 5).

See Assignment Specifications for detailed requirements

Weight 30% of the total assessments

Total Marks 30

Word limit Not more than 2000 words

Due Date 5pm Friday of Week 10 for Normal Mode; 5pm Friday of Week 6 (Block Mode 1) & Friday of Week 10 for Block Mode 2.

Submission Guidelines

 All work must be submitted on Blackboard by the due date along with a completed Assignment Cover Page.

 The assignment must be in MS Word format, single spacing, 12-pt Arial font and 2 cm margins on all four sides of the page with appropriate section headings and page numbers.

 Reference sources must be cited in the text of the report, and listed appropriately at the end in a reference list using Harvard referencing style.

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HC1072 Economics and International Trade

Assignment Specifications Purpose: This assignment aims to enhance students’ research and analytical ability through the application of their economic knowledge in the unit to compose a report. The recommended assignment structure is as follows:

Table of content Introduction Market description Changes in market condition(s) and their impacts Conclusion List of References.

Detailed requirements of the assignment

Organize yourselves into groups of 4 or 5 students and give your group details to your lecturer(s) no later than Week 6 (for Normal Mode) or Week 4 (For Block Mode 1) and Week 8 (for Block Mode 2). Late submission of group member list can result in your being unable to submit the group assignment and awarded a mark of zero for the group assignment.

Find a recent news article discussing a change in market condition(s) of an industry in 2018-2019,

for example an observed change in market supply of a good/service or a change in consumers’ taste

and preferences for a good/service. The industry must be ONE of the following in Australia:

 Agriculture production

 Property market

 Mining industry

Using theories of economics, such as the demand and supply model and determinants of demand

and supply, explain the impacts of changing market conditions on the price and quantity of goods

or services traded. Support your analysis with market data.

The assignment must, as a minimum, include:

• an introduction;

• a description of the relevant market including the product or service, degree of

competitiveness, and market structure that characterises the market for that product or

service;

• an analysis (including appropriate diagrams) of how changing market condition(s) are

influencing, or have influenced, or may influence price and quantity, and

• a conclusion.

The news article you collect must be attached to your assignment.

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HC1072 Economics and International Trade

Marking Rubric for the Written Report

Criteria Excellent (>=80%) Very good (70-79%) Good (60-69%) Satisfactory (50-59%) Unsatisfactory (<50%) Description about the relevant market, degree of competitiveness, and market structure (7.5 marks)

Excellent description about the market and degree of competitiveness. Correctly identify the market structure, supported by comprehensive and updated data.

Very good description about the market and degree of competitiveness. Correctly identify the market structure, supported by some updated data.

Good description about the market and degree of competitiveness. Correctly identify the market structure, supported by few updated data.

Fair description about the market and degree of competitiveness. Correctly identify the market structure, supported by a limited amount of data provided.

Poor description about the market and degree of competitiveness. Incorrectly identify the market structure.

Analysis of the market conditions and their impacts on the market price and quantity (15 marks)

Excellent analysis of the market conditions and their impacts on market price and quantity, supported by correct diagrams as well as comprehensive data from the market.

Very good analysis of the market conditions and their impacts on market price and quantity, supported by correct diagrams as well as some data from the market.

Good analysis of the market conditions and their impacts on market price and quantity, supported by correct diagrams but limited data from the market.

Fair analysis of the market conditions and their impacts on market price and quantity, supported by very limited data from the market or incorrect diagrams.

Poor analysis of the market conditions and their impacts on market price and quantity, supported by no data from the market and incorrect diagrams.

The degree of research, the format, structure, presentation, and writing of the report (7.5 marks)

- Evidence of comprehensive and relevant research with correct referencing. - Meet format requirements to a high standard, including clear structure, headings, word count (close to approximation) and excellent presentation.

-Evidence of very good and relevant research with correct referencing. -Meet format requirements to a very good standard, including clear structure, headings, word count (close to approximation) and very good presentation.

-Evidence of good and relevant research with correct referencing. -Meet format requirements to a good standard, including clear structure, headings, word count (close to approximation) and good presentation.

-Evidence of reasonable research with some mistakes in referencing. -Meet format requirements to a reasonable standard, but could be improved with a clearer structure, headings, or may have better met word count approximation) and fair presentation.

-No good and relevant research with many mistakes in referencing. -May not have followed key question selection guidance, or may not meet format requirements, such as clear discussions, titles or headings, word count, or poor presentation.

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HC1072 Economics and International Trade