Econs Essay
Essay Assignment
20% of total assessment
Individual work
1500 words essay
Submit to turnit in and moodle site
by 25 August, 1159 hours
Question
‘The fast economic growth of China and India in the last two decades explains more about the size of the economy, so the experience of China and India cannot be imitated in smaller economies in Asia’. Discuss
[20 marks]
An overview
Large population
Land mass
Key growth factor
Key growth factor
Economic growth
Challenges
Links between large and small sized economies
Pick a pair of
Already successful economies
Newly emerging economies
Define !
India
Small economies
China
Essay Structure
Introduction
Economic model explain factors of growth
Body 1
Discuss how the size of the large sized economies affect their output and growth. Also include a brief discussion o the challenges of their sheer size on long term future growth
Body 2
Discuss other sources of growth of large sized economies
Body 3
Discuss growth of the selected small sized economies
Body 4
Discuss if the small sized economies can learn from the large sized economies
Conclusion
Conclude on the role of market, government and the possible cooperation between the different sized economies
Grading rubrics
| Meeting expectations | Within expectations | Not meeting requirements | ||
| Explaining the key factors of economic growth of large sized economies (10 marks) | 9- 10 marks | 6- 8 marks | 5 marks | 0 - 4 marks |
| A clear explanation on the key factors of growth of large sized economies and also briefly highlight other sources of growth | A clear explanation on the key factors of growth of larger economies but no account of other sources of growth no relating to the size of the economies | Only a description of the growth of these two economies but did not explicitly state the key factors accrued to large sized economies or Explaining the key sources of growth without technical analysis | Only a description of the two economies without explaining the key source of growth | |
| Explaining the key growth strategies of small economies (4 marks) | 3- 4 marks | 0 - 2 marks | ||
| A brief description of the factors affecting growth of small sized economy | Only a description of the small economy with no clear evidence of the size of the economy or discussion in terms of economic growth |
Grading rubrics
| Meeting expectations | Within expectations | Not meeting requirements | |
| Explain in what ways the small sized economies can learn from the large sized economies (4 marks) | 3-4 | 1-2 marks | 0 marks |
| A well balanced discussion considering the possible learning points from the large sized economies | A one sided discussion on how the small sized economies can imitate the larger ones | NO discussion about the two different sized economies | |
| Conclusion (2 marks) | 2 marks | 0 marks | |
| A attempt to highlight the role of government, the markets and the ways the large sized and small sized economies in Asia can interact | No attempt to draw conclusion about the two different sized economies |
Format
| Font type: Times New Roman, Font size: 12 pt, single spacing 1500 words Please include the following information: Heading on page 1 : Name,Student ID Word count on the last page of the essay Appendix : List of references, charts and tables (in any) |
Resources
Research sources
Lecture slides topic 05-08 ,10
www.worldbank.org
www.oecd.org
www.ASEAN.org
www.imf.org
Reading articles
https://hbr.org/2015/12/chinas-growth-a-brief-history
https://www.economist.com/finance-and-economics/2019/04/17/where-growth-is-concerned-is-population-destiny
https://www.oxfordeconomics.com/Media/Default/landing-pages/cities/OE-cities-summary.pdf
https://www.straitstimes.com/business/economy/population-more-people-bigger-market-more-options