trade

profiledodo1995
trade22020.docx

Course Name: International Trade

Course Code: ECON1086

Weight: 25%

Due date: On Friday, March 27, 2020, 11:59 pm (midnight).

Feedback mode: Online

Learning Objectives Assessed: Your technical skills are assessed through the brief you prepare. This involves the way you utilize your knowledge in international trade models as well as your expertise in inspecting and interpreting data.

Micro-credential: Complete the Fact Check micro-credential. You may access this through this Canvas site by clicking ‘Modules’ on the left-hand sidebar and navigating to the Creds module.

The unique URL link is required for submission in this assignment. Please include the URL link in the beginning (first page) of the assessment. Teaching staff will use this link to verify you have successfully completed the Fact Check micro-credential. Use the instructions linked on the credential launch page in Canvas to claim your badge and to get your unique URL.

In order to qualify for a badge you will need to achieve the stated requirements for the credential. Please refer to the credential launch page for more details including marking turnaround times on submission-type assessments. Badges may take up to 24 hours to be issued.

This assessment is linked to the following Course Learning Objectives (CLOs):

· Manipulate economic models to analyse real world issues in international trade.

· Examine international trade data to critically discuss economic theorems and apply in diverse contexts.

· Analyse the fundamental determinants of the size and pattern of trade to verify its determinants and its effects on the wider economy/welfare.

· Compare and contrast economic and political conditions in poor and rich countries to critically assess the incentives and consequences of trade liberalisation globally.

Details *** Follow the instructions below on how to get the data. *** Review Lectures on Globalisation and Ricardian model very carefully.

You can reach your assignment here:  Assignment 1.pdf

Actions

Instructions for submission:

· Click on Assignments on Canvas.

· Click on Assignment 1.

· On the right-hand corner, click on Submit Assignment.

· Attach your file by clicking on Choose File.

· Once you selected your file containing your assignment, click on Submit Assignment at the bottom.

You can submit more than once. Only your last submission will be graded. 

Assessment Declaration:

I declare that in submitting all work for this assessment I have read, understood and agree to the content and expectations of the  Assessment declaration (Links to an external site.) .

 

Rubric

Rubric for Assignment 1

Rubric for Assignment 1

Criteria

Ratings

Pts

This criterion is linked to a learning outcomeHeadline for your brief

1.0 Pts

Full marks

Appropriate and short headline provided.

0.0 Pts

No marks

No headline provided or headline is irrelevant.

1.0 pts

This criterion is linked to a learning outcomeData Analysis (Step 1)

Openness Calculation

2.0 Pts

Full marks

Correct calculations for both countries.

1.0 Pts

1 Point

Correct calculations for one country only.

0.0 Pts

No marks

Calculations are wrong for both countries.

2.0 pts

This criterion is linked to a learning outcomeData Analysis (Step 1)

Openness formula

1.0 Pts

Full marks

Formula is correctly stated.

0.5 Pts

0.5 Points

Formula not expressed as a percentage, i.e., not multiplied by 100.

0.0 Pts

No marks

Wrong formula.

1.0 pts

This criterion is linked to a learning outcomeData Analysis (Step 1)

Alternative measures of Openness

1.0 Pts

Full marks

A plausible alternative is provided.

0.0 Pts

No marks

Alternative provided is not plausible or no alternative is provided.

1.0 pts

This criterion is linked to a learning outcomeData Analysis (Step 2)

Graph data points

1.0 Pts

Full marks

Data points are correct for both countries.

0.5 Pts

1 Point

Data points are correct for one country only.

0.0 Pts

No marks

Data points are wrong for both countries.

1.0 pts

This criterion is linked to a learning outcomeData Analysis (Step 2)

Graph Type and Labels

1.0 Pts

Full marks

A single graph is used. All labels are present, and line graph is used as a chart type.

0.5 Pts

0.5 Points

Only one label is present,

0.0 Pts

No marks

No label is present; or a single graph is not used; or line graph is not used.

1.0 pts

This criterion is linked to a learning outcomeData Analysis (Step 2)

Explanation of Trends

2.0 Pts

Full marks

Correct explanation of trends (including comparison) for both countries.

1.0 Pts

1 Point

Correct explanation of trends for only one country; or explanations are incomplete; or no comparison is provided; or explanation is too long (well above 200 words).

0.0 Pts

No marks

Incorrect explanation of trends for both countries.

2.0 pts

This criterion is linked to a learning outcomeData Analysis (Step 3)

Calculation of Correlation coefficients

2.0 Pts

Full marks

Both correlation coefficients are correct.

1.0 Pts

1 Point

Only one of them is correct.

0.0 Pts

No marks

None is correct.

2.0 pts

This criterion is linked to a learning outcomeData Analysis (Step 3)

Economic Explanation

2.0 Pts

Full marks

Correct economic explanation for both.

1.0 Pts

1 Point

Correct economic explanation for one country only; or explanations are incomplete; or explanation is too long (well above 200 words).

0.0 Pts

No marks

Incorrect explanation for both.

2.0 pts

This criterion is linked to a learning outcomeData Analysis (Step 3)

Comparison

1.0 Pts

Full marks

Clearly indicating the country the relationship is stronger.

0.0 Pts

No marks

Not indicating the country for which the relationship is relatively stronger.

1.0 pts

This criterion is linked to a learning outcomeTechnical Analysis (Step 4)

Absolute Advantage

2.0 Pts

Full marks

Both are correct.

1.0 Pts

1 Point

Only one of them is correct.

0.0 Pts

No marks

None of them is correct.

2.0 pts

This criterion is linked to a learning outcomeTechnical Analysis (Step 4)

Comparative Advantage

2.0 Pts

Full marks

Both are correct.

1.0 Pts

1 Point

Only one of them is correct

0.0 Pts

No marks

None of them is correct.

2.0 pts

This criterion is linked to a learning outcomeTechnical Analysis (Step 4)

Production Possibility Frontier

2.0 Pts

Full marks

Both are correct and clearly labelled, intercepts and slope for each graph is clearly indicated.

1.0 Pts

1 Point

Only one is correct, or they are not clearly labelled or intercepts and slope for any graph is not clearly indicated.

0.0 Pts

No marks

None of them is correct.

2.0 pts

This criterion is linked to a learning outcomeTechnical Analysis (Step 4)

Autarky price

2.0 Pts

Full marks

Both are correct.

1.0 Pts

1 Point

Only one of them is correct.

0.0 Pts

No marks

None of them is correct.

2.0 pts

This criterion is linked to a learning outcomeTechnical Analysis (Step 4)

Optimal production and consumption

2.0 Pts

Full marks

Optimal consumption and production are correct for both countries.

1.0 Pts

1 Point

Optimal consumption and production are correct for only one country.

0.0 Pts

No marks

Optimal consumption and production are incorrect for both countries.

2.0 pts

This criterion is linked to a learning outcomeMicro-credential: Fact Check

1.0 Pts

Pass (P)

Evidence of badge presented in assessment. Reflection: Refers to successfully distinguishing between sources on the basis of reliability and also recognising the steps of basic fact verification and will contribute to your data analysis.

0.0 Pts

Fail (NN)

No evidence of badge presented in assessment. Reflection: No reflection on the micro-credential.

1.0 pts

Total points: 25.0