Economic Assessment

Economics 1 Assessment Instructions

Assessment 2: Individual Assignment, 30% of Module Weighting

1.0) RELEVANT MODULE LEARNING OUTCOMES: A. Analyse a range of current economic issues and problems. B. Develop and communicate economic arguments in a variety of forms. C. Be able to make effective presentations of economic arguments. D-J The nature of this assignment is such that students will analyse a particular newspaper article and, depending on the subject matter, will respond to one or more of the remaining outcomes. 1.1) EMBEDDED SKILLS INCLUDE:

 The ability to conduct research.

 The ability to analyse data and information.

 The ability to think and read critically.

2.0) INSTRUCTIONS: i) Assignment Submission: All assignment copies are to be handed in to lecturers on the specific due date agreed upon and published in the Module Study Guide. i) Assignment Brief: Working individually, you will either search through and find OR be allocated by your lecturer ONE (1) newspaper article published no earlier than November 1, 2013 that is relevant to the economics concepts discussed in class. Either way, the chosen article has to be approved by your Lecturer. Once this is confirmed, your task is to write an essay of 1,100 words that summarises the key facts of the article and, more importantly, analyses, explains, and communicates how the article relates to the economic concepts and models studied in the Economics 1 module. The article must fulfill the following requirements:

 It must concern news events which you may consider include events relating to inflationary economy, recessionary economy, fiscal policy, monetary policy, demand/supply concepts, price elasticity as well as market structure.

 More marks will be awarded for reports which provide more detailed discussion and in- depth analysis with adequate referencing to the economic concepts and models.

iii) Assignment Format: The essay should be presented as follows:

 Introduction - Outline your reasons for selecting the article (about 100 words) and summarise the key economic points covered by the article (about 100 words).

 Body - Identify and discuss the economics concepts and models from the Economics 1 module that are suitable to explain the news article and relate and apply these economics concepts and models to the article to show your understanding of the news (about 800 words). Despite being an essay, diagrams are permitted to help explain concepts

 Conclusion - Argue the social and economic implications of the economic event or other logical consequences of the news event (about 100 words)

 Referencing - All sources referred to in your essay, including any diagrams, must be

referenced to in-text and be included in a full reference list at the end of the assignment,

according to the APA system of referencing. Use the following Kaplan resource to assist

you to do this accurately and consistently:

iv) Assignment Style The reference above will also supply you with the Assignment Style rules followed in Kaplan. In short, the main things to apply are as follows:

1. Write your name clearly on the cover page using the Lecturer’s Comment Form 2. Your assignment should be type-written. 3. Spacing 1.5 with font size 12 using Arial font style. 4. Include page no. 5. Include a Reference Page at the end of your assignment.

v) Policies

 The penalties for plagiarism and collusion per Kaplan Singapore Academic Policy (found in your Student Handbook) will apply for any breaches.

 Late submission of assignment copies handed in to program managers will have marks deducted in accordance to the Kaplan Singapore late submission policy.

All KAPLAN Higher Education Diploma and Diploma Bridging modules use the APA referencing and citation format. Please make yourself familiar with this style at the beginning of your studies so you are able to use it to keep track of source material during research. COMPULSORY GUIDE TO READ AND APPLY IN ALL ACADEMIC WRITING: KAPLAN Academic Works and APA Guide: Follow this link to download and save- http://kaplan- diploma.s3.amazonaws.com/Kaplan_Singapore_Academic_Works_and_A PA_Guide_2013_v2.pdf