TRIMESTER 2, 2017
ECO1100 ECONOMIC PRINCIPLES
|Due date:||Friday6th October2017 at Midnight-Week 10|
|Length:||2500 words (Excluding references)|
|Learning outcomes assessed:||4-7|
|Graduate attributes demonstrated:||Discipline-Specific Knowledge
Workplace skills and qualities
Critical thinking and problem-solving skills
You are required to write a 2500 word report/essay on the identified economic issues.
This assessment task is designed to address learning outcomes 4, 5, 6, and 7 as published in the Subject Outline.
Students are required to respond to the following research essay topic:
“The four main macroeconomic goals that are generally of most concern to governments are economics growth, reducing unemployment, keeping inflation low and stable, and avoiding balance of payments problems”. Sloman, J., Norris, K. and Garratt, D., 2010. Principles of economics. Pearson Australia (p 207).
In May 2010 the Australian government announced plans to introduce a 40-percent tax on the ‘super profits’ of firms in the mining sector, while simultaneously making a slight reduction in the normal company tax level. Discuss the potential advantages and disadvantages of such a tax.
What does the term global economic recession refer to? Discuss possible reasons put forward to explainwhy Australia escaped the worst of the global recession of 2008-2009.
Describe the possible costs of unemployment in Australia. [Average500 words]
Discuss the benefits and costs of economic growth. [Average 500 words]
Your assignment should provide a basic structure as outlined in the section – Structure of Assignment.
Structure of assignment:
The following provides a guide to how you might structure your assignment:
Appendices (if applicable)
- Writing assignments must not exceed the word counts indicated. Double space your pages, use a 12-pt Arial font, use 2 cm margins on all four sides of your page.
- Your assignment must include an introduction, assignment body that clearly addresses the problem areas, a conclusion and a properly referenced bibliography. (refer to the assignment marking rubric for further guidance)
- Evidence of extensive research beyond the prescribed text is required.Students may use the prescribed text to guide your research, but it should not be used as a primary reference source. Students are expected to conduct research using peer-reviewed journal articles. As a guide, a minimum of six (6) references are required in addition to the text book. These references must be reference books or journal articles published in 2006 or later. (No Wikipedia!)
- Penalties may apply for late submission.Extensions will be granted only if they are supported by appropriate documentation prior to the due date. See OIHE SPECIAL CONSIDERATION POLICY.
- This assignment must be handed in via Turnitin (link provided via Moodle) for successful completion of the course and will count 25 marks towards the final mark.
- Ensure that references are appropriately acknowledged in your bibliography. Refer to OIHE ACADEMIC INTEGRITY POLICY regarding plagiarism.
- The Harvard Referencing System (author-date) should be used. [Harvard (Author-date) is based on: Commonwealth of Australia 2002, Style manual for authors, editors and printers, 6th edn, rev. Snooks& Co., John Wiley & Sons, Brisbane.]
- “Harvard System of Referencing Guide”. Anglia Ruskin University. 21 May 2012. Accessed 25 July 2013.
- “Rec Cite” , “Harvard Style”. University of Melbourne. Accessed 25 July 2013.
- Chernin, Ei (1988). “The ‘Harvard system’: a mystery dispelled”, British Medical Journal. October 22, 1988, pp. 1062–1063.
You will be assessed according to the following marking scheme:
|Assessment Task Criteria||Weight||HD 80-100%||D 70-79%||C 60-69%||P 50-59%||F 0-49%|
|Knowledge & understanding||30%||· In depth, expert knowledge.
· Superior proficiency in application of knowledge to problem.
|· Expert knowledge
· Proficient application of knowledge and understanding.
|· Competent level of knowledge
· Accurate application of knowledge and understanding.
|· Superficial knowledge.
· Some inaccuracies in knowledge and understanding.
|· Lack of knowledge
· Significant inaccuracies in knowledge and understanding.
|Logic of argument(s)||25%||· Central argument(s) expertly developed
· Topic covered in depth in a scholarly manner.
|· Central argument(s) clearly developed and supported by evidence
· Topic covered in depth and is concise and fluent.
|· Central argument(s)developed and supported by evidence
· Topic covered in depth but with some gaps,
|· Central argument(s) has been developed but not fully supported by evidence
· Progression of argument and ideas not strong.
|· Lack of central argument(s) and evidence base
· Argument incoherent and difficult to follow.
|Analysis||30%||· Expert scholarly demonstration of critical analysis
· Conclusion draws argument in influential and scholarly manner.
|· Considerable demonstration of critical analysis
· Comprehensive and competently developed conclusion
|· Good demonstration of critical analysis
· Conclusion is logical outcome of argument(s).
|· Critical analysis partially evident but not fully developed
· Conclusion is evident but not strong.
|· Critical analysis lacking or absent.
· Conclusions poor or absent.
|Research / referencing||15%||· Expert scholarly use of wide range of relevant sources
· Expert paraphrasing and referencing.
|· Scholarly use of wide range of relevant sources
· Good application of paraphrasing and referencing.
|· Wide use of mostly relevant reference sources
· Reasonable application of referencing.
|· Limited use of relevant references sources
· Some inaccuracies in references and in-text citations.
|· Limited research or poorly researched
· Considerable inaccuracies in references and in-text citations.