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Instructions:
HC1072 Economic Analysis of the Australian Market Essay
Unit Title Economics and International Trade
Assessment Title Economic Analysis of the Australian Market
To complete this assessment, students are required to:
Weight 40 % of the total assessments
Total Marks 40
Word limit No more than specified in each section in the detailed task list
Due Date Microeconomic Analysis 5pm Friday 22 May 2020, Week 8 Video Presentation 5pm Friday 05 June 2020, Week 10 Macroeconomic Analysis 5pm Friday 12 June, Week 11
Submission Guidelines
Assignment Specifications
Assignment Tasks The assignment task is a written analysis of any published article regarding the Australian Market (newspaper, magazine or website) from 01 Jan 2020 and onwards. Your task is not to research and provide data. You are instead ask to analyse an event using your knowledge of economic principles.
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You will be required to apply the economic concepts you have learned in class to interpret events reported in your article. Task 1: Choose your article. The first come, first served rule will apply. No two persons can use the same article for the assignment. Register your article by sending an email to kvega@holmes.edu.au. Your email should state:
A response will be sent. It will indicate, APPROVED or NOT APPROVED. Do not start your work unless you have the email response. Task 2: Ensure that a full printed copy of your article is saved as part of the Appendix of your paper. Deductions will be applied if the printed copy is not provided.
Task 3: Microeconomic Analysis (Part 1) – for submission on Week In this part of your assessment, you will analyse the event reported in your chosen article based on microeconomic concepts learned in class. Ensure that you have the full print out of the article in the Appendix of your paper.
Task 4: Individual Video Presentation (Part 2) – for submission on Week In this part of your assessment, you will summarise in a video, all your findings from your analys is. This applies for both microeconomics and macroeconomics.
You can still finalise your written paper afterwards but here you will verbally report your findings. Your video should be for a minimum of 8 minutes and maximum 15 min. You will be required to show your face in some part of the video. Please state your full name and student ID clearly at the start of the video. Voice over is allowed with powerpoint slides.
But remember, we will match your voice and photo for identity checks. Task 5: Macroeconomic Analysis (Part 3) – for submission on Week This is your final paper and should include both Microeconomic (Part 1) and Macroeconomic Analysis (Part 2) and the full print out of the article in your appendix. Refer to the below table for the specific task details and some guide questions for your analysis. Assignment Structure should be as the following:
Requirement/s and Guide Questions
Event/Product/Company Description (2 marks, up to 250 words) a) Elaborate on the event being reported in your chosen article. Why did you choose to analyse this event? b) What are the products and services being sold? What is the significance to the
Australian Economy of the product/service? c) Who are the parties involved? Identify who is the supplier and who is the consumer in the event.
Microeconomic Analysis (Part 1) Demand and Supply (5 marks, up to 600 words) In this part of your paper, you are required to discuss the Demand and Supply interactions.
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Industry Description and Market Structure Analysis (4 marks, up to 500 words) a) Characterize the size of the industry and the level of competition. b) Identify the Market Structure in the industry. Discuss how market structure
influences the prices in the industry. c) Identify the regulator/s of the industry. Comment on the extent of the regulator’s
power to ensure compliance within the industry. d) Are there any industry groups that help regulate behaviour aside from regulators?
Externalities (3 marks, up to 250 words) a) Aside from the initial buyer and seller that you have identified, are there any 3rd parties affected by the economic event? b) Describe the impact to the 3rd party. Is it negative or positive? c) What other actions or behaviour is triggered by the impact to the 3rd party? What solutions are applied for the externalities you have identified?
Macroeconomic Analysis (Part 2) GDP and Unemployment (4 marks, up to 500 words)
Fiscal Policy (3 marks, up to 250 words) a) Describe the action taken. b) Is the policy expansionary or contractionary?
Monetary Policy (3 marks, up to 250 words) a) Describe the action taken. b) Is the policy easy or tight?
Findings, Conclusion and Recommendations (4 marks, up to 500 words) Based on a summary of your findings, comment on the economic health of the industry (microeconomics) and the economy as a whole (macroeconomics).
What further recommendations from regulators and industry experts can be applied to sustain the health and development of the industry and the country? Do you agree with these recommendations? State why or why not.
Presentation of Paper (including Assignment Cover Page and Reference List) – 2 marks and not included in word count
Marking criteria
Marking criteria Weighting
Event Description 2
Microeconomic Analysis – Part 1 a) Demand and Supply (5) b) Market Structure (4)
12
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Macroeconomic Analysis – Part 2 a) GDP and Unemployment (4) b) Fiscal Policy (3) c) Monetary Policy (3)
10
Findings, Conclusion and Recommendations 4
Presentation of Paper (including references) 2
Subtotal (Paper) 30
Video presentation – Summary of Findings 10
Total 40
Example for Students: Note that the example provided is in draft form. Bullet points indicate the topics that need to be elaborated on. You will need to write paragraphs. This is a structure for an analysis.
Article : 2020 Olympics Delayed to 2021 (ensure to have a copy of full article in the appendix)
Publish Date: 15 April 2020 Published In: Indicate the source
MICROECONOMIC ANALYSIS
Event/Product/Company Description (2 marks, up to 250 words)
Microeconomic Analysis (Part 1)
Demand and Supply (5 marks, up to 600 words)
In this part of your paper, you are required to discuss the Demand and Supply interactions.
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Industry Description and Market Structure Analysis (4 marks, up to 500 words)
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Externalities (3 marks, up to 250 words)
Macroeconomic Analysis (Part 2) GDP and Unemployment (4 marks, up to 500 words)
Fiscal Policy (3 marks, up to 250 words) c) Describe the action taken.
Did the Japan government increase government spending or tax? In this section, answer which tool was employed.
Monetary Policy (3 marks, up to 250 words) c) Describe the action taken. Is the policy easy or tight?
In this section, check whether interest rates were adjusted by the Central Bank of Japan to finance the Olympics
HC1072 Economics and International Trade
HC1072 Economic Analysis of the Australian Market Essay
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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HC1072 Economic Analysis of the Australian Market Essay |
HC1072 Economic Analysis of the Australian Market Essay