Requirements for the report: 1. Select an economy from a list that will be presented in Workshop 3. 2. Describe the current situation and recent performance of that economy and compare this performance with that of the paired economy. Areas covered should include the level and growth rate of total and per capita GDP, the relative importance of majo

Requirements for the report: 1. Select an economy from a list that will be presented in Workshop 3. 2. Describe the current situation and recent performance of that economy and compare this performance with that of the paired economy. Areas covered should include the level and growth rate of total and per capita GDP, the relative importance of major sectors of production (agriculture & mining, industry and services), the allocation of labour among sectors and the levels of labour productivity in these sectors, the rate of unemployment, the rate of inflation, the trade balance and the distribution of income. (200 words, 3 marks). 3. Identify two major economic problems and allocate these between the two team members. Each student will explain their problem and present possible solutions to it. (500 words, 6 marks) 4. Write a conclusion, focusing on the overall state of the economy, the magnitude of the problems facing it and the prospects for these being solved (100 words). Requirements for the portfolio: 1. Work on questions and exercises in class as requested. The focus is on expressing an attitude toward the specified activities that is positive and supportive of the efforts of other students. 2. Collect one double-sided worksheet at the beginning of class or when you enter the classroom. Write down your answers to questions and workings/solutions to problems as they occur in the classroom sessions. 3. Hand your worksheet to the lecturer at the end of class or when you leave the classroom if you cannot stay for the whole session. Economics for Management / BUS1004/ACC103 Assessment Type: Group report Assessment Number: A3 Assessment Name: Analysis and evaluation of economic behaviour and policy Unit Learning Outcomes Assessed: LO1. Illustrate the workings of market economies and identify the reasons for and impacts of government intervention in economic activities. LO2. Discuss the differing goals and interests of individuals, businesses and governmental organisations. and identify how these affect decision-making. LO3. Analyse the structure of the real and financial economies and their implications for individuals, businesses and government organisations. LO4. Identify the effects that macroeconomic variables and policies have on organisations. Due Date and Time: Friday 28 September, 17:00 Weighting: 20% Assessment Description. Part 1: Group report (2 students) on (1) the state of a selected economy; (2.1) a major economic problem and possible solutions to this problem, (2.2) a second major economic problem and possible solutions to this second problem; and (3) a conclusion. The students will receive a common mark for the State of the Economy (1) and Conclusions (3) sections. Each student will take a separate problem/solutions (one student takes 2.1 and the other student takes 2.2). They will receive separate grades for this section. Part 2: Development of a portfolio of ongoing work to support the project. (10 marks) Students will complete a worksheet in class each week. Each student’s best five scores will be used to calculate their grade for this part. Detailed Submission Requirements The report is to be submitted through Moodle by the due date. Worksheets are to be handed to the lecturer at the end of each class. 4. All worksheets from Workshops 4-11 will be graded (maximum of 2 marks). Each student’s five best papers will be used to calculate their overall portfolio grade (so maximum of 10 marks for the portfolio). Assessment Section Requirements Weight 20% HIGH DISTINCTION 100-85% DISTINCTION 84-75% CREDIT 74-65% PASS 64-50% FAIL 49-0% Structure Mark Content Mark Format, Grammar, Presentation and Referencing TOTAL MARK Overall comments: