ECON6000_Assessment_2_Brief_individual_due at the end of Week 10 Page 1 of 5
| ASSESSMENT 2 BRIEF | |
| Subject Code and Title | ECON6000 Economic Principles and Decision Making |
| Assessment | Assessment 2: Case Study-Macroeconomic analysis |
| Individual/Group | Individual |
| Length | Max 2500 words |
| Learning Outcomes | 1. Successfully prepare a report after a careful research and analysis of the economic situation presented. Use of relevant macroeconomic concepts, statistical information will be handy to explain your findings |
| Submission | End of Week 10 (Module 5) – Sunday 11:59pm |
| Weighting | 40% |
| Total Marks | 40 marks |
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Context
Your topic will be an ongoing issue that affects the Australian economy from a Macroeconomic perspective. You are required to identify,
discuss and analyse the core macroeconomic contents and write a report covering all the relevant concepts discussed in class. Your focus
will purely touch the macroeconomic environment to address the issue. The maximum length of your report is 2500 words. Your report
should have sound academic references (minimum 6 references); your references cannot be from blogs. The purpose of this assignment
is to test
• your understanding of the basic and core Macroeconomic concepts besides,
• your ability to analyse and apply the core concepts to the current issues affecting the Australian economy from a Macroeconomic
perspective
• your ability to use relevant theories and diagrams to support your answer
Referencing
It is essential that you use appropriate APA style for citing and referencing research. Please see more information on referencing here.
http://library.laureate.net.au/research_skills/referencing
Submission Instructions
Write instructions explaining where students will submit assessment in the LMS portal
• e.g. Submit digital presentation slides/notes via the Assessment link in the main navigation menu in SUBJECT CODE: Subject name. The
Learning Facilitator will provide feedback via the Grade Centre in the LMS portal. Feedback can be viewed in My Grades.
Below is a guide to constructing rubrics. Please adapt appropriately and adjust the criteria you use to assess.
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Assessment Rubric
| Assessment Attributes |
Fail (Yet to achieve minimum standard) 0-49% |
Pass (Functional) 50-64% |
Credit (Proficient) 65-74% |
Distinction (Advanced) 75-84% |
High Distinction (Exceptional) 85-100% |
| Knowledge and understanding of the core areas of Macroeconomics (30%) |
No or limited understanding and knowledge of the core concepts; key areas not addressed; Limited or no evidence of research |
Fair understanding and knowledge of the core Macroeconomic concepts; Fair assertion of personal opinion with information substantiated by evidence. |
Good knowledge or understanding of the required concepts and knowledge of key areas Good assertion of personal opinion supported by evidences through research |
Highly developed understanding and knowledge of the field. Very good assertion of personal opinion; information well supported by research and evidence; good reading |
A sophisticated understanding of the discipline with sound assertion of personal opinion and information well supported by research and good reading. |
| Critical reasoning, defense of argument and clear display of understanding of relevant macroeconomic concepts (25%) |
Very Limited application of core concepts; poor critical reasoning and defense. Fails to take into account the complexities of the issue(s) with relevance to the scope of the assignment. Displays very limited knowledge of macroeconomic concepts and poor presentation and defence of arguments. |
Fair explanation of the core concepts with fair critical reasoning and defense of arguments. Takes into account the complexities of the issues with relevance to the scope of the assignment. Displays fair knowledge of macroeconomic concepts; fair presentation and defence of arguments |
Fluent explanation with good use of the critical reasoning and defense of argument; Good knowledge of macroeconomic concepts covered in this unit besides fairly sound presentation and display of arguments |
Sound use of critical reasoning to enhance the quality of the answers. Displays a clear application of core concepts; Sound knowledge of macroeconomic concepts besides sound display of arguments, understanding |
Uses critical reasoning eloquently to display excellent application of the core concepts practically. . Exemplary understanding of complexities with relevance to the assignment. Excellent knowledge of macroeconomic concepts besides display of arguments |
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| Analysis and Application (25%) |
Limited synthesis and analysis and very limited application/recommen dations based upon analysis. |
Demonstrates fair analysis and synthesis of new knowledge. Shows the ability to interpret relevant information |
Well-developed analysis and synthesis of new knowledge. Sound application of recommendations linked to analysis/synthesis. |
Thoroughly developed analysis and synthesis of new knowledge. Sound recommendations linked to analysis/synthesis |
Highly sophisticated and creative analysis, synthesis of new with existing knowledge. Recommendations are clearly justified with application of knowledge |
| Quality of the answers with application of new Macroeconomic concepts (10%) |
Poor assignment; limited application of new knowledge related to macroeconomic concepts |
Just a fair assignment; fair application of new knowledge related to the macroeconomic concepts. |
Good assignment; good display of application of new knowledge related to the macroeconomic concepts |
Very good overall; sound display of application of new knowledge related to macroeconomic concepts |
Excellent display of application of new knowledge related to macroeconomic concepts |
| Managing Time and purpose of the assessment (10%) |
Poor time management with delay in submission of the assignment; poor understanding of the purpose of this assessment |
Barely able to manage time with minimal information from scholarly sources; limited understanding of the purpose of this assessment |
Good time management with good information from scholarly sources. Good understanding of the purpose of this assessment |
Sound time management with proficient level of information from scholarly sources. Proficient understanding of the purpose of this assessment |
Excellent time management, understanding of the purpose and a timely submission of the assignment accompanied by excellent research from scholarly source |
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| The following Subject Learning Outcomes are addressed in this assessment | |
| SLO A) | Interpret and successfully apply the economic concepts |
| SLO D) | Impact of various forms of government intervention in the economy including the implications of competition and deregulation policy for managerial practices. |
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