Business Economics (BUSS 1005) – Spring 20 – CW1 – QP
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Module Learning Outcomes
The following LOs are achieved by the student by completing the assignment successfully
1) Describe the structure of business environment and know all its elements.
2) Investigate and explain various market conditions using theoretical concepts.
Instructions to Student
• Answer all questions in Section A and any two Questions in Section B .
The brief report (Section A) has 45 marks and (Section B) has 50 marks with 2
questions to be selected out of the three questions. Introduction and structure and
format of the report carry 5 marks.
• Deadline of submission: 2/06/2020 23:59
• The marks received on the assignment will be scaled down to the actual weightage
of the assignment which is 50 marks
• Formative feedback on the complete assignment draft will be provided if the draft is
submitted at least 10 days before the final submission date.
• Place of Submission: Soft copy to be submitted through Moodle via Turnitin
• Feedback after final evaluation will be provided by 16/06/2020
NB :General overview of proposed plan shall include initial understanding of solution to the task
shall be shared in CAW Instructor /Respective Instructor for formative for formative feedback.
This will reflect :
o An understanding of respective tasks
o Timeline for completion of the given tasks.
| ` | |
| IN SEMESTER INDIVIDUAL ASSIGNMENT | |
| Module Code: BUSS 1005 | Module Name: Business Economics |
| Level: 5 | Max. Marks: 100 |
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SECTION A :
Question .1 Activity
Prepare a brief report of based on a study of secondary data sources of information of an
organisation producing goods or offering services in Oman. This report should shall assess the
impact of Market structure and competitive factors on the organisation/industry-sector and
evaluate the organisation /industry-sector responses. (In the case of a large organisation or
industry-sector it is permissible to confine your report to part of the organisation or industrysector.)
Task
Select an organization operating in Oman and provide following discussions regarding the
market conditions :-
(i) A brief profile of the organization with description on the types of products and services
offered by the selected organization, the market structure as well as any two competitors.
(ii) Discuss any three factors affecting both demand and supply of the selected
organization.
(iii) Using the example of a monopolistic competition market player , highlight how it
competes with other organizations to increase its market share.
SECTION B: Answer any Two questions
Question.2.
Explain the various types of price elasticity of demand with suitable diagrams
and examples where each of the aspects are applicable.
(25 marks)
Question. 3.
Critically evaluate monopoly and perfect competition, highlighting the merits and
demerits of both market structures. Evaluate the contribution of each of these
structures in the efficient allocation of resources.
(25 marks)
Business Economics (BUSS 1005) – Spring 20 – CW1 – QP
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Question.4.
Discuss a mixed economic system , highlighting its advantages and disadvantages as
well as the contribution of this system in respect to social welfare in the Oman context.
(25 marks)
(100 Marks)
Rules & Regulations:
• All resources should be cited using CU Harvard style.
• The final assignment must have a Title page, Table of Contents, References/ bibliography using
CU Harvard Style and page numbers.
• Title Page must have Assignment Name, Module name, Session, your name, ID, and the name of
the faculty.
• Softcopy in word format is to be submitted through Turnitin link on Moodle.
• Viva will be conducted after the assignment submission as per the dates informed earlier.
Guidelines:
• Assignment must be computer typed.
➢ Font – Times New Roman
➢ Font – Style – Regular
➢ Font – Size – 12
➢ Heading should be with Font Size 14, Bold, Capital and Underline.
➢ Number of words between 1200 -1500 words
• Explain with suitable diagrams wherever required. Diagrams must be drawn using suitable
software or by pencil.
• Each student has to do the assignment individually / Students have to do the assignment
collaboratively and each student should write a brief reflection on their contribution and learnings
from group work.
• You can refer books in eLibrary or use internet resource. But you should not cut and paste material
from internet nor provide photocopied material from books. The assignment answers should be
in your own words after understanding the matter from the above resources.
Important Policies to be followed
1. Student Academic Integrity Policy*:
MEC upholds the spirit of academic integrity in all forms of academic work and any form of violation
of academic integrity shall invite severe penalty. Any benefit obtained by indulging in the act of
violation of academic integrity shall be cancelled.
All cases of violation of academic integrity on the part of the student shall fall under any of the below
mentioned categories:
Business Economics (BUSS 1005) – Spring 20 – CW1 – QP
MEC_AMO_TEM_035_01 Page 4 of 9
1. Plagiarism
2. Malpractice
3. Ghost Writing
4. Collusion
5. Other cases
If the student fails a module and has a proven case of academic integrity violation in this module, the
student is required to re-register the module. This is applicable to first and second offenders of
plagiarism.
1. Plagiarism
A. First offence of plagiarism
I. If a student is caught first time in an act of plagiarism during his/her course of study in
any assignment other than project work, the student will be allowed to re-submit the
assignment once, within a maximum period of one week. However, a penalty of
deduction of 25% of the marks obtained for the resubmitted work will be imposed.
| II. | Period of re-submission: The student will have to re-submit the work one week from the date he or she is advised to re-submit. If the re-submitted work is also found to be plagiarized, then that assessment will be |
| III. |
awarded a zero mark. Re-submission of the work beyond the maximum period of one
week will not be accepted and the assessment will be awarded a zero mark.
B. Second offence of plagiarism
If any student is caught second time in an act of plagiarism during his/her course of study (in a
subsequent semester), the student will directly be awarded zero for the work in which plagiarism
is detected. In such cases, the student will not be allowed to resubmit the work. A warning of
suspension shall be issued, and student has to sign an undertaking and undergo counselling
session in such cases.
2. Malpractice/Ghostwriting/Collusion
A. First offence of Malpractice/Ghostwriting/Collusion
If a student is caught in an act of Malpractice/Ghostwriting/Collusion for an assessment
component irrespective of coursework or end semester, the student shall fail the module
and shall be required to re-register the module
B. Second Offence of Malpractice/Ghostwriting/Collusion
If a student is caught a second time in an act of Malpractice/Ghostwriting/Collusion for
an assessment component irrespective of coursework or end semester, the student
shall fail the module. A warning of suspension shall be issued, and student has to sign
an undertaking and undergo counselling session in such cases.
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3. Third Offence of Academic Integrity Violation
If a student is caught a third time in an act of Academic Integrity Violation for an assessment
component irrespective of coursework or end semester (in a subsequent semester), the student
shall fail the module and also shall be suspended for one semester from the College, as
recommended by institutional level academic committee, Chaired by the Associate Dean, Academic
Affairs.
4. Fourth Offence of Academic Integrity Violation:
If a student is caught a fourth time in an act of Academic Integrity Violation for an assessment
component irrespective of coursework or end semester (in a subsequent semester), the student shall
fail the module and also shall be expelled from the College, as recommended by institutional level
academic committee, Chaired by the Associate Dean, Academic Affairs.
5. Other cases
If a student commits an act of academic integrity violation as per the definition of “other cases”
mentioned in the previous section or of a different nature, student’s case shall be forwarded to an
institutional level academic committee, Chaired by the Associate Dean, Academic Affairs. The
committee shall investigate the case by means of a viva and/or a disciplinary hearing and shall take
appropriate decision. The penalty that can be granted to a proven case of academic integrity violation
which falls in this category of “other cases” can be a warning/component zero/ module
fail/suspension/expulsion depending on the nature and gravity of the offence.
6. Types/Variations of Cases:
| I. | If plagiarism is detected in any component of one assessment, the deduction in marks will be applicable for the whole assessment, even if only the component or part submission alone needs to be resubmitted. If plagiarism is detected in a group assessment, all students of the group will be considered as having committed an act of plagiarism and the policy will then be applied to all students If plagiarism is detected in any component of a group assessment, the deduction in marks will be |
| II. | |
| III. |
applicable for the whole assessment even if only the component or part submission alone needs
to be resubmitted.
All students of the group would be considered as having committed an act of plagiarism and the
policy will then be applied to all the students of the group.
| IV. | If the assessment consists of components or part submissions that could be a group assessment component (e.g. group assignment) and an individual assessment component (e.g. individual reflection), the following will be applicable: |
| a. | If plagiarism is detected in the group assessment component, all students of the group |
will be considered as having committed an act of plagiarism, The policy will then be
applied to all students of the group. Group assessment component will be resubmitted
as per the policy.
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b. If plagiarism is detected in the individual assessment component, the individual
assessment component will be resubmitted and the policy will then be applied to that
student alone.
c. For both (a) and/or (b), the deduction in marks will be applicable for the whole
assessment.
* for further details Refer to MEC Student Academic Integrity Policy in Student Handbook.
2. Late Submission Regulations:
It is the students’ responsibility to check all relevant timelines related to assessments.
As per the Assessment Policy at MEC, late submissions are allowed for one week (5 working days)
for all UG modules with a penalty. In such cases, a deduction of 5% of the marks obtained for the
submitted work shall be imposed for each working day following the last date of submission
till the date of actual submission. Assessment documents submitted beyond a period of one
week (5 working days) after the last date of submission will not be accepted and will be awarded
a zero for that assessment. In cases where the submission has been delayed due to extenuating
circumstances, the student may be permitted to submit the work without imposing the late
submission policy stated above. The extended period of submission will be one week from the
original last date of submission. In such cases, the student is expected to submit the supporting
certificates on or before the original last date of submission of the assessment and the decision
of extension rests with faculty responsible for the assessment .The late submission policy shall be
applied if the student fails to submit the work within one week of the original last date of
submission.
Students may contact their teachers for clarification on specific details of the submission time if
required.
3. Research Ethics and Biosafety Policy
To protect and respect the rights, dignity, health, safety, and privacy of research subjects involved
including the welfare of animals and the integrity of environment, all student projects are
expected to be undertaken as per the MEC Research Ethics and Biosafety Policy. Accordingly the
following shall apply.
• Research and other enterprise activities shall be conducted by maintaining the high ethical
standards consistent with national and international standards and conventions.
• Any research at MEC that is categorized as high-risk research shall be subject to review and
approval by the Research Ethics and Biosafety Committee.
• Research activities involving collection of human or animal tissues and manipulation of microbial,
animal or plant cells shall be subject to review and approval by the Research Ethics and Biosafety
Committee.
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• Participants involved in research must be informed about the purpose of research and intended
uses of research findings. Written consent must be obtained from people involved prior to the
commencement of research.
• Data obtained from participants must be treated with high confidence and should be used only
for the intended purpose of research.
The following evaluation criteria shall be applicable:
| Evaluation Criteria | Marks Allotted |
| Proposal & Introduction Brief description about the objectives of the assignment and structure of the report. |
5 |
| Section A :-Q.1 (a)General profile of the organization with description on the types of products and services, market structure as well as competitors. |
10 |
| (b) Discuss any three factors affecting both the demand and supply of the organization. |
18 |
| (c ) Tactics used by a monopolistic competitor remain competitive in a monopolistic market ? |
12 |
| SECTION B | |
| Q.2. Explanation of types of price elasticity of demand with suitable diagrams and examples where each of the aspects are applicable . |
25marks for any 2 questions. |
| Q.3. Critically evaluate the market structure of a monopoly and a perfect competition and the merits and demerits of both structures. Evaluate how each of the systems contributes to an efficient allocation of resources. |
Business Economics (BUSS 1005) – Spring 20 – CW1 – QP
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| Q.4. Discussion of a mixed economic system , highlighting its advantages and disadvantages as well as its contribution in respect to social welfare in the Oman context. |
(50 marks ) (Format 5 marks ) |
| Conclusion Revealing main findings and challenges faced during the assignment |
|
| Referencing (Coventry Harvard Style) and Formatting | |
| 100 |
Assessment Evaluation Criteria
| Classification And % Range <to be given as per requirement> |
Reflection and critical analysis. |
Knowledge and Understanding/ Application of Theory |
Evidence of Reading | Referencing and Bibliography |
Presentation, Grammar and Spelling |
| Outstanding 90-100 |
Highly competent analytical skills and reflective practice, demonstrating personal learning and growth, insight into required professional values and principles and professional development planning. |
Extensive knowledge and depth of understanding of principles and concepts and /or outstanding application of theory in practice. |
Evidence of reading an extensive range of educational literature/research and where applicable workplace strategies, policies and procedures. |
Accurate referencing and bibliography correctly using appropriate referencing style |
Excellent presentation, logically structured, using correct grammar and spelling, excellent cross referencing and links to supporting evidence |
| Excellent 80-89 |
Strong analytical skills and reflective practice used, demonstrating personal learning and growth, insight into required professional values, principles and competencies and professional development planning. |
Excellent knowledge and understanding of principles and concepts and /or excellent knowledge and understanding of the application of theory in practice |
Evidence of reading a wide range of educational literature/research and where applicable, workplace strategies, policies and procedures. |
Appropriate referencing and bibliography correctly using appropriate referencing style |
Good presentation, competently structured, using correct grammar and spelling, clear and easy to use links to supporting evidence |
| Very Good Quality 70-79 |
Good use of analytical skills and reflective practice demonstrating personal learning and growth, insight into required professional values, principles and competencies and professional development planning. |
Good knowledge or key principles and concepts and/or good knowledge of the application of theory in practice |
Evidence of reading a good range of educational literature/research and where applicable workplace strategies, policies and procedures. |
Generally well referenced with correct use of the appropriate referencing style |
Reasonable presentation, completely structured, acceptable grammar and spelling, acceptable links to supporting evidence |
| Good (Acceptable) 60-69 |
Acceptable use of analytical skills and reflective practice demonstrating personal learning and growth, insight into required professional values, principles and competencies and professional development planning. |
Acceptable knowledge of key principles and concepts and/or knowledge of the application of theory in practice |
Evidence of reading an appropriate range of educational literature/research and where applicable, relevant workplace policies and procedures |
Adequate referencing. Generally accurate use of appropriate referencing style |
Adequate presentation and structure, acceptable grammar and spelling, adequate links to supporting evidence |
| Adequate/ Satisfactory 40-59 |
Adequate use of analytical skills and reflective practice demonstrating personal learning and growth, insight into required |
Adequate knowledge of key principles and concepts and/or satisfactory evidence of the application of theory in practice. |
Evidence of minimal reading of educational literature/research and where applicable relevant |
Adequate referencing. Appropriate referencing style used but may contain some inaccuracies. |
Weak presentation , satisfactory structure, grammar and spelling, links to supporting evidence |
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| professional values, principles and competencies and professional development planning. |
workplace policies and procedures |
||||
| Weak /Poor (all learning outcomes not adequately met) (0-39) |
Little use of analytical skills and reflective practice demonstrating personal learning and growth, insight into required competencies and/or professional development planning. Professional values and principles not reflected in the submission. and/or Insufficient/no use of analytical skills and reflective practice demonstrating personal learning and growth, insight into required competencies and professional development planning |
Little evidence of knowledge of key principles or concepts and/or little evidence of the application of theory in practice and/or No evidence of knowledge of key principles or concepts and/or no evidence of application of theory in practice |
Little or no evidence of reading outside of the course textbook and/or reference to relevant work place policies and procedures and/or No evidence of reading outside of the course textbook and/or reference to relevant workplace policies and procedures |
Little or no referencing, incorrect style, or very inaccurate use of appropriate referencing style |
Poor presentation, grammar and spelling, links to supporting evidence and/or Unacceptable presentation, grammar and spelling, structure is very poor, links to supporting evidence |
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