BB106 T1 2021
Assessment Details and Submission Guidelines
Formative Assessment
School
School of Business
Course Name
Bachelor of Business
Unit Code
BB106
Unit Title
Principles of Economics
Trimeste
T1 2021
Assessment Autho
Pu Chen
Assessment Type
Individual
Assessment Title
Formative
Unit Learning Outcomes Addressed:
a. Demonstrate their understanding of fundamental problem of scarcity facing in an economy.
Weighting
5%
Total Marks
5
Word Limit
Max. 500
Release Date
Week 2
Due Date
Week 3
Submission Guidelines
· All work must be submitted on Moodle by the due date (as above) along with a completed Assignment Cover Page.
· The assignment must be in MS Word format, 1.5 spacing, 11-pt Cali
i (Body) font and 2 cm margins on all four sides of your page with appropriate section headings.
· Reference sources must be cited in the text of the Assessment Task, and listed appropriately at the end in a Reference List using APA 6th edition for the School of Business. https:
li
ary.mit.edu.au
eferencing/APA
Extension / Special Consideration
If an extension of time to submit work is required, an Application for Special Consideration and supporting documentation must be submitted online via your Academic Management System (AMS) login: https:
online.mit.edu.au/ams.
The Application for Special consideration must be submitted no later than three (3) working days after the due date of the specific piece of assessment or the examination for which you are seeking Special Consideration. In the case of serious illness, loss or bereavement, hardship or trauma students may be granted special consideration.
Academic Misconduct
Academic Misconduct is a serious offence. Depending on the seriousness of the case, penalties can vary from a written warning or zero marks to exclusion from the course or rescinding the degree. Students should make themselves familiar with the full policy and procedure available at: https:
www.mit.edu.au/about-mit/institute-publications/policies-procedures-and-guidelines/AcademicIntegrityPolicyAndProcedure. For further information, please refer to the Academic Integrity Section in your Unit Description.
Assessment Task Description
Task 1 (ca. 300 words)
Write a short essay in which you provide a definition of economics as a scientific discipline, in particular, you should define the object of the study as well as the methodology applied in the study. Please, use a real-world example to explain your definition of economics.
Task 2 (ca. 300 words)
Draw two demand and supply diagrams showing an increase in demand and an increase in quantity demanded respectively. For each of the diagrams provide possible causes leading to the increases using examples. (Hand-drawings are not accepted.)
You are required to use at least one academic reference for the two tasks. Both the in-text referencing and the reference list should be in APA style.
This assessment must be written in your own words and submitted through Turnitin on BB106 moodle site. The similarity of your assessment file must be below 2%.
Marking guide:
Assessment criteria are shown in the following table. Marks are allocated as follows:
Assessment criteria to be met and assessed
Detailed Description of the Assessment Criteria
Breakdown Marks
Task 1
Definition, example(s)
3
Task 2
Co
ectness, completeness of the diagrams, and examples
2
Total
5
Using Technology for Assessment
Rationale
Activities
Technological tools selected
eflection the basic idea in economics
Create demand and supply diagram
Drawing diagrams in word processing software
© MIT March, 2021 T1 2021
Lasted Updated: March, 2021