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ASSESSMENT BRIEF
Subject Code and
Title
ECON6001 Economic Principles
Assessment Case Study (Research Based)
Individual/Group Group (3 students)
Length XXXXXXXXXXWords (+/-10%)
Learning Outcomes a) Analyse, individually and in teams the role of fundamental
micro- and macroeconomic principles in business decision-making.
d) Critically evaluate the applicability of various theories to
economic policies and business decision making related problems.
e) Critically evaluate the role and impact of various forms of
government intervention in the economy including business
implications.
f) Communicate complex economic concepts to business
professionals.
Submission
End of Week 10/ Module XXXXXXXXXX55pm Sunday)
Weighting 30%
Total Marks 100 marks
Submission Instructions:
This assignment must adhere to the following:
1. This assessment must be prepared and submitted as a group of 3 individuals.
2. The assessment is to be prepared in the format of a Business Report. Please ensure that the
eport format is adhered to as strictly as possible. Marks will be lost if any other format is used.
3. Submit as a Word or Pdf document. The assessment has to be properly referenced using the APA
eferencing style. Please note, Wikipedia or Investopedia are not acceptable academic sources.
Reference list, appendices and calculations are not included in the word count.
4. Include the peer review justifying allocation of marks to each group member by remaining
members of the group.
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XXXXXXXXXXContext:
Assignment 3 assesses students’ understanding of the concept of market failure and allows them to
critically evaluate the involvement of the public sector in minimising the adverse effects of market
failure to society.
Instructions:
In groups of 3 students you are expected to prepare a 2000 words Research Report which addresses
the following:
Select a pair from the following countries that have adopted inflation targeting as a monetary policy
tool.
Pair 1 Canada Australia
Pair 2 New Zealand Norway
Pair 3 Sweden United Kingdom
Pair 4 Indonesia Thailand
Pair 5 Botswana Iceland
(a) Critically evaluate how this policy has been successful in ensuring the economies attain
stable price stability, steady economic growth and reduced unemployment rate since
adoption. Your discussion should include a comparative analysis of the two countries and
you must make a judgement on which of the two countries has achieved better outcomes
using inflation targeting. (800 words) (25%).
(b) Of the less successful country, provide an explanation of what could have impeded policy
implementation XXXXXXXXXXwords) (10%).
(c) Using the same two countries selected, critically evaluate how they have utilised fiscal policy
during the global financial crisis of 2008/ XXXXXXXXXXwords) (15%).
(d) Justifying with evidence (qualitative and quantitative), which of the two countries was more
successful in minimising the potential negative effects of the recession? (300 words) (5%)
In addition to the above, you will also be assessed on the following: (see marking Ru
ic at
the end for more description of expectation).
(e) Context and Purpose (5%)
(f) Critical reasoning, presentation and defence of an argument and/or position (10%)
(g) Analysis and Application with synthesis of new knowledge (15%)
(h) Use of academic conventions and sources of evidence (5%)
(i) Effective communication (5%)
(j) Peer Review (5%)
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XXXXXXXXXXLearning Ru
ics
Assessment Attributes Fail (Unacceptable)
Pass
(Functional)
Credit
(Proficient)
Distinction
(Advanced)
High Distinction
(Exceptional)
Grade Description
(Grading Scheme)
Students expected to
produce a well-
structured report
showing knowledge,
critical reasoning and
professionalism
expected of
postgraduate students
Evidence of unsatisfactory achievement of
one or more of the learning objectives of
the course, insufficient understanding of
the course content and/or unsatisfactory
level of skill development.
Evidence of satisfactory
achievement of course
learning objectives, the
development of relevant
skills to a competent
level, and adequate
interpretation and critical
analysis skills.
Evidence of a good level
of understanding,
knowledge and skill
development in relation
to the content of the
course or work of a
superior quality on the
majority of the learning
objectives of the course.
Demonstration of a high
level of interpretation
and critical analysis skills.
Evidence of a high
level of achievement
of the learning
objectives of the
course
demonstrated in
such areas as
interpretation and
critical analysis,
logical argument,
use of methodology
and communication
skills.
Evidence of an
exceptional level of
achievement of learning
objectives across the
entire content of the
course demonstrated in
such areas as
interpretation and
critical analysis, logical
argument, creativity,
originality, use of
methodology and
communication skills.
Context and Purpose
Students should show an
understanding of the
essence of the
assignment, the central
idea(s) to be addressed
and pitch the report
accordingly.
5
Does not meet minimum standard
Demonstrates no awareness of context
and/or purpose of the assignment.
0-2.49
Meets minimum
standard
Demonstrates limited
awareness of context
and/or purpose of the
assignment
XXXXXXXXXX
Moves beyond minimum
standard
Demonstrates consistent
awareness of context
and/or purpose of the
assignment.
XXXXXXXXXX
Exceeds minimum
standard
Demonstrates an
advanced and
integrated
understanding of
context and/or
purpose of the
assignment.
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Exceeds minimum
standard and exhibits
high levels of
independence
Consistently
demonstrates a
systematic and critical
understanding of
context and purpose of
the assignment.
4.25-5
http:
www.tua.edu.au/media/50742/a240_grading-scheme.pdf
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Knowledge and
understanding
The students should
display an
understanding of
monetary policy, fiscal
policy, inflation
targeting and
macroeconomic
variables such as GDP,
inflation and
unemployment. Search
for country specific
statistics and
information important
to obtain.
55
Limited understanding of required
concepts and knowledge
Key components of the assignment are
not addressed.
0-27.49
Knowledge or
understanding of the
field or discipline.
Resembles a recall or
summary of key ideas.
Often conflates/confuses
assertion of personal
opinion with information
substantiated by
evidence from the
esearch/course
materials.
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Thorough knowledge or
understanding of the
field or discipline/s.
Supports personal
opinion and information
substantiated by
evidence from the
esearch/course
materials.
Demonstrates a capacity
to explain and apply
elevant concepts.
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Highly developed
understanding of the
field or discipline/s.
Discriminates
etween assertion of
personal opinion and
information
substantiated by
obust evidence
from the
esearch/course
materials and
extended reading.
Well demonstrated
capacity to explain
and apply relevant
concepts.
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A sophisticated
understanding of the
field or discipline/s.
Systematically and
critically discriminates
etween assertion of
personal opinion and
information
substantiated by robust
evidence from the
esearch/course
materials and extended
eading.
Mastery of concepts
and application to new
situations/further
learning.
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Critical reasoning,
presentation and
defence of an
argument and/or
position
It is important to be
able to justify position
taken. Backing up with
academic literature and
Specific position (perspective or
argument) fails to take into account the
complexities of the issue(s) or scope of the
assignment.
Makes assertions that are not justified.
Specific position
(perspective or
argument) begins to take
into account the issue(s)
or scope of the
assignment.
Justifies any conclusions
eached with arguments
not merely assertion.
Specific position
(perspective or
argument) takes into
account the complexities
of the issue(s) or scope of
the assignment. Others’
points of view are
acknowledged.
Justifies any conclusions
eached with well-
Specific position
(perspective or
argument) is
expertly presented
and accurately takes
into account the
complexities of the
issue(s) and scope of
the assignment.
Specific position
(perspective or
argument) is presented
expertly, authoritatively
and imaginatively,
accurately taking into
account the
complexities of the
issue(s) and scope of
the assignment. Limits
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other authentic
eferences is important.
Check what experts
such as economists say
about the countries
selected. It is not about
expressing personal
opinions.
10