HC1072 Economics and International Trade
Assessment Details and Submission Guidelines
Trimester T1 2020
Unit Code HC1072
Unit Title Economics and International Trade
Assessment Type Individual Assignment
Assessment Title Economic Analysis of the Australian Market
Purpose of the
assessment (with ULO
To complete this assessment, students are required to:
1. Develop a
oad understanding of the principles of macro and
microeconomics in an economy.
2. Analyse economic environment nationally and internationally and its
influence on business and national economic performance.
3. Critically analyse government’s fiscal and monetary policy and their
influences on the economy and business in general.
4. Comprehend how economies benefit from international trade.
5. Synthesize theoretical and practical knowledge of economics for
application in work-life situations.
Weight 40 % of the total assessments
Total Marks 40
Word limit No more than specified in each section in the detailed task list
Due Date XXXXXXXXXXMicroeconomic Analysis 5pm Friday 22 May 2020, Week 8
Video Presentation 5pm Friday 05 June 2020, Week 10
Macroeconomic Analysis 5pm Friday 12 June, Week 11
• All work must be submitted on Blackboard by the due date along with a completed
Assignment Cover Page.
• The assignment must be in MS Word format, no spacing, 12-pt Arial font and 2 cm
margins on all four sides of your page with appropriate section headings and page
• Reference sources must be cited in the text of the report, and listed appropriately
at the end in a reference list using Harvard referencing style.
• Submitted work should be your original work showing your creativity. Please ensure
the self-check for plagiarism to be done before final submission in accordance with
SafeAssign Student Guide in Black Board. As a guide, a similarity score of over 20%
is considered as excessive except in the cases where the similarity is caused by the
use of template provided by the lecturer, references or sources of data. Please note
that it can take 48 hours for the self-check report to be available for your viewing.
• You are required to submit the assignment at HC1072
Assignment Information and Submission link on Black Board. There are 3 separate
links for your 3 tasks. Always keep an electronic copy until you have received the
final grade for the Unit. Please make sure that you submit the co
ect file. Any
appeal relating to submitting wrong files after the deadline will not be
The assignment task is a written analysis of any published article regarding the Australian Market
(newspaper, magazine or website) from 01 Jan 2020 and onwards. Your task is not to research and
provide data. You are instead ask to analyse an event using your knowledge of economic principles.
HA1022 Principles of Financial Management Group Assignment XXXXXXXXXXPage 2 of 7
You will be required to apply the economic concepts you have learned in class to interpret events
eported in your article.
Task 1: Choose your article. The first come, first served rule will apply. No two persons can use the
same article for the assignment. Register your article by sending an email to XXXXXXXXXX.
Your email should state:
a) HC1072 Individual Assignment by Name, Student ID
) Article Name/Title
c) Date Published and Autho
A response will be sent. It will indicate, APPROVED or NOT APPROVED. Do not start your work unless
you have the email response.
Task 2: Ensure that a full printed copy of your article is saved as part of the Appendix of your paper.
Deductions will be applied if the printed copy is not provided.
Task 3: Microeconomic Analysis (Part 1) – for submission on Week
In this part of your assessment, you will analyse the event reported in your chosen article based on
microeconomic concepts learned in class. Ensure that you have the full print out of the article in the
Appendix of your paper.
Task 4: Individual Video Presentation (Part 2) – for submission on Week
In this part of your assessment, you will summarise in a video, all your findings from your analysis.
This applies for both microeconomics and macroeconomics. You can still finalise your written paper
afterwards but here you will ve
ally report your findings. Your video should be for a minimum of 8
minutes and maximum 15 min. You will be required to show your face in some part of the video.
Please state your full name and student ID clearly at the start of the video. Voice over is allowed with
powerpoint slides. But remember, we will match your voice and photo for identity checks.
Task 5: Macroeconomic Analysis (Part 3) – for submission on Week
This is your final paper and should include both Microeconomic (Part 1) and Macroeconomic Analysis
(Part 2) and the full print out of the article in your appendix.
Refer to the below table for the specific task details and some guide questions for your analysis.
Assignment Structure should be as the following:
Requirement/s and Guide Questions
Event/Product/Company Description (2 marks, up to 250 words)
a) Elaborate on the event being reported in your chosen article. Why did you choose to
analyse this event?
) What are the products and services being sold? What is the significance to the
Australian Economy of the product/service?
c) Who are the parties involved? Identify who is the supplier and who is the consumer
in the event.
Microeconomic Analysis (Part 1)
Demand and Supply (5 marks, up to 600 words)
In this part of your paper, you are required to discuss the Demand and Supply interactions.
a) What are the Determinants of Market Demand for your chosen event? How do these
determinants affect Total Demand?
HA1022 Principles of Financial Management Group Assignment XXXXXXXXXXPage 3 of 7
) What are the Determinants of Market Supply for your chosen event? How do these
determinants affect Total Supply?
c) Who has power in the market? Analyse any shortage or surplus situation, if
d) Characterize the elasticity of the product being analysed. Who bears the cost of any
Industry Description and Market Structure Analysis (4 marks, up to 500 words)
a) Characterize the size of the industry and the level of competition.
) Identify the Market Structure in the industry. Discuss how market structure
influences the prices in the industry.
c) Identify the regulato
s of the industry. Comment on the extent of the regulator’s
power to ensure compliance within the industry.
d) Are there any industry groups that help regulate behaviour aside from regulators?
Externalities (3 marks, up to 250 words)
a) Aside from the initial buyer and seller that you have identified, are there any 3rd
parties affected by the economic event?
) Describe the impact to the 3rd party. Is it negative or positive?
c) What other actions or behaviour is triggered by the impact to the 3rd party? What
solutions are applied for the externalities you have identified?
Macroeconomic Analysis (Part 2)
GDP and Unemployment (4 marks, up to 500 words)
a) How much is the overall GDP contribution of the industry for the event reported in
your article? Which part of the GDP does the event affect (C, I, G or NX)? Explain the
expected effects on GDP (whether increase or decrease).
) Will the event increase or decrease unemployment? Discuss the impact on the
Fiscal Policy (3 marks, up to 250 words)
a) Describe the action taken.
) Is the policy expansionary or contractionary?
Monetary Policy (3 marks, up to 250 words)
a) Describe the action taken.
) Is the policy easy or tight?
Findings, Conclusion and Recommendations (4 marks, up to 500 words)
Based on a summary of your findings, comment on the economic health of the industry
(microeconomics) and the economy as a whole (macroeconomics). What further
ecommendations from regulators and industry experts can be applied to sustain the health
and development of the industry and the country? Do you agree with these
ecommendations? State why or why not.
Presentation of Paper (including Assignment Cover Page and Reference List) – 2 marks and
not included in word count
Marking criteria Weighting
Event Description 2
Microeconomic Analysis - Part 1
a) Demand and Supply (5)
) Market Structure (4)
HA1022 Principles of Financial Management Group Assignment XXXXXXXXXXPage 4 of 7
c) Externalities (3)
Macroeconomic Analysis – Part 2
a) GDP and Unemployment (4)
) Fiscal Policy (3)
c) Monetary Policy (3)
Findings, Conclusion and Recommendations 4
Presentation of Paper (including references) 2
Subtotal (Paper) 30
Video presentation – Summary of Findings 10
Example for Students: Note that the example provided is in draft form. Bullet points indicate the topics that
need to be elaborated on. You will need to write paragraphs. This is a structure for an analysis.
Article : 2020 Olympics Delayed to 2021 (ensure to have a copy of full article in the appendix)
Publish Date: 15 April XXXXXXXXXXPublished In: Indicate the source
Event/Product/Company Description (2 marks, up to 250 words)
a) Elaborate on the event being reported in your chosen article. Why did you choose to analyse
• Olympics is a worldwide event that happens only every 4 years.
• I choose this event because I am interested to analyse why countries would spend
money and resources to hold such an event.
) What are the products and services being sold? What is the significance to the Australian
Economy of the product/service?
• Product/Service – Sports, Entertainment/Media, Travel, Hospitality
• Australia sets aside a significant budget for the development of athletes and