Business Economics AAF045-6 Assignment number and title AS002 Individual report Assignment type WR-I Weighting of assignment 60% Size or length of assessment 3000 words (Excluding References) Unit learning outcomes 1. Demonstrate a deep and systematic understanding of the way an economic system is structured, the economic theoretical and methodological approaches and the outcome of their applications. 2. Develop critical responses to existing economic theoretical disclosures, the structure of our economy and the behaviour of economic entities, and be able to decompose economic models to critically apply them to real economic situations, evaluates their effectiveness. What am I required to do in this assignment? Instructions: You will investigate a real and current issue within the field of macroeconomics and must demonstrate that you can structure a study on a macroeconomics subject, identify information needs, draw from the body of existing knowledge on a particular subject, compare theory with practice, construct reasoned arguments supported by evidence, and make logical conclusions, all within a context of an individual written report, and strict deadlines. Topic: For this assessment, you are required to critically discuss the view that macroeconomic policies influence and contribute to the attainment of rapid, sustainable economic growth aimed at poverty reduction, by applying it in a country’s economy of your choice. What do I need to do to pass? (Threshold Expectations from UIF) In order to pass Assessment 2 you will need to: • Demonstrates knowledge of market structure in the macroeconomic field and awareness of current evidence and issues. • Research the relevant literature in order to identify patterns of different economic behaviour, compare the various points of view and develop own perspective. • Present evidence of economic behaviour in a clear and concise way How do I produce high quality work that merits a good grade? Assessment of a student’s work in a particular task is a judgement of the extent to which the student has attained the unit’s learning outcomes (ULO) covered by that task. To begin with understanding what the assigned question is about, is essential. Students need to demonstrate that understanding the course content, can expand upon their existing knowledge and go above and beyond the expected standard. In order to produce high quality work that merits a good grade, the students should clearly demonstrate a critical and sophisticated understanding of the topic, with a high degree of competence and have excellent usage of relevant literature, theory and methodology. How does this assignment relate to what we are doing in scheduled sessions? The assignment offers you the opportunity to further practice what you learn in the sessions, particularly, the material and class activities covered in weeks 2 and 4 about economic growth; macroeconomic objectives; macroeconomic policy and data; monetary and fiscal policies.(Please see study guide on BREO). How will my assignment be marked? Your assignment will be marked according to the threshold expectations and the criteria on the following page. You can use them to evaluate your own work and consider your grade before you submit. Category Pass – 40-49% Pass – 50-59% Commendation – 60-69% Distinction– 70%+ Introduction 15% Weak introduction of Macroeconomic policies and links with growth vs. poverty reduction. Paper’s purpose is unclear/structure is weak or missing. Basic introduction about macro policies vs. poverty reduction but lacks interest. Structure is somewhat clear and arguable. Proficient introduction about macro policies vs. poverty reduction and rational why the topic is interesting. Structure is clear and arguable statement of position. Exceptional introduction about Macroeconomic policies and links with growth vs. poverty reduction that grabs interest of reader and states topic. Structure is exceptionally clear, well-developed, and a definitive statement Literature Review 40% Information has little to do with Macro policies and/or poverty theory for the country chosen. Information has weak or no connection to the task References are not cited correctly. Information relates to Macro policies and/or poverty theory vs. economic growth and application in the country chosen, but few details and/or examples are given. Shows a limited variety of sources. References are not cited correctly Adequate information relates to economic growth and Macro policies and/or poverty theory for the country of choice. Paper, is well-researched in detail and from good sources. References are correctly cited Macroeconomic policies vs. growth and/or poverty theory for the country chosen is exceptionally researched, contains reviewed articles that relate to the argument in a logical manner. References are correctly cited Analysis & Discussion 20% Limited connections made between evidence and theory. Lack of analysis. Some connections made between evidence and theory. Some analysis. consistent connections made between evidence and theory Good analysis. Exceptionally critical, relevant and consistent connections made between evidence and theory. Excellent analysis. Conclusion 15% Lack of summary with no clear conclusion of the topic Basic summary of the topic with some final concluding ideas. Introduces no new information. Good summary of the topic with clear concluding ideas. Introduces no new information. Excellent summary of argument with concluding ideas that impact reader. Introduces new information. Referencing and Citation 10% Errors in Harvard Style detract substantially from the paper. Reference and citation errors detract significantly from paper Errors in Harvard Style are noticeable. Two or more references or citations missing or incorrectly written Rare errors in Harvard Style that do not detract from the paper. One reference or citations missing or incorrectly written No errors in Harvard style All references and citations are correctly written and present.
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