ECN 60104 Microeconomics

INDIVIDUAL ASSIGNMENT (100 MARKS – 35%)

The aim of this assignment component is for the students to examine their learning processes and communication skills, as well as be able to make connections between theory and practice. This assignment is also designed to encourage them to become reflective practitioners in their future fields.

ASSIGNMENT QUESTION (35%)

You will be required to do ONE (1) REFLECTIVE WRITING task based on microeconomics application in the real world. The reflective writing is meant to be open-ended and could be informal, yet creative (if based on your own experiences and/or observations).

The word count for the report must be approximately 1500 words (5 pages). Details of the task and respective due date are given below.

Task

1. Reflect a MINIMUM of FIVE (5) microeconomics conceptual applications in the real world based on ONE of these main topics:

i) The Economic Problem, Nature, and Method

ii) Demand, Supply, and the Market Environment

iii) Elasticity of Demand and Supply

iv) Government Intervention in the Market

v) Technology, Production and Costs

vi) Perfect Competition

vii) Other topics (must be approved by the module leader/tutor)

2. The above real-world applications must be based on multiple concepts/related concepts that affect the behavior/activities of individuals, families, firms, and governments (you can choose only one group or a combination of two/more groups).

3. You may use as many examples/applications as possible (strongly encourage for better marks – depending on the topic chosen); however, your reflective writing must be of a good standard/quality. All citations and references must be included where necessary. ONLY NON-ECONOMICS REFERENCES ARE ALLOWED FOR THIS ASIGNMENT. HOWEVER, THE USE OF ONE MAIN TEXT IS ALLOWED FOR CONCEPTUAL REFERENCE.

Due date: Monday (07/11/2022), Week 11, by 2.00 pm.

Note: The assignment must be submitted in both hardcopies (for marking) & softcopies (via “TURN-IT-IN” on TIMeS for plagiarism checking).

GENERAL ASSIGNMENT GUIDELINES

Late submission of work

All coursework MUST be submitted by the specified deadline, except for extenuating circumstances.

Referencing (if applicable)

For academic purposes, ALL secondary research material must be carefully referenced using the Harvard Referencing Method.

Word count

Your word count is permitted to be less or more by 10%.

Presenting coursework for assessment

Assignments must be presented in the following format:

– Assignments must be word-processed in 12-point font size Times New Roman and

double-spaced.

– All pages must be numbered.

– Kindly ensure the soft copy and hard copy of the completed assignment submitted to your

lecturer contains:

• Assignment Cover Sheet

• Assignment Feedback Form

• Completed task

• References (if applicable)

– Margins must be as follows: Top and Bottom 2.5 cm, Left and Right: 3.2 cm.

– Graphs and other diagrams must be generated in MS Word/PowerPointä.

– Assignments not complying with this format will be returned to students unmarked. If in

any doubt you should discuss this with the tutor before submission

Modular Programme Assignment

Cover Sheet

(Individual)

Please complete the form (in capital letters) and attach it securely to the front of your assignment before submitting your assignment.

Student ID: ……………………………………………………………………………………………………………………….

Programme: ……………………………………………………………………………………………………………………

Name of module: …………………………… ………………… Name of tutor: ……………………………………………

Module code:

Assignment title: ……………………………………………………………………………………………………………….

Due date & time: ……………………………………………………………………………………………………………….

I have read and understood the Taylor’s University Dual Award Regulations on cheating, plagiarism and collusion and state that this piece of work is our own and does not contain any unacknowledged work from any other sources.

I authorise the University to test any work submitted by me, using text comparison software, for instances of plagiarism. I understand this will involve the University or its contractor copying my work and storing it on a database to be used in future to test work submitted by others.

Note: The attachment of this statement on any electronically submitted assignments will be deemed to have the same authority as a signed statement.

Signed:

Date:

ECN60104 – Microeconomics

Individual Assignment Marking Criteria and Feedback Form (100 marks – 35%)

Name: ……………………………………………………………………………………

Student ID.: ……………………………………………………………………………..

TGC Sub		Traits	Performance levels	Score	Wt.	Marks
		Criteria	Poor (1 2 3)	Fair (4 5)	Good (6 7)	Excellent (8 9 10)	(%)
3.1	1	Deliver content with consideration of purpose and context surrounding the task, in written form.	Deliver superficial content which demonstrates a lack of theoretical and conceptual application, within appropriate context and purpose, in written form.	Deliver basic content which demonstrates a basic theoretical and conceptual application, within appropriate context and purpose, in written form.	Deliver a central content which demonstrates a thorough theoretical and conceptual application, within appropriate context and purpose, in written form.	Deliver compelling content which demonstrates a thorough theoretical and conceptual application, within appropriate context and purpose, in written form.	20
3.1	2	Explanation of ideas	Most ideas are very confusing. The reasoning is flawed. Flows of ideas are mostly not fluent and poor transition from one paragraph to another.	Presents ideas but the reasoning is not clear. Fair flows of ideas and transition from one paragraph to another.	Supports most ideas with good reasoning. Flows of ideas are mostly fluent and good transition from one paragraph to another.	Explores ideas with sound arguments and reasoning is very effective. Flows of ideas are fluent and excellent transition from one paragraph to another.	20
3.4	3	Use supporting evidence.	Uses little or irrelevant supporting evidence, with little reference to information or analysis that supports the points being made.	Uses adequate, but sometimes irrelevant, supporting evidence, making adequate, but sometimes inappropriate, reference to information or analysis that supports the points being made.	Uses adequate supporting evidence, making appropriate reference to information or analysis that supports the points being made.	Uses a variety of supporting evidence, making appropriate reference to information or analysis that significantly supports the points being made.	20
3.2	4	*Language usage*	Uses words that are unclear, sentence structure lacks clarity, errors are seriously distracting	Word forms and sentence structures are adequate to convey basic meaning. However, there are errors that cause distraction.	Word forms and sentence structures are effective. There are errors but these do not cause distraction.	Employs the most apt words and sentence structures are concise and very effective.	10
3.2	5	Spelling & grammar	Writing contains numerous spelling and grammatical errors. Very difficult to comprehend.	Frequent errors in spelling and grammar interfere with comprehension.	There are minor errors. But the general conventions of spelling and grammar have been followed.	The writing is error free in terms of spelling and grammar.	10
7.3	6	Manage resource and potential risks.	Have awareness of concepts of resource and risk management to achieve task objective in the contemporary real-world settings.	Describe and explain concepts of resource and risk management to achieve task objective in the contemporary real-world settings.	Channel and manage resources and potential risks to achieve task objective in the contemporary real-world settings.	Effectively channel and manage resources and potential risks to achieve task objective in the contemporary real-world settings.	20