ECO 109 Business Economics

ECO 109 Business Economics

The Maldives National University MNU Business School

ECO 109 Business Economics

Assessment 2: Individual Assignment Semester 2, 2022

Due Date: 30th October 2022, 23:59 hrs Weightage: 20% of the total marks Word limit: 1500 words (+/- 10%)

Lecturer: Idham Fahumy (Hithadhoo Campus)

Media Article: “Fuel subsidy cut could impede growth in short term”, written by Elaine Boey.

The media article is attached with the assignment folder in the Moodle. You need to apply your microeconomic theory to explain and analyze the media article. The assignment should be approximately 1500 words in length and include well labeled diagrams. Complete the assignment cover sheet and submit with your assignment.

I would suggest that you present your assignment as a report- include an introduction, economic concepts/theories to be applied, analysis, conclusion, and references. The assignment is worth 20%.

– 14 marks will be allocated for content and analysis (appropriate choice of article, relevant concepts and depth of coverage, sound application of theory, logical structure) and

–      6 marks will be allocated for professional skills (presentation, correct written expression, correct grammar, and spelling, referencing). There should be minimum 2 sources of reference.

Submission date: 20th October 2022, 23:59 hrs. Penalties will apply for late assignments.

An important part of assignment writing is to correctly reference the sources of information that you have used. Correctly referencing your work will help to avoid plagiarism. Plagiarism means presenting the work or property of another person as one’s own, without appropriate acknowledgement or referencing (the copying of other people’s work and/or ideas). Plagiarism is a form of cheating. The penalty for plagiarism is a mark of zero.

Assignment marking criteria

Content (70%)
Sound application and explanation of theory
Relevance of content: appropriate level of detail
Well-reasoned arguments and conclusions
Critical analysis and evaluation
Structure (clear, logical organization)
Professional Skills (30%)
Correct in-text referencing and list of references
Style: fluent, concise, correct English and grammar
Professional presentation

Additional notes: Topic that you can use while you do your assignment:

  • Supply and Demand theory
  • Consumer Surplus and producer surplus theory
  • Efficiency & market, Government and market

o Tax and subsidies

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