Economics for Business

Economics for Business

Group Assessment Cover Page

Unit DetailsNameEconomics for Business
CodeHI5003
Year, Trimester2023, Trimester 2
Assessment DetailsNameGroup Assignment
Due Date and WeekWeek 10, Friday:    January 26, 2024
Group or IndividualGroup
Group Student DetailsStudent IDFirst NameFamily NameWork Contribution
    
    
    
    
Group Submission DeclarationIntegrity DeclarationStudent IDFull NameSubmission Date
We have read and understand academic integrity policies and practices and our assessment does not violate these.   
   
   
   

HI5003 Economics for Business

Assessment Instructions

WEIGHTLEARNING OUTCOMESWord LimitDue date 
40%1, 2, 3, 53000See Guidelines below
40%1,2,3,4,5 See Guidelines below
Academic Integrity InformationHolmes Institute is committed to ensuring and upholding academic integrity. All assessment must comply with academic integrity guidelines. Six important academic integrity breaches include plagiarism, collusion, copying, impersonation, contract cheating, data fabrication and falsification. Please learn about academic integrity and consult your teachers with any questions. Violating academic integrity is serious and punishable by penalties that range from deduction of marks, failure of the assessment task or unit involved, suspension of course enrolment, or cancellation of course enrolment.
General InstructionsAll work must be submitted on Blackboard by the due date and time along with a completed Assessment Cover Page. Late penalties apply.You must name your file with the Unit Code and Student Number (e.g. HI5003-GWA1995).Please note that non-contributing students do not receive marks.Reference sources must be cited in the text of the report, and listed appropriately at the end in a reference list using Holmes Institute Adapted Harvard Referencing. Penalties are associated with incorrect citation and referencing.Assessments must be in MS Word format with no spacing, 12-pt Arial font and at least 2cm margins on all four sides with appropriate section headings and page numbers.Check that you submit the correct document as special consideration is not granted if you make a mistake.The number of submission attempts you have depends on the course, unit and assessment and you should check and confirm this number in advance.All submissions are automatically passed through SafeAssign to assess academic integrity.
Specific InstructionsGroup Participation Students in a group are required to participate equitably in the group assignment and that students are responsible for the academic integrity of all components of the assignment.   Group Formation students can form their respective groups in the BB of 4 Members maximum If you are intending to work alone you will STILL need to enrol yourself in a group (known as a ‘solo-group’). Solo group enrolment will be available to join at 12 noon on Monday of week 6 Solo groups open on Monday of week 6, no further 4-person groups will be available to join.   If you wish to limit the size of your assignment group to 2 or 3 persons, that can only be done once solo groups are opened. One person must enroll in a solo group and then request the Unit Coordinator to add the second (and third) member. This must be done at the start of week 6.   Call members who may wish to form a group with you by using the Discussion Board or during Drop-in Sessions.Once you have agreed, go in the BB and self-enrol.Do not join any group unless you are allowed to join the group by the existing Group members.In case a member joins your group without permission, REPORT immediately. The name will be deleted.All students MUST be in A GROUP by the end of WEEK 10 Friday (January 26, 2024).Do not delay starting to work on your Project Work

Assignment Specifications

Purpose:

This assignment aims to enhance students’ research and analytical ability through the application of their economics knowledge learned in the course unit to compose a company report.

Table of content Executive Summary Introduction Company background Industry/sector background The market structure of the industry/sector Micro-economic and macroeconomic factors that influence demand of the company’s product(s) or services Micro-economic and macroeconomic factors that influence supply of the company’s product(s) or services Elasticity Recent macroeconomic event that affected the industry/company and, Australia Recommendations Conclusion List of References.
The recommended assignment structure for final submission is as follows:

Note*:     The structure content is not limited to the items listed above. Creativity for a better report

structure is a key requirement.

Detailed requirements of the assignment

You are a group of advisors to the Management Board in your company with Headquarters in Australia. As advisors you are first, required to conduct research on your selected sector/industry covering the previous 5- 10 years. Second, you are required to present a company strategy to your Management Board and to the Federal Government of Australia covering the next 5 years. Third, your Management Board requires that you make a presentation of your findings and strategies, and you prepare a 3000-word market report.

Company Selection Guidelines

Note:

  • Choose a company/firm of your choice.
  • The company/firm must be an enterprise based in Australia either as a national enterprise or a multinational subsidiary in Australia with headquarters abroad
  • Two groups MUST not research on an identical Company or firm
  • The Company or firm selection will be first come basis
  • Send email to your Unit Coordinator for approval of the company/firm
  • Companies/firms selected will be posted in form of weekly basis announcement
  • Following (i) and (vi), before choosing identify that the company/firm is not identified before seeking approval.
  • 10% penalty will apply to those Group (s) with no company approval

Note:

  1. if your company has many products and/or services, you can select a representative product/service to discuss for points (2); (3); (4); and (5).
  1. This report should provide useful information for your company’s Management Board. It should use a variety of resources, including the textbook, newspapers, industry reports, the ABS website, and other sources.
  2. Furthermore, your report should include headings and sub-headings. It needs to be properly referenced using the Harvard style and at least 5 references.

Student Assessment and Referencing Rules

Adapted Harvard Referencing Rules

Holmes has implemented a revised Harvard approach to referencing. The following rules apply:

  1. Reference sources in assignments are limited to sources which provide full text access to the source’s

content for lecturers and markers.

  • The reference list must be located on a separate page at the end of the essay and titled: “References”.
    • The reference list must include the details of all the in-text citations, arranged A-Z alphabetically by author surname with each reference numbered (1 to 10, etc.) and each reference MUST include a hyperlink to the full text of the cited reference source. For example:
  • All assignments must include in-text citations to the listed references. These must include the surname of the author/s or name of the authoring body, year of publication, page number of the content, and paragraph where the content can be found. For example, “The company decided to implement an enterprise-wide data warehouse business intelligence strategy (Hawking et al., 2004, p3(4)).”

Non-Adherence to Referencing Rules

Where students do not follow the above rules:

  • For students who submit assignments that do not comply with the rules, a 10% penalty will be applied.
  • Students who comply with rules and the citations are “fake” will be reported for academic

misconduct.

To be eligible to pass this unit, you must complete all forms of assessment and demonstrate achievement of the learning outcomes. All assignments must be submitted electronically ONLY using a word processor, uploaded to Blackboard via the Final Check and Submission of SafeAssign.

As per the Student Handbook, late penalties will apply each day after the student/s has been notified of the due date. Submission deadlines are strictly enforced and a late submission incurs penalties of 5 (five) % of the assessment value per calendar day unless an extension and/or special consideration has been granted by the lecturer prior to the assessment deadline. Unless an extension and/or special

consideration has been granted, no assessments are accepted after 14 calendar days of the due date, or the end of the trimester for assessments due later in a trimester. Students need to allow up to 24 hours for the Final Check of their assignment submission to SafeAssign to be available.

An effective way for students to learn economics is through participation in a Group Assessment

Project. This project is designed to accomplish effective learning.

During the course of the semester, each of the elements of your Group Assessment, may be reviewed by your Lecturer.

File Exchange tool:

All the academic papers that are used in the assignment need to be posted on BB by using File Exchange tool. Students need to highlight the discussion in the academic paper which is relevant issues related to the assignment. Academic papers can be found in ProQuest (ProQuest instruction can be found in page 6. Assignment will be marked ZERO if does not include references list.

Group Blog:

All the discussion about group assignment needs to be recorded by using Group Blog tool. The discussion must relevant to the content of the assignment and reflects the outcome of the group meeting.

How to do group assignment – Instruction Group tools

Your instructor chooses which communication and collaboration tools are available to your group. If you want to use a tool but don’t find on your group’s page, ask your instructor to enable it.

ToolDescription
File ExchangeGroup members and instructors can share files in this area. All members can add and delete files, regardless of who added them.
Group BlogIn the group area, all members of a group can create entries for the same blog and build on each entry. All course members can read and comment on a group blog, but they can’t make posts unless they are members of the group. Instructors can choose to grade group blogs. All group members receive the same grade.
Group JournalIn the group area, all members of a group can view each other’s entries. Only group members and instructors can view a group journal. Instructors can choose to grade group journals. All group members receive the same grade.
Send EmailGroup members can email individual members or the entire group.

Exchange files with a group

  • With file exchange, you can share files with other members of your group, including your instructor.
  • You can’t create folders in file exchange. With your group, decide how you want to name files so that they are easier to locate in a long list.

Add a file to the file exchange

  • Group Tools > File Exchange > Add File
    • Add a name for the file you want to upload. Browse for the file and submit.
    • Delete a file from the file exchange
  • You can delete any file, even if you didn’t upload it. On the File Exchange page, select Delete in the file’s menu.

Group Blog

All the group members can discuss about the assignment by using Group Blog. Once you are allocated in a group, you can see this function.

Group > Group Tools > Group Blog > Create Blog Entry

ProQuest

To login

Go to: http://www.holmes.edu.au/ > Login > Proquest USERNAME: holmes2004 and; PASSWORD: holmes

Proquest Tips

Marking Rubric

CriteriaExcellent (>=80%)Very good (70-79%)Good (60-69%)Satisfactory (50-59%)Unsatisfactory (<50%)
The degree of understanding and knowledge about the company and the industry which is shown in the description of the company & industry, and the analysis of market structure (25 % of the total mark)Excellent understanding about the company/industry with comprehensive and updated data.Correct identification of the market structure, supported by extensive evidence about the approximate number of firms in the market, market share, market leaders, product homogeneity/heterogeneity, etc.Very good understanding about the company/ industry with some updated data.Correct identification of the market structure, supported by good evidence about the approximate number of firms in the market, market share, market leaders, product homogeneity/heterogeneity, etc.Good understanding about the company/industry with few updated data.Correct identification of the market structure, supported by some evidence about the approximate number of firms in the market, market share, market leaders, product homogeneity/heterogeneity, etc.Reasonable understanding about the company/industry with a limited amount of information about the company/industry.Address the question about market structure but mis- identify the structure or correctly identify the market structure but do not provide good evidence to support.Poor understanding about the industry and completely wrong identification of the market structure with poor evidence to support.
The degree of analysis of demand and supply determinants; and the discussion about price elasticity of demand (25% of the total mark)Excellent analysis about demand and supply determinant, supported by excellent data or studies.Conclusion about elasticity is strongly supported with excellent discussions/argumentVery good analysis about demand and supply determinant, supported by very good data or studies.Conclusion about elasticity is supported with good discussions/argument Or refer toGood analysis about demand and supply determinant, supported by good data or studies.Conclusion about elasticity is supported with limited discussions/argument.Reasonable analysis about demand and supply determinant, supported by limited data or studies.Conclusion about elasticity is not supported with discussions/argument.-Poor analysis about demand and supply determinant, with no supported discussion. -Conclusion about elasticity is not supported
CriteriaExcellent (>=80%)Very good (70-79%)Good (60-69%)Satisfactory (50-59%)Unsatisfactory (<50%)
 Or refer to studies in the literature to support the conclusionstudies in the literature to support the conclusion  with discussions/argument.
Analysis of a recent macroeconomic event that has affected the firm/ industry and, nation (25% of the total mark)-Excellent description of the event -Excellent discussion about the impact of the event on the market and nation, supported by good evidence (statistics, studies or articles that discuss the actual or likely impacts).-Very good description of the event   -Very good discussion about the likely impact of the event on the market, supported by some good evidence (statistics, studies or articles that discuss the actual or likely impacts).-Good description of the event   -Good discussion about the likely impact of the event on the market, supported by limited evidence (statistics, studies or articles that discuss the actual or likely impacts)-Reasonable description of the event -Reasonable discussion about the likely impact of the event on the market, not supported by good evidence-Poor description the event -Poor discussion about the likely impact of the event on the market, not supported by any evidence
The degree of research, the format, structure, presentation, and writing of the report (25 % of the total mark)Evidence of comprehensive and relevant research with correct referencing.Meet format requirements to a high standard, including clear structure, headings, word count (close to approximation) and excellent presentation.-Evidence of very good and relevant research with correct referencing. -Meet format requirements to a very good standard, including clear structure, headings, word count (close to approximation) and very good presentation.-Evidence of good and relevant research with correct referencing. -Meet format requirements to a good standard, including clear structure, headings, word count (close to approximation) and good presentation.-Evidence of reasonable research with some mistakes in referencing. -Meet format requirements to a reasonable standard, but could be improved with a clearer structure, headings, or may have better met word count approximation) and fair presentation.-No good and relevant research with many mistakes in referencing. -May not have followed key question selection guidance, or may not meet format requirements, such as clear discussions, titles or headings, word count, or poor presentation.
Universal Assignment (April 13, 2024) Economics for Business. Retrieved from https://universalassignment.com/economics-for-business/.
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Universal Assignment January 14, 2024 Economics for Business., viewed April 13, 2024,<https://universalassignment.com/economics-for-business/>
Universal Assignment - Economics for Business. [Internet]. [Accessed April 13, 2024]. Available from: https://universalassignment.com/economics-for-business/
"Economics for Business." Universal Assignment - Accessed April 13, 2024. https://universalassignment.com/economics-for-business/
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