Unit Code: BB106 Unit Title: Economic Principles代写

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Unit Code: BB106 Unit Title: Economic Principles代写

Melbourne Institute of Technology Pty Ltd

CRICOS Provider No: 01545C, 03245K NSW

Assessment Details and Submission Guidelines

Course Name: Bachelor of Business

Unit Code: BB106

Unit Title: Economic Principles

Assessment Type: Group Assignment Trimester 2 2017

Assessment Title: Assignment 2 (Group)

Purpose of the

assessment

The purpose of this assignment is to assess the following Learning

Outcomes:

a. Demonstrate their understanding of fundamental problem of

scarcity facing in an economy.

b. Apply the microeconomic concepts of demand and supply,

price elasticity, market failure, cost and revenue concepts as

well as market structures.

c. Apply the macroeconomic concepts such as economic growth,

Gross Domestic Product, business cycle, unemployment,

inflation, aggregate demand – aggregate supply model and

government policies.

Unit Code: BB106 Unit Title: Economic Principles代写

d. Explain the importance of economic models and key

assumptions in economics.

e. Apply economic models and assumptions to analyse a given

situation and/or media articles on economic issues.

Weight: 25%

Total Marks: 50

Word limit: No more than 2,000 words in total (with limits of 1500 words for

question 2 and 500 words for question 3

Release Date: Week 6

Due Date: Week 10

Submission Guidelines:  This assignment should be completed individually

 All work must be submitted via Turnitin by the due date along

with a completed Assignment Cover Page.

 The assignment must be in Ms Word format, 1.5 spacing, 11-

pt Calibri (Body) font and 2 cm margins on all four sides of

your page with appropriate section headings.

 Reference sources must be cited in the text of the report, and

listed appropriately at the end in a reference list using APA

referencing style.

Extension  If an extension of time to submit work is required, a Special

Consideration Application must be submitted directly to the

School's Administration Officer, in Melbourne on Level 6 or in

Sydney on Level 7. You must submit this application three

working days prior to the due date of the assignment. Further

information is available at:

http://www.mit.edu.au/about-mit/institute-publications/policies-

procedures-and-guidelines/specialconsiderationdeferment

Assignment Cover Sheet

Student ID Number: Student Surname: Given name/s:

Course: School:

Unit code: Unit title:

Due date: Date submitted: Campus:

Lecturer: Tutor:

All work must be submitted via Turnitin by the due date. If an extension of time to submit work

is required, a Special Consideration Application must be submitted. Further information is

available at:

http://www.mit.edu.au/about-mit/institute-publications/policies-procedures-and-

guidelines/specialconsiderationdeferment

Academic Misconduct

Academic Misconduct is a serious offence. Depending on the seriousness of the case,

penalties can vary from a written warning or zero marks to exclusion from the course or

rescinding the degree. Students should make themselves familiar with the full policy and

procedure available at: http://www.mit.edu.au/about-mit/institute-publications/policies-

procedures-and-guidelines/Plagiarism-Academic-Misconduct-Policy-Procedure. For

further information please refer to the Academic Integrity Section in your Unit Description.

Student Declaration

I/We declare that:

 the work contained in this assignment is my/our own work/group work, except where

acknowledgement of sources is made;

 certify that this assessment has not been submitted previously for academic credit in this or

any other course;

 I/we have read the MIT’s Plagiarism and Academic Misconduct Policy Procedure, and I/we

understand the consequences of engaging in plagiarism;

 a copy of the original assignment is retained by me/us and that I/we may be required to

submit the original assignment to the Lecturer and/or Unit Co-ordinator upon request;

I/we have not plagiarised the work of others or participated in unauthorised collaboration when

preparing this assignment.

Student Signature: Date:

Assignment details

Question 1

Data collection, presentation and analysis

The economic crisis in Greece has been in the news lately, as it looked likely to default

on its debt. For this part of the assignment you will be collecting, presenting and

analysing economic data for Australia, Germany, Greece and an Asian country of your

choice.

Using The World Bank website (under Data), collect and present annual data showing:

GDP per capita (in constant 2005 US$); the GDP annual percentage growth rate; the

annual percentage inflation rate (using the GDP deflator figures); and the total

unemployment rate, for each of the four countries, for the years 2005 --‐2016 (for some

countries data may only be available up to 2013, in which case data from 2005 – 2013

is acceptable).

Present the data initially in tables. You may decide how many tables to use, and which

variables/countries to include in each table. Each table must be numbered and have a

clear heading/title indicating its contents, and a reference for the source of the data

under the table.

Use the data to construct the following graphs, using the graphing tool (line graphs) in

Excel. Indicate under each graph which table/s the data came from. Make sure you

also label each axis and each variable, and give your graph a title.

Figure 1: GDP per capita for all four countries

Figures 2, 3, 4 and 5: One figure for each country, with the GDP growth, inflation and

unemployment rates for that country.

Figure 6: GDP growth and unemployment rates for all four countries.

Note: Please do not attach the excel file with your assignment. You need to use

copy/paste functions to transfer your graphs to the word document containing your

assignment.

(15 points)

Question 2 (no more than 1500 words)

Using Figures 2 – 6, describe and analyse any general relationship you see between

the three variables in each of the countries. Is the relationship similar in each of the

countries? On the basis of the data collected, analyse any similarities and differences

in the performance of the economies. Refer to the data you have collected to support

your analysis.

(20 points)

Question 3 (no more than 500 words)

Go to the OECD Better Life index www.oecdbetterlifeindex.org, and look at the country

reports for Australia, Germany and Greece. What are the “life satisfaction scores” for

each country? Using the factors measured in each country’s report, as well as the data

you found in Question 1, comment on factors you believe may contribute to each

country’s “life satisfaction” score. Include four factors per country. Explain your

reasoning.

(10 points)

Marking Criteria

Assessment Criteria Marks awarded

Question 1: Present the data in tables showing:

 GDP per capita (in constant 2005 US$)

 GDP annual percentage growth rate

 Annual percentage inflation rate (using the GDP deflator figures)

 Total unemployment rate, for each of the four countries, for the

years 2005 --‐2016

Question 2:

 Using Figures 2 – 6, describe and analyse any general

relationship between GDP growth, inflation and unemployment

rates for each of the countries

 Analyse any similarities and differences in the performance of the

economies

Question 3:

 Present “life satisfaction scores” for each country

 Using the factors measured in each country’s report,

 Identify and explain factors contributed to each country’s “life

satisfaction” score. (include four factors per country).

Structure of the report, research and analysis

 introductory paragraph

 appropriate use of paragraph and headings to explain and discuss

ideas

 appropriate concluding paragraph

 tables and graphs should have a relevant title and each axis on the

graphs should be correctly labelled.

 layout

 formatting

 spelling/grammar

 completeness of research and analysis

 accuracy and depth of analysis

 appropriate use of in-text and end text referencing

 appropriate number of references used

 quality of information sources

 appendices

Total marks 50

Unit Code: BB106 Unit Title: Economic Principles代写