| Subject Code | ECO500 |
| Subject Name | Economics for Managers |
| Assessment Number and Title | Assessment 2 – Group work - Research,evaluation, and application of amacroeconomic system and in-class presentation |
| Assessment Type | Part A: Evaluate the economic and policy environment both in Australia and internationally and its application to the decision-making of the business Part B:Face-to-Face presentation |
| Length / Duration | 2,500 words (+/- 10%) Group Face-to-Face Presentation. 10-15 PowerPoint slides, 10–12-minute Face-to -Face presentation |
| Weighting % | Total= 30% Written case study analysis 20% + Group Face-to-Face Presentation 10% |
| Total Marks | 100 |
| Submission | On-line submission for written report and PPT along with presentation (in-class) |
| Due Date | Week 7Sunday 11:59 |
| Mode | Written analysis + PPT = Online Group Presentation = Face-to-face face to face, in class, Group |
| Format | 2,500 words (+/- 10%) Group Face-to-Face Presentation. 10-15 PowerPoint slides |
Assessment 2 – Context and questions
Part A: Written Report (appx. 20% of the total grade)
Description
In 2019, the Australian Photovoltaics Institute (APVI) released a report detailing the growth in the solar PV industry in Australia over the past decade. Installed solar capacity increased 100-fold in the 10 years to 2019, and Australia now has the highest proportion of households with solar PV energy systems installed in the world.
The article by the New York Times outlines why Australian households have installed a record amount of rooftop solar in the past decade. They focus specifically on 3 reasons:
Question 1
a. Construct a model of supply and demand for the Australian rooftop PV market. Demonstrate how each of the factors outlined by the New York Times would affect the equilibrium price and quantity for solar PV panels, using separate graphs for each reason.
b. The figure below outlines the evolution of the average retail price ($/watt) of solar panels faced by consumers in Australia. Given the overall change in equilibrium price and quantity, what change identified in your answer to (a) do you think has dominated Australia’s rooftop PV market, the change in supply or demand?
Question 2
Provide two examples where tax can be efficient.
Question 3
Phoebe is a bread company in Australia that produces white slices. Assume Phoebe is a firm in a perfectly competitive industry.
Note: You must provide the correct citation and reference for authentic sources used in evaluating the SBR reporting in Australia.
Additional instruction: The research must be presented with a Reference List at the end of the paper. You should also check the accuracy of the responses before using them and reference the sources used for this verification.
Part B (presentation): (Appx. 10% of the total grade)
The group presentation is in the form of a PowerPoint presentation of 15-20 PowerPoint slides. This is a mix of visual representations of contents, data, and images to build an argument on economic and policy changes andtheir application to the decision-making of the business.
The group will consist of Maximum 4 members. To form the groups students can self-select the group by using Moodle facility. The 15-20-minute presentations will be presented by students using the PowerPoint slides.
Assessment 2 Marking Criteria and Rubric
| Criteria | Fail (F) | Pass (P) | Credit (C) | Distinction (D) | High Distinction (HD) |
Conceptual Knowledge: 15%
| Demonstrates poor knowledge & understanding of the key concepts associated with the given context/tasks | Demonstrates limited knowledge & understanding of the key concepts associated with the given context/tasks. | Demonstrates some knowledge & understanding of the key concepts associated with the given context/tasks | Demonstrates sufficient knowledge & understanding of the key concepts associated with the given context/tasks. | Demonstrates thorough knowledge & understanding of the key concepts associated with the given context/tasks. |
Content analysis: 25%
| Presents a poor analysis of all identified issues and is unable to apply or relate relevant concepts to the case/tasks. | Presents a limited analysis of some identified issues and able to apply or relate relevant concepts to the case/tasks. | Presents some analysis of identified issues and able to apply or relate relevant concepts to the case/tasks. | Presents a thorough analysis of most identified issues and can apply or relate relevant concepts or the case/tasks. | Presents an insightful & thorough analysis of all identified issues and can apply or relate relevant concepts to the case /tasks. |
Language and structure: 15%
| Inadequate. Writing is not up to academic standards; unfocused, disjointed or contains serious errors. | Adequate. Readable but contains many grammar and spelling errors. | Good. Some grammar and spelling errors. Writing lacks some clarity. | Very good. Writing is nearly free of grammar and spelling errors. Clear presentation of ideas | Excellent. Demonstrates clarity, conciseness, and correctness. Writing is free of grammar and spelling errors. |
Referencing: 10%
| No referencing is evident or, if done, is inconsistent and technically incorrect. No or minimal reference list, mixed styles. No intext citations. | Basic and sound attempt to reference sources; may be some inconsistencies and technical errors in style. The reference list is generally complete with 1 or 2 references missing. | Good attempt to reference sources, inconsistencies, and technical errors in style. Few inaccuracies in the reference list and all references listed. | Very good attempt to reference sources, very minor inconsistencies, and technical errors in style. Thorough and consistent reference list and allreferences listed. | Professional level of referencing and acknowledgment; no errors of style evident. Thorough and consistent reference list and all references listed. |
| Presentation – PPT design (10%) | The format chosen for the submission is inappropriate and/or lacks thought and consideration. The information presented is not original, often confused, and not connected to the subject matter. | The format chosen for the submission is appropriate, but further attention to detail would improve its transmission of information. Presentation of information can be followed but may lack logical structure. The information is loosely connected to the subject matter | The format chosen for the submission is appropriate, but minor changes would enhance it. Presentation of information is generally structured logically and relates to subject matter but may be tangential at times. | Submission is professionally presented and submitted in the appropriate format. Presentation of information is structured logically and related to the subject matter. | Submission is highly professionally presented and submitted in the appropriate format. Presentation of information is structured logically and tightly related to the subject matter. |
| Presentation – Communication and Mastery (25%) | The presentation is poor. Presence, communication/language skills, organization, and mastery of the topics are poor - mostly reading from notes. And did not Identify and address key issues and any lacked preparation, did not clearly, articulately, or logically in relation to the subject | The presentation is good but lacks of coherence with other group members. Presence, communication/language skills, organization, and mastery of the topics are good. And identifies and addresses some issues and relevant concepts. Delivery and presentation but not always clearly, articulately, or logically in relation to their particular topic. though a number of areas lack clarity | Very good presentation with body language and eye contact. And identifies and clearly addresses most topics/issues and relevant concepts.The speaker generally presented clearly, articulately, and logically in relation to the specific topic. | Very good presentation with presence, communication/language skills, organization, and mastery of the topics. And identifies and addresses amajority ofkey issues and relevant concepts for the topic. Presentedclearly, articulately, and logically in relation to the topic in aprofessional manner.
| Excellent presentation with presence, communication/language skills, organization, and mastery of the topics. And identifies and addresses all ofthe key issues and relevant concepts for the topic. Presented clearly, articulately, and logically in relation to the topic in a highly professional manner.
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== End of Assessment brief===
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