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HI5003 Economics for business assignment help

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Assessment Details and Submission Guidelines
Trimester T1 2019
Unit Code HI5003
Unit Title Economics for Business
Assessment Type Written report
Assessment Title Group assignment
Purpose of the assessment (with ULO Mapping) Students are required to work in groups to choose an industry then apply their knowledge in the unit to write an industry report (Learning Outcomes 1, 2, 3, 5). See Assignment Specifications for detailed requirements
Weight 30% of the total assessments
Total Marks 30
Word limit Not more than 2500 words
Due Date 5pm Friday of Week 10 for Normal Mode, of Week 6&10 for Block Mode 1&2, respectively.
Submission Guidelines All work must be submitted on Blackboard by the due date along with a completed Assignment Cover Page.The assignment must be in MS Word format, single spacing, 12-pt Arial font and 2 cm margins on all four sides of the page with appropriate section headings and page numbers.Reference sources must be cited in the text of the report, and listed appropriately at the end in a reference list using Harvard referencing style.

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Purpose:

Assignment Specifications

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

The recommended assignment structure is as follows:

Detailed requirements of the assignment

Organize yourselves into groups of 4 or 5 students and give your group details to your lecturer(s) no later than Week 6 (for Normal Mode) or Week 4 (For Block Mode 1) and Week 8 (for Block Mode 2). Late submission of group member list may result in your being unable to submit the group assignment.

You are a group of advisors to the Management Board in your company.

In determining the company’s strategy in the next 5 years, your managers have required you to prepare a 2,500 word market report. The market report should, as a minimum, address the following key issues:

  1. A description of your company and the industry your company is in, including:
    1. An overview of the company.
    1. An overview of the industry (including some key statistics such as revenue, employment, the industry’s contribution to national GDP, and industry growth rate).
  2. An analysis of the market structure the industry is in, including:
    1. The type of market structure it is in and why (based on the characteristics of the industry).
    1. The market leaders in the industry and some statistics about them.
  3. A discussion about (i) two determinants of demand, and (ii) two determinants of supply for your product(s) or service(s) that you consider to be the most influential.
  4. A discussion about the demand elasticity for your product(s) or service(s) which answers the following questions:
    1. Is your product(s) or service(s) elastic or inelastic? Why?

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  • What are two factors that you consider affect the elasticity of demand for your product (or line of products) the most? Why so? (You can research for evidence to justify your argument(s)).
  • An analysis of a recent event that has (or is likely to have) substantial impacts on your industry. The analysis may include:
    • A brief description about that event.
    • How has that event affected (or is likely to affect) the market demand and/or supply?
    • What is the likely effect of that event on the market price and quantity?

Note that relevant empirical evidence can be researched and provided to support your arguments.

You may choose to do your research in one of the following industries: construction/housing/ property development, education, or mining.

Note: 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).

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. A list of several websites that may be useful to you is attached.

Your report should include a table of contents, an executive summary, and sub-headings. It needs to be properly referenced using the Harvard style and at least 5 references.

Marking Rubric

Criteria Excellent (>=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, ect. 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/heterogenei ty, ect. 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, ect. 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/argument Or refer to studies in the literature to support the conclusion Very 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 to studies in the literature to support the conclusion Good 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 with discussions/argument.

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Criteria Excellent (>=80%) Very good (70-79%) Good (60-69%) Satisfactory (50-59%) Unsatisfactory (<50%)
The analysis of a recent event that has some substantial impacts on the industry (25% of the total mark) -Excellent description of the event -Excellent discussion about the likely impact of the event on the market, 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.

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Some websites that may be useful for your assignment

Australia GDP and employment by sectors (the ABS website abs.gov.au) http://www.abs.gov.au/AUSSTATS/abs@.nsf/Lookup/8155.0Main+Features12016- 17?OpenDocument

Australian Industry Report (where you can find output and employment by industry and industry competitiveness) https://publications.industry.gov.au/publications/australianindustryreport2016/assets/Aust ralian-Industry-Report-2016.pdf

Company report for any company listed on the ASX https://www.asx.com.au/asx/research/listedCompanies.do

(Click on the name of the company, you will be directed to a page with information about the company’s stock price. On the right hand side, under RESOURCES you can find the latest company report).

Top 500 companies in Australia by the AFR

https://www.afr.com/leadership/afr-lists/top-500-private-companies/top-500-private- companies-2018-the-full-list-20180903-h14w4v

Top 50 mining companies by revenue http://www.mining.com/top-50-biggest-mining-companies/

Mining industry report.

Retail industry – The future of retail in Australia

https://business.nab.com.au/wp-content/uploads/2017/09/The-future-of-retail-September- 2017.pdf

2018 Real Estate Outlook by Deloitte https://www2.deloitte.com/content/dam/Deloitte/au/Documents/Real%20Estate/deloitte- au-dre-real-estate-outlook-2018-australian-perspective-150218.pdf

International Education Industry in Australia

file:///C:/Users/nxpham/Downloads/http   www.aphref.aph.gov.au_house_committee_ef pa_services_report_chapter5.pdf

Education sector statistics by the ABS https://www.abs.gov.au/Education

Large auditing companies such as Deloitte, EY, KPMG, PWC, or big banks may also have industry report for various industries that you can find useful.

HI5003 Economics for Business

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