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HI5003 T2 2020 Economics for Business

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HI5003 Economics for Business

Group  Assessment Details and Submission Guidelines

Trimester                      T2 2020

Unit Code                      HI5003

Unit Title                       Economics for Business

Purpose of the assessment (with ULO Mapping)

(i)        Students  are  required  to  work  in  groups  of  4  members  to  choose  an industry/Sector of their choice. While working in a specific group, students are required to apply their knowledge learned in the course unit to write an industry/sector report (Learning Outcomes 1, 2, 3, 5).

HI5003 Economics for Business
HI5003 Economics for Business

(ii)       Also, students may choose to work as individual. In this regard, contact the Unit Coordinator specifying that you are working on your Group Assignment as INDIVIDUAL and not group.

(iii)      Finally,   students   should   form   their   respective   groups   in   the   BB   as INDIVIDUAL  or  GROUP  of:  2  members  or  3  members  or  4  members maximum.

See Assignment Specifications for detailed requirements

ASSESSMENT TYPE/Title

WEIGHT                LEARNING OUTCOMES

Word Limit

Due date

Written Final submission

Group/ Individual mark

40%              1, 2, 3, 5                       2500               See Guidelines below

Total                                                                   40%              1,2,3,4,5                                              See Guidelines below

Specific presentation and final assignment submission guidelines

Submission Guidelines (40 marks)

All  work  must  be  submitted  on  Blackboard  by  the  respective  due  date  along  with  a completed Assignment Cover Page:

Final industry research submission

(i)     Due date: Week 10, Mid night Friday, September 25,  2020

(ii)    Final submission research paper on you sector or industry should not exceed 2500 words

(iii)   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.

(iv)   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.

(v)    Penalties apply for late submissions.

(vi)   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.    You  need  to  complete  the  following  table  which  identifies  which student/students are responsible for the various sections of the assignment

Assignment Section                                                                      Student/Students

Name              Reg. No.       Signature

1.

2.

3.

4.

The table on the previous page (Page 1) needs to be completed and submitted with the assignment as it is a compulsory component required before any grading is undertaken.

Purpose:

Assignment Specifications

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.

The recommended assignment structure for final submission is as follows:

 Table of content

 Executive Summary (Optional)

 Introduction

 Introduction to the company

 Industry/sector background

 The market structure of the industry/sector

 Factors that influence demand for the company’s product(s)

 Factors that influence supply of the company’s product(s)

 Elasticity

 Impacts of an event on the industry/company

 Conclusion

 List of References.

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 covering the next 5 years. Third, your Management Board requires that you make a presentation of your findings and strategies, and you prepare a 2,500 word market report. The market report should, as a minimum, address the following key issues:

(i)           A description of your company and the industry of your company

(ii)          An analysis of the market structure of the industry

(iii)         A discussion about the demand and supply conditions for your product(s) or service(s). (iv)         A discussion about the demand elasticity for your product(s) or service(s)

(v)       An  analysis  of  a  recent  event  that  has  (or  is  likely  to  have)  substantial  impacts  on  your industry/sector.

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.

Furthermore, your report should include headings and sub-headings. It needs to be properly referenced using the Harvard style and at least 5 references.

Australia sector/ industry selection distribution

1.              Agriculture sector: livestock and meat industry

2.              Agriculture: fresh foods industry

3.              Agriculture: Floriculture industry

4.              Automotive industry

5.              Aviation Industry

6.              Beverage  Services

7.              Building and construction services

8.              Consumer services: Hairdressing

9.              E-commerce

10.            Education University and tertiary institutions

11.            Education: Early childhood-Primary Education

12.            Education: Nursery  and Education care sector

13.            Education: Schools education sector (Primary and secondary)

14.            Education: Technical And Further Education (TAFE) sector

15.            Energy Utilities Industry

16.            Engineering and architectural services

17.            Entertainment: Live performance industry

18.            Entertainment: recorded entertainment and cinema industry

19.            Finance: foreign exchange market

20.            Finance: Superannuation services

21.            Financial services –Banking sector

22.            Financial services -Insurance Services

23.            Fishing

24.            Forestry

25.            Games and sports

26.            Gasoline supply services

27.            Hair and beauty

28.            Health Care and Social Assistance

29.            Healthcare services- Home care and Aged Care Services

30.            Health care-Disability services

31.            Information: Broadcasting

32.            Information: internet

33.            Information: land line telephone communications

34.            Information: Mobile telephone communications

35.            Labour industry

36.            Leisure and hospitality:  Marine tourism and charter vessels

37.            Leisure and hospitality: Cruise services

38.            Leisure and hospitality: Fast foods

39.            Leisure and hospitality: Hotel and Accommodation services

40.            Leisure and hospitality: Tour and Travels services

41.            Leisure and hospitality: Tourism and heritage sites

42.            Mannequins and modelling

43.            Manufacturing  sector

44.            Media and Entertainment

45.            Mining: Coal mining

46.            Mining: Gem  and other natural resource industries

47.            Mining: Oil and gas industry

48.            Mining: Other minerals

49.            Petroleum exploration

50.            Pharmaceutical industry

51.            Postal and Warehousing Professional

52.            Property market, Rental, Hiring and Real Estate Services

53.            Public Transport: Private-for-hire Vehicle (non-rail)  Industry

54.            Public Transport-Train services

55.            Publishing industry

56.            Quarrying industry

57.            Quaternary sector: Computing and ICT (information and communication technologies)

58.            Quaternary:  Research and design (R&D)

59.            Quaternary: consultancy (offering advice to businesses)

60.            Racing industry

61.            Recreation/ Hotel and restaurants

62.            Retail trade

63.            Scientific, Technical Services and Architectural services

64.            Textile industry

65.            Utilities: Electricity and  Gas services

66.            Utilities: Water and Waste Services

67.            Utilities: Water, sewerage and drainage services

68.            Warehousing

69.            Whole sale trade

70.            Wine industry

STUDENT ASSESSMENT SUBMISSION AND LATE PENALTIES

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.

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.

Group Assessment Plan

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.

Group Communication tools

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.

Tool                          Description

File Exchange         Group members and instructors can share files in this area. All members can add and delete files, regardless of who added them.

Group Blog              In 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 Journal        In 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 Email              Group 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

(i)           Group Tools > File Exchange > Add File

(ii)          Add a name for the file you want to upload. Browse for the file and submit. (iii)         Delete a file from the file exchange

(iv)         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

PASSWORD: holmes

Proquest Tips

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)

The degree of analysis of demand and supply determinants; and the discussion about price elasticity of demand

(25% of the total mark)

The analysis of a recent event that has some

– 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.

– 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

-Excellent description of the event

-Excellent discussion about the likely impact of the event on the

– 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.

– 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

-Very good description of the event

-Very good discussion about the likely impact of the event

– 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.

– Good analysis about demand and supply determinant, supported by good data or studies.

– Conclusion about elasticity is supported with limited discussions/argument.

-Good description of the event

-Good discussion about the likely impact of the event on the market, supported by

– 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.

– Reasonable analysis about demand and supply determinant, supported

by limited data or studies.

– Conclusion about elasticity is not supported with discussions/argument.

-Reasonable description of the event

-Reasonable discussion about the likely impact of

Poor understanding about the industry and completely wrong identification of the market structure with poor evidence to support.

-Poor analysis about demand and supply determinant, with no supported discussion.

-Conclusion about elasticity is not supported with discussions/argument.

-Poor description the event

-Poor discussion about the likely impact of the

Criteria                          Excellent (>=80%)                              Very good (70-79%)                        Good (60-69%)                                  Satisfactory (50-59%)              Unsatisfactory (<50%)

substantial impacts on the industry

(25% of the total mark)

The degree of research, the format, structure, presentation, and writing of the report

(25 % of the total mark)

market, supported by good evidence (statistics, studies or articles that discuss the actual or likely impacts).

– 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.

on the market, supported by some good evidence (statistics, studies or articles

that discuss the actual or likely impacts).

-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.

limited evidence (statistics, studies or articles that discuss the actual or likely impacts)

-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.

the event on the market, not supported by good evidence

-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.

event on the market, not supported by any evidence

-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.