HI5003 T2 2020 Economics for Business
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).
(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
WEIGHT LEARNING OUTCOMES
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
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.
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 to the company
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)
Impacts of an event on the industry/company
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
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
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
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.
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
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.
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.
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.
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
Go to: http://www.holmes.edu.au/ > Login > Proquest
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.