ECO511 – Economics for Business Assignment Help

Assessment item 1
Assignment 1: Discussion Board Posting
Value: 5%
Due Date: Variable Date
Return Date:
Length: Approximately 1,000 words
Submission method options: N/A – submission not required/applicable
Task
Your task is to lead a “Current Issues” discussion on the Discussion Board for one week.
You will be allocated a week by me. You can discuss your proposed current issue with me via
email before posting. The issue you choose will generally be related to the last Topic discussed
in the subject in the preceding weeks. On the Monday of the appropriate week you must
introduce the discussion of the issue on the Discussion Board and respond to discussants’
comments where appropriate. The discussion needs to be clearly written using correct
English. It can contain hyperlinks to additional sources of information or graphics as
appropriate to the discussion topic                                                                                                         You are only required to prepare a discussion post once for the session. The size of the class
may require that more than one student be allocated to lead a discussion in a given week. In
this event students may be allocated to a group to lead the discussion or each student
allocated to a week may be asked to lead a discussion on a different issue.
Rationale
This assessment task does not directly assess a specific learning outcome but is a requirement
for passing the subject.
The rationale for this assessment item is to help you to be able to critically analyse and
provide informed comment on recent issues related to the subject and to build confidence in
meeting the learning outcomes of the subject.                                                                                       Presentation
In order to provide guidance about the presentation of this assessment, I will prepare a
Discussion Board post in Week 1 of the session as an exemplar.
Requirements
Please reference any sources of information you use with APA referencing style. Please refer to
the CSU referencing site at http://student.csu.edu.au/study/referencing at-csu.

Assessment item 2
Assignment 2: Discussion Board Comments
Value: 5%
Due Date: Variable Date
Return Date:
Length: As appropriate.
Submission method options: N/A – submission not required/applicable
Task
In this assessment item you are required to contribute to the “Current Issues” discussion
series by commenting as an individual on the weekly discussion(s) prepared and lead by a
fellow student(s) or by me. (see Assessment 1 for details). Your comment should extend on the
discussion(s), for example by including additional information, providing alternate
perspectives or bringing your personal industry experience to the topic. Please post your
comments to the discussion board and use the same etiquette that you would use as if you are
addressing each other in a face to face class. Show respect and consideration towards your
peers in the wording of your comments.
Rationale
This assessment task does not directly assess a specific learning outcome but is a requirement
for passing the subject.
The rationale for this assessment item is to build your skills, knowledge and confidence in
meeting the learning outcomes of the subject.                                                                                       Presentation
As for assignment 1.
Requirements
Please reference any sources of information you use with APA referencing style. Please refer to
the CSU referencing site at http://student.csu.edu.au/study/referencing-at-csu .

 

Assessment item 3
Assignment 3: Essay Questions
Value: 20%
Due Date: 10-Dec-2018
Return Date: 04-Jan-2019
Length: Approx 2,000 words each
Submission method options: Alternative submission method
Task
Assignment 3 consists of two essay questions (worth 10 marks each) based on Text material.
Before attempting this assignment you are expected to have read Text chapters 1, 2, 3 and 4.
Sources used in your answer should be fully referenced in APA 6th style.
Answer the following questions ensuring that you apply economic principles or theory related
to (a) the concepts of supply and demand for Question 1 and (b) the concepts of specialisation
and exchange for Question 2 to inform your analysis and support your
decisions. Communicate your ideas with correct grammar, spelling and writing style and
support your answers with diagrams as necessary.
Question 1 (10 marks)
Identify and explain the factors that determine the price elasticity of demand and provide
illustrative examples, based on media reports, of the impact of each factor on the demand for
a good or service.
Question 2 (10 marks)
Will the Australian economy benefit from President Trump’s protectionist policies? Provide
illustrative examples from media reports to support your answer and ensure that you consider
the concept of comparative advantage.
Online submission via Turnitin is required for this assignment. Details will be provided by your
subject lecturer.
Rationale
This assessment task will assess the following learning outcome/s:
• be able to apply demand and supply analysis to make a range of market related
decisions.
• be able to identify and critically evaluate opportunities for specialisation and
exchange.
This assignment provides an opportunity for you to demonstrate that you are familiar with the
use of the model of supply and demand and concepts of specialisation and exchange.                        Presentation
Answers should be typed and diagrams must be clear and neat and preferably drawn
electronically. Hand-drawn diagrams are acceptable. Sources used in your answer should be
fully referenced in APA 6th style. The answer to the question should be divided into three
parts:
Part 1: Introduction
The introduction sets up your response by succinctly stating your understanding of the issues,
what you think is the best way to analyse the situation – including choice of theory and
sources of evidence, what type of findings you expect and what potential applications you
expect there to be.
Part 2: Analysis
The analysis will represent the bulk of your work. Here you will provide your answer in detail
by drawing upon the literature, the theory and the evidence to come up with an answer to the
question posed. You may find that you want to break this section up into a number of subparts
– one for a detailed discussion of the issues including your non-technical response, one
for a detailed analysis of the tools of analysis you will use (theory), one for your extensive
consideration of the evidence, one where you draw together your information and findings
along with their implications.
Part 3: Conclusion
In the conclusion you briefly and succinctly review what you have done in answer to the
question and indicate what further issues there might be to be considered.
Requirements
Sources used in your answer should be fully referenced in APA 6th style.
This assignment must be submitted through Turnitin.
It is recommended that your name, student ID and page number are included in the header
or footer of every page of the assignment.
Further details about submission in Turnitin are provided in On-line submission.

 

Assessment item 4
Assignment 4: Essay Question
Value: 10%
Due Date: 31-Dec-2018
Return Date: 22-Jan-2019
Length: Approx 2,000 words
Submission method options: Alternative submission method
Task
Assignment 4 consists of one essay question (worth 10 marks) based on text material. Before
attempting this assignment you are expected to have read Text chapters 1 to 10. You are
encouraged to make use of additional sources. Sources used in your answer should be fully
referenced in APA 6th style.
Answer the following question ensuring that you apply economic principles or theory related
to the concepts of benefits, costs and market structure in which a firm operates to inform your
analysis and support your decisions. Communicate your ideas with correct grammar, spelling
and writing style and support your answer with diagrams and illustrative examples as
necessary.
Question (10 marks)
Identify, from media reports on Australian industry, an example of a firm that has significant
monopoly power. Identify the inefficiencies in outcomes that arise, or would arise, if the firm
was free to exercise that power. Finally, explain how government intervention is used, or may
be used, to curb that power and provide a more efficient outcome for the economy.
Online submission via Turnitin is required for this assignment. Details will be provided by your
subject lecturer.
Rationale
This assessment task will assess the following learning outcome/s:
• be able to make decisions that incorporate the relevant benefits and cost analysis.
• be able to explain and defend why it is important to understand the structure of the
market in which a firm operates.
This assignment provides an opportunity for you to present a detailed analysis of the
operation of firms in a particular market context through the application of your knowledge of
theory supported by evidence drawn from sources of your choosing.                                                   Presentation
Answers should be typed and diagrams must be clear and neat and preferably drawn
electronically. Hand-drawn diagrams are acceptable. Sources used in your answer should be
fully referenced in APA 6th style. The answer to the question should be divided into three
parts:
Part 1: Introduction
The introduction sets up your response by succinctly stating your understanding of the issues,
what you think is the best way to analyse the situation – including choice of theory and
sources of evidence, what type of findings you expect and what potential applications you
expect there to be.
Part 2: Analysis
The analysis will represent the bulk of your work. Here you will provide your answer in detail
by drawing upon the literature, the theory and the evidence to come up with an answer to the
question posed. You may find that you want to break this section up into a number of subparts
– one for a detailed discussion of the issues including your non-technical response, one
for a detailed analysis of the tools of analysis you will use (theory), one for your extensive
consideration of the evidence, one where you draw together your information and findings
along with their implications.
Part 3: Conclusion
In the conclusion you briefly and succinctly review what you have done in answer to the
question and indicate what further issues there might be to be considered.
Requirements
Sources used in your answer should be fully referenced in APA 6th style.
This assignment must be submitted through Turnitin.
It is recommended that your name, student ID and page number are included in the header
or footer of every page of the assignment.
Further details about submission in Turnitin are provided in On-line submission.

 

Assessment item 5
Assignment 5: Problem Essay Question
Value: 10%
Due Date: 28-Jan-2019
Return Date: 18-Feb-2019
Length: Approx 2,000 words.
Submission method options: Alternative submission method
Task
Assignment 5 consists of one problem essay question worth 10 marks. Before attempting this
assignment you are expected to have read Text chapters 12, 13 and 14. You are encouraged to
make use of additional sources. Sources used in your answer should be fully referenced in APA
6th style.
Answer the following question ensuring that you apply economic principles or theory related
to understanding the health of the economy and the need for government intervention to
inform your analysis and support your decisions. Communicate your ideas with correct
grammar, spelling and writing style and support your answer with diagrams and examples as
necessary.
Question (10 marks)
Using appropriate diagrams, explain the likely impact of drought on macroeconomic
equilibrium in Australia. Use evidence drawn from media reports to illustrate you answer. How
might government policy response to the drought modify the macroeconomic impact of the
drought?
Online submission via Turnitin is required for this assignment. Details will be provided by your
subject lecturer.
Rationale
This assessment task will assess the following learning outcome/s:
• be able to critically examine and demonstrate why it might be necessary for
government to intervene in the production of goods and services and in the
distribution of income.
• be able to examine critically the health of the economy as a whole through the
analysis of major economic variables and advise on likely policy alternatives.
This assignment will give you practice in preparing an answer to a question which is similar to
the type of questions you are likely to be asked in the examination.
Presentation
Answers should be typed and diagrams must be clear and neat and preferably drawn
electronically. Hand-drawn diagrams are acceptable. Sources used in your answer should be
fully referenced in APA 6th style. The answer to the question should be divided into three
parts:
Part 1: Introduction
The introduction sets up your response by succinctly stating your understanding of the issues,
what you think is the best way to analyse the situation – including choice of theory and
sources of evidence, what type of findings you expect and what potential applications you
expect there to be.
Part 2: Analysis
The analysis will represent the bulk of your work. Here you will provide your answer in detail
by drawing upon the literature, the theory and the evidence to come up with an answer to the
question posed. You may find that you want to break this section up into a number of subparts
– one for a detailed discussion of the issues including your non-technical response, one
for a detailed analysis of the tools of analysis you will use (theory), one for your extensive
consideration of the evidence, one where you draw together your information and findings
along with their implications.
Part 3: Conclusion
In the conclusion you briefly and succinctly review what you have done in answer to the
question and indicate what further issues there might be to be considered.
Requirements
Sources used in your answer should be fully referenced in APA 6th style.
This assignment must be submitted through Turnitin.
It is recommended that your name, student ID and page number are included in the header
or footer of every page of the assignment.
Further details about submission in Turnitin are provided in

Assessment item 6
Final Exam
Value: 50%
Due Date: To be advised
Duration: 2 hours
Submission method options: N/A – submission not required/applicable
Requirements
The examination consists of eight (8) problem questions. Students must complete any three
(3).
A copy of a sample exam with suggested answers can be accessed here
(https://doms.csu.edu.au/csu/file/63832718-2591-4081-a3a1-a3d91b3232b6/1/
Sample%20exam.docx).
Rationale
This assessment task will assess the following learning outcome/s:
• be able to apply demand and supply analysis to make a range of market related
decisions.
• be able to identify and critically evaluate opportunities for specialisation and
exchange.
• be able to make decisions that incorporate the relevant benefits and cost analysis.
• be able to explain and defend why it is important to understand the structure of the
market in which a firm operates.
• be able to critically examine and demonstrate why it might be necessary for
government to intervene in the production of goods and services and in the
distribution of income.
• be able to examine critically the health of the economy as a whole through the
analysis of major economic variables and advise on likely policy alternatives.
Please note that not all of the learning outcomes will necessarily be examined in the final
exam.


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