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26 Aug
2019

HC1072 Economics and International Trade | Good Grade Guarantee!

HOLMES INSTITUTE
FACULTY OF
HIGHER EDUCATION
HC1072 Economics and International Trade
Assessment Details and Submission Guidelines
Trimester
T2 2019
Unit Code
HC1072
Unit Title
Economics and International Trade
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 2000 words
Due Date
5pm Friday of Week 10 for Normal Mode; 5pm Friday of Week 6 (Block Mode 1)
& Friday of Week 10 for Block Mode 2.
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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HC1072 Economics and International Trade
Assignment Specifications
Purpose:
This assignment aims to enhance students’ research and analytical ability through the application of
their economic knowledge in the unit to compose a report.
The recommended assignment structure is as follows:
Table of content
Introduction
Market description
Changes in market condition(s) and their impacts
Conclusion
List of References.
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 can result in your being unable to submit the group assignment
and awarded a mark of zero for the group assignment.
Find a recent news article discussing a change in market condition(s) of an industry in 2018-2019,
for example an observed change in market supply of a good/service or a change in consumers’ taste
and preferences for a good/service. The industry must be ONE of the following in Australia:



Agriculture production
Property market
Mining industry
Using theories of economics, such as the demand and supply model and determinants of demand
and supply, explain the impacts of changing market conditions on the price and quantity of goods
or services traded. Support your analysis with market data.
The assignment must, as a minimum, include:
• an introduction;
• a description of the relevant market including the product or service, degree of
competitiveness, and market structure that characterises the market for that product or
service;
• an analysis (including appropriate diagrams) of how changing market condition(s) are
influencing, or have influenced, or may influence price and quantity, and
• a conclusion.
The news article you collect must be attached to your assignment.
Page 3 of 4
HC1072 Economics and International Trade
Marking Rubric for the Written Report
Criteria
Excellent (>=80%)
Very good (70-79%)
Good (60-69%)
Satisfactory (50-59%)
Unsatisfactory (<50%)
Description about
the relevant
market, degree of
competitiveness,
and market
structure
(7.5 marks)
Excellent description about the
market and degree of
competitiveness. Correctly
identify the market structure,
supported by comprehensive
and updated data.
Very good description about
the market and degree of
competitiveness. Correctly
identify the market
structure, supported by
some updated data.
Good description about the
market and degree of
competitiveness. Correctly
identify the market structure,
supported by few updated
data.
Fair description about
the market and degree
of competitiveness.
Correctly identify the
market structure,
supported by a limited
amount of data
provided.
Poor description about
the market and degree
of competitiveness.
Incorrectly identify the
market structure.
Analysis of the
market conditions
and their impacts
on the market
price and
quantity
(15 marks)
Excellent analysis of the market
conditions and their impacts on
market price and quantity,
supported by correct diagrams
as well as comprehensive data
from the market.
Very good analysis of the
market conditions and their
impacts on market price
and quantity, supported by
correct diagrams as well as
some data from the market.
Good analysis of the market
conditions and their impacts
on market price and quantity,
supported by correct diagrams
but limited data from the
market.
Fair analysis of the
market conditions and
their impacts on market
price and quantity,
supported by very
limited data from the
market or incorrect
diagrams.
Poor analysis of the
market conditions and
their impacts on market
price and quantity,
supported by no data
from the market and
incorrect diagrams.
The degree of
research, the
format, structure,
presentation, and
writing of the
report
(7.5 marks)
– 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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HC1072 Economics and International Trade

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