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HI5003 Economics for Business

Group Assessment Details and Submission Guidelines

Trimester

T2 2021

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. Finally, students should form their respective groups in the BB as GROUP of: 2 members or 3 members or 4 members, maximum. No Solo Group.

See Assignment Specifications for detailed requirements

Assignment Specifications Purpose:

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

⎯ Introduction

⎯ Company background

⎯ Industry/sector background

⎯ The market structure of the industry/sector

⎯ Micro-economic and macroeconomic factors that influence demand of the company’s product(s) or services

⎯ Micro-economic and macroeconomic factors that influence supply of the company’s product(s) or services

⎯ Elasticity

⎯ Recent macroeconomic event that affected the industry/company and, Australia ⎯ Recommendations

⎯ 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 510 years. Second, you are required to present a company strategy to your Management Board and to the Federal Government of Australia covering the next 5 years. Third, your Management Board requires that you make a presentation of your findings and strategies, and you prepare a 3000-word market report.

Note:

  1. 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).
  2. 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.
  3. 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: Floriculture industry
  2. Agriculture: fresh foods industry
  3. Construction services- Infrastructure and heavy construction
  4. Construction Services-Institutional and commercial building
  5. Construction Services-Renovation services
  6. E-commerce
  7. Education University and tertiary institutions
  8. Education: Early Childhood-Primary Education
  9. Education: Nursery and Education care sector
  10. Education: Private Schools education sector (Primary and secondary)
  11. Education: Private Technical and Further Education (TAFE) sector
  12. Education: Public Schools education sector (Primary and secondary)
  13. Education: Public Technical and Further Education (TAFE) sector
  14. Entertainment: Live performance industry
  15. Entertainment: recorded entertainment and cinema industry
  16. Finance: Superannuation services
  17. Financial services –Banking sector
  18. Financial services – Brokerage Services
  19. Financial services -Insurance Services
  20. Financial services -Tax and audit consulting
  21. Hair and beauty services
  22. Health Care services- Laboratory and diagnostic care services
  23. Health Care services- Private Health services
  24. Health Care Services-Dental care services
  25. Health Care-Disability services
  26. Healthcare services- Home care and Aged Care Services
  27. Internet services- Social networks or websites
  28. Internet services- Online forums
  29. Internet services (other)
  30. Information: land line telephone communications
  31. Leisure and hospitality: Marine tourism and charter vessels
  32. Leisure and hospitality: Cruise services
  33. Leisure and hospitality: Fast foods
  34. Leisure and hospitality: Hotel and Accommodation services
  35. Leisure and hospitality: Tour and Travels services
  36. Leisure and hospitality: Tourism and heritage sites
  37. Mannequins and modelling
  38. Manufacturing sector: Automotive industry
  39. Manufacturing sector: Ship building
  40. Manufacturing sector: food processing
  41. Manufacturing sector: beverages soft drinks including brewed and bottled drinks
  42. Manufacturing sector: beverages alcoholic drinks
  43. Manufacturing sector textiles, leather, clothing and accessories
  44. Manufacturing sector footwear and accessories
  45. Manufacturing sector: Furniture and wood products
  46. Manufacturing sector: pulp and paper products
  47. Manufacturing sector: printing including small and large production runs
  48. Manufacturing sector: metal and plastics manufacturing
  49. Manufacturing sector: chemical manufacturing and processing including fertilisers, pesticides
  50. Manufacturing sector: pharmaceutical, medicinal
  51. Manufacturing sector: cleaning products, toiletries,
  52. Manufacturing sector: cleaning products, toiletries,
  53. Manufacturing sector: cosmetics, photographic and explosives
  54. Manufacturing sector: machinery and equipment manufacturing including parts
  55. Manufacturing sector: furniture and fixtures manufacturing
  56. Manufacturing sector: Meat and meat products,
  57. Manufacturing sector: Dairy products,
  58. Manufacturing sector: Sugar and confectionery manufacturing,
  59. Manufacturing sector: Fruit and vegetable processing,
  60. Manufacturing sector: Bakery products,
  61. Manufacturing sector: Oil and fat manufacturing,
  62. Media and Entertainment- cinematography
  63. Media and Entertainment- Radio services
  64. Media and Entertainment-Music, dance and drama services
  65. Media and Entertainment-Television services
  66. Mining: Coal mining
  67. Mining: Gem and other natural resource industries
  68. Mining: Oil and gas industry
  69. Mining: Other minerals
  70. Petroleum exploration
  71. Pharmaceutical industry
  72. Postal and Warehousing Professional
  73. Property market, Rental, Hiring and Real Estate Services
  74. Publishing industry
  75. Quarrying industry
  76. Quaternary sector: Computing and ICT (information and communication technologies)
  77. Quaternary: Research and design (R&D)
  78. Quaternary: consultancy (offering advice to businesses)
  79. Racing industry
  80. Real Estate
  81. Recreation/ Hotel and restaurants
  82. Retail trade
  83. Sea food industry
  84. Scientific, Technical Services and Architectural services
  85. Telecommunication services - Mobile cell trade services
  86. Telecommunication services- Mobile phone manufacturing
  87. Telecommunication Services-Mobile phone repair services
  88. Textile industry
  89. Transport –Private bus services
  90. Transport Services-Private-for-hire Vehicle (non-rail) Industry
  91. Transport Services-Public bus services
  92. Transport services- Train services
  93. Utilities: Electricity supply services
  94. Utilities: Gas supply services
  95. Utilities: Water and Waste Services
  96. Utilities: Water, sewerage and drainage services
  97. Warehousing

Note:

  • Two groups must not research on an identical industry or sector
  • The industry or sector selection will be first come basis
  • Send email to your Unit Coordinator for approval of the topic
  • Sectors/Industry selected will be posted in form of weekly basis announcement
  • Following (i) and (iv), before choosing a combination check to identify that the Sector or industry not identified before seeking approval.

REFERENCING GUIDELINES: Holmes Adapted Harvard Referencing

Holmes has now implemented a Holmes adapted Harvard approach to referencing:

  1. Reference sources in assignments are limited to sources which provide full text access to the source’s content for lecturers and markers.
  2. Your Reference list is to be located on a separate page at the end of the essay and titled:

References.

  1. It should include the details of all the in-text citations, arranged alphabetically A-Z by author surname. In addition, it MUST include a hyperlink to the full text of the cited reference source.

For example;

Hawking, P., McCarthy, B. and Stein, A. 2004. Second Wave ERP Education, Journal of Information

Systems Education, Fall, http://jise.org/Volume15/n3/JISEv15n3p327.pdf

  1. All assignments will require additional in-text reference details which will consist of the surname of the author/authors or name of the authoring body, year of publication, page number of content, paragraph where the content can be found.

For example;

“The company decided to implement an enterprise wide data warehouse business intelligence strategy (Hawking et al, 2004, p3(4)).”

Adherence to Referencing Guidelines is Mandatory

If students do not follow the above guidelines:

  1. Students who submit assignments which do not comply with the guidelines will incur 10% penalty.
  2. Students whose citations are fake will be reported for academic misconduct.

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

  • Group Tools > File Exchange > Add File
  • Add a name for the file you want to upload. Browse for the file and submit.
  • Delete a file from the file exchange
  • 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

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, etc.

- 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.

- 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.

- 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.

Analysis of a recent macroeconomic event that has affected the firm/

-Excellent description of the event

-Excellent discussion about the impact of the event on the

-Very good description of the event

-Very good discussion about the likely impact of the event

-Good description of the event

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

-Reasonable description of the event

-Reasonable discussion about the likely impact of

-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%)

industry and, nation

(25% of the total mark)

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

on the market, supported by some good evidence

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

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

the event on the market, not supported by good evidence

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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