{"id":4727,"date":"2023-03-07T07:32:40","date_gmt":"2023-03-07T07:32:40","guid":{"rendered":"https:\/\/essaybishops.com\/?p=4727"},"modified":"2023-03-07T07:32:43","modified_gmt":"2023-03-07T07:32:43","slug":"eco601-economic-principlesassessment-presentation","status":"publish","type":"post","link":"https:\/\/www.colapapers.com\/uk\/eco601-economic-principlesassessment-presentation\/","title":{"rendered":"ECO601 Economic Principles<br>Assessment Presentation"},"content":{"rendered":"<p>A SSESSMENT 1 BRIEF<br \/>\nSubject Code and Title ECO601 Economic Principles<br \/>\nAssessment Presentation<br \/>\nIndividual\/Group Individual<br \/>\nLength 15 minutes (+\/- 10%) recorded video presentation with PowerPoint slides &amp; a one-page brief presented in class for a length of 5 to 7 minutes.<br \/>\nLearning Outcomes This assessment addresses the following subject learning outcomes:<br \/>\na) Assess economic systems within the context of resource allocation.<br \/>\nb) Apply and appraise the fundamental principles of microeconomics and macroeconomics. ====&gt; Microeconomics and macroeconomics are two branches of economics that study the behavior of individuals, firms, and markets and the economy as a whole, respectively. Both microeconomics and macroeconomics are based on fundamental principles that are essential for understanding economic decision-making and policy.<\/p>\n<p>Fundamental principles of microeconomics:<\/p>\n<p>Scarcity: Resources are limited, and therefore, individuals and firms must make choices about how to allocate them to satisfy their unlimited wants and needs.<\/p>\n<p>Opportunity cost: Every decision has an opportunity cost, which is the value of the best alternative forgone.<\/p>\n<p>Marginal analysis: Individuals and firms make decisions based on the additional benefit and cost of each unit of a good or service.<\/p>\n<p>Supply and demand: The price and quantity of goods and services in a market are determined by the interaction of supply and demand.<\/p>\n<p>Market efficiency: Competitive markets allocate resources efficiently by maximizing the total surplus of consumers and producers.<\/p>\n<p>Fundamental principles of macroeconomics:<\/p>\n<p>Aggregate demand and supply: The total demand and supply of goods and services in an economy determine the level of output and prices.<\/p>\n<p>Economic growth: The long-run trend of increasing output and living standards is driven by improvements in technology and increases in the quantity and quality of inputs.<\/p>\n<p>Unemployment: The level of unemployment is determined by the mismatch between the demand for and supply of labor in the economy.<\/p>\n<p>Inflation: The rate of inflation is determined by the growth rate of the money supply relative to the growth rate of output.<\/p>\n<p>Fiscal and monetary policy: Governments and central banks use fiscal and monetary policy to stabilize the economy by adjusting government spending, taxes, and the money supply.<\/p>\n<p>Understanding these fundamental principles is crucial for analyzing economic problems and designing effective policies to address them.<br \/>\nSubmission Due by 11:55pm AEST\/AEDT Sunday end of Module 2.2. Presentation is done in class in Week 4.<br \/>\nWeighting 20%<br \/>\nTotal Marks 100 marks<br \/>\nAssessment Task<br \/>\nCarefully review the case given to you by the Learning Facilitator. You are required to identify, discuss and analyse the core microeconomic elements from the given case study and prepare a presentation. For attempting this assessment successfully, you will need to draw from the concepts discussed in Modules 1 and 2.<br \/>\nContext<br \/>\nEconomics is a subject that all individuals and businesses confront in their everyday lives. As a professional, you have probably encountered and resolved several economic questions with intuitive sense. The same intuition when grounded in knowledge of economics concepts and tools can make your business decisions more accurate, timely and gainful. Learning economics is a learning-by-doing process. Therefore, to practice your learnings in the unit so far, you are given a case from the list below. You are required to identify, analyse and present the issue\/s from the given case study.<br \/>\n\u2022 Economic principles<br \/>\n\u2022 Demand, supply and market equilibrium<br \/>\n\u2022 Production and costs, and,<br \/>\n\u2022 Market failures and the efficacy of government interventions.<br \/>\nInstructions<br \/>\nThe assessment has the following components:<br \/>\n1. 15 minutes (+\/- 10%) recorded video presentation using PowerPoint slides<br \/>\n2. An invigilated 5 to 7 minutes summary of the presentation in a one-page word document<br \/>\nYour recorded presentation will be assessed based on the Rubric &#8211; grade miners score below and must be approximately 15 minutes (+\/- 10%) long. PowerPoint slides should be used as your prop in the video. For the inclass presentation, you are required to summarise your pre-recorded presentation in a one-page word document. You will have 5 to 7 minutes to present your one-page summary to the audience in the form of a pitch talk. This briefing document should be sufficient to provide an overview of your presentation in the event where a key stakeholder is not able to see your presentation or needs something to refer to later.<br \/>\nYou need to ensure that your presentation is succinct and impactful. Your aim should be to finish your presentation with your audience being well-informed about the issues raised in the question and appreciative of your grounded-in-economics insight on the way to resolve\/alleviate the issues.<br \/>\nThink of your audience as stakeholders in the issue \u2013 examples being board of directors, media, community representatives, public servants etc. Pitch your presentation accordingly, at an appropriate level. You can watch the following YouTube video for some tips!<br \/>\n<iframe loading=\"lazy\" title=\"ReBuilding Nations 2020: Shamubeel Eaqub\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/eLeMuv6e7nc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><br \/>\nAs it is an invigilated test, summary presentation is compulsory. If you do not present the summary, then zero grade will be awarded.<br \/>\nThe materials you have covered in Modules 1 and 2 should provide you with the theoretical framework for the components to include in your presentation.<br \/>\nYour presentation should include at a minimum the following areas:<br \/>\n1. Identification and &#8211;  description of the issue\/s from the case study.<br \/>\n2. Graphical illustrations and explanation of how the economic theory or concept is exhibited in the case.<br \/>\n3. Theoretical framework\/economic principles to be applied in deriving solutions.<br \/>\nThe expectation is that you would also use graphs (such as demand-supply equilibrium, cost curves, PPF, etc.) to articulate your responses.<br \/>\nReferencing:<br \/>\nYou must recognise all sources of information; including images that you can include in your work. It is essential that you use the APA 7th format to write my paper; style for citing and referencing research. Please see more information on referencing in the Academic Skills webpage.<br \/>\nSubmission Instructions:<br \/>\nSubmit this task via the Assessment link in the main navigation menu in ECO601: Economic Principles. You are required to submit the 15-minutes (+\/- 10%) recorded video, PowerPoint slides and one-page summary in word document. The Learning Facilitator will provide feedback via the Grade Centre in the LMS portal. Feedback can be viewed in My Grades.<br \/>\nPlease note during the submission process: If you are required to submit more than one document, once your first item has been uploaded, click \u2018Browse Your Computer\u2019 to attach your extra documents as an appendix. Then click Final Submit button.<br \/>\nAcademic Integrity:<br \/>\nAll students are responsible for ensuring that all work submitted is their own and is appropriately referenced and academically written according to the Academic Writing Human Written Academic Papers &#8211; Guide. Students also need to have read and be aware of Torrens University Australia Academic Integrity Policy and Procedure and subsequent penalties for academic misconduct. These are viewable online.<br \/>\nStudents also must keep a copy of all submitted material and any assessment drafts.<br \/>\nSpecial Consideration<br \/>\nTo apply for special consideration for a modification to an assessment or exam due to unexpected or extenuating circumstances, please consult the Assessment Policy for Higher Education Coursework and ELICOS and, if applicable to your circumstance, submit a completed Application for Assessment<br \/>\nSpecial Consideration Form to your Learning Facilitator<br \/>\nLearning Rubric &#8211; grade miners score: Assessment 1 Presentation<br \/>\nAssessment Attributes Fail (Unacceptable) 0-49% Pass<br \/>\n(Functional)<br \/>\n50-64% Credit<br \/>\n(Proficient) 6574% Distinction<br \/>\n(Advanced)<br \/>\n75 -84% High Distinction<br \/>\n(Exceptional)<br \/>\n85-100%<br \/>\nIdentification and &#8211;  description<br \/>\nof the issue<br \/>\nUnderstands theoretical models and concepts<br \/>\n10% 5% Sufficient Discussion of Issues<br \/>\nDescription of the issue not present. Issue described briefly. Thorough &#8211;  description of the issue. Highly developed &#8211;  description of the issue. A sophisticated of the issue provided.<br \/>\n5% Identification of Issues<br \/>\nIssues underpinning the case study have not been identified.<br \/>\nResembles a recall or summary of key ideas.<br \/>\nDemonstrates a capacity to explain, identify and apply relevant concepts.<br \/>\nWell-demonstrated capacity to explain, identify<br \/>\nand apply relevant concepts.<br \/>\nMastery of identification and application to new<br \/>\nsituations\/further learning<br \/>\nAnalysis of theoretical framework and<br \/>\neconomic<br \/>\nprinciples<br \/>\nCritically analyses and discusses 10% Analysis of Demand, Supply and Market Equilibrium<br \/>\nLimited analysis of demand, supply and market equilibrium. Satisfactory analysis of demand, supply and market equilibrium. Thorough analysis of demand, supply and market equilibrium. Highly developed analysis of demand, supply and market equilibrium. Sophisticated analysis of demand, supply and market equilibrium.<br \/>\n10% Analysis of Efficacy of Government Intervention<br \/>\nDemonstrates limited understanding of the efficacy of government interventions. Demonstrates functional knowledge of the efficacy<br \/>\nof government interventions. Demonstrates proficient analysis of the efficacy of government interventions. Demonstrates advanced analysis of the efficacy of government interventions. Demonstrates exceptional analysis of the efficacy of government interventions.<br \/>\neconomic<br \/>\nprinciples<br \/>\n30% 10% Critical Analysis of the Issues<br \/>\nAccesses and utilises a limited range of<br \/>\ninformation as the basis of recommended practice. Accesses a variety of information and utilises<br \/>\nthe information somewhat satisfactorily as the basis of recommended practice. Accesses a wide range of information and utilises the information satisfactorily as the basis of recommended practice. Accesses an extensive range of information and utilises the information extensively as the basis of recommended practice. Accesses information comprehensively and utilises the information thoroughly as the basis of recommended practice.<br \/>\nApplication of<br \/>\nknowledge to practise<br \/>\nArticulates a sound economic solution<br \/>\n20%<br \/>\n10% Key Components Addressed and Information Sufficiently Justified<br \/>\nKey components of the assessment are not addressed. Often confuses assertion of personal opinion with information substantiated by evidence from the course materials\/research. Supports personal opinion and information substantiated by evidence from the course materials\/research. Distinguishes between assertion of personal opinion and information substantiated by robust evidence from the course materials\/research and extended reading. Systematically and critically distinguishes between assertion of personal opinion and information substantiated.<br \/>\n10% Justification of Solution Suggested<br \/>\nSolution presented lacks evidence and justification. Solution presented shows some evidence and justification. Solution presented demonstrates sound evidence and justification. Solution presented demonstrates highly developed evidence and justification. Solution presented<br \/>\ndemonstrates<br \/>\nsophisticated evidence and justification.<br \/>\nEffective 10% Clarity of Presentation, Ideas and Arguments Logical and Persuasive<br \/>\nCommunication<br \/>\nWell-structured presentation with clear flow of ideas<br \/>\nPercentage for this criterion<br \/>\n30% Difficult to understand for audience, no logical\/clear structure, poor flow of ideas, argument lacks supporting evidence. Information, arguments and evidence are presented in a way that is not always clear and logical. Information, arguments and evidence are well presented, mostly clear flow of ideas and arguments. Information, arguments and evidence are very well presented; the presentation is logical, clear and well supported by evidence. Expertly presented; the presentation is logical, persuasive, and well supported by evidence, demonstrating a clear flow of ideas and arguments.<br \/>\n10% Level of Engagement with Audience<br \/>\nAudience cannot follow the line of reasoning. Line of reasoning is often difficult to follow. Line of reasoning is easy to follow. Line of reasoning is easy is persuasive. Engages and sustains audience\u2019s interest in the topic, demonstrates sophisticated reasoning.<br \/>\n10% &#8211; &#8211; One Page &#8211; Summary Presented in Class<br \/>\nPresentation not properly Basic presentation made Satisfactory presentation Good presentation which Presentation aptly captures executed, main aspects not which does not fully cover which could benefit from identifies main issues and the main aspects of the<br \/>\naddressed and lacks all aspects. Improvement more rigour and discharged at a good assignment and is professionalism. needed on delivery to professionalism standard. exceptionally executed audience.<br \/>\nCorrect citation of key resources<br \/>\nand evidence<br \/>\nPercentage for<br \/>\nthis criterion<br \/>\n10% Demonstrates inconsistent use of good-quality, credible and relevant resources to support and develop ideas.<br \/>\nLittle or no care has been taken to provide Demonstrates use of credible and relevant resources to support and develop ideas, but these are not always explicit or well-developed.<br \/>\nSome effort has been taken to provide citations and Demonstrates use of good- quality, credible and relevant resources, to support and develop ideas.<br \/>\nCitations and reference have been provided Demonstrates use of high- quality, credible and relevant resources to support and develop arguments and statements.<br \/>\nCitations and reference have been provided Demonstrates<br \/>\ncomprehensive use of highquality, credible and relevant resources to support and develop arguments and position statements.<br \/>\nCitations and reference have been provided<br \/>\nappropriate citations and references in the recommended format. references, but with omissions or errors. correctly and in the recommended format, but with minor error. correctly and in the recommended format with no error. correctly and in the recommended format with no error.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A SSESSMENT 1 BRIEF Subject Code and Title ECO601 Economic Principles Assessment Presentation Individual\/Group Individual Length 15 minutes (+\/- 10%) recorded video presentation with PowerPoint\u2026<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[124,298,1369,2370,2041],"tags":[2456,2457],"class_list":["post-4727","post","type-post","status-publish","format-standard","hentry","category-assessment-assignment-help","category-assessment-brief-assignment-help","category-assessment-brief-writing-help-uk","category-my-assessment-help","category-write-my-assessment-task-assignment-online","tag-eco601-economic-principles-assessment-presentation","tag-help-writing-assessment-assignment"],"_links":{"self":[{"href":"https:\/\/www.colapapers.com\/uk\/wp-json\/wp\/v2\/posts\/4727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.colapapers.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.colapapers.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.colapapers.com\/uk\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.colapapers.com\/uk\/wp-json\/wp\/v2\/comments?post=4727"}],"version-history":[{"count":1,"href":"https:\/\/www.colapapers.com\/uk\/wp-json\/wp\/v2\/posts\/4727\/revisions"}],"predecessor-version":[{"id":4730,"href":"https:\/\/www.colapapers.com\/uk\/wp-json\/wp\/v2\/posts\/4727\/revisions\/4730"}],"wp:attachment":[{"href":"https:\/\/www.colapapers.com\/uk\/wp-json\/wp\/v2\/media?parent=4727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.colapapers.com\/uk\/wp-json\/wp\/v2\/categories?post=4727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.colapapers.com\/uk\/wp-json\/wp\/v2\/tags?post=4727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}