HI5003 Economics for Business Assessment

HI5003 Economics for Business
HOLMES INSTITUTE
FACULTY OF
HIGHER EDUCATION
Group Assessment Details and Submission Guidelines
Trimester T3 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
ASSESSMENT
TYPE/Title
WEIGHT LEARNING
OUTCOMES
Word
Limit
Due date
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, February 05, 2021
(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.
Page 2 of 8
HI5003 Economics for Business
(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
1.
2.
3.
4.
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.
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 (Optional)
⎯ Introduction
⎯ Introduction to the company
⎯ Industry/sector background
⎯ 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)
⎯ Elasticity
⎯ Impacts of an event on the industry/company
⎯ 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 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 your company
(ii) An analysis of the market structure 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.
Page 3 of 8
HI5003 Economics for Business
Note:
a. 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).
b. 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.
c. 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
9. E-commerce
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
23. Fishing
24. Forestry
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
Page 4 of 8
HI5003 Economics for Business
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
68. Warehousing
69. Whole sale trade
70. Wine industry
Note:
(i) Two groups must not research on an identical industry or sector
(ii) The combination selected will be first come basis
(iii) Send email to your Unit Coordinator for approval of the topic
(iv) Sectors/Industry selected will be posted in form of weekly basis announcement
(v) Following (i) and (iv), before choosing a combination check to identify that the Sector or
industry not identified before seeking approval.
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.
Page 5 of 8
HI5003 Economics for Business
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
(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.
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.
Page 6 of 8
HI5003 Economics for Business
Group > Group Tools > Group Blog > Create Blog Entry
ProQuest
To login
Go to: http://www.holmes.edu.au/ > Login > Proquest
USERNAME: holmes2004
PASSWORD: holmes
Proquest Tips
HI5003 Economics for Business
___________________________________________________________________________________________________
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.
The analysis of a
recent event that
has some
-Excellent description of the
event
-Excellent discussion about the
likely 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
Page 8 of 8
HI5003 Economics for Business 8
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)
market, 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.
Approximate price: $22
We value our customers and so we ensure that what we do is 100% original..

With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.