Studying MBA, macroeconomic industry analysis in australias banking industry, asper attached assessment guideline. referencing required in harvard style.
GSB013 Economics for Managers: Unit Guide
Assessment Task 2
Macroeconomic Industry Analysis
Due: Week?
Value: 45%
Length: 2500 words.
Task description
Select one of the following industries
• Australian Banking Industry;
• Australian Domestic Airline Industry;
• Australian Coal Industry;
• Australian Education Sector: International Education;
• Australian Iron Ore Manufacturing Industry;
• Australian Not-For-Profit Sector;
• Australian Tourism Industry; or
• Another industry of your choice (if you select this option, before commencing this assignment, discuss your alternative industry choice with the unit facilitator).
You are required to investigate the industry to some depth, using your understanding of business economics, and to:
a. Estimate the industry’s contribution to Australia’s annual GDP. What proportion of GDP does this represent? Explain.
b. Describe and analyse the industry’s relationship with Governments.
c. Select three (3) of the following six (6) scenarios. Using macroeconomic theories, determine and describe what you predict may happen in your selected industry if:
i. Australia’s rate of unemployment increases to 10%;
ii. Australia’s inflation rate increases to 6%;
iii. The Australian Government decreases the corporate taxation rate to 20%;
iv. The Reserve Bank of Australia increases the cash rate to 5%;
v. The value of the Australian Dollar (AUD) decreases by 10% against other key currencies;
vi. China reduces imports by 10%;
Provide brief explanations for each of your three predictions
d. Write a conclusion which includes the insights which you have gained from this assessment task.
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GSB013 Economics for Managers: Unit Guide
Assessment Submission Requirements:
1. Your assessment is to be written as a business report.
2. Include a minimum of 3 suitable academic journal articles in your assignment. You can search the AIM Library database, or use some of the ones provided in the Additional resources section under each topic in my ABS. You also will need to also have to research other online industry related articles to support your research.
3. Your report must be 2,500 words (+/-10%). Note: the title page, contents page, executive summary, tables, reference list and appendices are not included in the word count.
4. Appendices and tables may be used to clarify and support your arguments but should not be used to circumvent the word count limit. Use appendices, please use these sparingly.
Submit to the Assessment section of myABS as one document.
5. Submit only a word document (i.e. .doc or .docx). The assignment should be presented on A4 paper with margins of 2.5cm on all sides. Your report should be 1.5 line spaced and use Arial 12-point font.
Assessment Criteria
Please refer to the detailed marking rubric on the next page.
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GSB013 Economics for Managers: Unit Guide
Rubric: Assessment Task 2
MACROECONOMIC INDUSTRY ANALYSIS
Assessment criteria Fail (0-49%) Pass 50-64% Credit (65-74%) Distinction (75-84%) High Distinction (85-100%)
Criterion 1: Concepts (20%) Demonstrates wide reading. Demonstrates understanding of Macroeconomic concepts. Very limited or no research undertaken. Demonstrates little attempt to use academic sources. Uses mostly generic websites or other irrelevant sources representing limited points of view/ approaches. Relevant Macroeconomic concepts and theories not understood and/or summary description vague or unclear. Demonstrates an attempt to research and use credible and/or relevant academic sources but relies on textbooks and other recommended readingas references. Demonstrates to a certain extent, understanding of relevant Macroeconomic concepts and theories. Researched and identified relevant information from both academic and credible business references. Demonstrates a good understanding of three Macroeconomic concepts & theories. Demonstrates use of academic sources and credible economics and business literature to support ideas. Demonstrates skilful research and use of high quality, credible, academic or business reference sources. Consistently demonstrates complete, accurate, engaging, and insightful understanding of core and advanced Macroeconomic concepts and theories.
Criterion 2: Analytical Thinking (25%) Demonstrates analytical thinking in relation to Macroeconomics concepts. Demonstrates analytical thinking in relation to industry examples. Has difficulty determining relevant Macroeconomic concepts and theories. Macroeconomic issues /problems related to selected industry not clearly stated. Macroeconomic concepts and theories are not understood and/or are misapplied to selected industry. Overly descriptive and more analysis is required. Does not move beyond a simple summary and description of relevant Macroeconomic concepts and theories. Industry description may be unclear or ambiguous and requires more information. Good balance between description and analysis of relevant Macroeconomic concepts and theories but may be incomplete. Clearly states and describes issues/ debates relating to selected industry. Explains why are important. Macroeconomic issues relating to selected industry considered critically and described comprehensively. Demonstrates complete, accurate, engaging, and insightful understanding of relevant core and advanced Macroeconomic concepts and theories, presents various points of view/approaches to situation in selected industry.
Criterion 3: Practical application of Macroeconomic concepts (20%) Demonstrates practical application of selected Macroeconomic concepts to selected organisation. Shows inaccurate and superficial understanding of core Macroeconomic concepts and theories and their application to selected industry. Very limited or no attempt to relate Macroeconomic concepts and theories to industry situation. Fewer no industry examples provided to support argument or recommendations. Description of Macroeconomic issues/problems related to the industry may be unclear or ambiguous and require more information. Limited industry examples provided to support argument or recommendations Demonstrates good understanding and use of core Macroeconomic concepts, theories and debates, but shows uneven application of these to selected industry. Displays a superior grasp of relevant macroeconomic concepts/ issues/ debates relevant to the selected industry. May use some diagrams to explain arguments made to convey complex ideas simply. Displays an exceptional awareness of relevant macroeconomic concepts/ issues/ debates relevant to selected industry. Suggests alternative options, and their potential outcomes.
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GSB013 Economics for Managers: Unit Guide
Criterion 4 Conclusions/ Recommendations (15%) Conclusions or recommendations well-articulated and clearly drawn from discussion and analysis. Conclusions and any recommendations are inconsistently related to the information discussed in the report. Conclusions and recommendations are ambiguous, illogical, or unsupported by discussion of selected Macroeconomic concepts and theories, and/or analysis of selected industry. Conclusion is general and partly drawn from discussion of selected Macroeconomic concepts and theories, and selected industry. Conclusion is broad and may apply to industries in general. Recommendations were appropriately applied to selected industry and its unique circumstances. Includes limited discussion of potential consequences and implications of recommendations. Logical conclusions and recommendations reflect evaluation of selected industry. Explains some consequences and implications of recommendations. Opposing viewpoints discussed and considered in recommendations. Comprehensive discussion of consequences and implications of recommendations.
Criterion 5 Structure and writing (10%) Academic writing appropriate to postgraduate level of study. Work is logically sequenced and ideas are clearly expressed. Writing style is extremely weak and difficult to follow and/ is highly inappropriate for formal academic work. Inconsistent or confused structure. Grammatical and/or spelling errors evident throughout. Writing style is sometimes difficult to follow. Grammatical and spelling lapses are relatively frequent. An identifiable and effective introduction and conclusion, with some weaknesses in organisation and structure. Attempt made to devise a clear structure but may not be followed consistently. Writing style fairly easy for reader to follow. A few grammatical and spelling errors. Very good clarity and communication of ideas, and a very effective and logical structure that supports the arguments. Minimal grammatical or spelling errors, or other errors. Strictly adheres to scholarly and report presentation requirements. Information is superbly organised Contains few if any grammatical or spelling errors.
Criterion 6 Presentation and format (10%) Documents presentation appropriate to postgraduate level of study. Requisite references presented in Harvard referencing style. Within required word count. Presentation is either careless throughout or suggests an absence of attention to detail. Excessively under or over word limit. Many errors using Harvard Referencing Style for citations quoting, paraphrasing, and reference list. Basic adherence to academic presentation requirements but shows some lack of attention to detail. Within word limit (excluding reference list and any appendices). Attempted to correctly use Harvard Referencing Style for citations quoting, paraphrasing, and reference list, but may be a number of errors. Good adherence to scholarly and report presentation requirements. Within word limit (excluding reference list and any appendices). Generally correctly uses Harvard Referencing Style for citations quoting, paraphrasing, and reference list. Minimal report structure and presentation errors. Harvard Referencing style was used well, for almost all citations quoting, paraphrasing, and reference list. May be one or two minor citation or referencing errors. Strictly adheres to scholarly presentation requirements. Impeccable use of Harvard Referencing style was used well, for almost all citations quoting, paraphrasing, and reference list, with all sources consistently and fully documented.
Applicable only in the event of late submission without an approved extension. Please refer to the policy outlined in the Student Handbook. 1 day late 2 days late 3 days late 4-6 days late
-10 marks -20 marks -30 marks -45 marks
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