ASSESSMENT 3 BRIEF
Subject Code and Title ECON6000 Economic Principles and Decision Making
Assessment Assessment 3: Reflective Journal
Individual/Group Individual
Length Up to 1500 words maximum
Learning Outcomes 1. Successfully prepare a reflection indicating how this unit has helped you understand the core economic concepts and applying these to real time environment
Submission Week 11 (Module 6.1) – Friday 11:55pm AEST
Weighting 20%
Total Marks 20 marks
ECON6000_Assessment_3_Brief_individual_due in Week 11
Context
This assessment allows you to reflect on how assessments 1 and 2 have helped you to understand the overall subject contents and apply the core concepts in real-time job environment. This assignment is to mainly help you reflect how the unit has helped you with a sound understanding of the volatility of business environment and effective decision making as business economists. Your reflection will be a maximum of 1500 words. You will have a minimum of 6 academic references to support your answer. Do not include information from blogs. You will follow APA 6th edition referencing style.
Referencing
It is essential that you use appropriate APA style for citing and referencing research. Please see more information on referencing here. http://library.laureate.net.au/research_skills/referencing
Submission Instructions
Write instructions explaining where students will submit assessment in the LMS portal
• e.g. Submit digital presentation slides/notes via the Assessment link in the main navigation menu in SUBJECT CODE: Subject name. The Learning Facilitator will provide feedback via the Grade Centre in the LMS portal. Feedback can be viewed in My Grades.
Below is a guide to constructing rubrics. Please adapt appropriately and adjust the criteria you use to assess.
Assessment Rubric
Assessme nt Attribute s Fai l
(Yet to achieve minimum standard) 0-49% Pass
(Function al) 50-64% Credit
(Proficien
t) 65-74% Distinctio n (Advance
d) 75-84% High
Distinction
(Exceptional)
85-100%
Knowledge and understanding of core Economics Content (30%)
Critical reasoning, presentation and defence of an argument and/or position (25 %)
No or limited understanding and knowledge of the core concepts; key areas not addressed; Limited or no evidence of research
Argument fails to consider the complexities of the issue(s) or scope of the assignments
Fair understanding and knowledge of the core concepts; Fair assertion of personal opinion with information substantiated by evidence.
Argument begins to take into account the issue(s) or scope of the assignments.
Good knowledge or understanding of the required concepts and knowledge of key areas Good assertion of personal opinion supported by evidences through research
Argument considers the complexities of the issue(s) or scope of the assignments. Others’ points of view are acknowledged
Highly developed understanding and knowledge of the field. Very good assertion of personal opinion; information well supported by research and evidence; good reading
Arguments are very sound indicating a solid understanding of the concepts
A sophisticated understanding of the discipline with sound assertion of personal opinion and information well supported by research
and good reading
Arguments presented expertly, authoritatively
and accurately considering the complexities of the issue(s) and scope of the assignments. Justifies the conclusions with
Sound arguments.
Analysis and application with synthesis of new knowledge
(25 %)
Limited synthesis and analysis and very limited application based upon analysis
Demonstrates fair analysis and synthesis of
new knowledge. Shows
the ability to interpret relevant information.
Well-developed analysis and synthesis of new knowledge. Sound application of concepts.
Thoroughly developed analysis and synthesis of new knowledge. Near
excellent recommendations
Highly sophisticated, creative analysis; synthesis of new with existing knowledge. Excellent application of knowledge.
Quality of the answers
Poor assignment; limited
Just a fair assignment; fair
Good assignment; good
Very good overall; sound
Excellent display of
with application of new application of new application of new display of application of display of application of application of new
concepts (10%) knowledge related to knowledge related to the new knowledge related to new knowledge related to knowledge related to
economic concepts
economic concepts.
the economic concepts
economic concepts
. economic concepts
Managing Time and
Poor time management
Barely able to manage time
Good time management
Sound time management
Excellent time
purpose of the with delay in submission with minimal information with good information from with proficient level of management,
assessment (10%) of the assignment; poor from scholarly sources; scholarly sources. Good information from scholarly understanding of the
understanding of the limited understanding of the understanding of the sources. Proficient purpose and a timely
purpose of this purpose of this assessment purpose of this assessment understanding of the submission of the
Assessment
purpose of this assessment
assignment accompanied by excellent research from scholarly sources.
he following Subject Learning Outcomes are addressed in this assessment
SLO A) Interpret and successfully apply the economic concepts
SLO
C) Apply new knowledge and display understanding of the various costs
SLO D) Ability to critically evaluate the role and impact of the government in Australian economy.