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Assessment 3
Assessment Type: Research Report – 2500 words report – Team (Paired) assessment.
Purpose: To enable students to research, critically analyse and evaluate the impacts of macroeconomic performance of Australia on Australian business, identifying appropriate responses taking into account stakeholder expectations and concerns. This assessment contributes to Learning Outcomes b, c and d.
Value: 20% Due Date: Friday Week 10
Submission: One soft copy of the report to be uploaded to Moodle Turnitin – Word .doc or .docx. Topic: Evaluation of macroeconomic performance of Australia.
Task details: Students will complete a research-based analysis and evaluation of the macroeconomic performance of Australia and New Zealand for the period 1990 to 2015. The response needs to be developed into a professionally presented report of 2500 words. Students will follow the following procedure:

  1. (1) Obtain data on key macroeconomic indicators: real GDP, Real GDP (PPP), inflation rate, foreign direct investment (FDI) and exports and imports.
  2. (2) Graph and discuss the relationship between Australia’s and New Zealand’s real GDP per capita (PPP) growth rates. In particular, according to the data:
    1. Which country’s real GDP per capita is a more stable?
    2. Which country recovered faster from the GFC in 2008?
    3. Which country has a stronger purchasing power (PPP)?
  3. (3) Discuss the relationship between of Australia’s FDI growth and Real GDP (PPP) growth; Australia’s FDI growth and net exports growth (i.e., % (exports – imports); Australia’s FDI growth and exchange rate growth; and Australia’s FDI growth and inflation rate. Illustrate your discussion with summary statistics and pairwise graphs.
  4. (4) Conduct a multiple regression analysis (in log-linear form) of FDI growth on Real GDP (PPP) growth exchange rate growth; net exports growth and inflation rate. Discuss the impact of each variable on FDI growth.
  5. (5) Discuss the policy implications of your results from (3) – (4) above.

BUS700 ECONOMICS T219 18/06/2019 16:42 PAGE 9 OF 16 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: 72 132 629 979 CRICOS 03171A
Approved by KOI Academic Board for T2 2019
BUS700
Research Requirements: Students need to support their analysis with a minimum of 10 academic journal articles plus the text. Students aiming for a Credit or higher grade will need to use more sources. Articles should be relevant and recent. Non-academic journal sources may also be used, but relevance and validity should be clarified with the lecturer/tutor.
Presentation: Report format – 2500 words report – in Word.doc or .docx. Title page, executive summary, table of contents, appropriate headings and sub-headings, recommendations/findings/conclusions, in-text referencing and reference list (Harvard – Anglia style), attachments if relevant. Single spaced, font Calibri 11pt.
Source of Data:
Recommended sources of data are:
owww.abs.gov.au
owww.rba.gov.au
owww.imf.org
owww.worldbank.org.
ohttp://datatopics.worldbank.org/world-development-indicators/
However, data may also be obtained from other credible sources. Also, recommended readings for government policies include:
oStatement on Monetary Policyof the Reserve Bank of Australia for insights of monetary policies in Australia.https://www.rba.gov.au/publications/smp/
oBudget documentsfor insights of fiscal policies in Australia.https://www.budget.gov.au/2018- 19/content/documents.html
Other Notes:

  1. This assignment is paired-assignment and students must form a pair (2 people) for the assignment. One person or more than two-people assignment will not be accepted, unless permission is granted by the lecturer for special circumstances.
  2. Names and ID numbers of students in the group must be clearly printed on the Assignment Cover Sheet. A member,who does not contribute to the discussion and assignment, must be marked as “Not contributed” in a bracket following the student’s name and ID.
  3. Students must follow an appropriate format explained below.Not following appropriate format will cause a loss of some marks.

oAll analytical contents must be clearly typed and printed. Hand-written report will NOT be accepted.
oAppropriate heading or sub-title of each section must be typed and used.
oYou must analyse, explain and show how and why you draw your conclusion.
oYou must also draw and include appropriate and relevant graphs and tables together in your explanation. Draw themusing Microsoft Power Point/Word/Excel, NOT hand-drawn.

  1. Plagiarism(copying the paper from other group) is a serious violation of copy right. It will be penalised and attract a very heavy loss of marks – “Fail”. Make sure your team member does not show your work to another group(s).Both who show the work and who copy the work will lose their marks heavily and fail in the assessment.
  2. Only ONE COPY of the research paper from each group is required to be submitted.

BUS700 ECONOMICS T219 18/06/2019 16:42 PAGE 10 OF 16
*AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: 72 132 629 979 CRICOS 03171A
Approved by KOI Academic Board for T2 2019
BUS700
6.Make sure that the two of you in your group discuss and work together, read and check everything in the research paper before submission, once completed.
Marking Guide:
Total mark will be scaled to a mark out of 20. A full Marking Rubric is provided below and also available in Moodle.
Knowledge and understanding of topic 20% Critical thinking, analysis and evaluation 20% Reading and Research 20% Written presentation 20% Identify examples, both historical and current,
and make policy recommendations for improvement 20%
BUS700 ECONOMICS T219 18/06/2019 16:42 PAGE 11 OF 16 *AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: 72 132 629 979 CRICOS 03171A
Approved by KOI Academic Board for T2 2019
BUS700
Marking Rubric for BUS700 Economics
Assessment 3: Research Report, Paired-Assignment.

Criteria Fail
(0-49%)
Pass
(50-64%)
Credit
(65-74%)
Distinction
(75-84%)
High Distinction
(85-100%)
Knowledge and understanding of economics
(20 marks)
Demonstrates little or no understanding and knowledge of the basic concepts, principles and theories. Demonstrates some understanding and knowledge of the basic concepts, principles and theories, and still developing knowledge of some economic indicators and mechanism. Demonstrates solid understanding and knowledge of most concepts, principles, theories, economic mechanism and topic areas. Shows ability to relate them to practical questions. Demonstrates full understanding and knowledge of concepts, principles, theories, economic mechanism and topic areas. Shows proficiency in relating them to a greater range of practical questions and topical issues. Demonstrates excellent understanding and knowledge of concepts, principles, theories, economic mechanism with great awareness of a range of economic and para-economic issues. Shows extended and deeper insight to a professional level and high degree of proficiency in explaining various economic phenomena in the real world.
Critical thinking, analysis and evaluation
(20 marks)
Little or no ability to identify key issues. Unable to build up logical arguments and analysis, and evaluation of the issues in question. Limited ability to identify some key issues but acceptable level of arguments and analysis. Presents basic evaluation method but does not sufficiently supports for the analysis. Fair ability to identify most key issues and expected level of arguments and analysis with critiques. Presents appropriate analytical and methodological tools for evaluation and the analysis. Greater ability and flexibility to identify most key issues and other related discussions with highly logical arguments, critiques, and in-depth analysis and elaboration. Presents application and comparison of different evaluation methods with strengths and limitations. Excellent ability and flexibility to fully identify all key issues and a broader range of related discussions with highly logical arguments, critiques, and in- depth analysis and elaboration at a greater degree. Presents professional level of application and comparison of different and more complicated evaluation methods with strengths and limitations.
Reading and Research
(20 marks)
No description of research objectives, source and use of data. Unable to identify recent journals and publications on the research topic. Simple and basic description of research objectives, source and use of data, but not very clear. Limited use of charts and diagrams. Refers to some discussions in journals and publications but does not incorporate. Succinct description of research objectives, source and use of data with a bit of details. Active use of charts and diagrams. Application and incorporation of recent discussions in journals and publications into the research. Well-defined, detailed description of research objectives, source and use of data. Using creative charts, diagrams and tables differentiated to an advanced level. Extended application and incorporation of discussions in journals and publications beyond other’s views for further thoughts. Excellent, precise and full description of research objectives, source and use of data. Highly creative and effective use of charts and diagrams substantiated with more detailed tables and references to an expert level. Extended and further articulated application and incorporation of recent discussions in journals and publications to a more insightful level.
Written presentation
(20 marks)
Little or no knowledge of report format and structural flow. Poor written expression with many disjointedness, spelling and/or grammatical errors. Information sources not referenced. Limited knowledge of report format but acceptable structural flow. Written expression with some disjointedness, spelling and/or grammatical errors. Information sources referenced with some errors. Clear knowledge of report format with right structural flow. Fair level of written expression with little disjointedness, minimal spelling and/or grammatical errors. Information sources referenced with little error. Advanced knowledge of report format with well-synthesised and elaborated structural flow. High quality written expression with no presence of disjointedness, spelling and/or grammatical errors. Information sources referenced with accuracy and consistency. Professional knowledge of report format with ability and capacity to synthesise highly sophisticated and cohesive structural flow in a great degree. Superior and scholarly quality written expression with no disjointedness, spelling and/or grammatical errors. Information sources referenced with accuracy and consistency.

BUS700 ECONOMICS T219 18/06/2019 16:42
*AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD ©
ABN: 72 132 629 979
PAGE12OF16 CRICOS 03171A
Approved by KOI Academic Board for T2 2019
BUS700

Conclusions and policy recommendations
(20 marks)
Little or no interpretations and implications. Presents no policy recommendation and outlook. Some basic interpretations and implications at a limited level. A few points but not clear policy recommendations and outlook. Fair and expected level of interpretations and implications with some details, though not thorough. Some thoughtful policy recommendations and sound outlook supported by details. Concise and thorough interpretations and implications with the key details. More thoughtful and insightful policy recommendations, and sound outlook with well-constructed reasons and own views. Excellent interpretations and implications compared in great details succinctly for different stakeholders. Presents highly thoughtful policy recommendations with deeper insight, and sound outlook with well-constructed reasons and highly professional views. Suggests further discussion points and study area.
Total mark out of 100 Comment:
Assessment mark _____ / __20___

BUS700 ECONOMICS T219 18/06/2019 16:42 PAGE 13 OF 16
*AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD © ABN: 72 132 629 979 CRICOS 03171A
Approved by KOI Academic Board for T2 2019
BUS700
Assessment 4
Assessment Type: Final Exam – closed book exam – individual assessment.
Purpose: The purpose of the final examination is to test your understanding of course concepts and your ability to apply these concepts. The examination may cover materials used in tutorials, class discussions and/or from the readings. This assessment contributes specifically to learning outcomes c and d.
Value: 50% Due Date: The final exam will be held in the official KOI exam period in Week 14 of the trimester. The specific date and time will be posted towards the end of the
trimester.
Topic: The examination will cover contents from weeks 7 – 12, – macroeconomics part.
Task Details: The final exam will consist of short and/or longer answer questions requiring students to use the subject theory and models to apply to specific situations, and develop supported recommendations /solutions. Further details may be provided during the trimester.
3.2 Late Penalties and Extensions
An important part of business life and key to achieving KOI’s graduate outcome of Professional Skills is the ability to manage workloads and meet deadlines. Consequently, any assessment items such as in-class quizzes and assignments missed or submitted after the due date/time will attract a penalty (see below).
Students who miss mid-trimester tests and final exams without a valid and accepted reason (see below) may not be granted a deferred exam and will be awarded 0 marks for assessment item. These penalties are designed to encourage students to develop good time management practices, and create equity for all students.
Any penalties applied will only be up to the maximum marks available for the specific piece of assessment attracting the penalty.