ECON6000 Economic Principles and Decision Making

ASSESSMENT 1 BRIEF 

   
   

Individual/Group 

Individual

Length 

Max 2500 words per question

Learning Outcomes 

1. Understand the main questions in Economics besides the  basic concepts of demand and supply, equilibrium price and  quantity covered in Microeconomics 

2. Understand the working of invisible hand in handling both  shortage and surplus in the economy along with the ability  to explain the core microeconomic concepts with reference  to Australian economy 

3. Analyse the applicability of such concepts to real time  economic situations to display sound understanding

Submission 

End of Week 6 (Module 3) – Sunday 11:59pm

Weighting 

40%

Total Marks 

40 marks

Task Summary – Assessment 1: Report- Microeconomics 

Your topic will be an ongoing issue in the Australian economy. You are required to identify, discuss and analyse the core microeconomic  contents and write a report covering all the relevant concepts discussed in class. You will only focus on microeconomic environment to  address the issue. The maximum length of your report is 2500 words. Your report should have sound academic references (minimum 6  references); your references cannot be from blogs. The purpose of this assignment is to test 

your understanding of the basic and core Microeconomic concepts besides,  

your ability to analyse and apply the core concepts to the current issues affecting the Australian economy from a Microeconomic  perspective 

your ability to use relevant theories and diagrams to support your answer 

- Context 

You are expected to submit this assessment 1 at the end of Week 6 of the trimester. You are required to draw links between the scenario, the  learning resources and any other discussion that may you may have had in class. You are encouraged to clearly display your understanding of  the core microeconomic concepts. You will lose marks if you have less than 6 academic references to support your answer 

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.

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