Coursework Assignment Brief
Semester: Spring 2015 (A15)
Module Title: Business Economics
Business Management (Travel & Tourism) Management with Human Resource Management Business Management and Information Technology Human Resource Management with Information Systems BSc Accounting and Finance BA Accounting and Finance Oil and Gas Management Law with Management Business Studies
Format: Individual Report Presentation: No Any special requirements:
All work should be submitted on the Student Portal along with an acceptable Turnitin Report
Word Limit: 1,500 words each (+ or – 10%)
Deadline date for submission:
5.00pm, 31 March 2015
Learning outcomes to be examined in this assessment:
a) Identify the nature of resource cost structure and the practical significance of different costs;
b) Explain the factors influencing optimum size and the significance of demand and supply relationships;
c) Demonstrate an understanding of the relevance and limitations of economic theory to management decisions.
Percentage of marks awarded for module:
The individual report is 50% of the total marks for the module. Assessment criteria Explanatory comments on the assessment criteria Maximum marks for each section
Content, style, relevance, originality
Content will reflect the students’ ability to understand and to analyse business economics as taught.
Answers to be based on an interpretation of class hand-outs and evidence of background reading. That is, there should be clear demonstration of focused rigorous research from recognised authoritative sources. 50%
Format, referencing, bibliography
• The limit is not a guide, it is an instruction.
• Do not stray into tangential material. Always ask yourself – is what I’ve written relevant to the question set?
• Copy and Paste. Please try to refrain from doing this.
• Font size. Please use font size of approx.. TNR 12, Arial 12 size.
• Double space.
• Read (aloud) what you have written. If we can’t understand your argument, you will not get any credit for it. The Study Skills Handbook and Module provide detailed guidance on referencing. Ensure you reference your citations using the Harvard method. 10 %
Constructive critical analysis, introduction, conclusion
Demonstration of a clear understanding of the issues. Use of academic models. Clear focussed understanding of a topic.
Critical analysis is an important test of the student’s ability to evaluate business economics concepts.
Introductions and conclusions should briefly address the issues to be discussed and discussed respectively. 40%
Assignment Task: Individual Report
(This assignment comprises 50% of the final mark for this module)
You should answer the question in report form with introduction, main body and conclusion. “The British housing market has -deep, deep- problems, according to the Governor of the Bank of England. In an interview with Sky's Murnaghan show, Mark Carney warned that rising house prices represented the biggest current risk to the economy. He added that the number of large mortgages being approved to house buyers was on the rise and that the UK was in need of new house building. Mr Carney said: -The issue around the housing market in the UK … is there are not sufficient (numbers of) houses (being) built.-
One of the biggest issues of the UK economy if the constant changes in the housing market. Using the above article passage and any other you may research, write a report analysing what are, the main reasons for those changes. Is the microeconomic or the macroeconomic environment the one that affects prices most? Are the property market challenges linked more to supply or demand?, or maybe we have to consider macroeconomic issues like the exchanges rates, growth and unemployment?
You should include both sides of economics (macro and micro), and elaborate on the most relevant theories.