Week 7 – Macroeconomic fundamentals: GDP and business…

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ECON20039(HT2, 2018)Economics for Managers

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Assessment 2 (Research Essay) – Due: Week 7 Friday (31 Aug 2018) 5:00 pm AEST

Note: no submissions including automatically submitted by Moodle will be reverted to the draft after the due date.

This is assessment 2: Research Essay 30 marks

Length 3,000 words

Please note that this question requires substantial research (see the assessment criteria below).

Explain the market failure associated with negative externality. Choose an industry from your home country that creates a negative externality. (Hint: this is your case study that you need to describe in details, provide relevant information, use table, diagrams where appropriate).

How does the government address the negative externality in your case study? Explain using economic theory and illustrate it on a diagram. Suggest your ways in which the market failure associated with negative externality can be addressed. Explain using economic theory and a diagram. (Hint: use real life data from your case study).

Identify the market structure your case study belongs to. (Hint: Briefly explain four market structures, and identify the key factors that distinguish them such as number of sellers, type of product, entry conditions, profits and losses in the short and long run. Identify the key characteristics of your chosen case study in relation to the factors used to differentiate between the market structures. Use real data from your case study).

Using your case study, evaluate the efficiency of your chosen industry. (Hint: compare the allocation of resources and market outcomes between your chosen industry and perfectly competitive market structure using theory and real data from your case study). (26 marks)

Additional marks (4 marks)

Overall presentation of work, especially use of graphs, clear written expression. 2 mark

Appropriate use of referencing. 2 marks

Assessment criteria

  • You mustrefer to the textbook in the first instance. Besides the textbook, you should also refer to a few other academic books, journal articles and relevant websites in answering these questions.
  • Use in-text referencing and provide a list of references.
  • All submissions for this course must use the American Psychological Association (APA) referencing style (details can be obtained at https://www.cqu.edu.au/student-life/services-and-facilities/referencing/cquniversity-referencing-guides).
  • Concepts must be defined accurately and completely.
  • The assumptions upon which the analysis is based must be stated at the onset.
  • Diagrams must be drawn properly, correctly labelled and the relations they depict explained.
  • Photocopied and scanned graphs from books, articles or websites are not acceptable. It is preferable to hand-draw a graph then scan it to insert in your file.
  • Answers must be complete, addressing the specific tasks nominated in the questions.
  • Remember an extension is not a gift, it is a burden.

Submission status

Submission status No attempt
Grading status Not marked
Due date Friday, 31 August 2018, 5:00 PM
Time remaining 1 day 19 hours
Last modified
Submission comments CommentsComments (0)

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