Assessment 1: Microeconomics Report



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Assessment 1: Microeconomics Report

Overview

  • Due Monday 27th August 3pm
  • 40% of final grade
  • Individual report
  • 2000 words

Steps

Select one main article

  • The article can be from an academic journal/ research institute/ newspaper/ web article
  • Related to a microeconomic issue (topics 1-6 in the course)
  • Published recently (after 2016)

Select supporting articles

  • Read through some different sources to support your analysis. These articles will provide you with more evidence about the topic to support your arguments.

Identify the key issue in your main article

  • Explain these key issues in your introduction

Outline the theory relevant to your main article

  • These are concepts such as supply and demand, pricing, elasticity, markets which help to understand your main article
  • You might refer to the recommended textbook, course notes, or other sources to understand these thoroughly
  • Please stick to the concepts raised in the class: (aim for an excellent explanation of these central concepts)

Apply your theoretical knowledge to your main article

  • Use diagrams and/ or primary data
  • You might refer to additional sources to gain insights about specific parts of the issue
  • Diagrams can be placed in the body of your text, not in an appendix
  • your choice to generate diagrams: as long as these are clear and properly labelled and captioned anything is fine
  • Discuss what the theory suggests and how it is applicable in a real-life scenario
    • You might find that the theory does not apply very well and then you can suggest reasons why
    • You might also find that the theory describes the issue quite well and can explain why this is the case

Draw conclusions

  • What does your analysis reveal?
  • Comment on the issue, propose or critique policy, raise new questions and overall say something about what the analysis contributes to the bigger picture
    • Check out `An inside look’ in the textbook for helpful examples

Format

  • 12 point font Times New Roman/ Arial/Calibri
  • single spaced
  • 2000 words maximum
  • references and optional executive summary/abstract do not count towards word count

Report Structure

  1. Title Page
  2. Introduction (summary of the key issues in the article)
  3. Outline of theory (economic concepts/theories to be applied)
  4. Analysis (application of theory to article, including well-labelled diagrams)
  5. Conclusion and recommendations (do not just summary the article again)
  6. References

Rubric

Component Points
1. Introduction (summary of key issues int he article) 5
2. Outline of theory (from the course as it relates to the article) 5
3. Application of theory to article 15
4. Evidence of quality of research 5
5. Use of original diagrams and/or data 5
6. Conclusion (recommendations/implications – not another summary) 5
Total 40

Rubric details

  • Select a good title for your report (titles generate interest).
  • Clearly identify yourself on the title page

1. Introduction: 5 pts

  • Start your report with an introduction
  • Mention the title of the article you are reviewing
  • Cite the article properly
  • Outline the key issues in the article
  • Review and summarise the article without giving your opinion of it, just introduce it to the reader as clearly as possible
  • Give readers an idea of why the issue is interesting
  • Give an overview of how you will approach analyzing these issues

2. Outline of theory: 5 pts

  • Outline the theory that you will apply to the article
  • Stick to the theoretical concepts that are discussed in class
  • The idea here is to describe the theoretical concept as clearly and concisely as possible
  • Leave the evaluation of the article (application of the theory) for the application section

3. Application of theory to article: 15 pts

  • Critically analyse the article from he perspective of the theory you discussed
  • Use your understanding of the topic, use supporting references, data when it helps to support your arguments
  • Give a thorough analysis but do not lose sight of the key issue you are analysing

4. Evidence of quality of research: 5 pts

  • The report should demonstrate good research practice
    • The report does not appear rushed: it is logically arranged and free from grammatical and spelling errors
    • The arguments are well developed and clearly related to the main argument
    • Additional sources are used to effectively to support arguments
    • Keep a journal of your progress

5. Use of original diagrams and/or data: 5 pts

  • Clearly label and caption your diagrams/tables
  • Use diagrams/data to facilitate explanations (i.e. refer to any table/figure you include in the text)

6. Conclusion and recommendations: 5 pts

  • Do not just summarise – discuss the implications of your analysis, your recommendations for policy, limitations of your work, future work that would be relevant to increasing our ability to better understand the issue
  • This is the place to tell the reader what your work has accomplished

References

  • Additional references are strongly recommended
  • Main focus is on the article, additional sources may relate to other countries, other types of analysis ( older foundation analytical models or other competing methods), or supportive data
  • Additional sources can be old or new, and do not have to be from peer reviewed academic sources
  • 3-6 additional references ideally
  • Chicago referencing style

Submission

  • Due: Monday, August, 27th at 3:00 pm
  • Submit to turnitin.com before the deadline
    • check blackboard for a link
    • please check your similarity score: multiple submissions are permitted (old submissions will be over written)
  • Include a title page
  • Double check your references are properly cited and can be found by your workshop leader


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