Description
Hi, I have attached the guideline of the assessment and
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Submission Deadline
Marks and Feedback
Before 6pm on:
15 working days a er deadline (All Levels)
00/00/2023
00/00/2023
Module tle & code
Principles of Economics / POE BC 03-1
Assignment number and tle
Assessment 2 / (CW-JO)
Assessment type
Course work – Journal
Weigh ng of assessment
50 %
Module learning outcomes
1.Knowledge and Understanding:
To demonstrate the knowledge and understanding of the fundamentals of both Micro and Macro
economic theories and concepts.
2. Skills and Abili es:
To demonstrate the knowledge and understanding of di erent market structures and their implica ons
on the consumer.
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What am I required to do in this assignment?
Read the following scenario and complete the tasks given below:
The United Kingdom is the largest source of Foreign Direct Investment (FDI) in Oman, accoun ng for approximately 51.1 percent
of total FDI received by the country. In Q1 of 2023 alone, the gure increase by more than 44 percent in comparison to the same
period in 2022. The economic and commercial rela ons between India and Oman are robust and buoyant. Bilateral trade during
FY 2020-2021 at USD 5.4432 billion. Bilateral trade for the year 2021- 2022 reached US $ 9.988 billion and for the year
2022-2023 (Apr – Jan) reached US $ 10.659 billion.
The student is required to:
a. Maintain a digital le / journal / scrapbook of economic news to cover the Oman’s Foreign Trade in the last 10 years and
highlight suppor ve measures ini ated by the Government.
Secondary data must be collected from academic sources of literature (OECD, IMF & Interna onal Trade Administra on etc.,)
b. A minimum of (10) data items should be a ached along with the source and date. Relevant interpreta on should be wri en
with a clear understanding of the economic inferences and implica on of the news.
c. The digital news journal should be submi ed as an a achment to a wri en report.
d. You are required to write a report of 1500 words based on the ndings concluded from the collected news. In the report you
should relate the concluded ndings to your knowledge of the macroeconomics concepts and to the interna onal economic
environment.
e. You should write a tle for the e-journal. The tle must be related to the contents you are describing.
f. To address the given tasks, you will have to refer to the lecture notes and conduct independent research which would give the
necessary skills that are required. Academic sources of literature are essen al.
GENERAL INSTRUCTIONS
Your work will be graded on the following aspects:
•
This is an individual Assignment.
•
The assignment MUST be submi ed online (through MOVE) on or before the due date.
•
The assignment should be submi ed with the assignment cover page (template provided) added to the assignment.
•
This is an individual assignment and carries a weigh ng of 50% towards the nal module grade.
•
Your assignment shall re ect the depth and breadth of your original analyses clearly and coherently.
•
Use of the relevant academic literature to support ideas and issues discussed. The range of academic sources such
as texts and journals to support your arguments and comments.
•
This assignment follows an essay format and must be original and crea ve. An analy cal piece of work is required.
The use of the ‘cut and paste’ approach will be penalized. It must be presented in a structured manner, with an
appropriate cover page, content page, introduc on, body (with appropriate heading / sub-headings), conclusion,
references, page numbered and any required appendices.
Your report should be word-processed and professionally presented. The length of your report should be 1500
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Submission
Submission of the individual report will be done via Turni n Link on MOVE. At the me of submission, you need to make sure
that the assignment is your own and all the sources have been acknowledged.
Is there a word limit (Number of Words ± 10%)?
1500 words
10% (+/-)
11-20% (+/-) 21-30 (+/-)
31-40% (+/-) 41-50% (+/-) + 50%
Reduc on of 5 Marks Reduc on of 10 Marks reduc on of 15 Marks Reduc on of 20 Marks Fail the
assessment
no penalty
For more details refer to Student Handbook Sec on IV: Assessments 4.8.9.
What do I need to do to pass? (Threshold Expecta ons)
In order to pass this assessment, you need to prepare an e-journal that includes all the required informa on as men oned in
the task.
The e-journal should be clear and adequately pa erned and designed. Content arrangement should be clear and adequately
help the viewer to understand without narra on.
Your understanding of the issues should be clear in the commentaries provided below each piece of news. You are also required
to submit a wri en report of 1500 words, discussing your ndings and highligh ng any support provided by the Omani
Government.
The report should be based on the news collected and should be related to your knowledge of macroeconomics and the
interna onal economic environment.
The e-journal should be submi ed as an a achment to the wri en report.
How do I produce high quality work that merits a higher grade?
Emphasis is both on quality and quan ty. Students are expected to focus on relevant news and to be able to relate their real
ndings to the economic concepts they learnt.
Please check the rubric at the end of this document. You can score good grades by assuring the following.
• Exhibi ng a high level of understanding with the ability to synthesize and summarize informa on precisely.
• Demonstra ng e ec ve knowledge over the given topics.
• Using technical vocabulary to present relevant, accurate and clear commentaries.
• Providing su cient and detailed response to the given tasks
How does assignment relate to what we are doing in scheduled sessions?
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Deliverables
In the course of the task prepara on, there will be orienta on and brie ng to guide the students to the proper things to do in
complying the assignment task. Thus, during the brie ng sessions, students will be able to ask ques ons for further clari ca on.
The orienta on should be a venue to help students to properly carry out the task, but they are expected to do it outside the
class sessions.
During classes the lecturer will provide you informa on that is related to the topics. You will also be involved in class
ac vi es in order to introduce you to the skills required. Topics: 6, 7 and 8 of your POE modules cover the required
macroeconomics informa on. MOVE ac vi es will again help you in handling the assessment.
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Your assignment be marked according to the threshold expecta ons and the criteria on the following page.
You can use them to evaluate your own work and es mate your grade before you submit.
N
Criterion
o
1
2
Sub
Weigh
Standard
ing
/ No
(%)
A empt
Poor
(20
Marks)
Sa sfact
ory
(40
Marks)
Good
(50 Marks)
Very Good
(60 Marks)
Reasonable
and accurate
facts displayed,
some relevant
macroeconomic
variables /
informa on/
sta s cs are
present, with
contemporary
searches
Content
25
Accuracy
&
Relevanc
e of
Informa
on search
No
Informa
on of
Content
Accuracy.
No
Evidence
of
Informa
on Credits
No
Few
accurate
accurate
facts
facts
displayed. displayed;
Required relevant
macroInforma
economic
on
variables
shown /
/
with
informa
major
on/
errors.
sta s cs
present
but it is
incomplet
e
Some accurate
facts displayed;
some/par al
relevant macroeconomic
variables /
informa on/
sta s cs are
present.
Analysis- 30
Interpret
a on of
data
collected
to the
given task
No
relevant
data
availableanalysisevidence
not found
The
majority
of the
data is
irrelevant
to tasks
except a
few and
interpreta
on skill
is not
evidence
d.
Interpreta on
of data is
evidenced in
the report with
the available
data and
exhibits a good
level of
inferencing
skills, but with
missed
opportuni es.
Data is
available
but
insu cien
t.
Interpreta
on skills
are
evident
but a
novice
level.
Some
inferencin
Excellent
(70 Marks)
Adequate
accurate facts
displayed.
Examples of
appropriate
relevant macroeconomic
variables /
informa on/
sta s cs are
present, with
contemporary
searches. The
data/
informa on is
represented
with higher
clarity and
A very good
Exhibits sound
level of
data
interpreta on
interpreta on
is evidenced
skill and
and exhibits
demonstrates
skills pertaining skills to make
to inference
meaningful
and able to
assump ons
make
and shows
meaningful
clarity in
assump ons on di eren a ng
it.
facts and
assump ons
using evidence.
Outstanding
(100 Marks)
Excellent
accurate facts
displayed.
Outstanding
relevant macroeconomic
variables /
informa on/
sta s cs are
present, with
contemporary
searches. Data
relevant to
both local and
interna onal
context is used
to address the
tasks.
In addi on to
clearly
sa sfying the
‘excellent
criteria’ the
report
demonstrates
the skills to
interpret and
make
assump ons on
data that
correlate both
micro and
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How will my assignment be marked?
3
Applica o 30
n skillsinferring
data to
address
the tasks
and
apprecia
ng the
role of
macroeconomic
s
Shows no
understan
ding of
the tasks,
and lacks
apprecia
on of the
role of
macroeconomic
s
Shows a
minimum
understan
ding of
the tasks
with lack
of clarity
with less
scope of
applica o
n of the
conceptsno
support
from the
data
collected.
Exhibits a
sa sfacto
ry level of
understan
ding of
the given
tasks.
Applies
the data
inferred
to make
some
meaning
inferencin
g, but
with
errors.
Able to
be aware
of the
role of
macro-
Exhibits a good
level of
understanding
of the tasks,
with inference
skills, that leads
to apprecia ng
of the role of
macroeconomic
variables and
its signi cance
in building a
sustainable
economy, but
with missed
opportuni esscope to infer
more and in
detail- can be
more cri cal
and data cross
Exhibits a very
good level of
understanding
of the tasks,
with inference
skills, that leads
to apprecia ng
of the role of
macroeconomic
variables and
its signi cance
in building a
sustainable
economy in the
local context
not
triangula ng
with the
interna onal
aspects.
Assump ons
Exhibits
excellent level
of
understanding
of the tasks,
with inference
skills, that leads
to apprecia ng
of the role of
macroeconomic
variables and
its signi cance
in building a
sustainable
economy in the
local context
and
interna onal
context
triangula ng
the two to
In addi on to
clearly
sa sfying the
requirements
of ‘excellent
criteria’ the
report
demonstrates
the skills of a
more wholis c
approach in
applying the
data for
inferencewhere there is
clear evidence
of linking both
the micro and
macro aspects
of the
economics.
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6
Reportpresenta
oncoherenc
e,
language
10
The
report is
unorganiz
ed to the
point of
being
virtually
unreadabl
e.
Lacks
cohesion
and
orderly
ow.
The
assignme
nt has
unaccept
able
failings in
structurin
g and / or
clarity of
wri en
expressio
n.
Though
discussio
n of the
ideas is
clear, a
coherent
ow of
thought is
not
evident.
The
report is
unorganiz
ed but
The
can be
report is
di cult to read.
read due Poor ow
of the
to
overwhel report
structure.
ming
errors or
misspellin The
gs
assignme
nt has
failings in
structurin
g and / or
clarity of
wri en
expressio
n, which
impair its
capacity
Evidence for a
coherent
presenta on is
evident but
lacks uniformity
throughout the
essay.
The report is
somewhat
organized. The
ow is not
coherent and
needs
improvement.
While the
assignment has
some failings in
structuring
and / or clarity
of wri en
expression,
these do not
impair its
capacity to
communicate.
The report is
well organized.
There is
orderliness in
the structure.
Coherence is
also evident
but there is s ll
scope for
improvement.
A generally
well-structured
and expressed
assignment,
that
communicates
clearly.
Well executed.
Few grammar
or wri ng
errors. Reads
easily. Is fairly
well organized.
The report is
well organized
with a cohesive
discussion. The
structure of the
report is
excellent.
An assignment
whose clear
structure and
expression
signi cantly
enhances its
argument.
The structure is
exemplary.
Execu on is
excellent.
Discussions are
free of
grammar or
wri ng errors.
A clear layout
augments the
presenta on.
Excellent
overall
organiza on of
the report.
Reads easily. Is
well organized.
More than
occasional
errors or
misspellings.
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5
Referenc
es
5
The
reference
s do not
clearly
comply
with the
basic
requirem
ents of
HARVARD
STYLE
format.
The
reference
s do not
clearly
comply
with the
basic
requirem
ents of
HARVARD
STYLE
format.
Sources
used
show
limited
relevance
and
currency.
The
poster
shows
some
complianc
e to
HARVARD
STYLE
referencin
g but
shows
many
errors.
Very few
reference
s quoted.
Some
sources of
informa
The poster
demonstrates a
basic level of
HARVARD
STYLE
referencing, but
s ll contains
major
de ciencies. No
sophis ca on is
evident i.e.,
Websites do
not follow
Harvard
Referencing
style.
Majority of the
sources are
relevant and
current.
The poster
demonstrates a
solid
understanding
of the basic
elements of
HARVARD
STYLE
forma ng. Intext cita ons if
presented at
relevant areas
will lend more
appropriatenes
s to the report.
The poster
demonstrates
excellent
HARVARD
STYLE
forma ng
skills. In-text
cita ons are
presented at
relevant areas.
Accurate use of
Harvard
Referencing
style.
Student
recognizes the
concept of
intellectual
property, can
Consistent use defend him /
of relevant and herself if
current sources challenged, and
that enhance
can properly
the discussions. incorporate the
Sources used to
ideas /
support the
published
discussions are
works of others
relevant and
into their own
current.
work building
upon them.
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