Description
Unformatted Attachment Preview
Assessment 2 Workbook
BUSM2562 Understanding Business Environment:
Assessment Task 2
Name
Student ID
Task workbook
Student instructions
•
Download and save this workbook to your device using First Name_Surname_
Assessment 2 naming conventions.
•
Read through all (7) seven deliverable task items.
•
Input your answers in the allocated answer box where possible. If you cannot input
your task into a Word document, please attach as a separate file when submitting to
Canvas.
•
Do not delete action task items in the template. All tasks are compulsory.
•
Save your answers, ensuring you are using file naming conventions and upload your
file/s through Canvas submission.
Task workbook
Task List
Read through your compulsory set of tasks below. It is important to complete your tasks as
per order below.
☐
Task 1: Project plan
1 point
☐
Task 2: Academic articles
6 points
☐
Task 3: Summarise Findings
3 points
☐
Task 4: Demand & Supply
7 points
☐
Task 5: Client profit
5 points
☐
Task 6a: Negative externalities on fast food
—
☐
Task 6b: Summarise negative externalities
4 points
☐
Task 6c: Negative externality: Consuming too much fast food
8 points
☐
Task 7: Positive externality
6 points
Task workbook
Deliverable Task List
Please read the deliverable tasks below. You are required to complete all of these tasks.
Input your answers directly into the workbook.
Project plan
Task 1 | Project plan
You are required to set up a project plan that outlines all the below tasks in the lead up to the
Australian Conference of Economists (ACE). Your project plan should outline all the tasks in order of
completion.
Point
value
1 point
You will need to allocate a timeline with achievable deadlines when you are completing each of the
tasks. This will help us all keep on track.
You can use any software, excel, Microsoft planner, SharePoint, one drive, RMIT assignment planner
or even a Kanban board. The software choice is up to you. It just needs to be presented in a software
that is easy for us to follow and highlights all the task names, quick details of the task, the date it is
due and who is responsible completing it. Feel free to add branding and colours to your project plan.
Extend yourself: Please remember that we are here to help and give you feedback. If you would like
to set up your project plan first and submit to your mentor (tutor) for additional feedback, please do
so with ample time to allow your tutor to get back to you.
Format – Evidence of Project Plan
Answer box
Point
value
Task workbook
Academic articles
Task 2 | Academic articles
Our client, Healthy Burgers!, is particularly interested in discussing the proposed benefits of a
fruit and vegetable subsidy, rather than a “fat tax”.
Point
value
6 points
You are required to research, find, and choose five (5) of the latest articles discussing “fruit
and vegetable subsidies” or so-called “thin subsidies”. Please only focus on academic articles
by using Google Scholar material and only from the year 2000 onwards. (Please use RMIT
Harvard referencing style).
It is important that you provide us with an overall summary on top of the bibliography
highlighting what criteria you use to pick the most relevant 5 articles. The internet is full of
information, and this can be either a good thing or a bad thing. Being able to discern the
difference between high quality and low-quality information is very important.
Finally, for each article provide a brief explanation (up to 100 words) as to why you think we
need to include it in our literature review.
Format – Evidence of articles | Reference list and article links.
Answer box
Point
value
Task workbook
Summarise findings
Task 3 | Summarise findings
You are required search for the below article and summarise the findings in approximately 200
words.
Point
value
3 points
Based on this article, what advice do you have for your client, Healthy Burgers? (Hint: should it
lobby the government for a subsidy?).
Article:
Blakely, T., Cleghorn, C., Mizdrak, A., Waterlander, W., Nghiem, N., Swinburn, B., … &
Mhurchu, C. N. (2020). The effect of food taxes and subsidies on population health and health
costs: a modelling study. The Lancet Public Health, 5(7), e404-e413.
Format – Evidence of findings | Reflection (written)
Answer box
Point
value
Task workbook
Demand, Supply & Taxes
Task 4 | Demand, Supply & Taxes
Our client is interested in highlighting to the government that taxes are generally not good. To
do so, please create two demand and supply diagrams to show the effects of a “tax”.
Point
value
7 points
In the first diagram show consumer and producer surplus with not tax.
In the second diagram introduce the tax and identify consumer surplus, producer surplus,
government revenue, and the deadweight loss.
Below, using three (3) dot points briefly summarise what happens to consumer and producer
surplus and relate that summary to the deadweight loss.
Format – Evidence of findings | Written reflection.
Answer box
Point
value
Task workbook
Client profit
Task 5 | Client profit
In a recent meeting between the government and our client’s CEO, the government has
deemed that Healthy Burgers specialize in producing a range of unhealthy (high fat, high slat,
high sugar) products. This mean that as far as the government is concerned any fat tax would
apply to them.
Point
value
5 points
Using a simple equation tell us how the tax influences Healthy Burger’s profit. Discuss what
happens to prices, quantity, and costs. Please do so in no more than 150 words.
Format – Evidence of client profit | Reflection (written)
Answer box
Point
value
Task workbook
Negative externalities on fast food
Task 6a | Negative externalities on fast food
Watch the video on ‘Externalities’ found in your Assessment 2 brief (under Learning Resources) in Canvas.
See Task 7b below for reflection requirements.
Task workbook
Summarise negative externalities
Task 6b | Summarise negative externalities
In no more than 200 words, summarise negative externalities.
Does easting too much fast food generate a negative externality? Why or why not?
Point
value
4 points
Format – Evidence of negative externalities | Reflection (written)
Answer box
Point
value
Task workbook
Negative externality: Consuming too much fast food
Task 6c | Negative externality: Consuming too much fast food
Create two demand and supply diagrams to demonstrate the following:
Point
value
8 points
In your first diagram show the negative externality of consuming too much fast food. Carefully
label your diagram and identify the deadweight loss.
In your second diagram add a tax to this market. Highlight what happens to consumption.
In a dot point below your last diagram briefly tell us whether the second diagram has a
deadweight loss.
Format – Evidence of negative externality of consuming too much fast food | Reflection (written)
Answer box
Point
value
Task workbook
Positive externality
Task 7 | Positive externality
Our client argues that “eating fruits and vegetables gives society a positive externality.”
Discuss how the subsidy affects this. When discussing please do not use a graph, please
prepare a 200-word statement.
Point
value
6 points
Format – Evidence of positive externality | Reflection (written)
Answer box
Point
value
Purchase answer to see full
attachment
