Assessment Brief: BUS1005 Introduction to Economics, Trimester 1 2025

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Assessment Overview

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equiv. – equivalent word count based on the Assessment Load Equivalence Guide. It means this assessment is equivalent to the normally expected time requirement for a written submission containing the specified number of words.

Assessment 1: Discussion Forum/Engagement

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Assessment 1 Detail

Week 3 – Discussion Forum

You will participate in an online discussion forum to demonstrate your comprehension of the material, your analytical abilities, and communication skills. Your contribution to the forum will be graded by your lecturer. Topic of Discussion will be from Week 1 to Week 3.

Week 5 – Discussion Forum

You will participate in an online discussion forum to demonstrate your comprehension of the material, your analytical abilities, and communication skills. Your contribution to the forum will be graded by your lecturer. Topic of Discussion will be from Week 4 to Week 5.

Week 7 – Tutorial Discussion

You will participate in a tutorial discussion. The purpose of a tutorial discussion is to enhance learning by providing students with a structured and interactive platform for deeper exploration of course material. By participating in the tutorial, you demonstrate your understanding of concepts, reasoning, problem solving and communication skills. See the marking rubric for this task below.

Week 9 – Critical Analysis Activity

In-class Critical Analysis Activities will assess students’ knowledge of key content of session 8 & 9. For successful completion of the activities, students are required to study the material provided (lecture slides, tutorials, and reading materials), engage in the unit’s activities, and in the discussion forums. The prescribed textbook is the main reference along with the recommended reading material.

Assessment 1 Marking Criteria and Rubric

Each assessment will be marked out of 10 and the aggregate will be weighted 40% of the total unit mark. The marking criteria and rubric are shown on the following page.

Assessment 1: Discussion Forum Rubric
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Assessment 1: Tutorial Discussion Rubric
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Assessment 1: Critical Analysis Rubric
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Assessment 2: Analytical Economic Industrial Report

An investigation requires you to collect and analyse economic information and data to describe, demonstrate, discuss, explain, assess, evaluate, recommend, and justify and/or analyse an economic concept, event or issue, and the application of economic theories and/or models.

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Assessment 2 Detail

This is a Group Assessment. Students are free to select their preferred group. There will be 2 students in a group.

  • 1. Select a large organisation (with a revenue of $50,000,000 or more in FY2022/FY2022-23 in AUS).
  • 2. Review the economy of the country where the organisation is based, considering the following:
  • • Product/Service the industry is manufacturing and economic growth it is creating forthe county.
  • • Provide insight of product pricing, consumer demand, productsupply, future consumer expectation, etc.
  • • Provide information on product competition.
  • • What products/servicesthe industry in Exporting or importing.
  • • Percentage of revenue generation.
  • • Contribution to the employment and industrial growth.
  • • Contribution to economic and social welfare
  • • Contribution to GDP.
  • • Point out the Industrial policiesfavoring industry.
  • • Point out the issues/challenges the industry is experiencing.
  • • Point out 3 recommendations which can contribute to the improvements and minimize the issue/challenges.
  • • Conclusion
  • 3. Include references and citations.

Formatting, Referencing and Submission

  • • Use an approved APIC cover page for each submission. You can find the cover page here.
  • • Clearly mark sections of the investigation. Use Times New Roman or Calibri font, font size 12, line spacing 1.5.
  • • Use Harvard referencing style. You can find more information on it here.
  • • Submit your Analytical Economic Industrial Report as an MS Word document via Canvas.
  • • Your paper will be checked for similarity and AI generated content. High similarity rate and/or high AI generated content may lead to a failed mark.

Assessment 2 Marking Criteria and Rubric

The assessment will be marked out of 40 and will be weighted 40% of the total unit mark. The marking criteria and rubric are shown on the following page .

Assessment 2 Marking Criteria and Rubric

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Assessment 3: Viva - Voce

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Assessment 3 Detail

Individual Viva Voce will be conducted in weeks 11 and 12 based on the schedule allocated by the unit lecturer. No written work is submitted via Canvas.

The students will be marked individually, and this will be conducted in the classroom via one-on-one student basis.

Each student will be answering 5 questions based on A2 - Analytical Economic Industrial Report. It is important that students provide clear, concise, and accurate information with industrial and economic components examples.

Assessment 3 Marking Criteria and Rubric

The assessment will be marked out of 20 and will be weighted 20% of the total unit mark. The marking criteria and rubric are shown on the following page.

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