EC4006 Fundamentals of Economics

Posted on January 25, 2023 by Cheapest Assignment

Order Now
EC4006 Fundamentals of Economics

Level 4

Assessment Component 1 – (50% of Module Mark):

2000 Word Essay

Task:

Students must choose ONE of the following industries of the United Kingdom and discuss the impact of Covid-19 on their chosen industry. Critical analysis must be undertaken by students applying appropriate Economic theories and backed by scientific academic evidence.

Industries to consider:

Agriculture, forestry and fishing

Production

Mining, quarrying and utilities

Manufacturing

Construction

Wholesale and retail; Repair of Motor Vehicles

Motor trades

Wholesale

Retail

Transport and Storage (inc. postal)

Accommodation and food services

Information and communication

Finance and Insurance

Property

Professional, scientific and technical

Business administration and support services

Public administration and defence

Education

Health

Arts, entertainment, recreation and other services

Additional Details:

For the individual report, you are encouraged to “showcase” your knowledge, technical grasp and understanding of relevant economic theories.  This is an opportunity for you to demonstrate (briefly) that you understand and can apply the relevant principles, theory and evidence related to welfare economics. You are expected to think about the economic principles involved, to research a little, to check your understanding and to write in a logical manner.

Note: Please concentrate on structuring your arguments in appropriate academic writing and not provide a long commentary of current events or provide large quantities of statistics.

Recommended Resources for economic concept building:

You may consider consulting economics textbooks for example:

Mankiw, N. G., Taylor, P. M. and Ashwin, A. (2016). Business Economics. 2nd edn. Hampshire: Cengage Learning (Core)

Concept Building

  • Sloman, J. and D. Garratt. (2016). Essentials of Economics. London: Pearson.
  • Begg, D., Vernasca, G., Fischer, S., and Dornbusch, R. (2014). Economics. 11th edn. Berkshire: McGraw-Hill Education
  • Mankiw, N. G. and Taylor, P. M. (2011). Economics. 2nd edn. Hampshire: Cengage Learning

In addition you may wish to consider:

General overview

  • Stephens, M., Cross, S., & Luckwell, G. (2020). Coronavirus and the Impact on Output in the UK Economy: June 2020. London: Office for National Statistics, 12.
  • Leiva-Leon, D., Pérez-Quirós, G., & Rots, E. (2020). Real-time weakness of the global economy: a first assessment of the coronavirus crisis.
  • Nicola, M., Alsafi, Z., Sohrabi, C., Kerwan, A., Al-Jabir, A., Iosifidis, C., … & Agha, R. (2020). The socio-economic implications of the coronavirus pandemic (COVID-19): A review. International journal of surgery78, 185-193.

Many good resources are available online. The list below is by no means exhaustive; explore the following and more:

Assessment Criteria:

Assessment Criteria: Weightings
Evidence of proper analysis & critical thinking

Students are expected to show relevant critical analysis and meaningful interpretation of the information gathered.

40%
Research Skills & Knowledge

Comprehensive research; should consult a handful of related study

40%
Writing Skills & logical sequence of arguments

Including structure, grammar and presentation

 

10%
Accurate Referencing

Must be in the Harvard Style – See Cite Them Rite

 

10%
TOTAL MARKS 100%

Learning outcomes assessed:

1 – 9 as indicated in the module guide.

Please observe the following in the preparation of your essay

General Presentation of your essay

The report must be word processed, double spaced with 25mm margins. The font size must be such that the project is easily readable e.g. a font size of either 12 or 14 point (excluding headings). Use widely-used fonts such as Times New Roman, not those that might be considered informal or unusual. Pages must be sequentially numbered.

Chapters, sections and sub-sections must be clearly identified and sequentially numbered or lettered, with separate chapters beginning on a new page.

Diagrams, graphs, figures, tables, pictures and charts must be incorporated into the report and they should be clearly labelled and referenced.

References must be accurately provided in the text using the Harvard System (see Saunders et al., 2009).  All quotations must be acknowledged and correctly presented within the text i.e. other than very short ones, quotations should be indented and in single spacing. (See Saunders et al for further details).

Number of words should be mentioned at the end of the dissertation and before the bibliography.

Word Count

  • Your word count should not include your abstract, or reference list. You should provide your word count at the end of your report.
  • Should not exceed the word count by more than 10%; if it does, it will result in a penalty of 5% of your marks for your work.
  • If your work is significantly shorter, then you will probably have failed to provide the level of detail required.

 Submitting Assessments Using Turnitin:

Turnitin is required for coursework assessments, such as report/research papers or projects in Microsoft Word, PowerPoint, and in PDF format.  There are two main reasons we want you to use Turnitin:

  • Turnitin can help you avoid academic breaches and plagiarism. When you use Turnitin before a submission deadline, you can use the Originality Report feature to compare your work to thousands of other sources (like websites, Wikipedia, and even other student papers).  Anything in your work that identically matches another source is highlighted for you to see.  When you use this feature before the deadline, you will have time to revise your work to avoid an instance of academic breach/plagiarism.
  • Turnitin saves paper. When using Turnitin to electronically submit your work, you will almost never have to submit a paper copy.

Late Submissions Using Turnitin

UEL has permitted students to be able to submit their coursework up to 24 hours after the deadline.  Assessments that are submitted up to 24 hours late are still marked, but with a 5% deduction.  However, you have to be very careful when you are submitting your assessment.  If you submit your work twice, once using the original deadline link and then again using the late submission link on Turnitin, your assignment will be graded as late with the 5% deduction.

Turnitin System Failure

Best advice: Don’t wait until the last minute to submit your assessments electronically.  If you experience a problem submitting your work with Turnitin, you should notify your lecturer/tutor by email immediately.  However, deadlines are not extended unless there is a significant systems problem with Turnitin.  UEL has specific plans in place to address these issues.  If UEL finds that the issue with the system was significant, you will receive an email notifying you of the issue and that you have been given a 24 hour extension.  If you don’t receive any email that specifically states you have been given an extension, then the original deadline has not been changed.

Assessment Component 2:

Final Exam (50%)

NB: Towards the end of term a mock exam will be provided.

Notes on Grading

Students must achieve a grade of at least 30% in both components and have a mean weighted average grade between the two components of 40%. In the event that a student has not passed a component one attempt at a retrieval task is permitted. The portfolio will be reassessed as an unseen time constrained assessment.

Order Now