Turnitin’s inline marking tool and general comments
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages Description/Paper Instructions
Turnitin’s inline marking tool and general comments
Feedback mode:
Feedback will be provided using Turnitin’s inline marking tool and general comments.
Assignment Details and Requirements:
Assume you have been hired as an economics analyst by the government. In your role you are required to produce a state of the economy report to government ministers. This report provides them with an overview of the economy and current events that may impact the economy – to help them make policy decisions.
The assignment will take the form of a report.
The assignment must be submitted electronically via Canvas and must constitute your own work (it is not a group assignment). Academic staff are not permitted to ‘check’ or ‘pre-read’ your work. Submission for this assignment is via Turnitin. You are required to upload the file in .doc or .docx format only; not as .pdf
If assignments are late then marks will be deducted at 1 mark per day (as per the course guide). Of course, if you have encountered some trouble and have been unable to meet the deadline then please apply for Special Consideration. This webpage provides instructions about how to go about this: http://www1.rmit.edu.au/students/specialconsideration (Links to an external site.) .
Students are to use the data in the excel file provided to generate the report. Answers and charts are to be in entered into the word document provided. Follow the instructions for each section – where you are required to produce ONE chart/diagram for a section, you must only produce one – if you produce more than one chart you will receive a zero mark for that rubric requirement.
Remember that you are producing a report for ministers in government therefore your writing and expression should be professional and succinct (these are very busy people – bullet points should not be more than 50 words).
Note: Bullet points that simply describe the chart generated are duplicating information that is clearly visible and will not earn any marks.
Your answers must be provided under the 5 sections provided in the word document and address each of the following components:
Current Event (5 marks)
In this section, consider a recent news-worthy event that may have a macroeconomic effect on the domestic economy.
Provide a brief summary of the event.
Explain why this event is macroeconomic in nature. Why is it relevant to the domestic economy; how may it affect the domestic economy. For example, will it affect a particular sector(s), what are the implications. Will it affect any of the major macroeconomic variables? How? Why?
[maximum 250 words]
GDP Highlights (4 marks)
Using the GDP data provided in the excel file, generate ONE appropriate excel chart from March 1990 to the most recent period provided, comparing the economic growth rate with the per capita growth rate – make sure your vertical axis is labelled correctly. (2 marks)
The last recession Australia had was in 1990/91. Examine the two most recent quarters of data and briefly discuss why a “recession” has not been identified in this case. [maximum 100 words] (2 marks)
Labour Market Highlights (4 marks)
Using the labour market data provided in the excel file, generate TWO appropriate excel charts. Each chart is to compare the unemployment rate for the whole economy with the unemployment rate for people aged 15-24 years; the unemployment rate for people aged 25-34 years; the unemployment rate for people aged 35-44 years; the unemployment rate for people aged 55 years and over. Chart One is to display the data from Jan 1990 to Dec 1999 and Chart Two is to display the data fro Jan 2000 to the most recent period provided. Make sure your two charts are comparable – hint: look to your axis. Make sure your vertical axis is labelled correctly. (3 marks)
Using the labour market data provided in the excel file, consider the underemployed cohort. Comparing the Dec-2018 quarter to the May-2019 quarter, which age group experienced the largest percentage increase in underemployment? Which age group experienced the largest fall? (1 mark)
Note: If you specify more than 1 group for the increase or more than 1 group for the fall – marks will not be awarded even if the correct ones are within the listing.
Price Movements (3 marks)
Using the relevant data provided in the excel file, generate ONE appropriate excel chart comparing the inflation rate for Australia, Darwin, Hobart, and Melbourne for the period March-2009 to March-2019. (2 marks)
Which CPI product group contributed the most to Darwin’s most recent decrease in its inflation rate? (1 marks)
Note: If you specify more than 1 group – marks will not be awarded even if the correct ones are within the listing.
Monetary Policy (4 marks)
Consider the Reserve Bank Board Meeting scheduled for Tuesday September 3rd. Using the data you have been provided as well as any updated data available from the Australian Bureau of Statistics and applying your understanding of the current conditions in the economy, what do you think the Reserve Bank will do to the cash rate?
- increase it by 50 basis points
- increase it by 25 basis points
- keep it on hold
- decrease it by 25 basis points
- decrease it by 50 basis points
Explain why you have reached this decision.
[maximum 250 words]
Report Document:
Australia Economic Progress Report.docx
Data for the Report:
Australia Student Data SEM2.xlsx
Marking Criteria
Grades will be awarded on the following basis:
Fail (NN): The submitted work does not meet the criteria set.
Pass (PA) 50-59%: The submitted work meets the criteria provided set for the tasks and an awareness of relevant substantive issues. This includes clear comprehension of substantive issues within the course, correct application of modelling and basic computation skills.
Credit (CR) 60-69%: In addition to satisfying the conditions for a pass, the submitted work shows evidence of the ability to engage in detailed quantitative and qualitative application, sensitivity to and understanding of the substantive area and its significance, the ability to comprehend relevant theoretical ideas, and a thorough appreciation of potential outcomes.
Distinction (DI) 70-79%: In addition to satisfying the conditions for a credit, the submitted work shows perceptive analysis of relevant material, the ability to engage in complex qualitative and quantitative analysis, and apply extensive and relevant theoretical analysis. The submitted work presents convincing and logically constructed arguments that are cogent and coherent.
High Distinction (HD) 80%: In addition to satisfying the conditions for a distinction, the submitted work shows evidence of high order critical analysis and insightful use of wide and relevant theoretical and mathematical understanding as well as thorough attention to presentationof answers. The submitted work demonstrates the capacity to independently articulate consequences and potential outcomes.
Assessment Declaration:
This is an individual assignment. That means it must be your own work and you can’t copy or have someone else complete any part of the work for you. However, it is fine to discuss the issues, ideas and how you may approach the questions with fellow students.
By submitting this assessment you are declaring that you have read, understood and agree to the content and expectations of the Assessment declaration (Links to an external site.) .
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. GET THIS PROJECT NOW BY CLICKING ON THIS LINK TO PLACE THE ORDER
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