- Assignment Brief:
Working individually, you will either search through and find OR be allocated by your lecturer ONE (1) newspaper article published no earlier than January 1, 2014 that is relevant to the economics concepts discussed in class. Either way, the chosen article has to be approved by your Lecturer. Once this is confirmed, your task is to write an essay of 1,100 words that summarises the key facts of the article and, more importantly, analyses, explains, and communicates how the article relates to the economic concepts and models studied in the Economics 1 module.
The article must fulfill the following requirements:
It must concern news events which you may consider include events relating to inflationary economy, recessionary economy, fiscal policy, monetary policy, demand/supply concepts, price elasticity as well as market structure.
More marks will be awarded for reports which provide more detailed discussion and in-depth analysis with adequate referencing to the economic concepts and models.
iii) Assignment Format:
The essay should be presented as follows:
Introduction - Outline your reasons for selecting the article (about 100 words) and summarise the key economic points covered by the article (about 100 words).
Body - Identify and discuss the economics concepts and models from the Economics 1 module that are suitable to explain the news article and relate and apply these economics concepts and models to the article to show your understanding of the news (about 800 words). Despite being an essay, diagrams are permitted to help explain concepts
Conclusion - Argue the social and economic implications of the economic event or other logical consequences of the news event (about 100 words)
Referencing - All sources referred to in your essay, including any diagrams, must be referenced to in-text and be included in a full reference list at the end of the assignment, according to the APA system of referencing. Use the following Kaplan resource to assist you to do this accurately and consistently:
