BSB113 Economics Semester 2 2020 Assessment
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BSB113 Economics Semester 2 2020 Assessment
BSB113 Economics Semester 2 2020 Assessment 3: Online exam (40%)
Exam instructions
- The online exam for BSB113 will become available at the time specified in the Central Exam Timetable, and must be submitted on-line within 24 hours of that time.
- If you are fully prepared for the exam, it should take you approximately 2 hours and 30 minutes to complete the exam. However, you will still have 24 hours from the time specified in the Central Exam Timetable to submit the exam.
- You are required to answer FOUR questions only from the five questions. The five questions will relate to each of the macro topics covered on the unit as follows:
- − QUESTION 1: GDP, Income and economic growth
- − QUESTION 2: Unemployment and Inflation
- − QUESTION 3: Monetary Policy
- − QUESTION 4: Fiscal Policy
- − QUESTION 5: International Trade BSB113 Economics Semester 2 2020 Assessment
This gives you an opportunity to structure your revision and answer the exam questions on the topics you feel the most confident about. For an exemplar style question and how to structure your answer refer to the end of this document.
- Your exam answers will be marked against the published CRA included with this assessment document.
- Each exam question has an equal weight and will be scored out of 10 marks (for a total of 40 marks).
- Your exam answer for each of your FOUR chosen questions should be a written narrative of between 300 to 400 words up to a maximum one side of A4, inclusive of diagrams where appropriate.
- We would expect between 1-3 pieces of applied evidence from appropriate sources (including but not limited to data, policy statements, government reports, expert commentaries etc.) to support arguments per answer. Supporting evidence should be appropriately referenced.
- In your exam document, you should record the question number only at the top of each page.
- The assessment should be submitted as a WORD document or PDF. Please note that other file formats will be assumed to be a non-submission. BSB113 Economics Semester 2 2020 Assessment
- Your completed exam is to be submitted through SafeAssign via the BSB113 Blackboard website.
- It is your responsibility to check that the document has uploaded to SafeAssign and that it is the correct document.
- Work submitted after the 24 hour exam window has passed will be considered a non- submission and a mark of zero for the exam will be recorded.
- You are advised to keep a copy of your work for your own records.
- Youarestronglyrecommendedtokeepaportfolioofyourreadings,notesmade,andall draft exam answers. This will help you establish the originality of your work, should you need to.
- The BSB113 team will not be responding to academic queries about the exam or its content once the exam has begun. All queries you have about the content of the exam should therefore be raised during your preparation for the exam.
- BSB113 Economics Semester 2 2020 Assessment
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Criterion Reference Assessment for Assessment Item 3: online end of semester exam
|
Marks (out of 10) |
||||||
|
% |
10 → 8.5 |
8.4 →7.5 |
7.4 → 6.5 |
6.4→5 |
4.9→0 |
|
|
Accurately described the appropriate economic terminology, theory, model and/or framework (KS 1.1) |
40 |
There is a clear, concise and accurate description of the relevant economic theories and/or models. |
There is a description of the relevant economic theories and/or models. |
The relevant economic theories and/or models are identified. There may be some minor errors. |
The relevant economic theories and/or models are incomplete. There are a few errors. |
The relevant economic theories and/or models are incorrect or omitted. |
|
Effectively use economic thinking to explain and analyse the underlying economic issue and/or policy (HO 2.1) |
50 |
Excellent effective use of economic thinking to explain and analyse the underlying economic issue and/or policy |
Effective use of economic thinking to explain and analyse the underlying economic issue and/or policy |
Some use of economic thinking to explain and analyse the underlying economic issue and/or policy |
Limited use of economic thinking to explain and analyse the underlying economic issue and/or policy |
There is a very limited OR no economic thinking to explain and analyse the underlying economic issue and/or policy |
|
Effectively applied evidence from appropriate sources (including, but not limited to data, policy statements, government reports, expert commentaries etc.) to support arguments (KS 1.1, HO 2.1) |
10 |
Excellent use of applied evidence from appropriate sources (including, but not limited to data, policy statements, government reports, expert commentaries etc.) to support arguments |
Applied evidence from appropriate sources (including, but not limited to data, policy statements, government reports, expert commentaries etc.) to support arguments |
Some applied evidence from appropriate sources (including, but not limited to data, policy statements, government reports, expert commentaries etc.) to support arguments |
Limited applied evidence from appropriate sources (including, but not limited to data, policy statements, government reports, expert commentaries etc.) to support arguments |
Very limited applied OR no evidence from appropriate sources (including, but not limited to data, policy statements, government reports, expert commentaries etc.) to support arguments |
BSB113 Economics Semester 2 2020 Assessment
CRA and exemplar question
The following question relates to the macro topic on monetary policy. The exemplar answer is provided as a guide only. The full answer would be a written narrative of between 300 to 400 words up to a maximum one side of A4, inclusive of diagrams where appropriate. Note TWO pieces of applied evidence are suggested for this answer. The full citation and reference for this evidence should be provided in the exam answer.
|
Weight |
Exemplar Question: Critically discuss if crypto-currencies are money |
|
|
Accurately described the appropriate economic terminology, theory, model and/or framework |
40% |
|
|
Effectively use economic thinking to explain and analyse the underlying economic issue and/or policy |
50% |
|
|
Effectively applied evidence from appropriate sources (including but not limited to data, policy statements, government reports, expert commentaries etc.) to support arguments |
10% |
|
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