1. Assignment Outline
This individual assignment constitutes 45% of the overall assessment for the module, BM0008 Macroeconomics. The assignment covers the following topics: Theory of National Income, Fiscal & Monetary Policies, and International Trade. The assignment is designed to give each of the learners a first-hand experience of applying the Macroeconomics concepts acquired in the course to solve a real-life economic problem.
2. Learning Outcomes
After the completion of this project, learners will be able to:
a. Understand key economic issues affecting a country, a society and businesses using the economic concepts they have acquired.
b. Analyse the economic issues and trends based on a case study.
c. Apply macroeconomic concepts in problem-solving initiatives.
3. Requirements
a. This is a written assignment. Please read the case (attached in Appendix 1) and submit a report based on the requirements stated below.
You are to relate and apply relevant economics concepts and theories in your report. Please choose any THREE (3) economic concepts and theories from lecture topics (i) to (iv) in your report.
i. Determination of National Income
ii. Fiscal policy
iii. Monetary policy
iv. International trade
b. Your report submission should include the following:
Cover Page – Include a cover page with the project title, name and admission number of the learner (Please refer to Appendix 2).
Background and Introduction – Provide background research findings on how the COVID-19 pandemic in Singapore necessitates the use of the policies stated in the case article in Appendix 1.
Necessitates- how covid-19 make the policy needed to be used
Economic Analysis – Identify 3 main problems and provide economic analysis for each of the problems encountered by the Singapore government or society in managing the economic situation of the businesses, employees and (groups of) people. For each of the problems, you have to explain how the solution(s) work(s) by applying one of the selected economic concepts listed in section 3 part a. Appropriate use of
ANALYSE
ICA 3 Guide / BM0008 / Page 3
graphical analysis is expected for each problem and/or economic concept.
Merely collating possible solutions does not constitute economic analysis.
Recommendations – Explain how each key recommendation could resolve each of the economic problems identified.
Conclusions – A summary on the problems identified, economic concepts used for analysis and hence, the recommendations.
Reflection – Provide a reflection of 200 words stating your opinion on how the current economic situation may affect you. Highlight your understanding with reference to the issues and concepts learned in this module.
Appendices – Sources of research articles or links, tables and charts. Sources of articles should be listed in reference page using the Harvard Referencing Format (https://libguides.mq.edu.au/referencing/Harvard).
Basic format to reference material from the web:
Author or authors. The surname is followed by first initials.
Year.
Title (in italics).
Publisher. Where there is a corporate author, the publisher and author may be the same.
Date viewed.
Web address .
For example: XY Zach, 2018, Let’s Learn Global Supply Chain, ABC News Network, 25 Jun 2020, <https:// abcdefg12345>
4. Report Format
The following are the report format:
a. A written report of not more than 6 pages (excluding cover page and appendices). Any information in appendices other than to give credit to sources of research articles or links, tables and charts will be ignored as it is not a section for extension of 6 pages.
b. Arial Font size 12 with single spacing must be submitted by each individual learner.
c. Please assigned your file name for submission with the following format:
– Register number_BM0008_XX Admin number_Official Name; (where XX is your tutorial group)
– (e.g. 03_BM0008_AB_123456A_John Tan Ah Seng).
ICA 3 Guide / BM0008 / Page 4
5. Submission through SafeAssign in Blackboard and Due Date
The report is to be submitted through SafeAssign latest by 7th February 2022, 12 p.m. SafeAssign is a plagiarism prevention tool that allows your instructor to check the originality of an assignment submission. It is the responsibility of the learners to ensure that the matching text highlighted in the originality report by SafeAssign is properly referenced. Submissions through other means will not be accepted. If learner experience technical issues when using SafeAssign or Blackboard, they are to describe in detail the technical issues encountered, attach all supporting evidence and contact their module tutor.
a. Please read the following guide on how to submit your report through SafeAssign in Blackboard: https://help.blackboard.com/SafeAssign/Student/Submit_SafeAssign
b. Learners can also view the following video to learn how to submit your report through SafeAssign in Blackboard: https://www.youtube.com/watch?v=IKlwnKYTY_I
6. Late submission and penalties
a. Late submission
A penalty of 5% on the base marks to be deducted for each working day of late submission from the respective assessment marks allocated should the report be submitted late. Any late submission after 5 working days will be awarded zero mark.
b. Plagiarism
Plagiarism is serious matter. Plagiarism is the act of taking and using the whole or any part of ideas, words or works of other people and passing it off as one’s own work, without acknowledgement of the original source. The act of plagiarism is an offence under NYP’s Policy of Academic Integrity. Any act of plagiarism may be construed as academic dishonesty. A candidate who, after due disciplinary process, is found to have committed an act that contravenes academic integrity in any assessment of a module would be liable for disciplinary action under NYP’s Policy on Academic Integrity.
It is also important not to share your or your group’s work with other learner(s) or team(s). ALL parties involved in any act of plagiarism
(including learner(s) or team(s) who have shared their work with others) would be liable for disciplinary action under NYP’s Policy on Academic Integrity. If any learner had asked you to share your work with him/her, it is important to turn down his/her request and report the incident immediately to your module tutor to safeguard your integrity.
All content from online or other primary sources should be properly referenced (even if you are paraphrasing). Quotations must be placed with quotation marks and be properly referenced. When in doubt, the rule is to
ICA 3 Guide / BM0008 / Page 5
acknowledge the source. You may also consult your tutor for advice or clarification.
Please note that it may take a while for SafeAssign to generate the originality report for learners to view. Hence, learners are encouraged to
submit their report early so that they can make any necessary resubmission before the submission deadline expires.
7. Assessment
This project carries a total of 100 marks as indicated in the table below. It constitutes 45% of the overall grade for the module. Detailed scoring rubric is provided in Appendix 3.
Background and Introduction
5 marks
Economic Analysis
45 marks
(each identified problem with a selected economic concept
applied for analysis constitutes 15 marks)
Recommendations
30 marks
(Each each recommendation explained for a problem is 10
marks)
Conclusion
5 marks
Reflection
10 marks
Quality of report and usage of language
5 marks
Total
100 marks
ICA 3 Guide / BM0008 / Page 6
they
Needs Singapore president to continue aid help in residents so that
Appendix 1
would be able to be able to emerge stronger through this covid 19 pandemic
Case Article
If the Covid-19 pandemic situation worsens, the Singapore Government may need to seek President Halimah Yacob’s consideration for a further draw on past reserves to continue funding investments that would enable Singapore’s GDP to emerge stronger in the midst of an unprecedented health and economic crisis.
In such a situation, Singapore should then think hard about how to ensure it can, over time, build back its reserves drawn for this purpose, said Deputy Prime Minister and Finance Minister Heng Swee Keat on 24 Feb 2021.
Singapore expects to draw $42.7 billion of past reserves for the last financial year. With the Government obtaining Madam Halimah’s in-principle support to utilise up to $11 billion in FY2021, it is expected to draw up to $53.7 billion from the reserves since
the onset of the coronavirus pandemic. Due to the FY2021, expectations to draw more money has increased
In a Facebook post published as MPs began debate on Budget 2021 in Parliament, Mr Heng acknowledged that drawing on past reserves for the second year in a row was a “difficult” decision. Mr Heng added: “We have benefited during this crisis from the prudence and long-term orientation of previous generations. We owe it to future generations to exercise this prudence and ensure they can deal with future crises.”
If Singapore’s business cycle continues to be recessionary with high unemployment
Fiscal and
monetary
rates and subdued trade figures, the government should roll out fiscal and monetary
policies to enable the economy to emerge stronger for the longer term. “
}policy inplay
“Countries must also work together to improve cross-border digital integration by
:
Country
negotiating economic agreements in forward-looking areas such as data, finance and
must work
technology. Those who believe that economic integration is key for global recovery
must work together to counter trade protectionism,” Trade and Industry Minister Chan
together
Chun Sing said on 26 Feb 2021.
Mr Chan said Singapore is also doubling down on efforts to reinforce its position as a
global business hub. “We believe there is still a role for trusted hubs where businesses
can aggregate talent, mobilise capital and protect intellectual property,” he said.
To reinforce its position as a business hub, Singapore is working closely with like-
International
minded international partners to improve physical and digital connectivity. Examples
trade??
of such efforts include Digital Economy Agreements signed with Australia, Chile and
New Zealand, as well as agreements to improve access to trade financing, such as
the one signed with the US last December, he said.
Source: Edited and adapted from “The Straits Times”, 25 and 26 Feb 2021.
Singapore working with other
countries to improve trade financing
ICA 3 Guide / BM0008 / Page 7
Appendix 2
Example of cover page (excluded from the 6-page limit).
School of Business Management 2021 Semester 2
BM0008
Macroeconomics ICA 3
Prepared by (name):
Admin number:
Tutorial class:
Date of submission:
ICA 3 Guide / BM0008 / Page 8
Appendix 3
Scoring Rubric of Written Report
Evaluation Criteria
Below Expectations
Meet Expectations
Exceed Expectations
0-1 marks
2-3 marks
4-5 marks
Background and
Introduction and
(5 marks)
No or background and introduction
Background and introduction
Background and introduction
do not present an adequate
present an adequate discussion on
present an excellent discussion
discussion on Singapore’s
Singapore’s economic situation as
on Singapore’s economic
economic situation as well as the
well as the overview of the content
situation as well as the overview
overview of the content in the
in the report.
of the content in the report.
report.
Economic Analysis
0-5 marks (for each concept)
6-10 marks (for each concept)
11-15 marks (for each concept)
(45 marks)
No or poor application of each
Some good application of each
Excellent application of each
Each identified
concept with zero or 1 diagram &
economic concept on a problem-
concept in a problem with detail
problem is
analysis with some mistakes
with diagrams & analysis with few
analysis and appropriate use of
analysed with a
incurred in a problem analysed.
mistakes incurred.
diagrams without any mistake.
selected economic
concept for
analysis
ICA 3 Guide / BM0008 / Page 9
Evaluation Criteria
Below Expectations
Meet Expectations
Exceed Expectations
Recommendations
0-4 marks
5-7 marks
8-10 marks
(30 marks)
(for each recommendation)
(for each recommendation)
(for each recommendation)
Each identified
No analysis or poor analysis on
Adequate analysis on how the
Good and clear analysis on how
problem is
recommendation could solve the
the recommendation could solve
how recommendation could solve
analysed with a
economic issue/problem identified.
economic issue/problem
the economic issue/problem
recommendation
identified.
identified.
for analysis
0-1 marks
2-3 marks
4-5 marks
Conclusion
No conclusion or incomplete
Provides a conclusion but did not
Provides a full and clear
conclusion with all essential
(5 marks)
conclusion.
summarised all essential points
points summarised.
clearly.
0-4 marks
5-7 marks
8-10 marks
Reflection
Provide little or no opinion that
Satisfactory effort to show
Clear, complete and relevant
shows appreciation of the
appreciation of the complexity of
appreciation of the complexity of
(10 marks)
complexity of the issues, solutions
the issues, solutions and concepts
the issues, solutions and
and concepts of the module.
of the module.
concepts of the module.
0-1 marks
2-3 marks
4-5 marks
Quality of Report
Poor use of language grammatical
Satisfactory use of language with
Excellent use of language with
some grammatical errors.
minimum grammatical errors.
errors.
and language
Report paragraphing referencing &
Report paragraphing referencing
Report paragraphing referencing &
(5 marks)
layout is well organised. Report is
& layout is well organised. Report
layout is not organised.
clear and somewhat easy to read.
is clear and easy to read.
Poor report format.
Satisfactory report format.
Good report format.
The End
The post 1. Assignment Outline This individual assignment constitutes 45% of the overall assessment for the module, BM0008 Macroeconomics. The assignment covers the following topics: Theory of National Income, Fiscal & Monetary Policies, and International Trade. The assignment is designed to give each of the learners a first-hand experience of applying the Macroeconomics concepts acquired in the course to solve a real-life economic problem. 2. Learning Outcomes After the completion appeared first on My Academic Papers.
