This task relates to a sequence of assessments that will be repeated across Chapters 6, 7, 8, 9 and 10. Select any example of a visualisation or infographic, maybe your own work or that of others. The

ECON6000 - Assessment 2 Page 2 ASSESSMENT BRIEF Subject Code and Title ECON6000 Economic Principles and Decision Making Assessment Module 3 and 4 - Assessment 2: Short written assessment Individual/Group Individual Length NA Learning outcomes 1. Interpret and successfully apply the concepts for an effective analysis 3. Apply accounting principles and standards when accounting for non -current assets, revenue and liabilities and recognise the judgements required in a range of diverse business contexts 5. Differentiate between shares and debentures and apply appropriate accounting procedures Submission By 11:59 PM AEST/AEDT Friday at the end of Module 3 and by 11:59pm AEST/AEDT Friday at the end of Module 4 Weighting Each module is worth 10 % Total Marks 10 marks for Module 3 and 10 marks for Module 4 Context: The short written module assessment allows you to apply your knowledge on the concepts and ideas discussed during the Module. This assessment will prepare you for the final report. ECON6000 - Assessment 2 Page 2 Instructions : Answer the following at the end of their respective modules; You are required to complete Module 3 question after you finish Module 3 and you are expected to complete Module 4 after that has been covered in class. At no point will you submit both together. Your submission should be in the Blackboard Module 3: (10 marks)  How can cities be viewed as examples of economies of scale  Fill in the table below and examine at which point will the firm have to shut down; you are required to write the formula belo w Quantity Total cost Fixed cost Variable cost Marginal cost Average cost Average Variable Cost 0 110 62 10 90 20 48 30 126 62 40 82 2.05 50 166 2.20 60 130 2.60 70 224 62 3.20 80 202 3.30 90 324 62 6.00 100 62 342 3.42 Clearly address what is being asked in the question. Just filling in the table will not guarantee full marks. Module 4: (10 marks) You are required to complete this only after Module 4 has been completed in class; At no point will you submit both the modules together. Your submission should be in Blackboard 1) What is GDP; how is poverty measured in low income countries and how do you separate poverty and income inequality 3 Learning Rubrics Assessme nt Fail Pass Credit Distinction High Distinction 0-49 50 - 65 66 -75 76 -85 86 -100 Attributes (Unacceptable) (Functional) (Proficient) (Advanced) (Exceptional) Grade Description Evidence of unsatisfactory Evidence of satisfactory Evidence of a good level of Evidence of a high level of Evidence of an (Grading Scheme ) achievement of one or more achievement of course learning understanding, knowledge achievement of the exceptional level of of the learning objectives of objectives, the development of and skill development in learning objectives of the achievement of learning the course, insufficient relevant skills to a competent relation to the content of the course demonstrated in objectives across the understanding of the course level, and adequate course or work of a superior such areas as entire content of the content and/or unsatisfactory interpretation and critical quality on the majority of the interpretation and critical course demonstrated in level of skill development. analysis skills. learning objectives of the analysis, logical such areas as course. Demonstration of a argument, use of interpretation and high level of interpretation methodology and critical analysis, logical and critical analysis skills. communication skills. argument, creativity, originality, use of methodology and communication skills. Knowledge and Limited understanding of Knowledge or understanding of Thorough knowledge or Highly developed A sophisticated Understanding of required concepts and the field or discipline. understanding of the field understanding of the understanding of the 4 or field economic concepts Knowledge discipline/s. Supports or discipline/s. field or discipline/s. of elasticities Resembles a recall or summary personal opinion and Key components of the of key ideas. information substantiated by Discriminates between Systematically and assignment are not evidence from the assertion of personal critically discriminates addressed. Often conflates/confuses research/course materials. opinion and information between assertion of 25% assertion of personal opinion substantiated by robust personal opinion and with information substantiated Demonstrates a capacity to evidence from the information by evidence from the explain and apply relevant research/course substantiated by robust research/course materials. concepts. materials and extended evidence from the reading. research/course materials and extended Well demonstrated reading. capacity to explain and apply relevant concepts. Mastery of concepts and application to new 5 Critical reasoning, Specific position (perspective Specific position (perspective or Specific position (perspective Specific position Specific position presentation and or argument) fails to take into argument) begins to take into or argument) takes into (perspective or (perspective or defence of an account the complexities of account the issue(s) or scope of account the complexities of argument) is expertly argument) is presented argument and/or the issue(s) or scope of the the assignment. the issue(s) or scope of the presented and accurately expertly, authoritatively position in context of assignment. assignment. Others’ points of takes into account the and imaginatively, elasticities Justifies any conclusions view are acknowledged. complexities of the accurately taking into Makes assertions that are not reached with arguments not issue(s) and scope of the account the justified. merely assertion. Justifies any conclusions assignment. complexities of the reached with well -formed issue(s) and scope of arguments not merely Justifies any conclusions the assignment.

Limits 25% assertion. reached with well - of position are developed arguments. acknowledged. Justifies any conclusions reached with sophisticated arguments. Analysis and Limited synthesis and Demonstrated analysis and Well -developed analysis and Thoroughly developed Highly sophisticated 6 application with analysis. synthesis of new knowledge synthesis with application of and creative analysis and and creative analysis, synthesis of new with application. recommendations linked to synthesis with application synthesis of new with knowledge related Limited analysis/synthesis. of pretested models and / existing knowledge. to economic application/recommendatio ns Shows the ability to interpret or independently concepts of based upon analysis. relevant information and developed models and Strong application by elasticities literature. justified way of pretested recommendations linked models and / or to analysis/synthesis independently developed models. 30% Recommendations are clearly justified based on the analysis/synthesis. 7