ECONOMICS FOR BUSINESS

MODULE: ECONOMICS FOR BUSINESS

Module Code	BCM105
Module Level	HE4
Credit Value	20
Module Leader	Dr. Piranfar
Academic year	2021-22, Term1

AssignmentTutorOnline

Assignment Brief     

1. Purpose of the Assessment

To assess the understanding of key principles and theories in economics and the ability of the students to apply these principles and theories to business and management.

2. Assessment Task

2.1 Individual assignment (AS1), weighting 50% of the mark (LO1-LO4), 2000 words.

Assignment Title: Discuss the competitive advantages of SMEs, problems faced by them, and their growth stages compared to large companies.

Details:

Vital source for this assignment: While you need more up-to-date sources to improve your writing, John Sloman’s textbook “Economics for Business”, published by Pearson, is a vital source that you cannot ignore. Even an old version (ed. 2010) would give you the basics.

Word Limit: The assessment should be limited to 2,000 words (+/- 10%). If the word count is more than 2,200 words or less than 1,800 words you must revise the text judiciously to deliver work within the stated limits.

Style requirements: except for the titles and subtitles, you should not highlight text, which must be in Arial size 11, without indentations. The main title should be highlighted in font size 16, and the subtitles highlighted in size 14. The margins should be justified, not aligned to the left. Additionally, the space between lines should be single and the space between paragraphs should be double. The work must be submitted in report form and not essay form requiring an Introduction, the main body with subtitles and a conclusion.

• Individual assignment (AS2), weighting 50% of the mark (LO3, LO4) 2000 words

Assignment title: Discuss the dilemma of changing the exchange rate (evaluation and devaluation) in general and as applied to the UK.  

Details:

1. Appreciation and depreciation of a currency has consequences for trade: Discuss with reference to the relevant theories. This is the generic and theoretical part. Textbooks are useful for this section. Give examples from the UK pound value and trade (600 words).
2. In much of the1980s the ratio of Sterling to Dollar flirted at around £1 = $2. The exchange rate is now down to £1 = $1.37. With reference to the relevant data outline the causes and implications of this change to British economy. (1200 words)
3. Provide Introduction and conclusions in Report Style (200 words)

Word Limit: The assessment should be limited to 2,000 words (+/- 10%). If the word count is more than 2,200 words or less than 1,800 words you must revise the text judiciously to deliver work within the stated limits.

Style requirements: except for the titles and subtitles, you should not highlight text, which must be in Arial size 11, without indentations. The main title should be highlighted in font size 16, and the subtitles highlighted in size 14. The margins should be justified, not aligned to the left. Additionally, the space between lines should be single and the space between paragraphs should be double. The work must be submitted in report form and not essay form requiring an Introduction, the main body with subtitles and a conclusion.

3. Sources

It is expected that the Reference List of the report will contain between five and ten sources. As a MINIMUM the Reference List should include one refereed academic journal and three academic books.

4. Specific Assessment Criteria (Marking scheme)

Please note that the General Assessment Criteria will also apply.

AS1 Individual Assignment: SMEs

1. You are required to look at the literature critically and argue for at least 5 advantages for SMEs. Table of comparison with large companies (40/100 marks).
2. On problems faced by SMEs, again, review the literature critically and argue for 4 problems. (30/100 marks)
3. You need to outline five stages of growth. Again, you need to review the literature for this (20/100 marks)
4. Introduction and conclusions (10/100 marks). Short and unrepresentative conclusions lose marks.

Highest marks will be awarded to those who provide a critical review of the literature on the advantages of SMEs, problems faced by them, and explain their stages of growth. Pass will be granted to basic coverage of these.

Total marks awarded:100

AS2, Individual Assignment

Discuss the dilemma of changing the exchange rate in general and as applied to the UK. 

The marks will be allocated as follows:  

1. Appreciation and depreciation of a currency has consequences for trade: Discuss with reference to relevant theories. Give examples from UK (30/100 marks).
2. The exchange rate of the pound is now £1 = $1.37. down from 1£ =2$. Discuss implications to British economy [not just trade]: (60/100 marks)
3. Provide Introduction and conclusions in Report Style (10/100 marks)

Total marks awarded: 100

Highest marks will be granted to those who provide well-referenced arguments to all these details with a critical approach. Basic response to these details with reference will pass, and efforts in between will receive average marks.

5. Assessment Submission

Your assignment must be word processed and presented in a report format with simple sub-headings. The word count should be as specified in the assignment above±10%. Tables, diagrams, the reference list at the end and appendices are excluded from the count. 

The Assignment report should have a front sheet showing your name, your student number, the module name, the module number, the assignment title, the module tutor’s name, the date and the actual word count of your submission. 

All assignments will be submitted, graded and fed-back electronically via TURNITIN. Several submissions will be permitted before the final hand-in date to enable you to refine the content your report.

To submit your work, please go to the ‘Submit your work’ area of the Module Moodle site. It is important that you submit your work to the correct module Moodle site, and that your work is submitted on time.

Feedback on assignments in general will be provided to the whole group when marked assignments are returned. Feedback on assignments for everyone will be provided electronically via TURNITIN. 

A student may obtain an individual appointment to discuss feedback with the tutor.

Submission Deadlines

Assignment AS1:  12^th December 2021

Assignment AS2:  10^th January 2022

6. Assessment Guidance

General

The quality of your presentation and academic referencing is very important. You must use the Harvard Referencing System.

Within your assignment your tutor will be looking for content that addresses the key elements of the assignment brief.

7. Academic Practice

Amity University [IN] London policy will apply in all cases of copying, plagiarism or any other methods by which students have obtained (or attempted to obtain) an unfair advantage.

Support and guidance on assessments and academic integrity can be found from the following resources:

Moodle / Policies and Procedures

Moodle / Student Corner

8. Learning Outcomes

The learning outcomes being addressed through these assignments are:

LO 1 – Describe the key features of the economic environment, organisations, institutions and markets within the economic environment.

LO 2 – Using a variety of concepts and theories, discuss key issues in the economic environment and explain their impact on individuals, institutions and markets.

LO 3 – Describe various concepts and theories used to appraise a defined business issue.

LO 4 – Discuss the significance of numerical data (interest rate, exchange rates, GDP) used within economics.

General Assessment Guidelines for Written Assessments Level HE4

	%	Relevance	Knowledge	Argument/Analysis	Structure	Presentation	Written English	Research/Referencing
Class I (Exceptional Quality)	85-100%	Directly relevant to title.  Expertly addresses the assumptions of the title and/or the requirements of the brief.	Demonstrates an exceptional knowledge/ understanding of theory and practice for this level through the identification and analysis of the most important issues.	Makes exceptional use of appropriate arguments and/or theoretical models. Presents an analysis of the material resulting in clear, logical and original conclusions.	Coherently articulated and logically structured.   An appropriate format is used.	The presentational style & layout is correct for the type of assignment. Effective inclusion of figures, tables, plates (FTP).	An exceptionally well written answer with standard spelling and grammar. Style is clear, resourceful and academic.	Sources accurately cited in the text. A wide range of contemporary and relevant references cited in the reference list in the correct style.
Class I (Excellent Quality)	70-84%	Directly relevant to title.  Addresses the assumptions of the title and/or the requirements of the brief.	Demonstrates an excellent knowledge/understanding of theory and practice for this level through the identification and summary of the most important issues.	Makes creative use of appropriate arguments and/or theoretical models. Presents an excellent discussion of the material resulting in clear, logical conclusions.	Coherently articulated and logically structured. An appropriate format is used.	The presentational style & layout is correct for the type of assignment. Effective inclusion of figures, tables, plates (FTP).	An excellently written answer with standard spelling and grammar. Style is clear, resourceful and academic.	Sources accurately cited in the text. A range of contemporary and relevant references cited in the reference list in the correct style.
Class II/i (Very Good Quality)	60-69%	Directly relevant to title. Addresses most of the assumptions of the title and/or the requirements of the brief.	Demonstrates a very good knowledge/understanding of theory and practice for this level through the identification and summary of key issues.	Uses sound arguments or theoretical models. Presents a clear and valid discussion of the material. Clear, logical conclusions.	Logically constructed in the main. An appropriate format is used.	The presentational style & layout is correct for the type of assignment. Effective inclusion of FTP.	A very well written answer with standard spelling and grammar. Style is clear and academic.	Sources are accurately cited in the text and an appropriate reference list in the correct style is provided.
Class II/ii (Good Quality)	50-59%	Generally, addresses the title/brief, but sometimes considers irrelevant issues.	Demonstrates a good knowledge/understanding of theory and practice for this level through the identification and summary of some key issues.	Presents largely coherent arguments. Some issues and theoretical models expressed in simplistic terms. Conclusions are fairly clear and logical.	For the most part coherently articulated and logically structured. An acceptable format is used.	The presentational style & layout is correct for the type of assignment. Inclusion of FTP but lacks selectivity.	Competently written with minor lapses in spelling and grammar. Style is readable and academic in the main.	Most sources accurately cited in the text and an appropriate reference list is provided which is largely in the correct style.
Class III (Satisfactory Quality)	40-49%	Some degree of irrelevance to the title/brief.  Superficial consideration of the issues.	Demonstrates an adequate knowledge/understanding of theory and practice for this level. An attempt is made to identify key issues.	Presents basic arguments but focus and consistency lacking in places. Some issues may lack clarity, and/or theoretical models expressed in simplistic terms. Conclusions are not always clear or logical.	Adequate attempt at articulation and logical structure. An acceptable format is used.	The presentational style & layout is largely correct for the type of assignment. Inappropriate use of FTP or not used where clearly needed to aid understanding.	Generally, competently written although intermittent lapses in grammar and spelling pose obstacles for the reader. Style limits communication and is non-academic in a number of places.	Some relevant sources cited.   Some weaknesses in referencing technique.
Borderline Fail	35-39%	Significant degree of irrelevance to the title/brief. Onlythe most obvious issues are addressed at a superficial level and in unchallenging terms.	Demonstrates weaknesses in knowledge of theory and practice for this level, with poor understanding of key issues.	Limited arguments, which lack clarity in places. Conclusions are neither clear nor logical.	Poorly structured.   Lack of articulation. Format deficient.	For the type of assignment, the presentational style &/or layout is lacking. FTP ignored in text or not used where clearly needed.	Deficiencies in spelling and grammar makes reading difficult. Simplistic or repetitious style impairs clarity. Style is non-academic.	Limited sources and weak referencing.
Fail	<34%	Relevance to the title/brief is intermittent or missing. The topic is reduced to its vaguest and least challenging terms.	Demonstrates a lack of basic knowledge of either theory or practice for this level, with little evidence of understanding.	Severely limited arguments. Lacks clarity. Conclusions are sparse.	Unstructured. Lack of articulation. Format deficient	For the type of assignment the presentational style &/or layout is lacking. FTP as above.	Poorly written with numerous deficiencies in grammar, spelling and expression. Style is non-academic.	An absence of academic sources and poor referencing technique.

• Assignment status: Already Solved By Our Experts
• (USA, AUS, UK & CA PhD. Writers)
• CLICK HERE TO GET A PROFESSIONAL WRITER TO WORK ON THIS PAPER AND OTHER SIMILAR PAPERS, GET A NON PLAGIARIZED PAPER FROM OUR EXPERTS

QUALITY: 100% ORIGINAL PAPER – NO PLAGIARISM – CUSTOM PAPER