BLAW1002 S2 2020 – Economic Exercises (EEs) [rate 30%] Rate Petty and Traceing Guidance intervalraint Wards
1. Spellline of Economic Exercises (EEs) – rate 30%
? Rate petty beneficial on Blackboard (Bb): Wednesday 23rd September 2020, 1pm.
o All spells precise in this petty are in Perth, AWST.
o Wards suppress up to 23 days to termination on EEs.
? Live and chronicled Q&A sessions on EEs via Bb Collaborate with Andrew Brennan:
o Wednesday 30th September 2020, 1pm to 2:30pm (in schooling loose week). o Friday 9th October 2020, 9am to 10:30am (i.e. in the precise online disquisition spell on M7). o Friday 16th October 2020, 9am to 10:30am (i.e. in the precise online disquisition spell on M8).
? Unconcealed strainings (if absenceed) on EEs with Morgane Johns via the Ed Intervalraintum
o Monday 28th September to Friday 2nd October.
o Monday 5th to Friday 9th October.
o Monday 12th to Friday 16th October.
? Morgane Johns accomplish endeavour to exculpation inquires on Ed amid 12 hours during the weekdays as sayd aggravate. Brennan may remnant in on Ed as courteous (when absenceed).
? Segregateicipation in the Bb Collab sessions and on the Ed Intervalraintum is allly optional.
? Due date/spell of EEs: succumb an ediboard Signal Instrument (or PDF) to Turnitin by Friday 16th October, 1pm.
o No absence intervalraint a blendmit hide page, proper embody the inquirys and your exculpations and the aftercited:
? When succumbting your termination, embody your ward spectry, ward ID, tutor’s spectry and the tutorial classificationatize spell and day in the ediboard Signal Instrument (or PDF). N.B. the perfect dimension intervalraint uploading to Turnitin canreferserviceable exceed 20MB.
The EEs redeep of single individuality with cockney (2) involuntary scrutinizety written exculpations.
There are cockney (2) deep inquirys with different compressiveness to be exculpationed using courteous-labelled, influence-drawn diagrams, with faultlessness and ample senses.
The exculpations must apply to manage economic concepts taught in the bearing BALW1002 S2 2020 economic modules E2 (M7) and E3 (M8), where bearing.
The manage economic concepts are enthralled from CORE ESPP, and are examideficiency in disquisitions and tutorials:
• Economics Module E2 (BLAW1002 M7) – Agriculturals and Traceets intervalraint Amiables and Services CORE ESSP Readings, clarified individualitys of Item 7: Introduction to 7.12, 7.14. https://www.core-econ.org/espp/book/text/07.html
• Economics Module E3 (BLAW1002 M8) – Traceet Successes and Scarcitys CORE ESSP Readings, clarified individualitys of Item 11: Introduction to 11.14.
In EEs, the deep marrow is on E2 and E3. EEs is chiefly a written anatomy using prose. There is a graphical factor to this rate where you are to singly influence-duntried (pen, season, and then scrutinize) the blendmits of the bearing economics diagram. These exculpations absence to be relishnessd, eventually diagrams must be influence-drawn and scrutinizened into the Signal instrument.
3. Aggravateobject of Traces
How traces are allocated:
Students accomplish be assignableiceserviceable on the distance to which they inequitableally exculpation the inquiry and supply manifest, cork, courteous-reasoned and ample senses. In unconcealed, the ocean the observation to segregateicular in sense absorbed with cork continueency, ceced reasoning, and clarity, the eminent the trace (eminence trice). In this rate, the abundantlyness and condition of the sense matters. There are no inequiboard signal times per se, so hanker as what is written contributes to and coerciontifys your anatomy. Petty exculpations absorbed with near observation to segregateicular eventually ostentatious you secure most of the untried basics punish should desubserve you a sportive (by or unworthy confidence trice) aggravateall. Half-marks are awarded in this rate. Here is a bewaremly rubric to surrender you a unrefined manage as to how the rate segregatey shall be assignableiceable:
0 – 49%
50 – 64%
65 – 79%
80 – 100%
Adjunction of Economic Hypothesis Scant cognizance and adjunction of manage economic concepts/ presumptive frametermination in exculpation to the condition inquirys. Sportive cognizance and adjunction of manage economic concepts/ presumptive frametermination in exculpation to the condition inquirys. Sound cognizance and adjunction of manage economic concepts/ presumptive frametermination in exculpation to the condition inquirys. Discriminating cognizance and adjunction of manage economic concepts/ presumptive frametermination in exculpation to the condition inquirys.
Despatch and Technical
Diagrams are assignserviceable rightd, or the inpunish diagram is rightd that is assignserviceable inequitableally taught in the disquisitions and/or CORE ESPP. Basic diagrams are deceptive to embody the hypothesis in neutralize collective conditions. Diagrams are courteouslabelled, inhalen with faultlessness and beneficial to the condition inquiry. Diagrams are courteouslabelled, inhalen with laudserviceable faultlessness, beneficial to the condition inquiry and with technical rigour.
Critical Thinking /
Reasons are inconsistent, preventive, or equivocal and/or assignserviceable knadmit by discovery averment from the bearing doctrines. Small right of beneficial assignableice in the manage intelligence doctrines. Reasoning is bearing and knadmit by some anatomy and constituency of discovery averment from the bearing doctrines. Some right of beneficial assignableice in the manage intelligence doctrines. Cork and manifest knadmit by anatomy and constituency of discovery averment from the bearing doctrines. Amiserviceable right of beneficial assignableice in the manage intelligence doctrines. Discerning and broad knadmit by sound anatomy and constituency of discovery averment from the bearing doctrines and elapsed. Ceced right of beneficial assignableice in the manage intelligence doctrines.
A unrefined manage to the trace awarded extinguished of 30 intervalraint the enactment as a total:
30–49% (F): An enactment that is very petty with (peradventure inexact) diagrams and chiefly dim. Poorly deceptive decisions and inpunish grammar, punctuation and spelling interfere with relegateing aim to readers.
50–59% (P): Some adjunctions of the hypothesis, eventually nature a piece unmanifest at spells. Different errors in the diagrams, nonetheless, secures the basics performed. Potential enervation in English and decision constituency, assignserviceable abundantly be-mixedage to the deep doctrines.
60–69% (C): Aggravateall, adjunctions of hypothesis to the diagrams are dsingle courteous and/or sense of diagrams are interesting at spells. Averment of some technical segregateiculars, eventually (perhaps) some blendmits made were a piece inconsistent or assignserviceable examideficiency in segregateicular ample (i.e. inample profundity of hideage).
70–79% (D): A very amiserviceable enactment, artfulness from the assignableice from the bearing intelligence doctrines and with some subjoined discovery, teaching the hypothesis in some segregateicular and evaluating the height at influence. A cockney of segregateiculars peradventure could suppress been elaborated on (hereafter assignserviceable totally ample to be awarded a noble eminence). Aggravateall, a numerous enactment, has amiserviceable profundity to it and with bearing technical segregateiculars.
An laudserviceable enactment, totally spiritual on different occasions, ceced presumptive adjunctions, broad, crystal-manifest senses, discovery rarity, and technical inequitableation.
4. Rate Task
Q1. Tesla and the Traceet intervalraint Electric Relegateances in the US (E2)
Electric-car product bewarems to be exercitation of the controlthcoming to aid conclude zero-emissions relegateances. Tesla is a traceet head incompact the electric relegateance (EV) manufactures. Read the aftercited doctrines and then exculpation the inquirys below:
https://arstechnica.com/cars/2019/12/tesla-stock-just-hit-a-new-record-of-400-heres-one-reason-why/ https://www.theverge.com/2020/1/29/21113987/tesla-q4-2019-earnings-results-profit-revenue-model-3 https://thenextavenue.com/2020/06/10/teslas-model-3-profit-margin-is-35-and-it-can-double/
Inveterate on the argument in these doctrines and economic hypothesis from Module E2,
a) teach the weighty role of economies of flake on the genesis of EVs.
[suggestion: 250 signals or near]
[2 traces intervalraint condition of sense]
b) duntried an misspend diagram to embody and teach in some segregateicular the advantage-serviceability of Tesla’s Model 3 sedan aggravate the prevent half of 2019.
[suggestion: 400 signals or near]
[4 traces intervalraint diagram + 5 traces intervalraint condition of sense]
c) Do a piece of extra discovery and supply a remark on Tesla’s ability to promote EV advantage-serviceability and reach neutralize traceet divide (and insist) in the intervalrainteseeserviceable controlthcoming.
[suggestion: 400 signals or near]
[5 traces intervalraint condition of sense and discovery]
Apply to manage decisions and purposes from the doctrines where bearing to prop your anatomy.
HINT: A manage diagram intervalraint the inquiry (in segregate b) is where agricultural which firms the charge to maximise advantage-service, such as Figure 7.9d from CORE ESPP. A amiserviceable exculpation examinees all the bearing aspects connected to the diagram and be-mixeds to manage pieces abextinguished Tesla’s footing from the jumpary(s).
Q2. Trader Ships and Disclaiming Apparent Amiabless of the Grease Drop in Mauritius (E3) [14 traces]
Consider the traceet intervalraint trader ships. Read the aftercited manage jumpary and the bearing productlinks
contained amid: https://theconversation.com/why-decarbonizing-marine-transportation-might-not-be-smooth-sailing-116949
a) Inveterate on the cited readings (links contained amid the manage jumpary): erect a board and blendmarise the manage advantages and apparent environmental absorbs of trader ships.
[suggestion: 250 signals or near]
[2 traces intervalraint identifying manage advantages and apparent absorbs]
b) Inveterate on Module E3, duntried a bearing diagram to embody and teach the disclaiming genesis apparentity of trader ships. Label your axes and curves regardfully and right provisionally total in your diagram. Assume—as CORE ESPP Item 11 does—that the traceet is competitive.
[suggestion: 400 signals or near]
[3 traces intervalraint diagram + 3 traces intervalraint condition of sense]
c) Read the aftercited manage doctrines that chat abextinguished the absence intervalraint ample atonement intervalraint those segregateies disclaimingly artful in the Mauritian grease drop:
Assume intervalraint plainness that the deep third segregatey artful is the tourism toil in Mauritius. Building on the manage diagram you plain in segregate (b) aggravate, embody and critically evaluate the council device of atonement to aid unfold the traceet scarcity in this condition.
[suggestion: 400 signals or near]
[2 traces intervalraint diagram + 4 traces intervalraint condition of sense]
Apply to manage decisions and purposes from the doctrines (and be-mixeds contained with) where bearing to prop your anatomy.
HINT: (restraint segregate b) manage diagram: triton agnate to Figure 11.7a from CORE ESPP.
5. Expectations (HD archelikeness exculpation from elapsed semester)
A noble-condition archelikeness of a elapsed ward’s termination can subsubserve as a rightful starting blendmit. Please meet herein a noble eminence trice exculpation written by single of our elapsed wards from BLAW1002 in S1 2020.
N.B. I suppress erased the ward’s spectry and other identifying segregateiculars to secure concealment – and suppress in understanding that this enactment has been succumbted to the Turnitin classification. The archelikeness exculpation supplyd is to aid you secure instituted on your admit written anatomy.
Comment: So, as you can beware the amiserviceable exculpation here has teached the deep diagram punishly including the bewaremly council device to unfold the traceet scarcity, illustrating a definitive apparent amiables. The ward has exculpationed the inquiry courteous using musical prose, describing what apparent amiabless are, and the diagram is influence-drawn punishly and courteous-labelled using a piece of objective and provisionally axioms. The ward concluded this by having dsingle a puny piece of extra discovery, which is exuberant intervalraint this blendmit inquiry.
PAST Q. MARKET FAILURE – offer terminationers in the US (E3)
What are apparent amiabless? Consider the significance of US offer terminationers in the coronapoison pandemic, according to this jumpary:
Inveterate on this argument and economic hypothesis, duntried an misspend diagram to embody and teach this inequiboard relishness of apparentity. Demonstrate on your diagram and examine what would be a bewaremly council device to aid unfold the traceet scarcity in this condition.
[Likeness exculpation in 400 signals or near] [7 traces]
The COVID-19 pandemic has intervalraintced commonalty to redeep at firmtlement and thus insist has vertical intervalraint firmtlement deliveries of necessities (Osofsky 2020), which has led to the product of a definitive apparent amiables: a subsided waste of poison scatter intervalraint connection (Osofsky 2020). This is knadmit as an apparent amiables becaright the actions of the offer terminationers suppress an application on a third segregatey – connection – which is assignserviceable embodyd in the final retired advantage (MPB) nor final retired absorb (MPC). However, the offer terminationers accomplish themselves enumerateenance a eminent waste of taint as a termination.
As can be bewaren in Figure 3, offer terminationers’ salary and thus their MPB are firm at P0 – equiponderant to $15USD per hour (Hadden 2020) – and the abundantlyness of deliveries is currently Q0, corkly 250 packages per terminationer per day (Hadden 2020). This media that the offer traceet is administrationing at blendmit X – intervalraint offer agriculturals, this appears to be the Pareto-efficient blendmit, as MPB is resembling to MPC: the absorb of employing those terminationers and carrying extinguished other offer-connected processes.
Figure 3 – Traceet scarcity on offer services in the US during the COVID-19 pandemic
However, there is to-boot a hidden final apparent advantage (MEB): the subsided absence intervalraint cork adjunction betwixt citizens (Osofsky 2020). As a termination, the final gregarious advantage (MSB) of the offer toil is eminent than its MPB, illustrating a definitive apparent amiables. As such, the objective Pareto efficient blendmit of genesis is blendmit E, where MPC is instead resembling to MSB (CORE Team 2019). At this blendmit, the abundantlyness of deliveries affordd is now resembling to Q1, eventually the charge paid by consumers continues agricultural at P0. The prize of this apparent advantage is equiponderant to area AB. Competentness the traceet is administrationing at blendmit X and thus at a non-Pareto-efficient plane, there is traceet scarcity and undergenesis of deliveries.
However, withextinguished some condition of atonement to reunfold this traceet scarcity, offer employees accomplish assignserviceable be accomplishing to enumerateenance eminent waste terminationing from increased deliveries, blendmitly as they currently withdrawal specific protective equipment (Osofsky 2020). The borrowed absorbs of increasing genesis (area A) appear in the intervalraintm of increased labour absorbs as courteous as mound PPE absorbs.
To aid genesis at blendmit E, the council could lapse using a auxiliaries (area AB) – this mass blend, shadmit in the diagram, could hide the borrowed absorbs (area A) as courteous as the continueing prize of the apparent advantage (area B). As such, abundantlyness affordd can amplify from Q0 to Q1 withextinguished offer terminationers nature disadvantaged, competentness consumers advantage from neutralize deliveries and connection can advantage from unworthyer interaction. Thus, the traceet can administration at the eminent, Pareto-efficient blendmit where MPC is resembling to MSB, and thus offer terminationers suppress been possessed intervalraint the apparent advantage they supply – all segregateies should advantage from the auxiliaries. However, in exercitation this intervals on which segregatey is paying the taxes to stock the auxiliaries in the earliest assign.
CORE Team (2019), Economy, Connection, and Public Device, Oxford, UK (500 pages, Oxford University
Press, softcover, ISBN 978-0-19884-984-1, beneficial: https://www.core-econ.org/espp
Hadden, Joey (2020), “Amazon offer drivers divide what it’s relish to be on the face lines of the coronapoison pandemic, including assignserviceable having spell to lave their influences and uncleaned vans.”
Office Insider Australia, beneficial: https://www.businessinsider.in/slideshows/miscellaneous/amazon-delivery-driversshare-what-its-like-to-be-on-the-front-lines-of-the-coronavirus-pandemic-including-not-having-time-to-wash-their-hands-anduncleaned-vans/slidelist/74921693.cms#slideid=74921706
Osofsky, Leigh (2020), “Striking Amazon, Instacart employees show how a basic economic motive could derail our ability to encounter the coronavirus.” The Conversation, beneficial:
6. Rationale intervalraint EEs
Adjunction of Economic Motives – Exercises [rate 30%]
ULO4 teach how office and traceeting strategies can cem prize thunrefined adjunction of economic motives.
Rationale intervalraint Exercises: to aid the ward intelligible and/or coerciontify their analytical and despatch skills firm by applying their cognizance of economic motives to express earth issues. Toil prizes terminationers with a courteous-plain firm of analytical skills and communicative abilities. Neutralizeover, articulating manifest exculpations and solving (economic) heights are weighty skills to suppress in the express office earth.
7. FAQs and other assignablees
? How do I applyence the deep passage?
o The CORE Team (2019): Economy, Connection, and Public Device, Oxford, UK (500 pages),
Oxford University Press, softcover, ISBN 978-0-19884-984-1. https://www.core-econ.org/espp ? Intervalraint in-passage applyencing, I would go intervalraint triton relish: CORE ESPP Team (2019).
? How do I applyence online intelligence doctrines?
o Beware: https://libguides.library.curtin.edu.au/ld.php?content_id=47908597
? Neutralize straining on applyencing.
o Aggravateall, the EEs are assignserviceable a superior discovery soul. The CORE ESPP passage (Units 7 and 11) and bearing disquisition and tutorial materials (connected to E2 and E3) plus applyences absorbed in this rate petty are chiefly ample intervalraint you. You are expected in your exculpations to apply to manage economic concepts taught in E2 and E3, where bearing. Proper be prudent and regardful to transcribe in your admit signals when you duntried upon the disquisition slides and CORE readings.
? Intervalraint the diagrams/models, you effectiveness absence to mould a lively applyence from the CORE ESPP passage and/or disquisition materials. You can pettyly remark where you got the CORE model/diagram from.
? Intervalraint compressiveness of the inquiry that require a piece of extra online discovery, then a bibliography is absenceed. Embody bewaremly in-passage applyencing and a bibliography (a applyence schedule) intervalraint any subjoined sources rightd.
? The co-ordination rumor has been disabled intervalraint wards to object as this may cem some uncalled-ce tantalize if showed (i.e. there is jump to be some concordant full from the CORE passage and the inquiry firm awe. incompact the wards).
o As a ward, you solely absence to tantalize if:
1. you’ve deliberately and strategically plagiarised;
2. and/or sent the EEs on the black product intervalraint somesingle else to do intervalraint you; 3. and/or copied extensive chunks from your felunworthy classificationatizemates.
Asegregate from the aggravate, you should solicitude-alarm assignserviceable and affect your originality condition renunciation.
? Is the intervalraintmatting agreeable?
o Assignserviceable aggravately agreeable. Proper do what you absence to do re Chicago (you can right Harvard or APA if you fancy) and mould fast your fonts and styles and styles awe. are agreeserviceable and calligraphic, so the traceer can manifestly beware what absences to be bewaren. It is a amiserviceable purpose to supply a bewaremly style intervalraint each diagram you duntried (as in the condition of the archetype).
? On the inquiry of signal times, the device intervalraint the EEs is triton relish this: there are no signal times per se – you accomplish assignserviceable be penalised intervalraint going aggravate the signal time per se, so hanker as what is written is bearing and exculpations the inquiry.
o The irresponsible remarkserviceable signal time intervalraint the season as total would be repeat encircling 2500 signals — most wards accomplish assignserviceable absence to transcribe that sum.
o The suggested signal enumerate is purely a impulse, wards are operating to transcribe neutralize if they absence to. Eventually, as a unrefined manage, you probably should assignserviceable go aggravate by neutralize than 100-300 signals.
? Aim intervalraint a healthful neutralize betwixt paraphrasing and quotes (eventually don’t aggravateright quotes).
? What do you average by ‘technical segregateiculars’ (esp. re Q1) and using ‘provisionally or express prizes’?
o Where potential, combine some blendmits of axioms from the jumpary in inquiry (or with extra discovery if you absenceed to) to mould it a slight neutralize accurate to relegate the concept.
? The expressity is you accomplish assignserviceable be serviceserviceable to with broadness right objective prizes intervalraint complete blendmit on the curves awe. It is proper assignserviceable potential.
o Making up figures (i.e. nature provisionally) is noble and a amiserviceable exercitation intervalraint all inquirys. Intervalraint pattern, it is ceced to secure objective abundantlyness figures intervalraint the x-axis. To be on the impregnable interest, proper say to the reader that you’re using provisionally prizes—that exercitation you are informing the reader/maker precisely what you’re are doing.
? Intervalraint pattern on Q1, you may meet neutralize info in the jumpary on charges and advantage-service to some distance (eventually assignserviceable necessarily MC and isobenefit-service curves per se). Obviously, you won’t suppress an all D-curve of charges, eventually you can duntried upon the jumpary to secure an way.
? If you expressly absenceed to, you could investigate a charge elasticity of insist in Q1 segregate b, inveterate on the provisionally figures that you suppress rightd. It’s assignserviceable expected as a basic substratum of an exculpation, eventually intervalraint wards who absence to termination on a noble-standard deferred exculpation, then go intervalraint it. It to-boot does interval on how the interval of the inquiry is tackled and how you be-mixed it to the doctrines awe.
o You should assignserviceable absence to do an fair portraiture of a diagram from the item materials — as this is an applied soul — a diagram may corkly resemble triton from the materials, eventually it accomplish assignserviceable be an fair mate.
? What is the traceing and trices deadline?
o Please alunworthy intervalraint a three (3) week turnencircling intervalraint traceing. The traces and comments should be beneficial on Bb in Trice Center by Friday Nov. 6th 1pm at the past.
? ? ? The End! ? ? ?
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