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ASSESSMENT 3 BRIEFSubject Code and Title ECON6000 Economic Principles and Decision MakingAssessment Assessment 3: Reflective JournalIndividual/Group IndividualLength Up to 1500 words maximumLearning Outcomes 1. Successfully prepare a reflection indicating how this unit has helped you understand the core economic concepts and applying these to real time environmentSubmission Week 11 (Module 6.1) – Friday 11:55pm AESTWeighting 20%Total Marks 20 marksECON6000_Assessment_3_Brief_individual_due in Week 11ContextThis assessment allows you to reflect on how assessments 1 and 2 have helped you to understand the overall subject contents and apply the core concepts in real-time job environment. This assignment is to mainly help you reflect how the unit has helped you with a sound understanding of the volatility of business environment and effective decision making as business economists. Your reflection will be a maximum of 1500 words. You will have a minimum of 6 academic references to support your answer. Do not include information from blogs. You will follow APA 6th edition referencing style.ReferencingIt is essential that you use appropriate APA style for citing and referencing research. Please see more information on referencing here. http://library.laureate.net.au/research_skills/referencingSubmission InstructionsWrite instructions explaining where students will submit assessment in the LMS portal• e.g. Submit digital presentation slides/notes via the Assessment link in the main navigation menu in SUBJECT CODE: Subject name. The Learning Facilitator will provide feedback via the Grade Centre in the LMS portal. Feedback can be viewed in My Grades.Below is a guide to constructing rubrics. Please adapt appropriately and adjust the criteria you use to assess.Assessment RubricAssessme nt Attribute s Fai l(Yet to achieve minimum standard) 0-49% Pass(Function al) 50-64% Credit(Proficient) 65-74% Distinctio n (Advanced) 75-84% HighDistinction(Exceptional)85-100%Knowledge and understanding of core Economics Content (30%)Critical reasoning, presentation and defence of an argument and/or position (25 %)No or limited understanding and knowledge of the core concepts; key areas not addressed; Limited or no evidence of researchArgument fails to consider the complexities of the issue(s) or scope of the assignmentsFair understanding and knowledge of the core concepts; Fair assertion of personal opinion with information substantiated by evidence.Argument begins to take into account the issue(s) or scope of the assignments.Good knowledge or understanding of the required concepts and knowledge of key areas Good assertion of personal opinion supported by evidences through researchArgument considers the complexities of the issue(s) or scope of the assignments. Others’ points of view are acknowledgedHighly developed understanding and knowledge of the field. Very good assertion of personal opinion; information well supported by research and evidence; good readingArguments are very sound indicating a solid understanding of the conceptsA sophisticated understanding of the discipline with sound assertion of personal opinion and information well supported by researchand good readingArguments presented expertly, authoritativelyand accurately considering the complexities of the issue(s) and scope of the assignments. Justifies the conclusions withSound arguments.Analysis and application with synthesis of new knowledge(25 %)Limited synthesis and analysis and very limited application based upon analysisDemonstrates fair analysis and synthesis ofnew knowledge. Showsthe ability to interpret relevant information.Well-developed analysis and synthesis of new knowledge. Sound application of concepts.Thoroughly developed analysis and synthesis of new knowledge. Nearexcellent recommendationsHighly sophisticated, creative analysis; synthesis of new with existing knowledge. Excellent application of knowledge.Quality of the answersPoor assignment; limitedJust a fair assignment; fairGood assignment; goodVery good overall; soundExcellent display ofwith application of new application of new application of new display of application of display of application of application of newconcepts (10%) knowledge related to knowledge related to the new knowledge related to new knowledge related to knowledge related toeconomic conceptseconomic concepts.the economic conceptseconomic concepts. economic conceptsManaging Time andPoor time managementBarely able to manage timeGood time managementSound time managementExcellent timepurpose of the with delay in submission with minimal information with good information from with proficient level of management,assessment (10%) of the assignment; poor from scholarly sources; scholarly sources. Good information from scholarly understanding of theunderstanding of the limited understanding of the understanding of the sources. Proficient purpose and a timelypurpose of this purpose of this assessment purpose of this assessment understanding of the submission of theAssessmentpurpose of this assessmentassignment accompanied by excellent research from scholarly sources.he following Subject Learning Outcomes are addressed in this assessmentSLO A) Interpret and successfully apply the economic conceptsSLOC) Apply new knowledge and display understanding of the various costsSLO D) Ability to critically evaluate the role and impact of the government in Australian economy.
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