Instruction: You are required to write a 1000-word essay for each of the following questions. Question 1 Many countries around the world now are facing third or fourth wave of the pandemic –
BM02-3-1 BES Alternative Assessment – Individual Essay Page 4 of 4 This is an Individual Essay weighted at 50% for the Business Economics Module. Learning Outcomes: Learning outcome Learning Outcomes Assessment Method LO1 Describe the core concepts of microeconomics and macroeconomics. (C2, PLO1) Final Examination LO2 Present the importance of monetary and fiscal policies used to direct a country’s micro and macro-economic goals, using visual aids. (A2, PLO5) Individual Presentation LO3 Report in group the concept of equilibrium to both microeconomics and macroeconomics and its key indicators in a national economy. (A3, PLO4) Group Report Instruction: You are required to write a 1000-word essay for each of the following questions. Question 1 Many countries around the world now are facing third or fourth wave of the pandemic – COVID 19. Discuss some recovery measurements that can be taken by a government to overcome this crisis. (50 marks) Question 2 Explain how a government can use monetary & fiscal policies to strengthen its exchange rate. (50 marks) DELIVERABLES A well-referenced research should be carried out for this essay. An appropriate essay structure is required. (Introduction, body and conclusion). Format: Using font size 12, Times New Roman for writing style, line spacing of 1.5. Word count should not exceed more than 1,000 for each essay. You are required to demonstrate good comprehension of the module. At least 4 different academic references must be used. You are REQUIRED to use proper referencing methods for this assignment – Harvard system MARKING CRITERIA – ESSAY Each ESSAY will be marked based on the following criteria: – Content & Facts – systematic & analytical ability 25 marks Discussion & Recommendation 15 marks Referencing & Structure of Essay 5 marks Overall effectiveness 5 marks TOTAL 50 marks Grades would be awarded as follows: 80%+ All criteria met. 70%-79% Work of a distinguished quality, demonstrating authoritative grasp of concepts, methodology and subject matter, and the candidate had the ability to link the subject matter to a practical setting. 60%-69% Demonstration of above average understanding of concepts, methodology and subject matter. Candidate was able to show that s/he had the ability to link up the subject matter in the questions asked to the practical setting. However, assignment had grammar and spelling mistakes. 50%-59% Work which demonstrates a sound grasp of key concepts is well structured and has no serious omissions or irrelevancies. Ability to link up subject matter to a practical setting was very limited. Assignment had grammar and spelling mistakes. 40%-49% Basic subject matter adequately covered but is descriptive and may be flawed by omissions and/or irrelevancies. Many grammar and spelling mistakes. Candidate did not show the ability to link subject matter to the practical setting in the questions asked. -End of Individual Essay- Level 1 Asia Pacific University of Technology & Innovation 202111