Assignment Brief

Module title Principles and Applications of

Assignment number and title Semester 2 (Essay)

Assignment type Essay 3000 words (100% weighting)

Learning outcomes (see Module Handbook for all learning outcomes) • Identify and explain how household, business, and government behaviour determine aggregate demand and supply in an economy.
• Recognise the key factors which contribute to, and detract from long-term economic growth, including market failure and government policy.
• Illustrate the operation of open and closed economies, and the processes of balance of payments and exchange rate adjustment.
• Use these principles in an array of contexts so as to analyse economic problems (such as unemployment and inflation) and evaluate local and global solutions.

Weighting: 100 Marks

Date set:
Deadline Semester 2:
Grade returned:
Programme Leader

Module Leader:
Module Lecturers:

Assessment Scenario

  1. Evaluate the success of Government macroeconomic Policies to achieve both lower levels of Unemployment and lower rates of Inflation over the last 10 years in the UK.

Important Instructions for this Assessment

To help you :

A government can use one, all, or a combination of policies to accomplish their macroeconomic goals, i.e. sustainable growth, stable prices and stable employment. Your analysis must focus primarily on the macroeconomic effects of the policy/policies you have chosen, with an outline of the economic theory underpinning these polices and only a marginal focus on their social, political, or environmental effects.
You should illustrate your arguments with relevant and recent economic data, and where applicable, to compare and contrast policy alternatives. Choosing the U.K., the U.S., or a Western European economy ensures higher availability of data.

Your essay must contain:

  1. Introduction – outline your ‘plan of attack’ and explain key concepts and definitions. (+/- 300 words)
  2. An explanation and analysis of the policies and theories relevant to your title
  3. Current or historic relevant data, including charts and diagrams where appropriate
  4. A full explanation of how the policies and theories can be applied and their expected effects
  5. Conclusion – where you draw together your analysis and produce a balanced,
    evaluated conclusion (+/- 400 words) 2
    Not included in the word count
    Bibliography (compulsory)
    Graphs, tables, appendices (optional, but recommended)
    Big dangers
  6. Incorrect use of Harvard referencing and other academic conventions
  7. Failing to actually answer the question and/or present a balanced conclusion
  8. Failing to explain policies and theories carefully (i.e what – why – how)
  9. Not enough Economics/too much politics/too much waffle
  10. Failure to use assessment criteria in module handbook (see below)
  11. Essay Mills/Scullion Scholars

Assessments Criteria
Component form Magnitude Weighting Deadline Objective(s) assessed
Essay 3000 words 100% 1,2,3,4
Mode of working
This is individual assignment. The University will apply in all cases on copying, plagiarism, or any other methods by which students have obtained (or attempted to obtain) an unfair advantage.

Format for the submitted work
The work must be submitted in the form as instructed above. Harvard referencing must be used throughout the assessment.

Hand-in procedure
Please follow The University policy regarding handing in of assignment. Also, ensure that the assignment is handed in on time (12.00 noon) and retain a copy of your submitted receipt.

Assessment Criteria Grid – Generic descriptors to inform marking criteria for academic undergraduate assessments

Criterion:  Exceptional First  100, 95  Outstanding
88, 85, 88  First 
78, 75, 72  2 (i)  68. 65. 62  2 (ii)  58. 55. 52  Third 

  1. 42  Fail 

the closure period over Christmas and New Year are not working days. You will receive your feedback for this module:

Learning resources
An indicative list of essential learning resources, including journals and websites, with core texts identified as such.
This list is illustrative and subject to availability in the case of the programme being delivered at partner institutions.
Core texts
Mankiw, G. (2017) Principles of macroeconomics, 8th edition, South-Western College Pub.
Mankiw, G. (2015) Principles of economics, London: Cengage Learning.
Begg, D., Vernasca, G. Fisher, S. & Dornbusch, R. (2014) Economics, 11th edition, Maidenhead: McGraw-Hill.

Recommended texts
Cowen, T. & Tabbarok, A. (2014) Modern principles of economics, London: Macmillan.
Murphy, R.P. (2015) Choice: cooperation, enterprise, and human action, Oakland, CA: Independent Institute.

Cambridge Journal of Economics

Any mark you receive for assessed work will have formal feedback with it. This will help to explain your mark and give you suggestions as to how you can improve next time. You should download your marked work along with the feedback as soon as possible after these dates. Using this as part of a discussion with your Development Tutor and with me will greatly increase your understanding of where you can make improvements in your work.

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