Course Work Assessment – Alternative Assessment Semester 202320 Division: Business Assessment title - StudyAce – Custom Writing & Research Support for All Levels

Course Work Assessment – Alternative Assessment

Semester

202320

Division: Business

Assessment title in

Syllabus

Problem-Based

Assessment

Program: Finance

Course Code

ECO 1103

Course Title

Macroeconomics

Course Instructor

CRN

Assessment Weight

20%

Submission Deadline

Student Name:

Student HCT ID:

For Examiner’s Use Only

CLO

CLO3

CLO4

Total

50%

100

100%

Marks Allocated

Marks Obtained

HCT Policy statement: Alternative Assessment: Any assessment in which the students

know the instructions, questions, requirements, purpose, and grading criteria in advance, such as portfolios, reports, presentations, projects, etc.

Chatbot ( e.g. ChatGPT ) statement

This submission does not allow you to use any AI tool to complete. Any breach of this requirement will be treated as a plagiarism attempt and shall be subject to the HCT Academic Integrity Policy.

INSTRUCTIONS TO CANDIDATES:

ANSWER ALL THE QUESTIONS THAT FOLLOW

SECTION A: The Planning Stage

As Advisor to the Government of your country, which TWO economic objectives are you going to aim to achieve?

________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

What is your reason/s for focusing on the TWO specific aims you identified in your answer to question 1?

SECTION B: The Implementation Stage

Round 1- Month 1

1a. Which is the first policy choice that you are going to implement during month 1? Identify its number AND description.

1b. Which type of stabilization policy is your government using? Justify your answer.

1c. Copy and paste a screenshot of the macroeconomic results you achieved after you implemented this policy.

Round 2 – Month 2

2a. Which policies will you implement in month 2? Identify the policies by number and

description; and list them in the same order that you will implement them.

2b. Which type of stabilization policies is the government this month? Justify your answer.

2c. Copy and paste screenshots of the macroeconomic results you achieved after you implemented each one of your policies individually. (You must have a screen shot for each policy you implement, with each screenshot showing also the previous policies that you implemented in the previous time period and also this month).

Round 3 – Month 3

3a. Which policies will you implement in month 3? Identify the policies by number and

description; and list them in the same order that you will implement them.

3b. Which type of stabilization policies is the government this month? Justify your answer.

3c. Copy and paste screenshots of the macroeconomic results you achieved after you implemented each one of your policies individually. (You must have a screen shot for each policy you implement, with each screenshot showing also the previous policies that you implemented in the previous time period and also this month).

Round 4 – Month 4

4a. Which policies will you implement in month 4? Identify the policies by number and

description; and list them in the same order that you will implement them.

4b. Which type of stabilization policies is the government this month? Justify your answer.

4c. Copy and paste screenshots of the macroeconomic results you achieved after you implemented each one of your policies individually. (You must have a screen shot for each policy you implement, with each screenshot showing also the previous policies that you implemented in the previous time period and also this month).

Section C: The Evaluation Stage

Complete the following table with the progress that you have achieved in your economy.

MONTH 1

MONTH 2

MONTH 3

MONTH 4

Indicate the number of the policies you have implemented, in the same order that you have you have implemented them each month

Government Score

Inflation

Unemployment

GDP

Debt

Assume that following the implementation of your chosen policies, the economy experiences the monthly economic scores for inflation, unemployment, GDP, debt, an overall Government Score that you report in the table above.

Comment on the results you achieved in each month. (Month 1 is done for you by way of example)

Round 1 / Month 1

Inflation = -1 has decreased and it is lower than recommended level. Unemployment = -1 = this means that unemployment has decreased in the

economy. The score shows that unemployment is lower

than the recommended level.

GDP = 1 = there has been a small level of growth in GDP

Debt = 1 = National debt has accumulated but it is still at a low and

acceptable level.

Apply your knowledge of business cycles to determine:

the stage of the business cycle the economy is experiencing in each month;

give reasons for your answer.

What do you expect will happen to aggregate demand (AD) in each month in response to policies you chose to implement? Give reasons for your answer.

Are you satisfied with the economic progress that you have achieved with your policy choices? Explain why or why not.

Which policy, or set of policies, were most efficient at achieving your aim? Explain your answer.

GRADING RUBRIC

Not competent

LEVEL OF COMPETENCE

CLO ATTAINMENT

Basic

Proficient

Advanced

CLO 3

CLO4

Learning objective

SECTION,

QUESTION

A. Understanding of government objectives

1. Ability to identify achievable government aims

§ A Q 1

2. Ability to justify selection of achievable government aims

§ A Q 2

B. Application of economic concepts

1. Ability to select appropriate policies to achieve the macroeconomic aims

§B Q1a, 2a, 3a,

2. Ability to recognise the nature of the selected policy

§B

Q 1b, 2b, 3b, 4b

C. Analytical skills

1. Ability to determine the policy effect on economic variables

§C Q 2a

2. Ability to undertake the required analyse to determine the business cycle stage

§ C Q2b

3. Ability to undertake the required analyse to determine

the impact on AD

§ C Q3

D.Critical skills

1. Ability to express opinion and to justify it

§C Q 4, 5

E Communication skills

1. Ability to use the simulation and report the results

§B

Q 1c, 2c, 3c, 4c

2. Ability to present work in a coherent manner

entire assignment

TOTAL CLO ATTAINMENT

(each CLO is marked out of a total of 24 marks)

OVERALL GRADE SCORED (Maximum 100%)

ECO 1103

Assessment 3

Student Task

1 |6

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Course Work Assessment – Alternative Assessment Semester 202320 Division: Business Assessment title

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