Arab Open University DD309A – Doing Economics Tutor Marked Assignment Cut-off Date: 13 May 2021 This TMA is an essay based on consumption and growth theory. It is marked out of 100 and is worth 20% of the overall assessment component. This TMA requires you to apply course concepts to your own experience and to … Continue reading “Doing Economics | My Assignment Tutor”
Arab Open University DD309A – Doing Economics Tutor Marked Assignment Cut-off Date: 13 May 2021 This TMA is an essay based on consumption and growth theory. It is marked out of 100 and is worth 20% of the overall assessment component. This TMA requires you to apply course concepts to your own experience and to discuss the economic implications of such an application. Please read the following example first, and then follow the instructions on the following page: Consumption and growth By: Graphic detail by economist.com EACH month The Economist surveys a group of economists and records the average and range of their predictions for GDP growth, consumer prices and current-account balances of 14 economies (see this month’s poll). Similarly, every three months Nielsen, a research firm, ask consumers about their personal finances and view of the economy for their consumer confidence index. In general economists and consumers seem to agree. In the first quarter of this year consumer confidence in Switzerland, for instance, jumped 13 points compared with the same period last year. Meanwhile forecasters revised up their estimates for economic growth by almost 1%. However, in a handful of countries the opposite is true: consumers’ outlooks are out of line with economists’. Japan is a stark example, where less growth is expected but consumers are much more gung ho than last year. One reason is the fact that growth is made up of more than just domestic consumption. Trade and investment matter, too. In addition, consumption accounts for a smaller share of Japan’s economy than of other rich countries’. And Japan’s growth forecasts declined sharply at the end of 2012, mainly due to China’s slowdown. But looser monetary policy has partly helped reverse that, and growth forecasts are up 0.6 percentage points from the beginning of the year. Source: Graphic Detail, “The Economist, “The Consumption and Economic Growth”, May, 2013, https://www.economist.com/blogs/graphicdetail/2013/05/focus-3 The TMA This TMA requires you to write a structured essay of no more than 1500 words, in which you attempt to answer the following question: Discuss the impact of the COVID-19 pandemic on private consumption in the country you are living in. Support your discussion with real data. This TMA is related to chapter 1 and 2 of the textbook which are taught in weeks 1 – 3. To answer the questions in full you should make sure that you have read these chapters. After reading these chapters you should have developed a well-rounded view of consumptions and markets. Your essay should be well organized, with a clear-cut layout of an introduction (20 points), a body (50 points) and a conclusion (30 points). You will need to use published data and information in order to answer the above question (e-library). You may translate your data into diagrams and match the theory with the application you are discussing. The body part of your essay has the weightiest part of the TMA and carries the highest proportion of marks (50 points). You should spend no more than 600 to 700 words on this part of the TMA. Your conclusion should include a summary of what you have discussed in your essay showing how the policy makers may benefit from your analysis. This TMA is worth of 20% of the total mark. The material should prove useful to you in answering the above questions, which should be around 1500 words in length. Your TMA should be attached with the PT3 listed below. Your essay should be within the specified range of words, and you must follow the Harvard Style of Referencing. You are expected to present a well-structured and organized piece of work that is of your own. Plagiarism will be penalized by deduction of marks. GOOD LUCK … Arab Open University Tutor Marked Assignment (TMA) Academic Year 2020 – 2021Semester : SecondBranch: KuwaitProgram: Business StudiesCourse Title: Doing EconomicsCourse Code: DD309AStudent Name:Student ID:Section Number:Tutor Name: Total Mark:Awarded Mark:Mark detailsAllocated MarksQuestionsQ1Q2Q3TotalWeight205030MarksDeducted MarksCriteriaPresentation 5Referencing 5Word Count 5E-Library 5TotalMarks100Student’s Total Mark Notes on plagiarism: According to the Arab Open University By-laws, “the following acts represent cases of cheating and Plagiarism: Verbatim copying of printed material and submitting them as part of TMAs without proper academic acknowledgement and documentation.Verbatim copying of material from the Internet, including tables and graphics.Copying other students’ notes or reports.Using paid or unpaid material prepared for the student by individuals or firms. Penalties for plagiarism ranges from failure in the TMA to expulsion from the university. Declaration: I hereby declare that the submitted TMA is my own work and I have not copied any other person’s work or plagiarized in any other form as specified above. Student Signature ……………………. Tutor’s Feedback Tutor Name:Tutor Signature:Date returned:
