Group Assignment
Assessment Details and Submission Guidelines
Trimester T3 2024
Unit Code HI5003
Unit Title Economics for Business
Assessment Type Group Assignment
Due Date + time: January 31, 2025; Time 11.59 PM
Weight 40 %
Total Marks Assignment (40 marks)
Submission Guidelines • All work must be submitted on Blackboard by the due date along with a
completed Assignment Cover Page.
• The assignment must be in MS Word format unless otherwise specified.
Academic Integrity Holmes Institute is committed to ensuring and upholding academic integrity. All
Information assessments must comply with academic integrity guidelines. Please learn about
academic integrity and consult your teachers with any questions. Violating academic
integrity is serious and punishable by penalties that range from deduction of marks,
failure of the assessment task or unit involved, suspension of course enrolment, or
cancellation of course enrolment.
Penalties • All work must be submitted on Blackboard by the due date and time, along with
a completed Assessment Cover Page. Late penalties apply.
• Your answers must be based on Holmes Institute syllabus of this unit. Outside
sources may not amount to more than 10% of any answer and must be correctly
referenced in full. Over-reliance on outside sources will be penalized
• Reference sources must be cited in the text of the report and listed appropriately
at the end in a reference list using Holmes Institute Adapted Harvard
Referencing. Penalties are associated with incorrect citation and referencing.
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Group Assignment Guidelines and Specifications
Purpose:
This assignment aims to enhance students’ research and analytical ability through the application of their
economics knowledge learned in the course unit to compose a company report.
The recommended assignment structure for final submission is as follows:
⎯ Table of content
⎯ Executive Summary
⎯ Introduction
⎯ Company background
⎯ Industry/sector background
⎯ The market structure of the industry/sector
⎯ Micro-economic and macroeconomic factors that influence demand of the company’s product(s) or
services
⎯ Micro-economic and macroeconomic factors that influence supply of the company’s product(s) or
services
⎯ Elasticity
⎯ Recent macroeconomic event that affected the industry/company and, Australia
⎯ Recommendations
⎯ Conclusion
⎯ List of References.
Note*: The structure content is not limited to the items listed above. Creativity for a better report
structure is a key requirement.
Detailed requirements of the assignment
You are a group of advisors to the Management Board in your company with Headquarters in Australia. As
advisors you are first, required to conduct research on your selected sector/industry covering the previous 5-
10 years. Second, you are required to present a company strategy to your Management Board and to the
Federal Government of Australia covering the next 5 years. Your Management Board requires that you submit
a 3000-word market report containing your findings and strategies. Finally, your Management Board requires
that your research should predominantly be based on microeconomic and macroeconomic theory and
application of Holmes Institute syllabus.
Company Selection Guidelines
Note:
(i) Choose a company/firm of your choice.
(ii) The company/firm must be an enterprise based in Australia either as a national enterprise
or a multinational subsidiary in Australia with headquarters abroad
Note:
i. if your company has many products and/or services, you can select a representative product/service to
be the basis for your research.
ii. This report should provide useful information for your company’s Management Board. It should use a
variety of resources, including the textbook, newspapers, industry reports, the ABS website, and other
sources.
iii. Furthermore, your report should include headings and sub-headings. It needs to be properly referenced
using the Harvard style and at least 5 references.
HI5003 Economics for Business
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REFERENCING GUIDELINES: Holmes Adapted Harvard Referencing
Student Assessment and Referencing Rules
Adapted Harvard Referencing Rules
Holmes has implemented a revised Harvard approach to referencing. The following rules apply:
1. Reference sources in assignments are limited to sources which provide full text access to the source’s
content for lecturers and markers.
2. The reference list must be located on a separate page at the end of the essay and titled: “References”.
3. The reference list must include the details of all the in-text citations, arranged A-Z alphabetically by
author surname with each reference numbered (1 to 10, etc.) and each reference MUST include a
hyperlink to the full text of the cited reference source. For example:
1. Hawking, P., McCarthy, B. & Stein, A. 2004. Second Wave ERP Education, Journal of
Information Systems Education, Fall, http://jise.org/Volume15/n3/JISEv15n3p327.pdf
4. All assignments must include in-text citations to the listed references. These must include the
surname of the author/s or name of the authoring body, year of publication, page number of the
content, and paragraph where the content can be found. For example, “The company decided to
implement an enterprise-wide data warehouse business intelligence strategy (Hawking et al., 2004,
p3(4)).”
Non-Adherence to Referencing Rules
Where students do not follow the above rules:
(i) For students who submit assignments that do not comply with the rules, a 10% penalty will be applied.
(ii) Students who comply with rules and the citations are “fake” will be reported for academic
misconduct.
STUDENT ASSESSMENT SUBMISSION AND LATE PENALTIES
To be eligible to pass this unit, you must complete all forms of assessment and demonstrate achievement
of the learning outcomes. All assignments must be submitted electronically ONLY using a word
processor, uploaded to Blackboard via the Final Check and Submission of SafeAssign.
As per the Student Handbook, late penalties will apply each day after the student/s has been notified of
the due date. Submission deadlines are strictly enforced and a late submission incurs penalties of 5
(five) % of the assessment value per calendar day unless an extension and/or special consideration has
been granted by the lecturer prior to the assessment deadline. Unless an extension and/or special
consideration has been granted, no assessments are accepted after 14 calendar days of the due date, or
HI5003 Economics for Business
Page 4 of 8
the end of the trimester for assessments due later in a trimester. Students need to allow up to 24 hours
for the Final Check of their assignment submission to SafeAssign to be available.
Group Assessment Plan
An effective way for students to learn economics is through participation in a Group Assessment
Project. This project is designed to accomplish effective learning.
During the course of the semester, each of the elements of your Group Assessment, may be reviewed
by your Lecturer.
Group Communication tools
File Exchange tool:
All the academic papers that are used in the assignment need to be posted on BB by using File Exchange
tool. Students need to highlight the discussion in the academic paper which is relevant issues related
to the assignment. Academic papers can be found in ProQuest (ProQuest instruction can be found in
page 6. Assignment will be marked ZERO if does not include references list.
Group Blog:
All the discussion about group assignment needs to be recorded by using Group Blog tool. The
discussion must relevant to the content of the assignment and reflects the outcome of the group
meeting.
How to do group assignment – Instruction
Group tools
Your instructor chooses which communication and collaboration tools are available to your group. If
you want to use a tool but don't find on your group's page, ask your instructor to enable it.
Tool Description
File Exchange Group members and instructors can share files in this area. All members can add
and delete files, regardless of who added them.
Group Blog In the group area, all members of a group can create entries for the same blog
and build on each entry. All course members can read and comment on a group
blog, but they can't make posts unless they are members of the group. Instructors
can choose to grade group blogs. All group members receive the same grade.
Group Journal In the group area, all members of a group can view each other's entries. Only
group members and instructors can view a group journal. Instructors can choose
to grade group journals. All group members receive the same grade.
Send Email Group members can email individual members or the entire group.
Exchange files with a group
• With file exchange, you can share files with other members of your group, including your
instructor.
• You can't create folders in file exchange. With your group, decide how you want to name files so
that they are easier to locate in a long list.
Add a file to the file exchange
(i) Group Tools > File Exchange > Add File
(ii) Add a name for the file you want to upload. Browse for the file and submit.
(iii) Delete a file from the file exchange
(iv) You can delete any file, even if you didn't upload it. On the File Exchange page, select Delete
in the file's menu.
HI5003 Economics for Business
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Group Blog
All the group members can discuss about the assignment by using Group Blog. Once you are allocated in
a group, you can see this function.
Group > Group Tools > Group Blog > Create Blog Entry
ProQuest
To login
Go to: http://www.holmes.edu.au/ > Login > Proquest
USERNAME: holmes2004 and; PASSWORD: holmes
Proquest Tips
HI5003 Economics for Business
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HI5003 Economics for Business
Marking Rubric
Criteria Excellent (>=80%) Very good (70-79%) Good (60-69%) Satisfactory (50-59%) Unsatisfactory (<50%)
The degree of - Excellent understanding about - Very good understanding about the - Good understanding about the - Reasonable understanding Poor understanding about
understanding and the company/industry with company/ industry with some company/industry with few about the company/industry the industry and
knowledge about the comprehensive and updated updated data. updated data. with a limited amount of completely wrong
company and the data. information about the identification of the
- Correct identification of the market - Correct identification of the
industry which is shown company/industry. market structure with poor
- Correct identification of the structure, supported by good market structure, supported by
in the description of the evidence to support.
market structure, supported by evidence about the approximate some evidence about the - Address the question about
company & industry, and
extensive evidence about the number of firms in the market, approximate number of firms in market structure but mis-
the analysis of market
approximate number of firms in market share, market leaders, the market, market share, market identify the structure or
structure
the market, market share, product homogeneity/heterogeneity, leaders, product correctly identify the market
(25 % of the total mark) market leaders, product etc. homogeneity/heterogeneity, etc. structure but do not provide
homogeneity/heterogeneity, good evidence to support.
etc.
The degree of analysis of - Excellent analysis about - Very good analysis about demand - Good analysis about demand and - Reasonable analysis about -Poor analysis about
demand and supply demand and supply and supply determinant, supported supply determinant, supported by demand and supply demand and supply
determinants; and the determinant, supported by by very good data or studies. good data or studies. determinant, supported by determinant, with no
discussion about price excellent data or studies. limited data or studies. supported discussion.
- Conclusion about elasticity is - Conclusion about elasticity is
elasticity of demand
- Conclusion about elasticity is supported with good supported with limited - Conclusion about elasticity -Conclusion about
(25% of the total mark) strongly supported with discussions/argument Or refer to discussions/argument. is not supported with elasticity is not supported
excellent discussions/argument studies in the literature to support discussions/argument. with
Or refer to studies in the the conclusion discussions/argument.
literature to support the
conclusion
Analysis of a recent -Excellent description of the -Very good description of the event -Good description of the event -Reasonable description of -Poor description the
macroeconomic event event the event event
-Very good discussion about the -Good discussion about the likely
that has affected the
-Excellent discussion about the likely impact of the event on the impact of the event on the -Reasonable discussion about -Poor discussion about the
firm/ industry and,
impact of the event on the market, supported by some good market, supported by limited the likely impact of the event likely impact of the event
nation
market and nation, supported evidence (statistics, studies or evidence (statistics, studies or
HI5003 Group Assignment T3 2024
Criteria Excellent (>=80%) Very good (70-79%) Good (60-69%) Satisfactory (50-59%) Unsatisfactory (<50%)
(25% of the total mark) by good evidence (statistics, articles that discuss the actual or articles that discuss the actual or on the market, not supported on the market, not
studies or articles that discuss likely impacts). likely impacts) by good evidence supported by any evidence
the actual or likely impacts).
The degree of research, - Evidence of comprehensive -Evidence of very good and relevant -Evidence of good and relevant -Evidence of reasonable -No good and relevant
the format, structure, and relevant research with research with correct referencing. research with correct referencing. research with some mistakes research with many
presentation, and writing correct referencing. in referencing. mistakes in referencing.
-Meet format requirements to a very -Meet format requirements to a
of the report
- Meet format requirements to good standard, including clear good standard, including clear -Meet format requirements -May not have followed
(25 % of the total mark) a high standard, including clear structure, headings, word count structure, headings, word count to a reasonable standard, but key question selection
structure, headings, word count (close to approximation) and very (close to approximation) and good could be improved with a guidance, or may not meet
(close to approximation) and good presentation. presentation. clearer structure, headings, format requirements, such
excellent presentation. or may have better met word as clear discussions, titles
count approximation) and or headings, word count,
fair presentation. or poor presentation.
HI5003 Group Assignment T3 2024
