Assessment Event 3 - Personal Learning Journals (2 submissions)

Weighting: 30 % Learning Outcomes: 1-4 Graduate

Attribute: 1, 2, 5 & 6 Due date: Weeks 5 & 12

Personal learning Journal 1 10% (week 5)

Personal Learning Journal 2 20% (week 12)

The Personal Learning Journals will require you to complete, or also be assessed on:

2 written submissions which offer students the opportunity to demonstrate understanding, obtain feedback and be able to learn from this feedback before the exam (KEY submissions). The first one will be on a micro economic topic and the second one on a macro economic topic.

Submissions will vary from a report addressing the required elements of an article (PLJ1), to a multiple answer journal, addressing various questions about a case study topic (PLJ2). They should require, but not only, relevant theory & solutions, as well as examples, graphs, and calculations where relevant to evaluate current economic events with theory learnt in classes.

Students are encouraged to research beyond the core text and articles provided.

Marks are awarded individually and separately for each PLJ submission. The marking criteria and the relevant marking rubric (that is uploaded to Moodle will be circulated by your teacher).

The different tasks for the 2 submissions are listed below. The format to present your responses to these questions is flexible. There is available a template in the Moodle (not compulsory to use this template); or you can complete in a "report format"; or PLJ2 a question & answer format.

Personal Learning Journal 1 - due end of Week 5 Weighting 10%

The PLJ1 case study article to be supplied separately & uploaded to Moodle under Assessments tab; when the semester starts.

1. Explain what messages this news article conveys and decide whether they will impact, demand, supply or both determinants; and how they are affected? Also, how prices are affected, and to what extent? (citing relevant theory from the prescribed text book. (E.g. Price vs Non-price determinants).

2. Construct clearly labelled graphs to demonstrate what will happen to the market, (you can use separate graphs for separate effects if that is easier); and

3. Explain the theory and effects being applied in your graph using full sentence and economic terminology explanations.

4. Any subsequent or 'follow on' effects to the market, after the initial impacts (graphs can also be used here to illustrate).

Christmas king prawn prices on the rise as drought hits supply on New South Wales north coast

ABC Mid North Coast

ByBridget MurphyandKim Honan

Posted23 Dec 2019, 7:02am