HI5003 Economics for Business
HOLMES INSTITUTE
FACULTY OF
HIGHER EDUCATION
Group Assessment Details and Submission Guidelines
Trimester T2 2022
Unit Code HI5003
Unit Title Economics for Business
Purpose of the
assessment (with
ULO Mapping)
i. Students are required to work in groups of 4 members to choose an
industry/Sector of their choice. While working in a specific group, students
are required to apply their knowledge learned in the course unit to write
an industry/sector report (Learning Outcomes 1, 2, 3, 5).
See Assignment Specifications for detailed requirements
Assessment
Type/Title
WEIGHT LEARNING
OUTCOMES
Word
Limit
Due date
Written Final
submission
Group/ Individual
mark
40% 1, 2, 3, 5 3000 See Guidelines below
Total 40% 1,2,3,4,5 See Guidelines below
Specific presentation and final assignment submission guidelines
Submission
Guidelines
(40 marks)
All work must be submitted on Blackboard by the respective due date along with a
completed Assignment Cover Page:
Final industry research submission
(i) Due date: Week 11, Mid night Monday 26, September 2022
(ii) Final submission research paper on you sector or industry should not exceed 3000
words
(iii) The assignment must be in MS Word format, single spacing, 12-pt Arial font and 2 cm
margins on all four sides of the page with appropriate section headings and page
numbers.
(iv) Reference sources must be cited in the text of the report, and listed appropriately at
the end in a reference list using Harvard referencing style.
(v) Penalties apply for late submissions.
(vi) Students in a group are required to participate equitably in the group assignment and
that students are responsible for the academic integrity of all components of the
assignment. You need to complete the following table which identifies which
student/students are responsible for the various sections of the assignment
(vii) The Assignment Coversheet in the BB Group Assignment information must be
completed, signed and submitted with the assignment as it is a compulsory
component required before any grading is undertaken.
Group
Formation
1. students can form their respective groups in the BB of 4 Members maximum
2. If you are intending to work alone you will STILL need to enrol yourself in a group (known
as a ‘solo-group’). Solo group enrolment will be available to join at 12 noon on Monday
of week 6
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When solo groups open on Monday of week 6, no further 4-person groups will be
available to join.
If you wish to limit the size of your assignment group to 2 or 3 persons, that can only
be done once solo groups are opened. One person must enroll in a solo group and then
request the Unit Coordinator to add the second (and third) member. This must be done
at the start of week 6.
3. Call members who may wish to form a group with you by using the Discussion Board
or during Drop-in Sessions.
4. Once you have agreed, go in the BB and self-enrol.
5. Do not join any group unless you are allowed to join the group by the existing Group
members.
6. In case a member joins your group without permission, REPORT immediately. The
name will be deleted.
7. All students MUST be in A GROUP by the end of WEEK 7 (September 2, 2022).
Do not delay starting to work on your Project Work
Assignment 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.
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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. Third, your Management Board requires that you
make a presentation of your findings and strategies, and you prepare a 3000-word market report.
Note:
i. if your company has many products and/or services, you can select a representative product/service to
discuss for points (2); (3); (4); and (5).
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 Holmes Institute adapted Harvard style and at least 5 references.
iv. The list below is provided from which you are to choose a sector/ industry. Invalid submission will be
considered for a sector that is not included in the list below.
v. Indicate your research Sector/Industry and, the company before your table of content.
Australia sector/ industry selection distribution
1 Agriculture: fisheries
2 Agriculture: Floriculture industry
3 Agriculture: fresh foods industry
4 Agriculture: Poultry and Poultry products
5 Agriculture: support services
6 Construction services: Infrastructure and heavy construction
7 Construction Services: Institutional and commercial building
8 Construction Services: Renovation services
9 E-commerce
10 Education University and tertiary institutions
11 Education: Early Childhood-Primary Education
12 Education: Nursery and Education care sector
13 Education: Private Schools education sector (Primary and secondary)
14 Education: Private Technical and Further Education (TAFE) sector
15 Education: Public Schools education sector (Primary and secondary)
16 Education: Public Technical and Further Education (TAFE) sector
17 Entertainment: Live performance industry
18 Entertainment: recorded entertainment and cinema industry
19 Finance: Superannuation services
20 Financial services – Brokerage Services
21 Financial services –Banking sector
22 Financial services -Insurance Services
23 Financial services -Tax and audit consulting
24 Hair and beauty services
25 Health Care services- Laboratory and diagnostic care services
26 Health Care services- Private Health services
27 Health Care Services-Dental care services
28 Health Care-Disability services
29 Healthcare services- Home care and Aged Care Services
30 Information: land line telephone communications
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31 Leisure and hospitality: Marine tourism and charter vessels
32 Leisure and hospitality: Cruise services
33 Leisure and hospitality: Fast foods
34 Leisure and hospitality: Hotel and Accommodation services
35 Leisure and hospitality: Tour and Travels services
36 Leisure and hospitality: Tourism and heritage sites
37 Mannequins and modelling
38 Manufacturing beverages other: Bottled Water
39 Manufacturing beverages: Beer and alcoholic drinks
40 Manufacturing beverages: Fruit Juice Drink
41 Manufacturing beverages: Soft Drink
42 Manufacturing beverages: Spirits
43 Manufacturing beverages: Wine Production
44 Manufacturing food: Bakery products
45 Manufacturing food: Dairy products
46 Manufacturing food: flour mill and cereal food
47 Manufacturing food: Fruit and vegetable processing
48 Manufacturing food: Meat and meat products
49 Manufacturing food: Oil and fat manufacturing
50 Manufacturing food: Seafood processing
51 Manufacturing food: Sugar and confectionery
52 Manufacturing sector: machinery and equipment manufacturing including parts
53 Manufacturing sector: Automotive industry
54 Manufacturing sector: chemical manufacturing and processing: pesticides
55 Manufacturing sector: footwear and accessories
56 Manufacturing sector: Furniture and wood products
57 Manufacturing sector: leather
58 Manufacturing sector: metal
59 Manufacturing sector: Petroleum refining
60 Manufacturing sector: plastics manufacturing
61 Manufacturing sector: printing including small and large production runs
62 Manufacturing sector: pulp and paper products
63 Manufacturing sector: Ship building
64 Manufacturing sector: textiles
65 Manufacturing-chemical manufacturing and processing: Basic Inorganic
66 Manufacturing-chemical manufacturing and processing: cleaning products and toiletries
67 Manufacturing-chemical manufacturing and processing: Cosmetics, Perfume
68 Manufacturing-chemical manufacturing and processing: explosives
69 Manufacturing-chemical manufacturing and processing: fertilisers
70 Manufacturing-chemical manufacturing and processing: pharmaceutical and medicinal
71 Manufacturing-chemical manufacturing and processing: photographic
72 Manufacturing-chemical manufacturing and processing: Soap and Cleaning Compound
73 Manufacturing-chemical manufacturing and processing: Synthetic Resin and Synthetic Rubber
74 Manufacturing-chemical manufacturing and processing: Veterinary Pharmaceutical
75 Media and Entertainment- cinematography
76 Media and Entertainment- Radio services
77 Media and Entertainment-Music, dance and drama services
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78 Media and Entertainment-Television services
79 Media: Internet services (other)
80 Media: Internet services- Online forums
81 Media: Internet services- Social networks or websites
82 Mining: bauxite, alumina, rutile and tantalum
83 Mining: Coal mining
84 Mining: Gem and other natural resource industries
85 Mining: Gold
86 Mining: Iron ore
87 Mining: Oil and gas industry
88 Mining: Other minerals
89 Oil and gas exploration and production
90 Postal and Warehousing Professional
91 Property market, Rental, Hiring and Real Estate Services
92 Publishing industry
93 Quarrying industry
94 Quaternary sector: Computing and ICT (information and communication technologies)
95 Quaternary: Research and design (R&D)
96 Quaternary: consultancy (offering advice to businesses)
97 Racing industry
98 Real Estate
99 Retail trade
100 Scientific, Technical Services and Architectural services
101 Telecommunication services: Mobile cell trade services
102 Telecommunication services: Mobile phone manufacturing
103 Telecommunication Services: Mobile phone repair services
104 Transport services: Air freight and logistics
105 Transport services: Airline industry
106 Transport services: marine services
107 Transport Services: Private-for-hire Vehicle (non-rail) Industry
108 Transport Services: Public bus services
109 Transport services: Train services
110 Transport services: Warehousing and stevedoring
111 Transport: Private bus services
112 Utilities: Electricity supply services
113 Utilities: Gas supply services
114 Utilities: Water and Waste Services
115 Utilities: Water, sewerage and drainage services
Note:
(i) Two groups must not research on an identical industry or sector
(ii) The industry or sector selection will be first come basis
(iii) Send email to your Unit Coordinator for approval of the topic
(iv) Sectors/Industry selected will be posted in form of weekly basis announcement
(v) Following (i) and (iv), before choosing a combination check to identify that the Sector or
industry not identified before seeking approval.
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REFERENCING GUIDELINES: Holmes Adapted Harvard Referencing
Holmes has now implemented a Holmes adapted Harvard approach to referencing:
1. Reference sources in assignments are limited to sources which provide full text access to the
source’s content for lecturers and markers.
2. Your Reference list is to be located on a separate page at the end of the essay and titled:
References.
3. It should include the details of all the in-text citations, arranged alphabetically A-Z by author
surname. In addition, it MUST include a hyperlink to the full text of the cited reference source.
For example;
Hawking, P., McCarthy, B. and Stein, A. 2004. Second Wave ERP Education, Journal of Information
Systems Education, Fall, http://jise.org/Volume15/n3/JISEv15n3p327.pdf
4. All assignments will require additional in-text reference details which will consist of the surname of
the author/authors or name of the authoring body, year of publication, page number of content,
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)).”
Adherence to Referencing Guidelines is Mandatory
If students do not follow the above guidelines:
1. Students who submit assignments which do not comply with the guidelines will incur penalties.
2. Students whose 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.
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 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.
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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.
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
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ProQuest
To login
Go to: http://www.holmes.edu.au/ > Login > Proquest
USERNAME: holmes2004 and; PASSWORD: holmes
Proquest Tips
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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
understanding and
knowledge about
the company and
the industry which
is shown in the
description of the
company &
industry, and the
analysis of market
structure
(25 % of the total
mark)
– Excellent understanding about
the company/industry with
comprehensive and updated
data.
– Correct identification of the
market structure, supported by
extensive evidence about the
approximate number of firms in
the market, market share,
market leaders, product
homogeneity/heterogeneity,
etc.
– Very good understanding
about the company/ industry
with some updated data.
– Correct identification of the
market structure, supported
by good evidence about the
approximate number of firms
in the market, market share,
market leaders, product
homogeneity/heterogeneity,
etc.
– Reasonable
understanding about the
company/industry with a
limited amount of
information about the
company/industry.
– Address the question
about market structure
but mis-identify the
structure or correctly
identify the market
structure but do not
provide good evidence to
support.
Poor understanding
about the industry and
completely wrong
identification of the
market structure with
poor evidence to
support.
The degree of
analysis of demand
and supply
determinants; and
the discussion
about price
elasticity of
demand
(25% of the total
mark)
– Excellent analysis about
demand and supply
determinant, supported by
excellent data or studies.
– Conclusion about elasticity is
strongly supported with
excellent discussions/argument
or refer to studies in the
literature to support the
conclusion
– Very good analysis about
demand and supply
determinant, supported by
very good data or studies.
– Conclusion about elasticity is
supported with good
discussions/argument or refer
to studies in the literature to
support the conclusion
– Good analysis about demand
and supply determinant,
supported by good data or
studies.
– Conclusion about elasticity is
supported with limited
discussions/argument.
– Reasonable analysis
about demand and supply
determinant, supported
by limited data or studies.
– Conclusion about
elasticity is not supported
with
discussions/argument.
-Poor analysis about
demand and supply
determinant, with no
supported discussion.
-Conclusion about
elasticity is not
supported with
discussions/argument.
Analysis of a recent
macroeconomic
event that has
affected the firm/
-Excellent description of the
event
–
the event
-Reasonable discussion
about the likely impact of
-Poor description the
event
-Poor discussion about
the likely impact of the
HI5003 Economics for Business 11
Criteria Excellent (>=80%) Very good (70-79%) Good (60-69%) Satisfactory (50-59%) Unsatisfactory (<50%)
industry and,
nation
(25% of the total
mark)
market and nation, supported
by good evidence (statistics,
studies or articles that discuss
the actual or likely impacts).
on the market, supported by
some good evidence
(statistics, studies or articles
that discuss the actual or likely
impacts).
limited evidence (statistics,
studies or articles that discuss
the actual or likely impacts)
the event on the market,
not supported by good
evidence
event on the market,
not supported by any
evidence
The degree of
research, the
format, structure,
presentation, and
writing of the
report
(25 % of the total
mark)
– Evidence of comprehensive
and relevant research with
correct referencing.
– Meet format requirements to
a high standard, including clear
structure, headings, word count
(close to approximation) and
excellent presentation.
-Evidence of very good and
relevant research with correct
referencing.
-Meet format requirements to
a very good standard,
including clear structure,
headings, word count (close to
approximation) and very good
presentation.
-Evidence of good and relevant
research with correct
referencing.
-Meet format requirements to
a good standard, including
clear structure, headings, word
count (close to approximation)
and good presentation.
-Evidence of reasonable
research with some
mistakes in referencing.
-Meet format
requirements to a
reasonable standard, but
could be improved with a
clearer structure,
headings, or may have
better met word count
approximation) and fair
presentation.
-No good and relevant
research with many
mistakes in referencing.
-May not have followed
key question selection
guidance, or may not
meet format
requirements, such as
clear discussions, titles
or headings, word
count, or poor
presentation.
