Principles of Economics

Level 1

Feb June 2013 Semester

MAJAN COLLEGE (UNIVERSITY COLLEGE) FACULTY OF BUSINESS MANAGEMENT STUDENT ASSIGNMENT COVER SHEET
Module Name Module Code PRINCIPLES OF ECONOMICS Level 1 BC 03-1 2 INDIVIDUAL 50% weighting

Assessment No. Assessment Type and Weighting

STUDENT MCUC NUMBER:

Please note that a grade will only be given to those whose student number is noted on this form. Please ensure that the student numbers from all group members are recorded accurately. Submission Date: MODULE TUTOR: Week 14 AMIRA BASHAR

DECLARATION The work contained in this assignment is my own and that all materials and sources used have been acknowledged. I/We have not copied or colluded in part or in whole, or otherwise plagiarised the work of other students. This assignment has not been submitted for previous assessment in any other subject or to a substantial extent has been accepted for the award of any other unit, module, degree or diploma of a university or any other institute, except where due acknowledgement is made in the text. I/We confirm that I/we have read, understood and followed the guidelines for assignment submission and presentation provided by the lecturer. I/We understand that this assignment may be retained on the database and used to make comparisons with other assignments in future. I/We have made a copy of my assignment This work may be photocopied and/or communicated for the purpose of identifying plagiarism. I/We give permission for a copy of this marked assignment to be retained by the faculty of Business Management for the purpose of course reviews by external examiners and to be used as a resource by Majan College. I/We understand that unauthorized late submission without a valid written extension will be marked as per the college policy mentioned in the students handbook page 18 section 18.5.

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Principles of Economics

Level 1

Feb June 2013 Semester

ASSIGNMENT FEEDBACK

Summary of Quality of Work Scrap Book (50% weighting): Evidence of collection (15 %): Sources reviewed (15 %): Relevance of data (20 %):

Written report (50% weighting) : Coverage of key issues (10 %): Understanding of data collected (15 %): Linking data to economic theories (15 %): Summary of findings (10 %):

Final Grade:

(50 % weighting towards final grade)

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Principles of Economics

Level 1

Feb June 2013 Semester

PRINCIPLES OF ECONOMICS Assessment 2 - Portfolio/ Report ( 50% weighting)

This is an individual assessment carrying 50 % weighting towards your final grade. The assessment has two elements: a. Maintaining a scrap book/portfolio on the current developments in a selected area/areas of Omans macro economy (50% weighting). b. Writing a report on the same of about 700 to 1000 words (50% weighting). Task Details: Diversification of income sources has always been a major worry for all GCC member countries, but since the oil crisis of the eighties the importance of this macro economics issue has increased manifolds. Oman has noticeably engaged in developing a number of income sources other than oil such as tourism, agriculture and fisheries, mining, animal wealth...etc. a. The student is expected to choose any two areas of economic development that are targeted by the Omani government as alternative sources of income. The student is required to maintain a Portfolio/Scrap Book consisting of news paper / magazine articles / internet sources or any other information from secondary sources to highlight the efforts of

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Principles of Economics

Level 1

Feb June 2013 Semester

the Omani Government to develop and enhance the contribution of his/ her two selected areas to Omans economic growth.

b. The student is also required to submit a short written report of around 700 to 1000 words, summarizing his/her findings on the current economic developments in Oman in the two selected areas and relate the findings to his/her knowledge of macroeconomic concepts.

General Guidelines for the Assignment: You are expected to maintain and submit a Portfolio/Scrap Book consisting of news paper / magazine articles/ internet resources or any other information from secondary sources to highlight the efforts made by the Omani Government in developing the two areas selected by you to research the issue of income diversification in Oman. You are allowed to collect articles from any secondary sources such as newspapers, magazines, published reports, internet sourcesetc. You are required to collect at least 30 articles for the portfolio task (15 articles for each area). The articles should be from the latest news papers/magazines/internet sources (February to June 2013) Please note that it is the relevance and quality of the articles collected that will help you in getting higher grades and not the number of articles. You are basically required to collect information related to Omans economy. Other economies information may be used for comparison purposes ( comparing other countries information with that of Oman). Source and date of each article should be provided 4 Majan College (University College)

Principles of Economics

Level 1

Feb June 2013 Semester

For articles collected from an electronic source ( a newspapers electronic version or a website) you should provide the link and the date along with the article. Brief relevant commentaries on collected articles should be provided.

Students may share articles collected with other students but should not exceed 50% of the total articles and independent commentary should be provided by each student. The student is also required to submit a short written report of around 700 to 1000 words, summarizing their findings on the current economic developments in Oman in the two selected areas based on the articles collected and related to students knowledge of macro economics. Emphasis is on quality rather than quantity . Students are expected to focus on relevant news and to be able to relate their real findings to the economic concepts they learnt. Any report submitted that is longer than 1000 words, will only have the first 1000 words marked and therefore will most likely suffer in terms of the grade.

MARKING CRITERIA: Scrap Book a. Evidence of collection (15 %). b. Sources reviewed (15 %). c. Relevance of data (20 %). Written Report a. Coverage of key issues (10 %). 5 Majan College (University College)

Principles of Economics

Level 1

Feb June 2013 Semester

b. Understanding of data collected (15 %). c. Linking data to economic concepts (15 %). d. Summary of findings (10 %).

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