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HI5003 Economics for Business


Group Assessment Details and Submission Guidelines
Trimester T1 2020
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
equired to apply their knowledge learned in the course unit to write an
industry/sector report (Learning Outcomes 1, 2, 3, 5).
(ii) Also, students may choose to work as individual. In this regard, contact the Unit
Coordinator specifying that you are working on your Group Assignment as
INDIVIDUAL and not group.

(iii) Finally, students should form their respective groups in the BB as INDIVIDUAL or
See Assignment Specifications for detailed requirements

Due date
Written Final
Group/ Individual
40% 1, 2, 3, XXXXXXXXXXSee Guidelines
Total 40% 1,2,3,4,5 See Guidelines
Specific presentation and final assignment 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 June 8, 2020
(ii) Final submission research paper on you sector or industry should not exceed 2500 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
esponsible for the various sections of the assignment

HI5003 Economics for Business
Assignment Section Student/Students
Name XXXXXXXXXXReg. No. Signature

The table on the previous page (Page 1) needs to be completed and submitted with the
assignment as it is a compulsory component required before any grading is undertaken.

Assignment Specifications
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 (Optional)
 Introduction
 Introduction to the company
 Industry/sector background
 The market structure of the industry/sector
 Factors that influence demand for the company’s product(s)
 Factors that influence supply of the company’s product(s)
 Elasticity
 Impacts of an event on the industry/company
 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 secto
industry covering the previous 5-
10 years. Second, you are required to present a company strategy to your Management Board covering the
next 5 years. Third, your Management Board requires that you make a presentation of your findings and
strategies, and you prepare a 2,500 word market report. The market report should, as a minimum, address
the following key issues:
1. A description of your company and the industry your company
2. An analysis of the market structure the industry
3. A discussion about the demand and supply conditions for your product(s) or service(s).
4. A discussion about the demand elasticity for your product(s) or service(s)
5. An analysis of a recent event that has (or is likely to have) substantial impacts on your industry/sector.
Note: 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).
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.
HI5003 Economics for Business
Furthermore, your report should include headings and sub-headings. It needs to be properly referenced using
the Harvard style and at least 5 references.
Australia secto
industry selection distribution
1. Accommodation and Food Services
2. Agriculture sector: livestock and meat industry
3. Agriculture: fresh foods industry
4. Automotive industry
5. Aviation Industry
6. Banking and superannuation services
7. Building and construction
8. Construction services
9. Education University and tertiary institutions
10. Education: Early childhood and education care sector
11. Education: Schools education sector (Primary and secondary)
12. Education: Technical And Further Education (TAFE) sector
13. Energy Utilities Industry
14. Engineering and architectural services
15. Finance foreign exchange market
16. Financial services –Banking sector
17. Financial services -Insurance Service
18. Fishing
19. Forestry
20. Gasoline supply services
21. Health Care and Social Assistance
22. Healthcare services
23. Information: internet, radio and television communication
24. Information telephone communications
25. International trade
26. Labour industry
27. Leisure and hospitality
28. Manufacturing sector
29. Media and Entertainment
30. Metals and Mining Industry
31. Petroleum exploration
32. Postal and Warehousing Professional
33. Private-for-hire Vehicle Industry in Public Transit
34. Property market, Rental, Hiring and Real Estate Services
35. Public Transport-Train services
36. Recreation/ Hotel and restaurants
37. Retail and consumer goods business
38. Scientific, Technical Services and Architectural services
39. Services industry
40. Tourism
41. Utilities: Electricity and Gas services
42. Utilities: Water and Waste Services

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,
HI5003 Economics for Business
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.

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, will be reviewed by your
Lecturer. The lecturer is encouraged to review each submission and suggest areas for improvement where
appropriate, for more detailed study, or if acceptable to allow the students to proceed to the next phase in
development. At the end of the semester, each group is to present their entire Group Assessment in class or
via Video in class as will be determined by your Lecturer to the class.
File Exchange tool:
 All the academic papers that are used in the assignment need to be posted on BB by using File Exchange
tool (Instruction in page 5, for further questions and advice, refer to your lecturer). Student needs to
highlight the discussion in the academic paper which is relevant to the discussion in the assignment.
Academic papers can be found in ProQuest (ProQuest instruction can be found in page 5 and 6. Please
efer to the Li
arian if you have further question). Assignment will be marked ZERO if does not include
eferences list
 Group needs to submit the Draft for their assignment by using File Exchange tool one week before the
due date of final submission. The draft needs to be different from the last submission and reflect the
 If each member will do a part of the assignment, their work needs to be submitted by using File Exchange
 Presentation slides will be posted by using File Exchange tool.

HI5003 Economics for Business
Marking Ru
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
(25 % of the total
- Excellent understanding about
the company/industry with
comprehensive and updated
- Co
ect identification of the
market structure, supported by
extensive evidence about the
approximate number of firms in
the market, market share,
market leaders,
Apr 30, 2021HI5003

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