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Assessment 1 Individual essay Due date: Week 5 Page 4 of 7 Weighting:

19 / 01 / 2019 Economics

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Assessment 1 Individual essay Due date: Week 5 Page 4 of 7 Weighting: 25% Length and/or format: 1,500 words Purpose: To analyse the theory in terms of the microenvironment Learning outcomes assessed: LO 2, 3, 6 How to submit: Turnitin on LEO by 5 pm, Friday of week 5 Return of assignment: Approximately two-weeks after submission Assessment criteria: Marked rubric in Turnitin. Refer to rubric – ‘Criteria for marking’ Background The link between the consumption of sugar, and diabetes, heart disease, stroke and obesity has been asserted. The concern about the increasing incidence of obesity and disease in many countries has sparked debate about the merit of introducing an explicit sugar tax on either drink or food and drink which contain sugar. Your Task Your essay requires you to discuss the likely economic consequences and effectiveness of a sugar tax at reducing the consumption of high-sugar drink and food. Some Hints What is the economic rationale for introducing a tax on drink and food containing sugar? What does economic teaching suggest are the likely chances of a sugar tax being effective in reducing the consumption of these types of drink and food? What may governments do with the revenue raised by this tax in order to address the problem of obesity and disease? Is it ethical of governments to try to change our drinking and eating habits? Is it ethical of government to try to manage its financial obligations in the area of health expenditure by influencing our behaviours? Taxes on cigarettes, on alcohol, on petrol, on pollution and the carbon tax in Australia have all been levied, at least in part, in response to concerns about health of individuals and/or the environment. The experience of these taxes may or may not assist your assessment of a sugar tax as a public policy option, however these taxes are NOT the subject matter of this essay. Criteria for marking The following criteria will be applied when grading the assignment: Research and discussion of economic concepts (10). A demonstrated understanding of economic theory appropriate application of economic concepts in a manner which illuminates the problem and perhaps offers a solution Analyse, synthesise and evaluate information (10) Development of conclusions and recommendations (5) Communication, structure and format (5). Clarity and coherence of writing; correct referencing (Harvard).  Correct use of economic diagrams  Expressed awareness of ethical issues raised by the issue and possible solutions Students must present an assignment that directly addresses the assignment task. It is expected that the assignment will provide concise economic arguments and any appropriate explanatory diagrams. Marks will be awarded for reasoned explanations and arguments based upon economic analysis. REFERENCING This unit requires you to use the Harvard referencing system TEXTS AND REFERENCES: Required text(s) Hubbard, G, Garnett, A, Lewis, P & O`Brien, A, 2016, Essentials of Economics (third edition), Sydney, Pearson. Recommended references Gans, J, King, S, Stonecash, R, Byford, M, Libich, J & Mankiw, N, 2015, Principles of Economics (sixth edition), South Melbourne, Cengage. McTaggart, D, Findlay, C & Parkin, M, 2013, Economics (seventh edition), Frenchs Forest, Pearson.

Assessment 1 Individual essay Due date: Week 5 Page 4 of 7 Weighting: 25% Length and/or format: 1,500 words Purpose: To analyse the theory in terms of the microenvironment Learning outcomes assessed: LO 2, 3, 6 How to submit: Turnitin on LEO by 5 pm, Friday of week 5 Return of assignment: Approximately two-weeks after submission Assessment criteria: Marked rubric in Turnitin. Refer to rubric – ‘Criteria for marking’ Background The link between the consumption of sugar, and diabetes, heart disease, stroke and obesity has been asserted. The concern about the increasing incidence of obesity and disease in many countries has sparked debate about the merit of introducing an explicit sugar tax on either drink or food and drink which contain sugar. Your Task Your essay requires you to discuss the likely economic consequences and effectiveness of a sugar tax at reducing the consumption of high-sugar drink and food. Some Hints What is the economic rationale for introducing a tax on drink and food containing sugar? What does economic teaching suggest are the likely chances of a sugar tax being effective in reducing the consumption of these types of drink and food? What may governments do with the revenue raised by this tax in order to address the problem of obesity and disease? Is it ethical of governments to try to change our drinking and eating habits? Is it ethical of government to try to manage its financial obligations in the area of health expenditure by influencing our behaviours? Taxes on cigarettes, on alcohol, on petrol, on pollution and the carbon tax in Australia have all been levied, at least in part, in response to concerns about health of individuals and/or the environment. The experience of these taxes may or may not assist your assessment of a sugar tax as a public policy option, however these taxes are NOT the subject matter of this essay. Criteria for marking The following criteria will be applied when grading the assignment: Research and discussion of economic concepts (10). A demonstrated understanding of economic theory appropriate application of economic concepts in a manAssessment 1 Individual essay Due date: Week 5 Page 4 of 7 Weighting: 25% Length and/or format: 1,500 words Purpose: To analyse the theory in terms of the microenvironment Learning outcomes assessed: LO 2, 3, 6 How to submit: Turnitin on LEO by 5 pm, Friday of week 5 Return of assignment: Approximately two-weeks after submission Assessment criteria: Marked rubric in Turnitin. Refer to rubric – ‘Criteria for marking’ Background The link between the consumption of sugar, and diabetes, heart disease, stroke and obesity has been asserted. The concern about the increasing incidence of obesity and disease in many countries has sparked debate about the merit of introducing an explicit sugar tax on either drink or food and drink which contain sugar. Your Task Your essay requires you to discuss the likely economic consequences and effectiveness of a sugar tax at reducing the consumption of high-sugar drink and food. Some Hints What is the economic rationale for introducing a tax on drink and food containing sugar? What does economic teaching suggest are the likely chances of a sugar tax being effective in reducing the consumption of these types of drink and food? What may governments do with the revenue raised by this tax in order to address the problem of obesity and disease? Is it ethical of governments to try to change our drinking and eating habits? Is it ethical of government to try to manage its financial obligations in the area of health expenditure by influencing our behaviours? Taxes on cigarettes, on alcohol, on petrol, on pollution and the carbon tax in Australia have all been levied, at least in part, in response to concerns about health of individuals and/or the environment. The experience of these taxes may or may not assist your assessment of a sugar tax as a public policy option, however these taxes are NOT the subject matter of this essay. Criteria for marking The following criteria will be applied when grading the assignment: Research and discussion of economic concepts (10). A demonstrated understanding of economic theory appropriate application of economic concepts in a manner which illuminates the problem and perhaps offers a solution Analyse, synthesise and evaluate information (10) Development of conclusions and recommendations (5) Communication, structure and format (5). Clarity and coherence of writing; correct referencing (Harvard).  Correct use of economic diagrams  Expressed awareness of ethical issues raised by the issue and possible solutions Students must present an assignment that directly addresses the assignment task. It is expected that the assignment will provide concise economic arguments and any appropriate explanatory diagrams. Marks will be awarded for reasoned explanations and arguments based upon economic analysis. REFERENCING This unit requires you to use the Harvard referencing system TEXTS AND REFERENCES: Required text(sAssessment 1 Individual essay Due date: Week 5 Page 4 of 7 Weighting: 25% Length and/or format: 1,500 words Purpose: To analyse the theory in terms of the microenvironment Learning outcomes assessed: LO 2, 3, 6 How to submit: Turnitin on LEO by 5 pm, Friday of week 5 Return of assignment: Approximately two-weeks after submission Assessment criteria: Marked rubric in Turnitin. Refer to rubric – ‘Criteria for marking’ Background The link between the consumption of sugar, and diabetes, heart disease, stroke and obesity has been asserted. The concern about the increasing incidence of obesity and disease in many countries has sparked debate about the merit of introducing an explicit sugar tax on either drink or food and drink which contain sugar. Your Task Your essay requires you to discuss the likely economic consequences and effectiveness of a sugar tax at reducing the consumption of high-sugar drink and food. Some Hints What is the economic rationale for introducing a tax on drink and food containing sugar? What does economic teaching suggest are the likely chances of a sugar tax being effective in reducing the consumption of these types of drink and food? What may governments do with the revenue raised by this tax in order to address the problem of obesity and disease? Is it ethical of governments to try to change our drinking and eating habits? Is it ethical of government to try to manage its financial obligations in the area of health expenditure by influencing our behaviours? Taxes on cigarettes, on alcohol, on petrol, on pollution and the carbon tax in Australia have all been levied, at least in part, in response to concerns about health of individuals and/or the environment. The experience of these taxes may or may not assist your assessment of a sugar tax as a public policy option, however these taxes are NOT the subject matter of this essay. Criteria for marking The following criteria will be applied when grading the assignment: Research and discussion of economic concepts (10). A demonstrated understanding of economic theory appropriate application of economic concepts in a manner which illuminates the problem and perhaps offers a solution Analyse, synthesise and evaluate information (10) Development of conclusions and recommendations (5) Communication, structure and format (5). Clarity and coherence of writing; correct referencing (Harvard).  Correct use of economic diagrams  Expressed awareness of ethical issues raised by the issue and possible solutions Students must present an assignment that directly addresses the assignment task. It is expected that the assignment will provide concise economic arguments and any appropriate explanatory diagrams. Marks will be awarded for reasoned explanations and arguments based upon economic analysis. REFERENCING This unit requires you to use the Harvard referencing system TEXTS AND REFERENCES: Required text(s) Hubbard, G, Garnett, A, Lewis, P & O`Brien, A, 2016, Essentials of Economics (third edition), Sydney, Pearson. Recommended references Gans, J, King, S, Stonecash, R, Byford, M, Libich, J & Mankiw, N, 2015, Principles of Economics (sixth edition), South Melbourne, Cengage. McTaggart, D, Findlay, C & Parkin, M, 2013, Economics (seventh edition), Frenchs Forest, Pearson.

) Hubbard, G, Garnett, A, Lewis, P & O`Brien, A, 2016, Essentials of Economics (third edition), Sydney, Pearson. Recommended references Gans, J, King, S, Stonecash, R, Byford, M, Libich, J & Mankiw, N, 2015, Principles of Economics (sixth edition), South Melbourne, Cengage. McTaggart, D, Findlay, C & Parkin, M, 2013, Economics (seventh edition), Frenchs Forest, Pearson.

ner which illuminates the problem and perhaps offers a solution Analyse, synthesise and evaluate information (10) Development of conclusions and recommendations (5) Communication, structure and format (5). Clarity and coherence of writing; correct referencing (Harvard).  Correct use of economic diagrams  Expressed awareness of ethical issues raised by the issue and possible solutions Students must present an assignment that directly addresses the assignment task. It is expected that the assignment will provide concise economic arguments and any appropriate explanatory diagrams. Marks will be awarded for reasoned explanations and arguments based upon economic analysis. REFERENCING This unit requires you to use the Harvard referencing system TEXTS AND REFERENCES: Required text(s) Hubbard, G, Garnett, A, Lewis, P & O`Brien, A, 2016, Essentials of Economics (third edition), Sydney, Pearson. Recommended references Gans, J, King, S, Stonecash, R, Byford, M, Libich, J & Mankiw, N, 2015, Principles of Economics (sixth edition), South Melbourne, Cengage. McTaggart, D, Findlay, C & Parkin, M, 2013, Economics (seventh edition), Frenchs Forest, Pearson.



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