KED1013

ECONOMICS AND SOCIETY

ASSIGNMENT
INSTRUCTION
This is a GROUP assignment. Your task is to form a group of 4 people. Following are the guidelines:
This assignment is worth 20% of the total grade.
Your name and matric number must be clearly typed on the C!"# $%&".
$lease check for spelling and grammatical errors.
'ubmission of the assignment is as per the course plan.
(ate submission of the assignment is as per the course plan.
You are allowed to discuss with other groups )*T please make sure its ORIGINALITY. For
%ssignment +uestion ,- there are so many e.amples out there- so try not to choose the same
e.amples as other groups. For both assignment +uestions- Y* /*'T 0T '*)/1T
"2%CT(Y T3" '%/" #"$#T. 'hould there be 2 or more groups submitted their
assignments which are similar in e4ery way or ha4ing shown some similarities- the grades
assigned will be di4ided among the groups.
You must not copy and paste information from the internet. If you use internet sources,
either put those sources in quotations or put those sources INTO YOUR OWN WORDS.
Plagiarized sources will result in failure.
'ocial loafing occurs when a group member relies on the remaining group members to
complete group tasks- and does not contribute to group work. 1f you feel that a member of your
group is a social loafer- please responds as follows: 5,6 address your concerns with that group
member as early as possible 4ia email- and copy me on the email7 526 agree upon a way in
which that person can contribute to the group and notify me of your resolution by email7 586 if
the problem persists- make an appointment for your group to meet with me. 9e will attempt to
resol4e the problem together7 5:6 if this second attempts fails- lea4e the person;s name off of
the co4er page of the assignment7 5<6 1 will inform the group member that s=he will recei4e a
>ero on the assignment. ?ero mark will be gi4en only if steps ,@: ha4e been followed.
PURPOSE OF THIS ASSIGNMENT:
This assignment has two maAor purposes. The first is for you to gain e.perience applying economic
concepts and theories to specific content and situations. The second is for you to e.perience the group
process firsthand as you work to achie4e the outcomes assigned to your team.
ASSIGNMENT QUESTION 1:
$#1C" B1'C#1/10%T10: $rice discrimination is a common practice. 3ow many le4els of price
discrimination e.istC 9hat are theyC ".plain what is price discriminationC ".plain why some
organi>ations practices price discriminationC Bescribe in details THREE (3) real examples of price
discrimination in everyday life (in the context of Malaysia). 1n the conclusion part- include your
opinion as to whether this assignment was useful or not and what ha4e you learnt from it.
,
ASSIGNMENT QUESTION 2:
"C0/1C 10T"&#%T10: The international trade has led to the de4elopment of economic
integration. ".plain what is economic integrationC 9hat are the benefits of ha4ing free trade between
countriesC #ecently- it has reported that /alaysia is embarking on an economic integration with
%ustralia i.e. Malaysia-Australia Free Trade Agreement (MAFTA). ".plain the trade relationship
between /alaysia and %ustralia before /%FT%. Find the trade statistics between /alaysia and
%ustralia from 200D E 20,0. Bescribe in what way /alaysia will benefit from /%FT%. 1n the
conclusion part- include your opinion as to whether this assignment was useful or not and what ha4e
you learnt from it.
GENERAL FORMAT OF THE REPORT:
The assignment must be:
0eatly typed
*sing font Times 0ew #oman
Font si>e ,,
'pacing ,.<
9hite %: papers
FORMAT OF THE COVER PAGE:
The co4er page must ha4e the following standard layout:
a6 Centered top: 0ame of the uni4ersity- follows by Course name- Course code- 'emester 5e.g.
'eptember 20,,6 and 'ection 5e.g. 'ection ,6
b6 Centered middle: 'tudent name and 'tudent 1B
c6 Centered bottom: (ecturer name 5spell correctly6 and %ctual date of submission
FORMAT OF THE REPORT CONTENT:
The report must ha4e the following standard layout:
ASSIGNMENT QUESTION 1 - PRICE DISCRIMINATION (10)
$art ,: ".plain what is price discriminationC 3ow many le4els of price discrimination e.istC 9hat
are theyC 5minimum of 2 pages6
$art 2: ".plain why some organi>ations practices price discriminationC 5minimum of , page6
$art 8: Bescribe in details THREE (3) real examples of price discrimination in everyday life (in
the context of Malaysia).
@ ".ample ne
@ ".ample Two
@ ".ample Three
$art :: Conclusion 5ma.imum of , page6
$art <: #eferences 5lists sources6
$art F: %ppendi. 5if any6
2
ASSIGNMENT QUESTION 2 - ECONOMIC INTEGRATION (10)
$art ,: ".plain what is economic integrationC 5minimum of , page6
$art 2: 9hat are the benefits of ha4ing free trade between countriesC 5minimum of , page6
$art 8: @ ".plain the trade relationship between /alaysia and %ustralia before /%FT%7
@ Find the trade statistics between /alaysia and %ustralia from 200D E 20,07
@ Bescribe in what way5s6 /alaysia will benefit from /%FT%.
5minimum of 8 pages6
$art :: Conclusion 5ma.imum of , page6
$art <: #eferences 5lists sources6
$art F: %ppendi. 5if any6
GUIDELINE FOR GRADING:
The table below tells you how you should e4aluate students; performance:
ASSIGNMENT QUESTION 1
PRICE DISCRIMINATION
'tated
bAecti4e or
$erformance
Extremely
Poor
(1 MARK)
Poor
(2 MARKS)
Fair
(3 MARKS)
Good
(4 MARKS)
Excellent
(5 MARKS)
PART 1
EXPLANATION ON PRICE DISCRIMINATION
".planation on
price
discrimination
(5 Marks)
Too long
and
unorgani>ed
(ong and less
organi>ed
#ather long but
organi>ed
%de+uate and
organi>ed
%de+uate-
organi>ed- and
comprehensible
".planation on
price
discrimination
(5 Marks)
1nformation
on price
discriminati
on is not
applicable=
correct at all
1nformation on
price
discrimination
is less
applicable=
correct
1nformation on
price
discrimination
is ade+uately
applicable=
correct
1nformation on
price
discrimination is
applicable= correct
1nformation on
price
discrimination is
well applicable=
correct
PART 2
PRACTICES OF PRICE DISCRIMINATION
#easons for
practices of
price
discrimination
(5 Marks)
3as- in effect-
not gi4en
reasons for
practicing
price
discrimination
at all
3as poorly ga4e
reasons for
practicing price
discrimination
3as somewhat
ga4e reasons for
practicing price
discrimination
3as fairly gi4en
reasons for
practicing price
discrimination
3as fully gi4en
reasons for
practicing price
discrimination
PART 3
REAL LIFE EXAMPLE OF PRICE DISCRIMINATION PRACTICES
$ro4iding real
life e.amples
of price
discrimination
(5 Marks)
Bisplays no
ability to gi4e
real life
e.amples of
price
discrimination
Bisplay little
ability to gi4e
real life
e.amples of
price
discrimination
Bisplays
somewhat
medium ability
to gi4e real life
e.amples of
price
Bisplays good
ability to gi4e
real life
e.amples of
price
discrimination
Bisplays strong
ability to gi4e real
life e.amples of
price
discrimination
8
discrimination
".ample ne
(5 Marks)
This e.ample
is not
rele4ant=
suitable=e.ist
at all in the
gi4en conte.t
This e.ample is
less rele4ant=
suitable=e.ist in
the gi4en
conte.t
This e.ample is
somewhat
rele4ant=
suitable=e.ist in
the gi4en
conte.t
This e.ample is
rele4ant=
suitable=e.ist in
most of the
ways in the
gi4en conte.t
This e.ample is
4ery much
rele4ant=
suitable=e.ist in
the gi4en conte.t
".ample Two
(5 Marks)
This e.ample
is not
rele4ant=
suitable=e.ist
at all in the
gi4en conte.t
This e.ample is
less rele4ant=
suitable=e.ist in
the gi4en
conte.t
This e.ample is
somewhat
rele4ant=
suitable=e.ist in
the gi4en
conte.t
This e.ample is
rele4ant=
suitable=e.ist in
most of the
ways in the
gi4en conte.t
This e.ample is
4ery much
rele4ant=
suitable=e.ist in
the gi4en conte.t
".ample Three
(5 Marks)
This e.ample
is not
rele4ant=
suitable=e.ist
at all in the
gi4en conte.t
This e.ample is
less rele4ant=
suitable=e.ist in
the gi4en
conte.t
This e.ample is
somewhat
rele4ant=
suitable=e.ist in
the gi4en
conte.t
This e.ample is
rele4ant=
suitable=e.ist in
most of the
ways in the
gi4en conte.t
This e.ample is
4ery much
rele4ant=
suitable=e.ist in
the gi4en conte.t
FORMAT/WRITE-UP/REFERENCE
Format 5Typed-
Font 'i>e7 Font
Type6
(5 Marks)
3as- in effect-
not followed
the style guide
3as poorly
followed the
style guide
3as somewhat
closely followed
the style guide
3as fairly
closely followed
the style guide
and falls within
the page
limitations
3as 4ery closely
followed the style
guide and falls
within the page
limitations
Format of
%ssignment
Content
(5 Marks)
3as- in effect-
not followed
the style guide
3as poorly
followed the
style guide
3as somewhat
closely followed
the style guide
3as fairly
closely followed
the style guide
and falls within
the page
limitations
3as 4ery closely
followed the style
guide and falls
within the page
limitations
9riting
(5 Marks)
There are too
many
spellings-
grammatical
or
typographical
errors
There are many
spellings-
grammatical- or
typographical
errors
There are little
spellings-
grammatical- or
typographical
errors
There are 4ery
little spellings-
grammatical- or
typographical
errors
There are no
spellings-
grammatical- or
typographical
errors
#eference
(5 Marks)
%ll rele4ant
information is
not cited
appropriately
%ll rele4ant
information is
cited less
appropriately
%ll rele4ant
information is
sufficiently
cited
%ll rele4ant
information is
fairly cited
%ll rele4ant
information is
cited
appropriately
"ffort
(5 Marks)
3as done 4ery
little reading
and research
3as done little
reading and
research
3as done
sufficient
reading and
research
3as done fairly
e.tensi4e
reading and
research
3as done reading
and research
e.tensi4ely
TOTAL MARKS
TOTAL MARKS 60
OBTAINED MARKS __________
10 __________
:
ASSIGNMENT QUESTION 2
ECONOMIC INTEGRATION
'tated
bAecti4e or
$erformance
Extremely
Poor
(1 MARK)
Poor
(2 MARKS)
Fair
(3 MARKS)
Good
(4 MARKS)
Excellent
(5 MARKS)
PART 1
EXPLANATION ON ECONOMIC INTEGRATION
".planation on
economic
integration
(5 Marks)
Too long
and
unorgani>ed
(ong and less
organi>ed
#ather long but
organi>ed
%de+uate and
organi>ed
%de+uate-
organi>ed- and
comprehensible
".planation on
economic
integration
(5 Marks)
1nformation
on price
discriminati
on is not
applicable=
correct at all
1nformation on
price
discrimination
is less
applicable=
correct
1nformation on
price
discrimination
is ade+uately
applicable=
correct
1nformation on
price
discrimination is
applicable= correct
1nformation on
price
discrimination is
well applicable=
correct
PART 2
BENEFITS OF ECONOMIC INTEGRATION
)enefits of
economic
integration
(5 Marks)
3as- in effect-
not be able to
gi4e benefits
of economic
integration at
all
3as poorly ga4e
benefits of
economic
integration
3as somewhat
ga4e benefits of
economic
integration
3as fairly ga4e
benefits of
economic
integration
3as fully gi4en
benefits of
economic
integration
PART 3
MALAYSIA-AUSTRALIA RELATIONSHIP
Trade
relationship
between
/alaysia and
%ustralia
(5 Marks)
Bisplays no
ability to
describe the
trade
relationship
between
/alaysia and
%ustralia
Bisplay little
ability to
describe the
trade
relationship
between
/alaysia and
%ustralia
Bisplays
somewhat
medium ability
to describe the
trade
relationship
between
/alaysia and
%ustralia
Bisplays good
ability to
describe the
trade
relationship
between
/alaysia and
%ustralia
Bisplays strong
ability to describe
the trade
relationship
between /alaysia
and %ustralia
Trade statistics
from 200D @
20,0
(5 Marks)
3as- in effect-
not gi4en
trade statistics
from 200D E
20,0 506
3as poorly
gi4en trade
statistics from
200D E 20,0
5,@year6
3as somewhat
closely ga4e
trade statistics
from 200D E
20,0 52@year6
3as fairly
closely ga4e
trade statistics
from 200D E
20,0 58@year6
3as fully gi4en
trade statistics
from 200D E 20,0
5:@year6
)enefits to
/alaysia from
/%FT%
(5 Marks)
Bisplays no
ability to
describe the
benefits to
/alaysia from
/%FT%
Bisplay little
ability to
describe the
benefits to
/alaysia from
/%FT%
Bisplays
somewhat
medium ability
to describe the
benefits to
/alaysia from
/%FT%
Bisplays good
ability to
describe the
benefits to
/alaysia from
/%FT%
Bisplays strong
ability to describe
the benefits to
/alaysia from
/%FT%
<
FORMAT/WRITE-UP/REFERENCE
Format 5Typed-
Font 'i>e7 Font
Type6
(5 Marks)
3as- in
effect- not
followed the
style guide
3as poorly
followed the style
guide
3as somewhat
closely followed
the style guide
3as fairly
closely followed
the style guide
and falls within
the page
limitations
3as 4ery closely
followed the style
guide and falls
within the page
limitations
Format of
%ssignment
Content
(5 Marks)
3as- in
effect- not
followed the
style guide
3as poorly
followed the style
guide
3as somewhat
closely followed
the style guide
3as fairly
closely followed
the style guide
and falls within
the page
limitations
3as 4ery closely
followed the style
guide and falls
within the page
limitations
9riting
(5 Marks)
There are
too many
spellings-
grammatical
or
typographic
al errors
There are many
spellings-
grammatical- or
typographical
errors
There are little
spellings-
grammatical- or
typographical
errors
There are 4ery
little spellings-
grammatical- or
typographical
errors
There are no
spellings-
grammatical- or
typographical
errors
#eference
(5 Marks)
%ll rele4ant
information
is not cited
appropriatel
y
%ll rele4ant
information is
cited less
appropriately
%ll rele4ant
information is
sufficiently
cited
%ll rele4ant
information is
fairly cited
%ll rele4ant
information is
cited
appropriately
"ffort
(5 Marks)
3as done
4ery little
reading and
research
3as done little
reading and
research
3as done
sufficient
reading and
research
3as done fairly
e.tensi4e
reading and
research
3as done reading
and research
e.tensi4ely
TOTAL MARKS
TOTAL MARKS 60
OBTAINED MARKS __________
10 __________
GGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGGG
Assignment Question 1 ________
Assignment Question 2 ________
Total (20) ________
F