Booming House market

 Kent Institute Australia Pty. Ltd.
Assessment Brief ABN 49 003 577 302 CRICOS Code: 00161E RTO Code: 90458
Version 1: 22nd December, 2016 TEQSA Provider Number: PRV12051
ASSESSMENT BRIEF 3
COURSE: Bachelor of Business / Bachelor of Accounting
Unit: Business Economics
Unit Code: BECO107
Type of Assessment: Assessment 3 – Individual Essay Writing – Due Week 8
Length/Duration: 1500 words
Course Learning
Outcomes addressed:
1)To demonstrate knowledge of broad business principles with depth of
understanding of at least one business discipline
3)To develop the skills to demonstrate a broad understanding of
business principles and demonstrate depth in at least one discipline
4)To develop the skills to allow the acquisition and synthesising of
information within a complex professional setting
5)To develop and apply skills in critical thinking, complex problem
solving and decision making
6)To develop and apply knowledge of the social, economic, ethical and
cultural contexts of business
7)To develop and apply an understanding of independent as well as
group learning
Unit Learning
Outcomes addressed:
1)Explain the basic microeconomic and macroeconomic concepts
2)Discuss the micro and macroeconomic environment’s effect on
business activities in the economy
3)Identify current economic issues, both domestic and international
4)Apply economic concepts and models to a range of economic issues
and explain their use
Submission Date:
Week 8
Assessment Task:
An individual essay to be written and submitted.
Kent Institute Australia Pty. Ltd.
Assessment Brief ABN 49 003 577 302 CRICOS Code: 00161E RTO Code: 90458
Version 1: 22nd December, 2016 TEQSA Provider Number: PRV12051
Total Mark:
100 marks
Weighting:
20%
Students are advised that any submissions past the due date without an approved extension or
without approved extenuating circumstances incurs a 5% penalty per calendar day,
calculated from the total mark
E.g. a task marked out of 40 will incur a 2 mark penalty per calendar day.
More information, please refer to (Documents > Student Policies and Forms > POLICY –
Assessment Policy & Procedures – Login Required)
ASSESSMENT DESCRIPTION:
You are to write a 1500 words essay on the booming housing market.
Essay Topic: Houses in the capital cities of Sydney and Melbourne are at a stratospheric level. Apartments in
the two capital cities are selling at $800000 and above and houses are over $1.2 million mark. Some
economists claimed the high prices of houses is due to not enough houses being built and thus creating a
shortage (supply) and on the other hand, there are claims that too many immigrants/cash rich overseas
investors are coming to Australia and competing with Australian purchasers, pushing up the house prices
upward (demand).
Task: You are to write an assignment and provide reasons as to:
a)why house prices are so high in these two capital cities and provide evidence to support your answer.
b)suggest ways the house prices can be contained (reduced) and provide evidence to support your answer.
c) If you are a young professional with a very young family, provide reasons how one can afford to buy into
such an expensive housing market in Sydney or Melbourne at such current high price and provide evidence to
support your answer.
You can use any aspect of Business Economics that you have studied or researched in writing your assignment.
ASSESSMENT SUBMISSION:
The key sections to be included should be written in accordance with the guidelines for writing essays. Your
essay must include:
• Reference from academic journals supporting your argument.
• Correct argument essay structure. Refer to the Academic Learning Skills handout on Essay writing.
• Harvard referencing for any sources you use. Refer to the Academic Learning Skills handout on
Referencing.
• A minimum of 8 academic references (including the text book).
Please see Academic Learning skills staff for assistance with this, or any assignment. They can help you with
understanding the task, draft checking, structure, referencing and other assignment-related matters
THE ESSAY MUST BE SUBMITTED ONLINE IN MOODLE. ALL MATERIALS MUST BE SUBMITTED ELECTRONICALLY
IN MICROSOFT WORD FORMAT.OTHER FORMATS (E.G., PDFOR MAC FILE) MAYNOT BE READABLE BY MARKERS.
PLEASE BE AWARE THAT ANY ASSESSMENTS SUBMITTED IN OTHER FORMATS WILL BE CONSIDERED LATE AND
Kent Institute Australia Pty. Ltd.
Assessment Brief ABN 49 003 577 302 CRICOS Code: 00161E RTO Code: 90458
Version 1: 22nd December, 2016 TEQSA Provider Number: PRV12051
WILL LOSE MARKS UNTIL IT IS PRESENTED IN MS WORD. NO PAPER BASED OR HARDCOPY SUBMISSION WILL BE
ACCEPTED.
OUR ACADEMIC LEARNING SUPPORT (ALS) TEAM WOULD BE HAPPY TO HELP YOU WITH UNDERSTANDING THE
TASK AND ALL OTHER ASSESSMENT-RELATED MATTERS. FOR ASSISTANCE AND TO BOOK ONE-ON-ONE MEETING
PLEASE EMAIL ONE OF OUR ALS COORDINATORS (SYDNEY ALS_SYD@KENT.EDU.AU; MELBOURNE
ALS_MELB@KENT.EDU.AU ). FOR ONLINE HELP AND SUPPORT PLEASE CLICK THE FOLLOWING LINK AND
NAVIGATE ACADEMIC LEARNING SUPPORT IN MOODLE.
HTTP://MOODLE.KENT.EDU.AU/KENTMOODLE/COURSE/VIEW.PHP?ID=5
MARKING GUIDE (RUBRIC):
Marking Criteria Lecturer Expectation Marks Comments
Research Make good use of
sources to support
idea of the essay
20 Students should
research extensively
on this topic
Information The essay is coherent
and flows well
30 Information can come
from journal articles,
business magazines
and textbooks
Structure Topics and materials
ae conveyed smoothly
20 The structure of the
essay should have an
introduction, body and
conclusion
Language Presentation Good standard of
writing
20 Attention should be
paid to punctuation,
grammar and spelling.
Referencing Good attempt of
reference sources
10 Keep internet based
references to a
mumimum.
GENERAL NOTES FOR ASSIGNMENTS
Assignments should usually incorporate a formal introduction, main points and conclusion, and will
be fully referenced including a reference list.
The work must be fully referenced with in-text citations and a reference list at the end. We strongly
recommend you to refer to the Academic Learning Skills materials available in the Moodle. For details
please click the link http://moodle.kent.edu.au/kentmoodle/course/view.php?id=5 and download
the file “Harvard Referencing Workbook”. Appropriate academic writing and referencing are
inevitable academic skills that you must develop and demonstrate.
We recommend a minimum of FIVE references, unless instructed differently by your lecturer. Unless
specifically instructed otherwise by your lecturer, any paper with less than FIVE references may be
failed. Work that includes sources that are not properly referenced according to the “Harvard
Referencing Workbook” will be penalised.
Marks will be deducted for failure to adhere to the word count – as a general rule you may go over or
under by 10% than the stated length.
GENERAL NOTES FOR REFERENCING
High quality work must be fully referenced with in-text citations and a reference list at the end. We
recommend you work with your Academic Learning Support (ALS) site
Kent Institute Australia Pty. Ltd.
Assessment Brief ABN 49 003 577 302 CRICOS Code: 00161E RTO Code: 90458
Version 1: 22nd December, 2016 TEQSA Provider Number: PRV12051
(http://moodle.kent.edu.au/kentmoodle/course/view.php?id=5) available in Moodle to ensure that
you reference correctly.
References are assessed for their quality. You should draw on quality academic sources, such as books,
chapters from edited books, journals etc. Your textbook can be used as a reference, but not the
lecturer notes. We want to see evidence that you are capable of conducting your own research. Also,
in order to help markers determine students’ understanding of the work they cite, all in-text
references (not just direct quotes) must include the specific page number/s if shown in the original.
Before preparing your assignment or own contribution, please review this ‘YouTube’ video by clicking
on the following link: Plagiarism: How to avoid it
PLAGIARISM: HOW TO AVOID IT
You can search for peer-reviewed journal articles, which you can find in the online journal databases
and which can be accessed from the library homepage. Wikipedia, online dictionaries and online
encyclopaedias are acceptable as a starting point to gain knowledge about a topic, but should not be
overused – these should constitute no more than 10% of your total list of references/sources.
Additional information and literature can be used where these are produced by legitimate sources,
such as government departments, research institutes such as the NHMRC, or international
organisations such as the World Health Organisation (WHO). Legitimate organisations and
government departments produce peer reviewed reports and articles and are therefore very useful
and mostly very current. The content of the following link explains why it is not acceptable to use nonpeer
reviewed websites: Why can’t I just Google? (thanks to La Trobe University for this video).

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