1.Provide a short summaryof the paper, including a summary of:
•The aim(s)of the paper; including the subject which the paper is addressing.
•Model or theorypresented in the paper.•Main findings presented inthe paper.
•Conclusions of the paper. This may also consider what is left unresolved or open for future research.
•Why the paper is relevant, interesting,and thought provoking in the context of the module; including what you have learnedin the lectures and seminars.
Page 2of 42.Present a concept,the or yor model from taught material found in the CORE ECONOMY text which you consider useful as a wider context for the paper you have reviewed. Explain why the theory or model is useful and how it applies today.
3.Provide examples of how the general findings of the paper might have applications in the real world. This must be an example of:•an industry context or •policy-making context.
4.DO NOT include econometric equations, econometric results, or econometric analysisin your summary. We only require you to summarise in general terms the concepts, model or theory used in the study and the general findings of the paper.
5.Please note that this is a creative piece of work and somewhat different to other assessments you might have tackled so far in your course.
6.Select a paper which interests and which you find easy to read and apply to some of the concepts discussed in lectures and seminars.
7.Please note that there is no right or wrong answer. Marks will be given based on how you answer the questions accurately and explain clearly.
Assessment criteria:
•Clear summary of paper selected.•Relating paper to taught concepts, with justification.
•Interest and application to industry or policy making.•Presentation of report, including written English.
•Referencing: correct use of Harvard academic style of referencing and citation. Wikipedia and other unreliable sources are not accepted
SECTION B:
Choose TWO questions from this section1.You have been asked to conduct a research study at Leeds Beckett university to look at the relationship between study hours and final exam grades.
a)Explain clearly five (5) factors of your choice about the student you think are held constant in this model
.b)Using diagram(s) illustrate and explain clearly how a student would choose how many hours to study in a 24-hour day
c)What information beyond the student would you want to collect which might affect final grades?
Page 3of 42.John has 24 hours of free time a day and he can choose to work for as many hours as he wants. The wage rate is £15 per hour.
a)Explain clearly using diagram(s) how John can choose how many hours he works a day.
b)If the wage rate falls to £10 per hour, illustrate and explain clearly how this change might affect John’s choice differentiating between the income and substitution effects of the wage change.
c)The British Economist Maynard Keynes’ prediction that working hours would fall to 15 hours per week in the century after 1930.
Explain why working hours may have not changed as Keynes expected3.Using the competitive market model to.a)Illustrate and explain how equilibrium in the market is achieved.
b)Briefly explain some of the factors which affect the market equilibrium discussed in
(a)c)Explain, with the aid of a diagram, how a tax will affect the competitive market equilibrium discussed in
(a)4.Think of the important concept of externality:
a)Use appropriateexamples to explain what is meant by the term externality and distinguish between a negative and a positive externality.
b)Explain clearly why externalities occur and discuss policies which can be used to address the externality problem.
c)Using appropriate diagram(s) illustrate and explain how a Pigouvian tax can be used to address a negative externality problem.Notes for StudentsInstructions for completion and submission of written assignment
•Please read the question carefully, answer them in a formal and concise manner but include all the logical steps you have taken to answer the question. This would allow you to get partial marks where it is appropriate.
•Plan your answer before you start writing. Think about the order of sections in your answer (this should be clear from the question itself). Think too about the relative sizes (word count) of each section (again, the question broadly determines this).
Page 4of 4
•Make sure your answer is written in a proper essay manner, i.e.,write in proper sentences (not notes!not bullet points!) with correct grammar and spelling.
•Write in a concise and precise manner, i.e.,do not waffle!•This assessment is worth100 % of the marks for the module.
•You mustsubmit your assessment electronically on My Beckett using the Turnitin icon.
•The word count is 1000 words for each questionplus or minus 10%
•Words included in the bibliography are not included in the word count
.•You should only use Harvard referencing.•Any websites referred to must be properly referenced.
•The text of your assessment must be displayed using a 12-point (or larger) Arial or Verdana font and with a line spacing of at least 1.5