Identify the three economic systems, highlighting the advantages and disadvantages of each. In your opinion which economic system is best?

●     Identify the three economic systems, highlighting the advantages and disadvantages of each.
In your opinion which economic system is best?
Provide reasons and examples to justify your answers.

·         You may find it useful to think about this essay question in separate but related parts.

·         The first part of the essay should relate to defining and describing the economic systems, using examples to support your answer.

·         The second part of your essay should focus on the advantages and disadvantages of each economic system, using examples to illustrate support for your answer.

·         The third part of the essay is your judgement and rationale about which economic system is best.

No more than 750 words.

·         Contain a complete introduction, mainly complete the first part of the essay.

·         List / explain any examples of economic systems or companies that will be discussed in your final essay.

·         Submitted into Turnitin.

·         For a piece of work of this length we expect to see references to at least four academic works.

·         Your notes or materials provided in class will not be counted as academic references.

·         Wikipedia is not an academic reference.

a)      How accurately does the essay describes the three economic systems, their advantages and disadvantages (30%).

b)      How comprehensively does the essay considers which economic system is best, providing reasons and examples to justify the answers (30%).

c)      Has an appropriate level of research been conducted (15%).

d)      How well does the essay communicate the student’s ideas and analysis (15%)?

e)      Presentation and referencing (10%).

●     The essay should be 1500 words.

●     Use a standard academic font (Times New Roman, Arial or Calibri), size 12, and use 1.5 line spacing.

●     Each page of your assignment should have a header with your student ID number (5 digits), module code (FC006) and the name of your class tutor (Robert Murphy).  Do not write your name.

●     All pages should be numbered.

●     Include a title page containing the following information:

1. Module Code: (e.g. FC006)

2. Module Title: (e.g. Economics in an International Context)

3. Tutor Name: (e.g. John Doe)

4. Name of Class/Group: (e.g. Group M1)

5. Assignment Title: (e.g. Identify the three economic systems …)

6. Student ID Number: (ID number only and NOT your name)

7. Date of Submission: (date)

8. Word count: (number of words, excluding references)

●     Turnitin – submit an electronic copy as directed by your tutor.

●     All submissions on Turnitin should include group number, ID number and tutor name e.g.   M5 65432 Robert Murphy.

●     You must hand in a paper version of your Essay into the Hub with and a front cover sheet attached by a staple.

●     If you experience problems submitting your assessment to Turnitin:
1. Email your tutor your work before the deadline.
2. Take a picture or screenshot of the warning message if possible.

●        Draft (Formative) Essay:

Your score can be capped at 95% if your draft report is not submitted to TurnItIn by the deadline.