BCO121 GLOBAL ECONOMICS – Task brief & rubrics
· Individual task
· In the week 13 class on May 2nd you will have to submit your final assignment through turnitin on the Moodle page of this course
· You must complete the task in class on your computer and submit it before the end of your class
· You must submit your work as a word document and any other type of document will not be accepted as other types of documents will not give turnitin scores
· With reference to real world examples assess the pros and cons of different exchange rate systems. In your answer you should refer to:
· Floating exchange rate regimes – you should in particular consider whether floating currencies are condusive to promoting international trade.
· Pegged exchange rate regimes and pegged with bands exchange rate regimes – you should consider the possibility of currency crises in relation to the pegged with bands currency regimes and should consider an actual currency crisis such as the 1992 Black Wednesday Crisis for the pound and its membership of the ERM.
· Single currencies – in relation to single currencies you should consider the pros and cons of the Euro, you should bring in the Optimal Currency Area argument, and you should in particular consider whether a nation like Greece in the aftermath of the 2008 Financial Crisis suffered more than it would have if it had not been a part of the Eurozone (due to its inability to devalue its currency or implement a looser monetary policy) and you should also consider whether the ECB has reponsed adequately to the economic challenges of the current coronavirus crisis (i.e. should the ECB be implementing a looser monetary policy in particular right now). You should consider whether a one size monetary policy does fit all.
· The minimum amount of words to be used is 2000 and the maximum is 2500
· You may want to include images/graphics etc. (for example from their website) to make your reasoning and argumention more visual and explicative
· Font: Arial. Size: 12,5pts. Line spacing: 1,5. Text align: Justified.
· Appendices and References, do not count towards the final wordcount but are strongly recommended (referencing websites, articles, books etc.)
· In text references and and a bibliogrpahy are expected and must follow the Harvard citation style.
Submission: is due on Turnitin by 18:00 on 2nd May 2022. Submission can not be completed before the start of your class on 2nd May 2022.
Weight: This task is worth 40% of your overall grade for this subject.
· develop a complex understanding of the main concepts of international economics and how to apply them;
· understand and analyze the different global economic theories;
· distinguish between the different international economic systems;
· explore economic integration in different economic areas
|Knowledge and Identification of the main Issues
|Identifies and demonstrates a sophisticated understanding of the main issues / problems in the case study||Identifies and demonstrates an accomplished understanding of most of the issues/problems.
|Identifies and demonstrates acceptable understanding of some of the issues/problems in the case study||Does not identify or demonstrate an acceptable understanding of the issues/problems in the case study|
|Student applies fully relevant knowledge to the situation provided||Student applies mostly relevant knowledge to the situation provided||Student applies some relevant knowledge to the situation provided. Some minor misunderstandings may be evident.||Student applies little relevant knowledge to the situation provided. Misunderstandings are evident.|
|Student assembles a coherent response to the question, providing a range of support and justification that leads to a well-reasoned conclusion||Student assembles a good response to the question, providing support and justification that lead to a well-reasoned conclusion||Student assembles a fair response to the question, providing some support and justification that lead to a well-reasoned conclusion. Minor misunderstandings may be evident||Student’s response to the question lacks coherence. Limited support and justification are provided that may or may not be well linked to the conclusion|
|Student communicates ideas extremely clearly and concisely. Compliance with the guidelines on font, size, line spacing and text align will also be taken into account.||Student communicates ideas clearly and concisely. Compliance with the guidelines on font, size, line spacing and text align will also be taken into account.||Student communicates ideas fairly clearly and concisely. Compliance with the guidelines on font, size, line spacing and text align will also be taken into account.||Student attempts to communicate ideas clearly and concisely, with some problems. Student does not follow the guidelines on font, size, line spacing and text align.|