Economics for Managers Trimester 2, 2015 Assignment: Economics Case Study Due: 7th September (Monday, 11:59 pm), 2015. I. Assignment Overview: This assignment is based on an article “Tourism Investment Monitor,” by Tourism Research Australia, May 2015. The article is already attached to this assignment question. Please read the article carefully before attempting this exercise. You will also need to draw on other resources available through the library as well as external resources. Please note that you need to provide clear references for your sources when citing research and data. II. Learning Objectives: This assignment is d e s i g n e d to encourage you to think about the application of concepts learned in this unit in a real world scenario. This assignment, indeed, is interesting as it explains how the existing economic theories can explain markets like tourism in particular, how Government policies can shape up the tourism industry of a country. We hope that this assignment will expand the horizon of your thoughts. III. Assessment: Your score on this assignment contributes towards 40% of your final score for this unit. Based on the attached Rubric, your assignment will be graded on your use of appropriate economic theory and concepts, clarity of exposition and overall quality of your answers. Although you can work in group, this is not a group assignment and you must submit answers individually. IV. Submission: This assignment must be submitted electronically on CloudDeakin (CD) Dropbox area by all students by 11:59pm on the due date. No hard copy is required. Print your name and student ID clearly on the first page of your answers. Please check the Academic Honesty and Misconduct section in the Unit Guide. Submitting your answers automatically implies that you have read and accepted the Plagiarism and Collusion Declaration, and that the submitted answers are entirely your own work. V. Questions: Answer all questions. Limit the total word count of your assignment to less than 3,000 words. You are encouraged to 1provide necessary graphs, figures and tables with data wherever possible, which are not subject to word limit. Please be careful in implementing referencing styles. Question 1: (8 marks) In your own words, summarize the article, “Tourism Investment Monitor,” by Tourism Research Australia, May 2015. In particular, what are the main messages of the article? [Hint: Please link your summary with relevant economic theories wherever you can] Question 2: (8 marks) Use appropriate diagrams to answer: Do you think increasing investment in Australian tourism industry is a prudent economic policy for the future sustainability? Why or why not? [Hint: Please do an extensive literature review to find out the pros and cons of the global tourism industry, their short term and long term impacts, etc.] Question 3: (8 marks) Suppose that the Australia’s hospitality industry is perfectly competitive (i.e., many hotel and/or accommodation providers). The federal government decides to levy a buyer’s tax (specific tax) on hotel accommodations. Use appropriate diagrams to answer: (a) Examine the impacts of this buyer’s tax on the equilibrium rental prices, consumer surplus, producer surplus, and total surplus (or social welfare). (b) Can an increase in the buyer’s tax raise social welfare? (c) Can an increase in the buyer’s tax raise the federal government’s revenue? Question 4: (8 marks) Suppose that the tourism department’s prediction of increased tourism activities and investment has been proved right. Use appropriate diagrams to answer [Hint: Let’s assume the labor market in tourism industry is perfectly competitive]: (a) What should be the new wage level in the tourism industry? (b) If due to huge union pressure, the government sets minimum wage above this equilibrium wage, what should be the consequence? What would happen to social welfare? Question 5: (8 marks) Find three other countries or economies who are among the leaders in global tourism market. Give a brief description about their tourism industries [Hint: If possible present concrete fact and figures]. Provide your views or suggestions on the best measure to promote Australian as a highly sought tourism destination based on your research on the above three tourism based successful economies. 2 TOURISM INVESTMENT MONITOR 2015 May 2015 TOURISM INVESTMENT MONITOR 2015 Tourism Investment Monitor 2015 Photo: Supplied. TOURISM RESEARCH AUSTRALIA CONTENTS FOREWORD 1 INFOGRAPHIC – AUSTRALIAN TOURISM INVESTMENT PIPELINE 2014 2 THE TOURISM INVESTMENT ENVIRONMENT 3 KEY TOURISM INDUSTRIES – INVESTMENT AND SUPPLY 8 OPPORTUNITIES 16 CONCLUSION 19 FIGURES TOURISM RESEARCH AUSTRALIA FOREWORD Tourism Investment Monitor 2015 Monitor THE 2014 PIPELINE 168 projects $53.7 billion ??$31.3 billion ??$13.9 billion ?? $8.5 billion MonitorMonitor 5 15? $3.9b $1.3b ?? ? ? ? ? ? ? ? ? ? ?.
05 September, 2015
Protectionism Protectionism is the economic policy of restraining trade between nations through methods such as tariffs on imported goods, restrictive quotas, and a variety of other government regulations. Please prepare arguments for and against the practice of protectionism. You can read Chapter 2 of our textbook as the starting point. You can also use outside sources to strengthen and support your arguments. Document all viewpoints and their supporting evidence. This paper is an individual assignment. The length of the paper has to be at least four pages with proper logic, organization, and citations. Paper Due Date: Thursday, Sep 3rd, 2015. Requirements for written papers are as follows: Written Assignments Requirements for written papers are as follows: ? All written material must be typed (double-spaced, standard margins, 12 point font size, 8½" x 11" white paper). ? The title of the assignment, your name, the course name and number plus section number (365-01, 365-02) and the professor’s name should appear on the cover page. Evaluation of Papers Each writing assignment will be evaluated on the following criteria: Relative Criterion Importance 1. Content - conciseness, correctness, and completeness of answer (highly informative/sufficiently detailed); application of theory learned in course; originality of ideas and creativity; logic of analysis; use of examples and evidence (including a sufficient number of outside sources). 70% 2. Organization, Presentation, and Appearance - Organization includes: a) coherence - the paper is sequentially logical; paragraphs and sentences are in the right order; topics are developed within paragraphs; topic transitions between sections, paragraphs, and sentences flow smoothly and logically; b) unity - introduction and conclusion (summarizes and provides closure); the theme is clear; everything in the paper defends or explains the theme. Presentation and appearance involve matters such as neatness and proper formal paper format (including title page, endnotes, headings and subheadings, page numbers, margins, use of exhibits and illustrative charts, etc.). 15% 3. Clarity of Communication - a) Writing style - the paper is clearly and concisely written, not to impress, but to make the reader understand; active voice; verb tense consistent; professional tone (absence of contractions, appropriate vocabulary, etc.) b) Mechanics - grammar, syntax, spelling, punctuation, word divisions (typographical errors, if present, should be corrected in pencil). 15% Total 100%
05 September, 2015
Film Analysis Paper details: Please see the added files and the link to this assignment. All information is in the added files. To the link for the DVD, my ID is (tharris53 and password is chosen72) this will get you into the ebook that maybe needed. If any thing is needed please let me know. Film Analysis: Select a film from the list below and prepare an assessment of how conflict is managed by the major characters in the film as well as suggestions that would help individuals portrayed in the film better understand and improve their response to conflict. You may focus upon all the major relationships, a single relationship, or a combination of relationships, depending on what you deem most relevant. You should select the combination of the theories and/or perspectives that you find most useful for analysis of this conflict. I recommend that you focus upon three or four perspectives at most so you have time to discuss and apply the concepts in detail. This project should be in essay form and between eight to ten pages in length, you must use a clear citation style when quoting from the textbooks. The Wilmot-Hocker Conflict Assessment Guide (pp. 242—245) offers an outline of key concepts to consider in preparing your paper. Consider as you analyze the conflicts in the film include: 1. Power and power currencies. 2. Conflict styles and tactics. 3. Relational goals and face-saving. 4. Definitions of conflict and orientations to conflict. 5. Assumptions and triggering events. 6. Patterns, triangles, microevents. 7. Storytelling and related mediator techniques. 8. Principled Negotiation and Collaboration. 9. Forgiveness and Reconciliation (see chapter ten, Wilmot & Hocker). Select from the following list of films (all of which are available on DVD): • Good Will Hunting (1997) • Little Miss Sunshine (2006) • Ordinary People (1980) • A River Runs Through It (1992)- Please use this DVD for the paper • Million Dollar Baby (2004) • The Straight Story (1999) • Terms of Endearment (1983) • Steel Magnolias (1989) • Legends of the Fall (1994) • Juno (2007) • Crash (2004) • Gran Torino (2008) The Assignment: Follow this for the paper Due Date: Sep 13, 2015 23:59:59 Max Points: 152 Details: Understanding how conflict can be managed is essential to effective communication. This assignment allows you to view behavior of characters in a film, assess how conflict is managed, and offer suggestions as to how to better manage the conflict. 1. This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion. 2. Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. 3. Use the file titled COM-312 Film Analysis to complete this assignment. 4. Focus on three to four perspectives as offered in the COM-312 Film Analysis file. 5. This paper must include at least two credible references used to support your explanations of theories/perspectives. 6. You are required to submit this assignment to Turnitin. Please refer to the directions in the Student Success Center. Directions: Write a paper (1,250-1,500 words) that applies the skills learned in this course and suggest ways the characters could resolve or minimize conflict. Include the following: 1. Summarize the relationships found in the film. 2. Analyze the conflicts present in these relationships through the theories/perspectives introduced in this class. 3. Suggest positive communication practices that could have aided the characters in avoiding or resolving the conflict(s). Explain how a better understanding or implementation of forgiveness could have positively influenced the experience of conflict in these relationships. COM-312_Film_Analysis_Student_08-25-14.docx Must see the DVD For this paper. Please follow this rubric for a good grade on this paper. (Must have GOOD Grade) Film Analysis 1 Unsatisfactory 0.00% 2 Less Than Satisfactory 65.00% 3 Satisfactory 75.00% 4 Good 85.00% 5 Excellent 100.00% 70.0 %Content 20.0 % Summarize the relationships found in the film. A summary of the relationships found in the film is not presented. A summary of the relationships found in the film is presented but incomplete. A summary of the relationships found in the film is presented but done at a perfunctory level. A summary of the relationships found in the film is clearly presented. Discussion is convincing. A summary of the relationships found in the film is clearly presented. Discussion is insightful. 25.0 % Analyze the conflicts present in these relationships through the theories/perspectives introduced in this class. Explanation of the theories/perspectives used in your analysis of the conflict(s) found is not presented. Explanation of the theories/perspectives used in your analysis of the conflict(s) found is present but incomplete. Explanation of the theories/perspectives used in your analysis of the conflict(s) found is present but done at a cursory level. Explanation of the theories/perspectives used in your analysis of the conflict(s) found is clearly presented. Discussion is supported based on the readings and is convincing. Explanation of the theories/perspectives used in your analysis of the conflict(s) found is clearly presented. Discussion is supported based on the readings and is insightful. 25.0 % Suggest positive communication practices that could have aided the characters in avoiding or resolving the conflict(s). Explain how a better understanding or implementation of forgiveness could have positively influenced the experience of conflict in these relationships. Suggested positive communication practices that could have aided the characters in avoiding or resolving the conflict(s) is not presented. Suggested positive communication practices that could have aided the characters in avoiding or resolving the conflict(s) is presented but incomplete. Suggested positive communication practices that could have aided the characters in avoiding or resolving the conflict(s) is presented but at a cursory level. Suggested positive communication practices that could have aided the characters in avoiding or resolving the conflict(s) is clearly presented. Discussion is supported based on the readings and is convincing. Suggested positive communication practices that could have aided the characters in avoiding or resolving the conflict(s) is clearly presented. Discussion is supported based on the readings and is insightful. 20.0 %Organization and Effectiveness 7.0 % Thesis Development and Purpose Paper lacks any discernible overall purpose or organizing claim. Thesis and/or main claim are insufficiently developed and/or vague; purpose is not clear. Thesis and/or main claim are apparent and appropriate to purpose. Thesis and/or main claim are clear and forecast the development of the paper. It is descriptive and reflective of the arguments and appropriate to the purpose. Thesis and/or main claim are comprehensive. The essence of the paper is contained within the thesis. Thesis statement makes the purpose of the paper clear. 8.0 % Argument Logic and Construction Statement of purpose is not justified by the conclusion. The conclusion does not support the claim made. Argument is incoherent and uses noncredible sources. Sufficient justification of claims is lacking. Argument lacks consistent unity. There are obvious flaws in the logic. Some sources have questionable credibility. Argument is orderly, but may have a few inconsistencies. The argument presents minimal justification of claims. Argument logically, but not thoroughly, supports the purpose. Sources used are credible. Introduction and conclusion bracket the thesis. Argument shows logical progressions. Techniques of argumentation are evident. There is a smooth progression of claims from introduction to conclusion. Most sources are authoritative. Clear and convincing argument that presents a persuasive claim in a distinctive and compelling manner. All sources are authoritative. 5.0 % Mechanics of Writing (includes spelling, punctuation, grammar, language use) Surface errors are pervasive enough that they impede communication of meaning. Inappropriate word choice and/or sentence construction are used. Frequent and repetitive mechanical errors distract the reader. Inconsistencies in language choice (register), sentence structure, and/or word choice are present. Some mechanical errors or typos are present, but are not overly distracting to the reader. Correct sentence structure and audience-appropriate language are used. Prose is largely free of mechanical errors, although a few may be present. A variety of sentence structures and effective figures of speech are used. Writer is clearly in command of standard, written, academic English. 10.0 %Format 5.0 % Paper Format (Use of appropriate style for the major and assignment) Template is not used appropriately or documentation format is rarely followed correctly. Appropriate template is used, but some elements are missing or mistaken. A lack of control with formatting is apparent. Appropriate template is used. Formatting is correct, although some minor errors may be present. Appropriate template is fully used. There are virtually no errors in formatting style. All format elements are correct. 5.0 % Research Citations (In-text citations for paraphrasing and direct quotes, and reference page listing and formatting, as appropriate to assignment and style) No reference page is included. No citations are used. Reference page is present. Citations are inconsistently used. Reference page is included and lists sources used in the paper. Sources are appropriately documented, although some errors may be present. Reference page is present and fully inclusive of all cited sources. Documentation is appropriate and citation style is usually correct. In-text citations and a reference page are complete and correct. The documentation of cited sources is free of error. 100 % Total Weightage
04 September, 2015