However, this is a constantly changing issue and reports/papers/media articles will continually appear and information will be constantly updated.

This is a group assignment.
Each group should contain 4 students, unless otherwise approved by the module lecturer.
The groups should be formed by the students themselves (but see below).
Where students haven’t joined a group by the deadline (Tuesday 25th October 2022), the module lecturer will allocate any remaining students to a group.
Groups may be formed from across the different streams (BAHBMD/BAHHRD/BAHACF/HCBS) but it may be more convenient to work in groups drawn from the same stream
This assignment accounts for 50% of the overall assessment in this module.
The pass mark for this assignment is 40%
A soft copy of the assignment must be submitted online through Moodle by 11.59 p.m. on Wednesday 30th November 2022.
Penalties will be applied for late submissions as per standard policy.
The maximum word count is 3,000 words (+ 10% additional words tolerance.) There is no minimum word count but it is unlikely that the assignment could be completed satisfactorily in less than 2,500 words.
The word count above does not include bibliography, diagrams, tables of data etc. It does, however, include tables/grids where text is inserted.
Footnotes/Endnotes are acceptable to elaborate on/explain a point in the text and will not count towards the word count unless, in the judgement of the assessor, they are being used to circumvent the word count limit.
You must show the word count clearly on the front page.
Penalties will be applied for exceeding the word count
The grade will be based on the extent to which the student demonstrates a clear understanding of theoretical principles and their application to real world issues where appropriate.
The grade will be based primarily on quality of analysis rather than descriptive material. Students will be expected to present the paper in a professional manner including:
=> Well structured;
=> Good development of argument or narrative;
=> Good grammar, spelling, syntax, etc.;
=> Fully referenced;
=> Conclusion based on material presented in paper.
All material, written and otherwise, should be fully referenced.
Material which is taken straight from websites, newspaper or journals articles MUST NOT be included, except tables of statistical data, if relevant.

Background to Assignment
All businesses operate within the wider economy, both domestic and international, and are affected by movements, both in the macro-economy and in various sectors of the economy. Business professionals must therefore understand the operation of the overall economy and the interactions which take place between different economic variables and stimuli. The assignment is designed to allow students to acquire an understanding of a topical issue which is a key development in the wider economy, including its international dimension, and to understand the link between the wider economy and the business sector. It partly focuses, on the exposure of a small open economy to global influences and external economic shocks.

Task Statement
An evaluation of the economic impact of inflation on Ireland and one other country, and a comparison between the response adopted by the Irish and the other country’s Government and Monetary Authority. The two economies should be distinguished by at least one of the following criteria:
=> Size;
=> Stage of development, e.g. developed versus less-developed;
=> Membership of a recognised trade block e.g. EU
=> Geographical location;
=> Any other important economic categorisation.

Coverage and Content
Your assignment should: 1. Provide a comprehensive profile of the two countries for the years 2019-21 using the following economic indicators: unemployment, GDP growth, wages/incomes, a stock market index and a public finance indicator. You may use alternative indicators but must justify them if you do so.
(20 marks)

2. Present the trend in Inflation for the same period in the two countries and discuss its source/nature (20 marks)
3. Present and analyse the policy response implemented by the Government and monetary authority of both countries (25 marks)
4. Evaluate any other policies (not specifically targeted at inflation control) that have been implemented in the two countries. (10 marks)
5. Discuss the potential success/failure/shortcomings of the policies implemented, in particular, the impact on the business sector and discuss any other policies that you would consider appropriate in the two economies.. (25 marks)
You should familiarize yourself with marking criteria below as these will help to structure your approach to the assignment.
Remember that this is an economics assignment not a political report and the focus should primarily be on the implications for the economy and for the financial markets.

Criteria
Evidence of Achievement
Mark

Total Mark
/100

Criteria A (see task statement)
Quality and comprehensiveness of the profile of the two countries using the recommended or other justified economic indicators
/20

Criteria B (see task statement)
Quality of the presentation of the trend in Inflation in the two countries and discussion of its source/nature
/20

Criteria C (see task statement)
Quality of presentation and analysis of the policy response implemented by the Government and monetary authority of both countries
/25

Criteria D (see task statement)
Quality of evaluation of any other policies (not specifically targeted at inflation control) that have been implemented in the two countries.
/10

Criteria E (see task statement)
Quality of discussion of the potential success/failure/shortcomings of the policies implemented, in particular, the impact on the business sector and discussion of any other policies that you would consider appropriate in the two economies.
/25

Important Notes:
Interview: The assessor reserves the right to interview any students on their assignment before determining a mark.
Similarity checking: Please ensure that you are familiar with the Similarity checking software used by NCI
Plagiarism
Definition: There is no single definition of plagiarism.
A useful definition is:
“Plagiarism covers everything from lifting (your whole dissertation/assignment) from the work of somebody to failing to acknowledge a source.”[1]
and
“Plagiarism is unacknowledged copying. …. Even using short passages, or ideas, from other people’s work without specifically acknowledging the source, is plagiarism.”[2]
It is implicit in the above that if all material is fully acknowledged, then it is not plagiarism. It may be a poor piece of work if it is simply a rehash of someone else’s work, but it is not plagiarism.
Identification:
Plagiarism can be identified in a number of ways. Individual assessors, through experience, may spot plagiarism either because they are aware of the material and its source or because of a suspicion sparked by, say, the writing style. It can also be identified and verified by the plagiarism detection software which NCI utilises.
Penalty
The penalty will fit the crime and there will be a scale of penalties, from a marks deduction for a relatively minor breach to a rejection of the assignment for a serious breach. Each case will be judged on its merits. Students will have the right to contest any decision in relation to alleged plagiarism.
References
You should consult the module textbooks and lecture notes to structure your submission of the theoretical aspects of the assignment You should search for and consult articles, papers etc. written on the subject matter, particularly for Ireland or your home (or other) country but also for the wider international economy.
However, this is a constantly changing issue and reports/papers/media articles will continually appear and information will be constantly updated. You should also bear in mind that media articles, while informative and often very analytical, may not have the same degree of reliability as papers written by more established economic commentators. In addition, remember that reports published by organisations may have an ‘agenda’ and should be read in this light.
You should source data from the organization discussed in the class.
Stephen Walsh 11th October 2022

[1] Parsons, Tony and Knight, Peter G., (2005), How to do your dissertation in geography and related disciplines, 2nd ed., London and New York, Routledge,
[2] As above

Leave a Reply

Your email address will not be published. Required fields are marked *