Assignment brief

Module code and titleMarkets and Legal FrameworksTeaching team/ module leader

Assignment number and titleAssessment 1 (Individual Assessment)Assessment typeEssay/Report (Word count: 1400 words)WeightingThis assessment accounts for 60% of the final grade for this module(The overall pass mark is 40% for the module)Summative submission deadline

Formative submission deadlineTBASubmission formatPDF or Word Cover page and file titlePlease use Regent’s Assignment Cover Sheet. A copy of the cover sheet is available in the Assessment folder on Blackboard.Clearly label your work using the filename: ‘Module Code – Assessment Task – Student name or number.PDF’. Module learning outcomes assessedCommunication (MLO5)Discipline Knowledge (MLO7)Discipline Skills (MLO8)Release date for formative feedbackTBA(This is to help you develop your ability to use feedback to successfully complete summative assessments)Release date of mark for summative submissionTBA(Note that submissions are subject to internal moderation. All marks are indicative and subject to approval at the final subject boards.)

AIMS AND OBJECTIVES

The objective of this first summative assessment is to assess your ability to evaluate two important aspects of business environment – the economic performance of a country and contractual obligations. You will examine the economic performance of a selected economy and analyse the factors that influence its performance. You will additionally be assessed on contractual obligations and the relevance of a contract within a commercial environment.You MUST answer both questions below. They relate to legal and business environment.  They are designed to engage you in reading, research and critical analysis. In order to successfully answer each question, you will be expected to display a competent knowledge and explanation of the relevant topic coupled with evidence of understanding and research.2. TASKYou must answer both questions. Each question will be marked out of 50 marks. The word count for each question is 700 words;Question 1Produce a report that compares the economic performance of UK and an EU country of your choice since 2020 by examining the data on GDP growth rates.  Analyse the reasons for the observed differences/similarities in their growth performance.Arguments should be supported by secondary data and graphs.(50 marks)Question 2With reference to the English common law assess the essential components of a valid contract. What are the factors that influence the enforceability of a contract in a business environment?

marks)

3.  ADDITIONAL GUIDANCE

Teamwork

Not applicable – This is an individual assignment.ii) Instructions for completion of the first summative assessment.You should present your answer to Question 1 in the form of a report and support your arguments by reference to secondary data and graphs. Your answer to question 2 should be presented in the form of an essay. The word count for each question is 700 words. The overall word count for both questions is 1400 words. Credit will be given where you have clearly shown independent research by reference to other relevant textbooks, internet resources and legal journals/articles – In such event you should provide a detailed bibliography identifying your sources. The bibliography does not form part of the overall word count.Your assessment must be electronically submitted via Blackboard by 12 noon (UK time) on Thursday 21st March 2024. It should be submitted to Blackboard in the “Submit my Work” sub-folder within the “Module Assessment and Submission” folder in Blackboard. No other method of submission will be accepted. You are strongly recommended to complete your assessment in good time for the deadline.iii) Research and documentationResearch the topic thoroughly, aim to support your arguments with evidence, using appropriate terminology to your discipline.iv) ReferencingProvide an accurate and complete list of sources used. All quotes, and resources used must be referenced correctly and consistently, using the Harvard system. (See guidance here.)NOTE: If you generate text using AI and present it as your own work, it’s academic misconduct. If you use AI to generate text then it must be cited as you would any other source. (See guidance here.)4. MARKS AND FEEDBACK

What do I need to do to pass?

You need to achieve a “Band 2” grade to pass this First summative assessment (see Rubric below), achieved through your combined criteria scores.

Marking criteriaKnowledge and explanation of both the subject area and chosen topic.Application and communication of discipline skills.Work as a whole.

All the above criteria have the same weighting.

Example questions to evaluate your work

(Threshold pass)

Have you identified the relevant areas of markets, economics and law which are applicable to each of the two questions?Have you displayed a suitable knowledge and explained each topic which underpins the relevant areas?Have you communicated your work effectively and evidenced your learning in answering each question?Have you applied a range of techniques, skills and tools derived from your learning experience in answering each of the two questions?Have you explored each topic under discussion and addressed criticality?Have you checked your work for spelling, grammar and ensured that your referencing is appropriate and relevant?

5. RUBRIC

CriteriaBand 0 (called Scale in Turnitin)(0%-20%)Band 1(21%-39%)Band 2(40%-49%)Band 3(50%-59%)Band 4(60%-69%)Band 5(70%-85%)Band 6(86%-100%)Criterion 1Knowledge and explanation of both the subject area and chosen topic.Displays a wholesale lack of explanation of the subject area or is off topic or empty.May refer to the subject area but with limited knowledge or explanation of the chosen topic.Displays an appropriate knowledge of the subject area coupled with appropriate explanation and evaluation of the chosen topic. Displays a good knowledge of the subject area coupled with suitable explanation and evaluation of the chosen topic.Displays a very good knowledge of the subject area coupled with explanation, evaluation and analysis of the chosen topic. Displays an excellent knowledge of the subject area coupled with advanced explanation and evaluation of the chosen topic.Displays an outstanding knowledge of the subject area coupled with a unique perspective on explanation and evaluation about the chosen topic.Criterion 2Application and communication of discipline skillsA failure to utilize, apply and communicate techniques, skills and tools derived from the learning  experience to the subject area.Displays a limited utilization, application and communication of techniques, skills and tools derived from the learning experience. Evidence of limited application of these to the subject area.Utilizes and communicates basic techniques, skills and tools derived from the learning experience and applies these to the subject area.Utilizes and communicates a variety of techniques, skills and tools derived from the learning experience and applies these to the subject area.Utilizes and communicates a wide variety of techniques, skills and tools derived from the learning experience and applies these to the subject area.Utilizes and communicates a wide variety of techniques, skills and tools derived from the learning experience and applies these to the subject area. Displays insight and reflection on the choice of skills and tools adopted.Utilizes and communicates a wide variety of techniques, skills and tools derived from the learning experience and applies these to the subject area. Displays originality in connection with the choice of skills and tools adopted.Criterion 3Work as a wholeOff topic, empty or generic. No engagement with core questions. . Poor use of language and grammar. No referencing of sources.May attempt a descriptive answer about the topic but exploration of concepts and evidence is limited. Basic use of language and grammar. Poor referencing or referencing is missing.Provides a mostly descriptive answer with limited criticality. Satisfactory exploration of concepts and evidence. Satisfactory use of language and grammar. Referencing is at an appropriate standard.Provides an answer which partially adopts criticality. Good exploration of concepts and evidence. Good  use of language and grammar. Referencing is of a good standard.Provides an answer which fully addresses criticality. Very good exploration of concepts and evidence. Very good  use of language and grammar. Referencing is of a very good standard.Provides an answer which contains a high level of criticality. Excellent exploration of concepts and evidence. Excellent use of language and grammar. Referencing is of an excellent standard and reveals originality of research.Provides an answer which displays original criticality within the subject area. Outstanding exploration of concepts and evidence. Outstanding use of language and grammar. Referencing is of an outstanding standard and reveals originality of research.

Self-study/preparation for the assessmentTo undertake this assessment successfully it should take you about 16 hours over the course of the term, so you should plan to spend around 2 hours per week working on this project. What if you need support with academic skills?The Academic Skills Team are available to support you with academic writing. They hold regular sessions and are available for individual appointments. Visit their website.What is academic integrity?It is the practice of approaching academic and scholarly work honestly, by completing your own work, by attributing and acknowledging sources when necessary and by not relying on dishonest means to gain advantage. (see guidance here).What is plagiarism?Using without acknowledgement another person’s words, ideas, tools, products etc. and submitting them for assessment as though it were your own work; for instance, by copying, translating from one language to another or unacknowledged paraphrasing. Plagiarism is theft of another’s intellectual property.What if you submit your coursework late?