Economics of Regulation and Individual Coursework

Spring 2023/24

Full details of coursework

This individual essay comprises 50% of this module’s assessment. The essay should be 2000 words maximum, which includes headings, sub-headings, footnotes, appendix but excludes references, graphs, graph captions and titles. The reading list for the module uploaded to Moodle should provide the framework for reading to attempt this assignment.

The essay carries 100 marks with each element of the assignment assessed and weighted as shown in the marking rubric on the last page. The total marks achieved, out of 100, will be then converted to 50%.

Coursework Submission Requirements

A maximum word count is set according to the module-specific requirements and must be adhered to. The word limit (maximum) is 2,000 words. The penalty for exceeding this limit is a five-mark deduction.

• The actual word count of the assignment must be stated by the student on the first page (cover sheet) of the assignment.
• The overall word count does not include the references or bibliography at the end of the coursework.
• The word count does not include figures and tables.
• Appendices are not included in the overall word count.

Students should prepare and submit their coursework assessments via Moodle in the following format:

Font: Verdana 11 point Spacing: 1.5 spaced Margins: Normal (2.5 cm)

Printing (for non-electronic copies): double-sided Referencing: Harvard citation style

Coursework question

Public policy is a complex and evolving field of concern that is increasingly shaped by global macroeconomic conditions. Select a country of your choice for analysis here. Apply appropriate public choice theories to critically analyse how prevailing macroeconomic challenges have been shaping the public policy landscape in your selected country since 2022. Conclude by deliberating on the statement, “fiscal illusion and Keynesian delusions” of the said policy in your selected country.

Deadline date for submission of coursework

Your coursework needs to be submitted electronically to Moodle. See your Student Handbook (on Moodle) for further details of this process.

Late submission will attract a mark penalty unless an extension has been approved (see your Student Handbook on Moodle for details).

Marking Rubric

Economics of Regulation and Public Choice coursework marking rubric (2023/24)
Trait	0-29	30-39	40-49	50-59	60-69	70-79	80-100	Marks
Issue	Inadequate attempt to	Limited attempt to	Adequate attempt to	Reasonable description	Clear description and	Thorough and coherent	Outstanding and coherent	30
Demonstrates ability to	evaluation macroeconomic	evaluation macroeconomic	evaluate the main	and evaluation of the main	evaluation of the main	description and evaluation	description and evaluation
evaluation of	problems or issues and	problems or issues and	problem, question or	issue.	issue.	of the main issue.	of the main issue.
macroeconomic problems	policy implementation.	policy implementation.	issue.
or issues and policy
implementation.
Knowledge	Demonstrates inadequate	Demonstrates limited	Demonstrates adequate	Demonstrates reasonable	Demonstrates good level	Demonstrates thorough	Demonstrates outstanding	30
Demonstrates knowledge	knowledge and	knowledge and	knowledge and	knowledge and	of knowledge and	knowledge and	knowledge and
and comprehension of	comprehension.	comprehension.	comprehension.	comprehension.	comprehension.	comprehension.	comprehension.
connections between
public policy theory and
application.
Sources	Inadequate or irrelevant	Limited selection of	Adequate selection of	Reasonable selection of	Good selection of sources	Thorough and wide	Outstanding selection of	5
Demonstrates ability to	selection of sources and	sources or evaluation is	sources with largely	sources with largely	with accurate evaluation	selection of sources with	sources with accurate
select relevant sources of	evaluation is incomplete or	incomplete or misused to	accurate evaluation	accurate evaluation	providing appropriate and	accurate evaluation to	evaluation to develop
evidence and evaluate	misused to develop	develop arguments.	providing appropriate and	providing appropriate and	justifiable interpretations	develop arguments	arguments convincingly
these to develop	arguments.		justifiable interpretations	justifiable interpretations	to develop arguments.	convincingly and	and systematically.
arguments.			to develop arguments.	to develop arguments.		systematically.
Structure	Inadequately structured	Limited structure to work	Adequate structure to the	Reasonably structured	Good structure to the work	Well-structured piece of	Convincingly structured	20
Structure, coherence and	piece of work with a lack of	with limited attempt to	work showing adequate	piece of work with	showing good connection	work effectively connecting	piece of work effectively
insightful written work;	ability to connect key	connect key elements.	connection of key	reasonable attempt to	between key elements.	key elements. Writing is	connecting key elements.
focused development of	elements. Writing is	Writing is incoherent, with	elements. Writing is largely	connect key elements.	Writing is coherent, and is	insightful and is	Writing is insightful, and is
ideas and connecting key	incoherent, with	grammatical errors and/or	coherent, but may	Writing is coherent and is	grammatically-correct with	grammatically-correct with	grammatically-correct with
elements.	grammatical errors or poor	limited use of syntax	demonstrate grammatical	largely grammatically-	good use of syntax to	good use of syntax to	excellent use of syntax to
	use of syntax resulting in a	resulting in limited clarity	errors or limited use of	correct with reasonable	convey appropriate	convey clear meaning,	convey clear meaning,
	lack of clarity or focus.	and focus, or creating	syntax, resulting in some	use of syntax, resulting in	meaning, resulting in good	resulting in clarity, and	resulting in clarity, and
		confusion as to the point	confusion as to the point	reasonable clarity and	clarity and focus making it	focus throughout.	focus throughout;
		being made.	being made at times.	focus, and is relatively easy	easy to follow.		development of ideas is
				to follow.			easy to follow.
Citations	Largely anecdotal, with	Limited use of citations of	Adequate use of citations	Reasonable use of	Good use of citations of	Thorough use of citations	Outstanding use of	5
Citations and referencing	inadequate citations or	relevant academic sources	that are largely academic	citations of relevant	relevant academic sources	of relevant academic	citations of relevant
of relevant academic	referencing is inadequate	to support claims; limited	sources. May be some	academic sources to	to clearly support claims,	sources throughout work	academic sources
sources.	or absent.	referencing.	anecdotal evidence.	support claims, with	with good referencing.	to clearly support claims;	throughout work to clearly
			Adequate referencing.	reasonable referencing.		well referenced.	support claims; well
							referenced.
Complies	Inadequately formatted	Limited formatting with	Adequate formatting with	Reasonably formatted with	Good formatting with very	Well-formatted work, with	Well-formatted work, free	10
Complies with specification	with poor or no evidence	errors showing limited	adequate evidence of	few errors, evidence of	few errors, good evidence	very few errors showing	from errors showing
of written work and free	of proof reading,	evidence of proof reading	proof reading, some errors	proof reading and within	of proof reading and	thorough proof reading,	extensive proof reading,
from errors.	numerous errors or not	or may not be edited to	but within expected word	expected word count.	within expected word	edited to expected word	edited to expected word
	edited to expected word	expected word count.	count.		count.	count.	count.
	count.
								100