Reference no: EM133146425 , Length: word count:1000

Diverse Perspectives on the World Economy

Learning Outcomes

LO 1: Understand economics as a scientific discipline and the role of economics in society

LO 2: Evaluate differences in world views, assumptions, methods of analysis and views of human nature taken by the various schools of economic thought

LO 3: Analyse the impact of diverse perspectives on pathways to achieving sustainable development goals

Assessment Details

You are required to consider a contemporary economic or social issue currently of interest in the media. This issue could be of local, national or global concern. Drawing on your reflective journal and concepts maps generated in Assessment 1, write a media article and an accompanying visual (concept map) which compares two diverse perspectives on how best to tackle the identified issue. The article can be a personal journal where you integrate personal opinion supported by evidence and analysis. Writing an article allows you to demonstrate your understanding of key concepts and relationships to the topic in question in a way that is easily accessible to a broad readership.

An example of the form and structure of your article may take may be drawn from the following article:
Lukas Coch 2021, Tough car emissions ceilings could get us well on the road to net-zero, The Conversation, viewed 19 November 2021.

To complete this task you will:

• Choose a current societal issue that you care about. This could be an issue of Global, National or Local concern, (eg. climate change, Australian innovation policy, local planning, food security, wage inequality, scarcity of resources, etc.).

• Look through the weekly reflection tasks to identify which perspectives were the most compelling and suitable for the identified issue.

Further information can be gathered from the reading list. Your task is to compare and contrast two diverse perspectives relating to the causes of, or solutions to, the chosen issue (refer to topics 1-6 for the perspectives)

• Attach a concept map to highlight similarities or differences for each of the perspectives. Draw on the concept maps developed in assessment one to inform your thinking.

• In the article, state your individual opinion based on your critical reflection of the different perspectives

• Identify a key economist currently publishing/ commentating or involved in research with respect to a given perspective on the stated topic - critically evaluate their perspective.

The following structure is recommended for your report:

• Statement of problem or issue
• Comparative analysis of the 2 perspectives
• Results of the research
• Recommendations
• Conclusions
• Reference list

Assessment Criteria

- Critical analysis of the case study and identification of issue
- Research and links to class readings and relevant theory
- Solutions and recommendations

- Style, structure & grammar
- Concept maps: One map for each school of thought illustrating key concepts presented
- Concept maps: Embeddedness and interconnectedness
- Concept maps: Efficient links and layout