Skilful use of data, theoretical knowledge and ongoing debate on the issue, and they are well integrated Contains insights and awareness of deeper and more subtle aspects of the relevant theory. There is clear evidence of researched/read more widely beyond the core materials. Provides well-argued articulated statements with supporting evidence. Evidence of originality and independent thought. Has highly developed analytical skills and consistently demonstrates high levels of critical analysis. Demonstrates ability to reflect on conclusions and their policy implications. Answers should be typed and diagrams must be clear and neat and preferably drawn electronically. Hand-drawn diagrams are acceptable. Requirements - APA referencing must be used when citing literature.

Needs 1,000 words. Following book should be used for this assignment: Hubbard, G., Garnett, A., Lewis, P. and O’Brien, T. (2015) Essentials of Economics, Pearson Australia: Frenchs Forest; and the associated MyEconLab to accompany the text. Assignment 1 consists of two problem questions (worth 5 marks each) based on text material. Text material which may be relevant to this question may be drawn primarily from any of Text chapters 1, 2, 3 and 4. Highly developed skills in expression and presentation of ideas. Fluent writing style. No major grammatical and spelling errors. All references, including recent literature, cited and used accurately.