Assessment評定
 

Discuss the contention that contract is the basis of all commercial relationships by reference to illustrations from the following areas:討論合同的論點，即是所有商業關系的基礎上參考插圖從以下幾個方面：
• the employment of workers;工人就業
• the relationship between a supplier of precision equipment in India to its customer in the UK在英國的客戶如果處理精密設備供應商在印度之間的關系
• frustration of a contract for personal services挫折為個人服務的合同
• a serious ankle injury sustained by a visitor to the premises of a  company, where a faulty stair tread has been reported by a cleaner three weeks before嚴重的踝關節受傷的訪客公司的前提下，3周前在樓梯踏板故障曾報道一個更清潔工的事例
• the significance of the Articles of Association in  a limited company有限責任公司的公司章程中的重要意義Describe how contract applies in each instance, if it does. You should make an alternative proposal for the relationship that applies if you do not agree with the contention, in each case.說明合同適用于每個實例，如果這留學生經濟學encomicsdissertation樣做。你應該讓一個替代方案，適用，如果你不同意爭的關系，在每一種情況下。
 

Each correct answer is worth a maximum of 12 Marks
 

Specific problem
 

Following preliminary discussions by telephone, Smith, whose business card says he is the  director of client services  for Spurious (based in Oslo, Norway) sends an  e-mail to a sole trader, Jones, (based in Hounslow in Middlesex UK)  about a project involving software design for a new video game. The e-mail states  a specified price to be paid on successful completion of the work, specifies a schedule for interim stages when reports and details of the work  must be submitted and a date when it must be completed.

Jones begins work immediately, merely replying “Thank you for your e-mail” to Smith. During the course of the work a novel software process is developed by Jones, who says he believes it might be patentable in an e-mail to Smith, in the course of one of his interim reports.#p#分頁標題#e#

Partway through the work Smith is dismissed from Spurious and three weeks after this, on the same day as the work was due to be presented, Jones receives an e-mail from Spurious telling him to cease work. When payment is sought by Jones for the work completed, the company refuses to pay but says that novel IP belongs to it anyway.

Jones then immediately goes to a reporter with a  trade newspaper and says that Smith is a crook and Spurious has cheated him.

Smith and Spurious separately both instruct solicitors to sue Jones for defamation
 

Learning Outcomes
 

1. Assess the ways in which resources are allocated and individual households and firms operate within market based and other types of economic system
2. Demonstrate an awareness of the different types of market structure within which businesses operate and understand the likely impacts of various types of 'market failure' on business activity
3. Identify the key macroeconomic variables, understand how they are measured and be aware of their possible impacts on business activity
4. Apply business principles to actual business situations in the context of real world case study examples
 

Economics for Business and Management Year 1 Assignment Marking Guidelines (Total words 3000, for each 1500.)

Q1:”People of the same trade seldom meet together even for merriment and diversion, but the conversation ends in a conspiracy against the public or in some contrivance to raise prices” (Adam Smith, 1776, Book 10, Ch. VIII).
Often, as Adam Smith noted above, the marketplace is influenced by the growth of monopolies, mergers, and cartel-type activities which often use their market power to the disadvantage of consumers.

a) Examine the arguments in favour of a free-market system of resource allocation (25%): Learning Outcome 1

b) Explain how market failure can occur and suggest how the government in a country of your choice has sought to correct those market failures. (25%) Learning Outcome 2

AND

Q2: The problems in the global banking system have affected most major economies of the world. In response, governments have introduced monetary and fiscal policies to try to improve the situation. With reference to a country of your choice:

a) Examine how the government of that country has adjusted its monetary and fiscal policy in response to the world downturn. Explain the reasoning behind these adjustments. (25%) Learning Outcomes 3 and 4

b) Indicate the problems which are created for the government's finances as a result of it seeking to avoid an even deeper recession. What solutions might you recommend? (25%) Learning Outcomes 3 and 4
 
Each question will be marked out of 25 marks

01-03 04-12%  FAILED TO MEET LEARNING OUTCOMES
03-05 12-20%
05-08 20-32%
08-10 32-40%#p#分頁標題#e#
09 36%

10-12             40-48%  SUCCEEDED IN ACHIEVING LEARNING    
12.5  50%                             OUTCOMES

12-15 48-60%

15-17 60-68%
17.5  70%

18-20 72-80%

20-22 80-88%
22.5  90%
22-25 88-100 

It is difficult to be overly detailed/prescriptive about each answer as there are many acceptable ways to answer these questions.

Student should NOT be awarded above a 50% mark if they have not:

• provided supporting evidence
• referenced their work
• used sources other than textbooks
• provided a bibliography
• included appropriate quotations

The higher marks should be applied to those students who

• make it clear how what they are writing about answers the question asked
• write clearly and logically
• use a variety of relevant sources
• have a critical/questioning approach
• make good use of charts/diagrams

111 10-12 A answer that achieves the leaning outcomes in a
basic way. Will probably rely exclusively on the textbook and the lectures.

11ii 12-15 A fuller answer using material from outside the  textbook  
                             and lecture.

11i        15-18 A clear answer using materials from a wide variety  of  
                              sources

First       18+ An exceptional answer   

Identify the positions legally with respect to:

1. The purported contract
2. The IP in the ‘novel software’ process
3. Jones’ claim for money for the work done
4. The defamation claim

Each correct answer (1-4 above) is worth a maximum of 10 marks