Vivienne Saverimuttu 200425 ECONOMICSTHURSDAYEVENINGCLASSQ42016 ASSESSMENT1 DueWeek 5 20%of Final Grade Workshop Question1 What are theargumentsfor and againstusingGDPasa macroeconomicindicator (measure)of economicwellbeing? 350wordsMaximum Workshop Question2 Select acountry that hasexperienced arecession in thepast andexplain what caused therecession and briefly describeitsimpact on thateconomy. Your source for theinformation required should be thecentral bankof the country youselect. Pleasecite thesource at thebottom of thepageunder references. Avoid direct quotation from the source andin-text citationsare notrequired. 350wordsMaximum Workshop Question3 Free tradeisbeneficial to developingnations. Critically analyse theabovestatement with reference to onespecific developingnation. 350wordsMaximum Instructions Pleaseanswer eachquestion inyour own words. The three questionsabove are from topics1-4 thatmay beexplaining theoryor applicationsof theoryor critical reflectionson theory.Ineach case, studentswill berequired todevelop a thesis statementand write 350 wordsfor each question to defend their thesis.In total what yousubmit must not exceed 1050words. Studentscan collaborate asmuch asthey likeon the answersbut thewritingmust betheir own. Thus, thefinal version submitted inWeek 5cannot be identical withother groupmembers. Turnitin submissionisrequired (see general submission requirements). However, asgroupsmayhave collaborated quitesignificantly, and thisis encouraged,moreleeway will begiven on Turnitin similarity scores.Themain criteria are that each student isexpressing theideasin their own words. Ahardcopy containingthe three (3), 350word answers mustbesubmitted duringclassin Week 5. Turn itin will be accessiblefrom ONEweek before the due date. You do not needa cover sheet to submit viaturn it in: Your Assessment should contain only your student number and name. Thehardcopyshould have an attached coversheet. Thisshould behandedin on the due dateduringtheclassor youneed to makeother arrangementswith me.Vivienne Saverimuttu DUEDATE20th OCTOBER2016 Pleasesee BELOW for markingcriteriaand standards. REQUIREMENTS Thesis statement Youranswer, application or critical reflection should includea thesisstatement thatanswersor responds to the topicbygivingyour position, or statingyour argument,clearly andconcisely. The thesisstatement tells thereader what to expect from therest of your written work andshould relate to the theory discussed in thelectures. Body The thesisstatementshould befollowed by acoherent andlogically argued defence of thestatement. Academic writing Ensurethat your writingisasclear, conciseand precise aspossible. Ensurethat youproofread your writingand that it is free from spelling andgrammatical errors.You will losemarksfor poor spellingand grammar andfor blogsthat havenot been adequately proofreadand edited. Wordlimit 350 wordsfor each of three topics Marking criteria and standards CRITERIA BELOW STANDARD MEETSSTANDARD ABOVESTANDARD Thesis statement (40%) Unclear thesisstatement or lack of relevance to relevant theory. Concisethesisstatement illustratingknowledgeof therelevant theory. Excellently formed thesis statementillustrating strongengagementwith relevant theory. Body (40%) Unclear presentation of the argument or illogical engagement with relevant theory. Clear presentation of argument illustrating knowledge of the relevant theory. Exceptionally clear and concise presentation of argument illustrating strong engagement with relevant theory. Academic writing (20%) Lowquality presentation with grammatical errors andinadequate attention to detail. Goodquality presentation,no grammatical errorswith adequateattention to detail. Exceptionally high qualitypresentation with excellentattention to detail. Comments: