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ASSIGNMENT QUESTION
PURPOSE
The purpose of this assignment is to enhance students knowledge and
understanding of the concepts, effects and implications of recession on
various sectors in Malaysia.
Tujuan tugasan ini adalah untuk meningkatkan pengetahuan dan pemahaman
konsep, kesan dan implikasi kemelesetan terhadap pelbagai sektor di Malaysia.
Abstract: Why consumer confidence matters?
Consumer spending is the foundation of most economies. The long
boom of the mid to late 1990s was built on buoyant spending especially in the developing countries, where service industries have
long replaced manufacturing as the main economic motor. Policymakers have queued up to urge consumers to get back to the market.
To the average person, bamboozled by talk of current-account deficits,
exchange rates and bond yields, consumer confidence seems the sort
of economies anyone can grasp. Yet few indicators are potentially
deceptive or economically crucial.
Gerrit Antonides, professor of economic psychology at Erasmus
University in Rotterdam says that while a drop in consumer confidence
almost never trigger a drop in consumer spending, what it does
produce is a fall in spending on durables; consumers put off upgrading
their car or buying a new washing machine.
At the same time, they do not take on huge credit, and at least start to
think about ramping up their savings. Other goods benefit, notably
comfort products everything from chocolate to books and home
furnishings. Overall, the amount of money passing through cash tills
may not change that much, a fact that makes the wholesale sell-off of
consumer-oriented shares seem something of an over-reaction.
* Adapted from a report by James Arnold for BBC News Online.
ATTACHMENT m12
ASSIGNMENT RUBRICS
BBEK4203 PRINCIPLES OF MACROECONOMICS / SEPTEMBER 2014
Criteria
Weig
ht
Introduction to
recession
(definition,
indicators and
effects)
Pengenalan kepada
kemelesetan
(definisi, penunjuk
dan kesan-kesan)
No description
about
recession. No
examples were
given.
1.5
Discussion on the
roles of
consumers
confidence to an
economy.
Perbincangan
mengenai perananperanan keyakinan
pengguna di dalam
sebuah ekonomi.
2.5
Tiada huraian
mengenai
kemelesetan.
Tiada contohcontoh diberikan
Low
Fair
Above average
Excellent
Unclear
description
about
recession. No
examples were
given.
Penerangan yang
tidak jelas untuk
kemelesetan.
Tiada contohcontoh diberikan
Clear and
sufficient
explanation about
recession. No
examples were
given.
Penerangan yang
jelas dan mencukupi
mengenai
kemelesetan. Tiada
contoh-contoh
diberikan
Clear and
sufficient
discussion of the
roles and effects
of consumers
confidence in an
economy. No
examples were
given.
Perbincangan yang
jelas dan mencukupi
mengenai perananperanan keyakinan
pengguna di dalam
sebuah ekonomi.
Tiada contoh-contoh
diberikan
No discussion on
the role of
consumers
confidence in an
economy. No
examples were
given.
Unclear
discussion of
the role of
consumers
confidence in an
economy. No
examples were
given.
Tiada perbincangan
mengenai perananperanan keyakinan
pengguna di dalam
sebuah ekonomi.
Tiada contohcontoh diberikan
Perbincangan
yang tidak jelas
mengenai
peranan-peranan
keyakinan
pengguna di
dalam sebuah
ekonomi. Tiada
contoh-contoh
diberikan
Max
Mar
ks
10
Explanation on the
positive effects of
a recession ( eg.
economic growth)
Penerangan tentang
kesan-kesan positif
kemelesetan
(contoh:
pertumbuhan
ekonomi)
Identification of
other sectors of
the economy that
might be
recession-proof.
Pengenalpastian
sektor-sektor
ekonomi lain yang
mungkin kalis
kemelesetan.
2.5
2.5
No explanation
on the positive
effects of a
recession. No
relevant
illustrations were
given to support
the explanation.
Unclear
explanation on
the positive
effects of a
recession. No
relevant
illustrations
were given to
support the
explanation.
Tiada penerangan
tentang kesankesan positif
daripada
kemelesetan. Tiada
ilustrasi yang
relevan diberikan
untuk menyokong
penerangan.
Penerangan yang
tidak jelas
tentang kesankesan positif
daripada
kemelesetan.
Tiada ilustrasi
yang relevan
diberikan untuk
menyokong
penerangan.
Other sectors of
the economy
that might be
recession-proof
have been
unclearly
identified. No
justifications
were given for
each identified
sector.
Sektor-sektor lain
dalam ekonomi
yang mungkin
kalis kemelesetan
dikenal pasti
dengan tidak
jelas. Tiada
justifikasi
diberikan bagi
Other sectors of
the economy that
might be
recession-proof
have not been
identified. No
justifications
were given for
each identified
sector
Sektor-sektor lain
dalam ekonomi
yang mungkin kalis
kemelesetan tidak
dikenal pasti. Tiada
justifikasi diberikan
untuk setiap sektor
yang dikenal pasti
Clear and
adequate
explanation on
the positive
effects of
recession on a
country. No
relevant
illustrations were
given to support
the explanation.
Penerangan yang
jelas dan mencukupi
tentang kesankesan positif
daripada
kemelesetan. Tiada
ilustrasi yang
relevan diberikan
untuk menyokong
penerangan.
Clear and
adequate
explanation on the
positive effects of
recession to a
country. Adequate
and relevant
illustrations were
given to support
the explanation.
Penerangan yang
jelas dan mencukupi
tentang kesan-kesan
positif daripada
kemelesetan. Ilustrasi
yang mencukupi dan
relevan diberikan
untuk menyokong
penerangan.
Other sectors of
the economy that
might be
recession-proof
have been clearly
identified. No
justifications were
given for each
identified sector.
Other sectors of
the economy that
might be
recession-proof
have been clearly
identified. Clear
justifications were
given for each
identified sector.
Sektor-sektor lain
dalam ekonomi
yang mungkin kalis
kemelesetan
dikenal pasti dengan
jelas. Tiada
justifikasi diberikan
bagi setiap sektor
yang dikenal pasti
Sektor-sektor lain
dalam ekonomi yang
mungkin kalis
kemelesetan telah
dikenal pasti dengan
jelas. Justifikasi yang
tidak jelas diberikan
bagi setiap sektor
yang dikenal pasti
Sektor-sektor lain
dalam ekonomi yang
mungkin kalis
kemelesetan telah
dikenal pasti dengan
jelas. Justifikasi yang
jelas diberikan bagi
setiap sektor yang
dikenal pasti
10
10
Summary
No highlights of
any major points.
1
Ringkasan
Total points
4
Tiada penekanan
untuk mana-mana
poin penting
10