ASSIGNMENT 1

NAME MATRIC NO.

SUBJECT PRINCIPLES OF ECONOMICS CODE BEC20303
PROGRAMME GROUP
LECTURER MARCEL KUIMING DUE DATE 12th March 2021

This assignment is to achieve:

Course Learning Outcome 1 which is student has identify the objective and problem faces by macroeconomics in the real
life.
PO1: Practice knowledge in international business fields for the purpose of further studies or work (KNOWLEDGE)
PO6: Identify and solve problems using effective critical thinking skills in order to achieve practical business decision
making. (CRITICAL THINKING AND PROBLEM SOLVING)
PO7: Ability to work independently as an individual to enhance ones’ knowledge to achieve continuous improvement.
(INFORMATION MANAGEMENT AND LIFE LONG LEARNING)

INSTRUCTION:
1. This is assignment will cover 30% for the coursework.
2. INDIVIDUAL assignment
3. Students are compulsory to submit during the said time above.

FORMAT:
1. Arial with 11pt
2. Margin : use A4 – Justify
3. Send your assignment through Google Classroom (Code: llsuvl6)

Question
Every society needs to develop an economic system-a particular set of institutional
arrangements and a coordinating mechanism to respond to the economizing problem.
Economic systems differ as to (1) who owns the factors of production and (2) the method used
to coordinate and direct economic systems in the world today are :
1. Capitalism.
2. Socialism.
3. Mixed economy and
4. Islamic economy.

Students’ assignment should follow on below questions.

1) Define each of the economic system and example of one country that practice EACH
economy.
2) Explain features of EACH of the economic system.
3) Discuss what are the advantages of capitalism, socialism and mixed economy.

4) Discuss what are the disadvantage of capitalism, socialism and mixed economy.

5) On your opinion, which economic system is the best and explain your reason.
 (10 pages at least)

Report Rubrics

SKILLS CRITERIA SCORE

4 3 2 1
Introductory Introductory Introductory paragraph Introductory
paragraph is clearly paragraph is clearly is vague paragraph is not
Introduction stated, has a sharp, stated with a focus apparent
distinct focus and
(15 marks) enhances the impact
/4
of the report

Organization Information is Information is Information is Details and

(Overall order, flow presented in effective logically ordered scattered and needs examples are not
and transitions) order. Excellent with paragraphs and further development organized, are hard
structures of transitions to follow and
/4
(15 marks) paragraphs and understand
transitions enhances
readability and
understandability
Quality of Supporting details are Some details don’t Details are somewhat Unable to find
information specific to topic and support the report sketchy specific details
(Journal, Data, provide the necessary topic
Graph) information /4

(30 marks)

Originality The proposed project The project contains It is not clear that the The project is not /4
contains many no or few original, project is creative or creative or
( 20 marks) significantly original, innovative, or innovative. innovative.
innovative, or creative aspect(s).
creative aspect(s).

Concluding Concluding
paragraph paragraph follows Concluding paragraph Concluding
summarizes and draw and summarizes is only remotely paragraph is not
Conclusion a clear, effective report discussion, and related to the report apparent
conclusion and draw a conclusion. topic
( 20 marks) enhances the impact
of the report

Total /100