Discursive ESSAY (Individual assessment)
- 4 sides of A4
- represents 20% of final grade
- due 4pm, Tuesday of week 10 (4/12/12) – submit to SAC and Turnitin
Select one of the following topics (A or B):
Paul Ormerod, in his fascinating new book, Positive Linking, gives a good and fair description of how policymakers in the US responded to the [financial] crisis. The first thing they did was realise that all the ideas peddled by mainstream economics were utterly useless and had to be junked” (Elliott, 2012).
To what extent is the ?crisis in economies? related to a crisis in economics ?
“Kahneman and Tversky … [were] at first far from the mainstream. Today, however, their ideas have rippled across the scholarly landscape, from economics to engineering, medicine to environmental studies. Their Science and Econometrica papers are among the two most cited in all of social science” (Goldstein, 2012).
Critically assess the impact of Prospect Theory (and related concepts) upon microeconomic thinking.
The essay must:
- Provide evidence of suitably relevant reading and research.
- Demonstrate a clear and concise writing style.
- Demonstrate the student’s understanding of the theoretical concepts that the question addresses.
- Show a deeper philosophical awareness of issues raised by the question.
- Draw appropriate conclusions that are congruent with the preceding analysis.
Essay Assessment Criteria
- The essay should be typed, single spaced, in 12 point Arial or Helvetica and follow an essay-style format
- It should identify a minimum of six “academic” sources.
“Academic” sources are textbooks, academic journal articles and, at this level, business analysis sources such as The Economist and BusinessWeek.
- The page count excludes the title page and reference list.
- It must be submitted in hard copy to the SAC, plus submitted in digital form to the Turnitin assignment drop-box on the module’s Blackboard site. Digital submissions must be received by the assignment deadline. Don’t assume instantaneous delivery.
- Good referencing and academic practice will be credited, as will good standards of written English
- Any evidence of plagiarism will be dealt with severely in accordance with DMU regulations.
- Late submissions will be penalised.
If assignment 1 is failed (either due to non-submission or poor completion), it may be reassessed by submission of a revised version of the assignment by Tuesday of week 16, provided the tutor has been notified by the end of week 15 that resubmission is being pursued. In such cases, the grade will be capped at 40%.