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Assessment 2 /2548

Discursive ESSAY (Individual assessment)

  • 1000-1200 words
  • represents 40% of final grade (including tutorial marks)
  • due Tuesday 6th March 2018 (w23) – submit to  Turnitin

Each case study tutorial topic (in weeks 3-4, 7-8, 9-10, 16-17, 18-19 and 20-21) has a set of questions that you will need to prepare for prior to the tutorial. For each case study, a discursive essay question related to that case study is an essay question option (see below). You will need to select one of the case studies we have done in class and the appropriate question for that case and write an essay that:

  • Addresses the essay question set for the case study
  • Builds on the discussion in class and your own preparation for the case study discussion
  • Incorporates your reflection on the case issues.

You should ensure that you offer a coherent and suitably structured response to the question chosen and that there is appropriate analysis, drawing on relevant theoretical models where appropriate.

Further research and reading beyond the case study materials is required, as you are aiming to produce a deeper and more considered response that builds on the discussion in class. You may need to add further examples, data or illustration of the issues.

Essay options

  1. Week 3-4 case:
    Critically review the extent to which economics, as an academic discipline, has changed in response to the 2008 financial crisis.
  2. Week 7-8 case:
    Given Sandel’s views on the nature of a market society, as opposed to a market economy, discuss where the market / non-market boundary should lie. What significance might the concept of ‘blocked exchanges’ play in determining this boundary?
  3. Week 9-10 case:
    Using current examples, critically assess the extent to which private, profit-seeking firms should behave in a socially responsible and ethical manner, beyond the requirements of the law.
  4. Week 16-17 case:
    What is the significance of Kahneman’s distinction between System 1 (‘thinking fast’) and System 2 (‘thinking slow’) in terms of decision-making, and what consequences emerge?
  5. Week 18-19 case:
    Using specific examples, discuss why behavioural economics has been applied to some regulatory policy areas.
  6. Week 20-21 case:
    “For over 60 years, economic thinking told us that GDP growth was a good enough proxy for progress, and that it looked like an ever-rising line. But this century calls for quite a different shape and direction of progress.” (Raworth, 2017:53)
    Discuss how Raworth’s ‘doughnut economics’ seeks to reframe the nature and scope of economics.

Essay Assessment Criteria

The essay must:

  • Provide evidence of suitably relevant reading and research.
  • Demonstrate a clear and concise writing style.
  • Show suitable reflection and development from the discussion in class for that case
  • Demonstrate the student’s understanding of the theoretical concepts that the question addresses.
  • Draw appropriate conclusions that are congruent with the preceding analysis.


  • The essay should be typed in 12 point Arial or Helvetica (with 1.5 line spacing) 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.
  • The word count excludes the title page and reference list.
  • It must be 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.

Assessment 2 marksheet [pdf]

Reassessment opportunity

If assignment 2 is failed due to poor completion of the essay, it may, with the agreement of the tutor, be reassessed by submission of a revised version of the assignment, provided the tutor has been notified within two weeks of assignments being returned that resubmission is being pursued. A resubmission date will be individually agreed in each instance. In such cases, the grade will be capped at 40%. Non-submission of the essay (and thus a zero mark) and/or non-attendance at tutorials causing an overall fail in coursework will normally lead to the Faculty’s standard referral process, with a reassessment in August.