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Module 1
Module 3
Module 5
Please refer to the assessment brief attached above for details on how to complete the short
assessments of each Module.
Please click on the link to access the excel file for Module 5_Assessment
The marking criteria can be located within the assessment brief located above or the submission
section, click on ‘view marking guide’ to access.
Please save your Assessment and submit it as the title of your submission using the following
naming convention: subj code_M#_surname_first name initial_assessment title
E.g. MGMT6002_M2_Jones_S_case study
>> View/Complete
Module 2:
4. Technology and wage inequality – explain how the Information Technology revolution like
computer and network affects low and high skilled workers and their wages?
(and)
Is there anything wrong in raising minimum wages?
(or)
3. Calculate Price Elasticity of demand using midpoint formula with the following details. For
an increase in price from ‘G’ to ‘H’, has the elasticity increased or decreased?
G= 1800, 120
H =1600, 130
assessment 2_Module 3 and 4_Tri 1 2019
Assessment 2: Short written assessment (in class)- 40%
(This includes modules 1- 5; the best 4 modules will be considered towards the final grade.
Each module is worth 10 marks. Students are required to follow the instructions given.)
Module 3:
3. How can cities be viewed as examples of economies of scale
4. Fill in the table below and examine at which point will the firm have to shut down?
Quantity Total Fixed Variable Marginal Average Average
Cost Cost Cost Cost cost variable
cost
0 110 62
10 90
20 48
30 126 62
40 82 2.05
50 166 2.20
60 130 2.60 2.16
70 224 62 3.20
80 202 3.30
90 324 62 6.00
100 62 342 3.42
Module 4:
What is GDP; how is poverty measured in low income countries and how do you separate poverty
and income inequality
You are a macroeconomist who is asked to explain how the Australian economy is performing.
1) Row 3: Quantity is 20, Variable Cost should be: 48 and not fixed cost
2) Examine at which point will AVC be the lowest