Convincing Features
Assignment Type
Subject
Uploaded by Malaysia Assignment Help
Date
This is an individual assignment where students are required to work independently.
This assignment needs to be submitted electronically to Moodle (Turnitin).
Submission deadline (on Moodle): 3:00 p.m., 27 November 2025.
Late submission will incur a mark penalty unless an extension has been approved (see your Student Handbook on Moodle for details).
You are required to choose ONE of the following cases below and write a report with a maximum of 1,500 words. Â
Over the past few years, many restaurants in Malaysia have reported increasing difficulties in managing their costs. The prices of raw ingredients significantly rise due to global supply chain disruptions and local currency depreciation. Utility costs, such as electricity and water, have also increased, while higher minimum wages have raised labour expenses.
As a result, many restaurants have been forced to raise menu prices. Customers, however, are highly sensitive to price changes, and some have reduced their frequency of dining out. This has created tension between maintaining profitability and keeping food affordable for consumers.
Question:
Using both microeconomic and macroeconomic perspectives, analyse how rising prices affect restaurants in Malaysia and their customers. In your answer, explain the concepts of scarcity, demand and supply, cost-push inflation, and government policies such as subsidies and wage regulations. Discuss how restaurant-level decisions (micro) interact with national economic policies and inflationary pressures (macro) in shaping the overall cost of living in Malaysia.
In recent years, trade tensions between the United States and several countries have led to the imposition of tariffs on imported goods. Suppose the United States introduces higher tariffs on key Malaysian exports, such as palm oil, rubber products, or electronic components.
Question:
Using economic theories, analyse the potential impact of US tariffs on Malaysia’s economy. In your answer, discuss the short-term and long-term effects on Malaysian exporters (firms), local producers, consumers, and the overall macroeconomic environment. Apply concepts of demand and supply, comparative advantage, balance of trade, and government policy responses. Provide examples to illustrate how tariffs imposed by a major trading partner like the US could influence both microeconomic decision-making and macroeconomic outcomes in Malaysia.
Students should prepare and submit their coursework assessments via Moodle in the following format:
Font: Verdana 11 point
Spacing: 1.5 spaced
Margins: Normal (2.5 cm)
Referencing: Harvard citation style
Your coursework needs to be submitted electronically via the Module Moodle page. See the Student Services website and the programme handbook for further details of this process. The deadline for coursework submission is 3pm on 27 November 2025. Late submission will attract marks deduction penalty unless an extension has been approved by Student Services. Please familiarise yourself with the extenuating circumstances policy and process for submitting a claim.
BUSI1106 Economics Principles marking rubrics
| Trait | 0-29 | 30-39 | 40-49 | 50-59 | 60-69 | 70-79 | 80-100 |
|---|---|---|---|---|---|---|---|
| Knowledge (20%) Demonstrates knowledge and comprehension of connections between theory/ concepts and application. |
Inadequate knowledge and comprehension. | Limited knowledge and comprehension. | Adequate knowledge and comprehension. | Reasonable knowledge and comprehension. | Good level of knowledge and comprehension. | Thorough knowledge and comprehension. | Outstanding knowledge and comprehension. |
| Issue (20%) Demonstrates ability to determine and describe the problem, question or issue. |
Inadequate attempt to determine the main issue or inaccurate description of the above. | Limited attempt to determine the main issue or limited description of the above. | Adequate attempt to determine or describe the main problem, question or issue. | Reasonable description and understanding of the main issue. | Clear description and understanding of the main issue. | Thorough and coherent description and understanding of the main issue. | Outstanding and coherent description and understanding of the main issue. |
| Sources (15%) Demonstrates ability to select relevant sources of evidence and evaluate these to develop argument. |
Inadequate or irrelevant selection of sources and evaluation is incomplete or misused to develop arguments. | Limited selection of sources or evaluation is incomplete or misused to develop arguments. | Adequate selection of sources with largely accurate evaluation providing appropriate and justifiable interpretations to develop arguments. | Reasonable selection of sources with largely accurate evaluation providing appropriate and justifiable interpretations to develop arguments. | Good selection of sources with accurate evaluation providing appropriate and justifiable interpretations to develop arguments. | Thorough and wide selection of sources with accurate evaluation to develop arguments convincingly and systematically. | Outstanding selection of sources with accurate evaluation to develop arguments convincingly and systematically. |
| Examples (15%) Provides real-world examples / cases or studies relevant to the problem as required by the question. |
Inadequate real-world examples are provided or those that are provided are irrelevant to the problem discussed. | Limited real-world examples are provided that are relevant to the problem discussed. | Reasonable selection of realworld examples are provided that are relevant to the problem discussed. | Good selection of real-world examples, cases or studies are provided that are relevant to the problem discussed. | Good selection of real-world examples, cases or studies are provided that are relevant to the problem discussed. | Thorough selection of realworld examples, cases and studies are provided that are relevant to the problem discussed. | Outstanding selection of realworld examples, cases and studies are provided that are relevant to the problem discussed. |
| Structure (10%) Structure and coherence of written work. |
Inadequately structured piece of work with a lack of ability to connect key elements. Writing is incoherent, with grammatical errors or poor use of syntax resulting in a lack of clarity or focus. | Limited structure to work with limited attempt to connect key elements. Writing is incoherent, with grammatical errors and/or limited use of syntax resulting in limited clarity and focus, or creating confusion as to the point being made. | Adequate structure to the work showing adequate connection of key elements. Writing is largely coherent, but may demonstrate grammatical errors or limited use of syntax, resulting in some confusion as to the point being made at times. | Reasonably structured piece of work with reasonable attempt to connect key elements. Writing is coherent and is largely grammatically-correct with reasonable use of syntax, resulting in reasonable clarity and focus, and is relatively easy to follow. | Good structure to the work showing good connection between key elements. Writing is coherent, and is grammatically-correct with good use of syntax to convey appropriate meaning, resulting in good clarity and focus making it easy to follow. | Well-structured piece of work effectively connecting key elements. Writing is insightful and is grammatically-correct with good use of syntax to convey clear meaning, resulting in clarity, and focus throughout. | Convincingly structured piece of work effectively connecting key elements. Writing is insightful, and is grammatically-correct with excellent use of syntax to convey clear meaning, resulting in clarity, and focus throughout; development of ideas is easy to follow. |
| Citations (10%) Citations and referencing of relevant academic sources. |
Largely anecdotal, with inadequate citations or referencing is inconsistent or absent. | Limited use of citations of relevant academic sources to support claims; limited referencing. | Adequate use of citations that are largely academic sources. May be some anecdotal evidence. Adequate referencing. | Reasonable use of citations of relevant academic sources to support claims, with reasonable referencing. | Good use of citations of relevant academic sources to clearly support claims, with good referencing. | Thorough use of citations of relevant academic sources throughout work to clearly support claims; well referenced. | Outstanding use of citations of relevant academic sources throughout work to clearly support claims; well referenced. |
| Brief (10%) Complies with specification of written work. |
Inadequately formatted with poor or no evidence of proof reading, numerous errors or not edited to expected word count. | Limited formatting with errors showing limited evidence of proof reading or may not be edited to expected word count. | Adequate formatting with adequate evidence of proof reading, some errors but within expected word count. | Reasonably formatted with few errors, evidence of proof reading and within expected word count. | Good formatting with very few errors, good evidence of proof reading and within expected word count. | Well-formatted work, with very few errors showing thorough proof reading, edited to expected word count. | Well-formatted work, free from errors showing extensive proof reading, edited to expected word count. |
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