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Postgraduate Diploma in Marketing Assignment Subject Economic and Legal Impact (Econ) Nature of the Assignment Individual Assignment Examination June 2013 Assignment Submission Period 16th May 2013 to 22nd May 2013 (No late assignments will be accepted under any circumstances) Presentation Date N/A IMPORTANT (Common for Integrated and Subject Assignments) The assignment is designed to assess the application of theory and knowledge gained in the above subject. Assignment should conform to the Assignment Guidelines presented as per the Programme Handbook. (Refer to Section 07 – Guidance for Assignments) Assignment should be submitted to SLIM within the Assignment Submission Period. Assignment will not be accepted after the last date of acceptance under any circumstances. You will score higher marks in assignments if you meet the criteria given in the Programme Handbook. ( Please refer to Page 101 – Assignment Marking Criteria) Assignment Marking Sheet should be attached after the cover page for the examiner to mark assignment as per the Order of Headings in Programme Handbook. (Refer the Page 64) Attending Coaching Sessions (Classes) is compulsory in order to carry out the assignments. Current University students are allowed to submit the assignment without attending lectures since they register as self study students. SLIM will issue an acknowledgement slip upon the submission of your assignment and it must be retained by the student as proof of submitting the assignment. Download the Standard Assignment Cover Page from www.slim.lk and use it for all assignments IMPORTANT (Only for Subject Assignments) It’s a compulsory requirement to submit the assignment in order to pass the relevant subject. If you have not submitted the individual subject assignment your results for the respective subject will appear as “Fail” in the final grading. Assignment marks will not be considered to transfer to next examination in case of absent at the examination under any circumstances. In case of absent at the examination, relevant student has to re-do the assignment in order to pass the subject in the next examination. IMPORTANT (Only for Integrated Assignments) Student should complete / exempt or at least follow lectures for all four (4) subjects to be eligible to carry out the assignment. Any assignment which does not fulfill above criteria will be rejected in assignment marking process. Integrated Assignment Fee will not be considered to refund or transfer under any circumstances. Assignment Topic Demand Pull Inflation ; Increase the salaries OR production? Background Inflation is the continuous increase in general price levels, over a period. It reduces the real value of money and it affects the fixed income earners who will suffer the most. The opposition parties point the finger at the ruling party. Government tries to explain and justify the inflation is a general scenario. Demand Pull Inflation Demand Pull Inflation is one of the types of inflation. It is directly related to the National Production of the economy and the income distribution. While some parties of the economy are demanding for a considerable pay hike, the policymakers argue that it will worsen the issue in the long-term. Task 1 Select a staple food item (like bread) and analyze the price increase of the selected food item during the last ten years. Task 2 Discuss the affect of Cost push and Demand Pull Inflation and give suggestions to manage the Demand Pull Inflation of the economy. Assignment Marking Scheme Subject Student Registration Nu Marks Allocated Awarded 20 Criteria Aligning to the purpose of the assignment Some of the answer addresses to the purpose of the question This has addressed the purpose of the assignment Has addressed the purpose of the assignment coherently This has addressed the purpose of assignment comprehensively Clarity of expression An attempt to organize in a logical manner Satisfactory showing of logical manner and organization Shows higher level of Carefully and logically organized Shows coherent structure with clearly expressed ideas Using examples/evidences Shows a little use of examples Some use of examples. Some evaluation attempted Some use of examples. Well evaluated Shows appropriate examples are fully and reliably evaluated Critical analysis of concepts, theories, conclusions Demonstrates limited evidence of critical analysis Demonstrates some critical analysis of relevant theory Demonstrates application of theory through critical analysis Demonstrates application of critical analysis well integrated Following assignment guidelines Limited follow-up of assignment guidelines Some level of follow-up of assignment guidelines Good display of adherence to assignment guidelines Excellent adherence to assignment guidelines Total Special Remarks Signature of the Examiner 1-5 6-10 11-15 16-20 20 1-5 6-10 11-15 16-20 20 1-5 6-10 11-15 16-20 20 1-5 6-10 11-15 16-20 20 1-5 6-10 11-15 16-20 100