| University | Auckland Institute Of Studies (AIS) |
| Subject | ECON802: Economics and Global Trade |
Business Administration Programmes
Assignment 1
Course: ECON802 Economics and Global Trade
Lecturer: Dr Mohammad Salimifar
Stream(s): 231-235 & 236-238
Due: 4pm, Friday November 14th 2025 (soft copy submission through Moodle
only)
POINTS to NOTE:
- There are 100 marks for this assignment which is 40% of the final course grade.
- The word limit for this assignment is 4,000 words (+/-10%), including references, figures, tables, and appendixes.
- Use Arial or Times New Roman font size 12 and 1.5 line spacing.
- Ensure you follow academic citation and referencing requirements, as failure to do so may invoke penalties. Use APA (7th). A reference list is required.
- You are also required to reference the use of any tools / software / application used. This includes the use of artificial intelligence (AI) to paraphrase or proofread, which requires a statement where applicable.
- Upon submission your assignment will be checked for copied materials as well as the use of AI (artificial intelligence), with penalties to be applied where appropriate and if not appropriately referenced.
- You may submit your assignment as a draft submission (Moodle/Turnitin) to check similarity prior to making your final submission.
- Late submissions incur a 5% penalty (5 marks) for each 24-hour period up to 96 hours (after that time, your mark will be recorded as zero).
- An extension may be granted if, within the prescribed timeframe, you submit an ‘Assignment Extension Application’ form with supporting documentation (e.g., a medical certificate) to the Programme Administration Unit.
As set out in your Course Outline, this assignment requires you to:
- Analyse market structures and determine appropriate strategies for different market situations; and
- Apply key economic principles to appraise the impacts of economic policies and analyse the relationship between varying economic conditions and corporate performance.
Section A
Analyse the following three situations, considering the relevant economic concepts and appropriate demand-supply diagrams to graphically illustrate the impacts of each of the following events and determine appropriate strategies. The diagrams should be neatly drawn and correctly labelled and contain illustrations of the initial situation, changes that occurred as a result of each scenario below, and the final situation. You need to support your arguments with appropriate research.
- The impact of the Russia-Ukraine war on global wheat prices.
- One recent topic in New Zealand was the cost-of-living crisis. What might be the impact of setting a maximum price on the price of petrol and diesel? What could be a better solution to control prices in the fuel market?
- The Swiftie Economy: the impact of Taylor Swift’s concerts on the concert ticket and the economy in Australia.
20 marks for each of the three market situations;
60 marks in total for Section A.
Section B
The annual inflation rate in New Zealand was at a high of 7.2 percent in September 2022 but has since decreased to 2.2 percent as of September 2024 (Consumers Price Index: September 2024 Quarter | Stats NZ, n.d.). With the benefit of using key macroeconomic principles covered in class and research done in this area, critically evaluate how the impact of monetary and fiscal policy measures implemented in the years up to 2022 contributed to the high rate of inflation. Then discuss how the subsequent monetary and/or fiscal policy adjustments have contributed to the significant reduction in inflation by 2024.
As part of your response, include an appraisal of the current impact and likely long-term impact on the economic and corporate performance of potential economic policies. Ensure that you also refer to the current policies that are being implemented and discuss the potential future impacts of such policies.
You need to support your arguments with research and appropriate AD-AS diagrams. They should be neatly drawn and correctly labelled and contain illustrations of the initial situation, changes that occurred as a result of the macroeconomic policies, and final situation. You may draw one single diagram or multiple diagrams to illustrate the situations.
40 marks
Consumers price index: September 2024 quarter | Stats NZ. (n.d.).
https://www.stats.govt.nz/indicators/consumers-price-index-cpi
Stuck! Do not Know Assessment Answers?
Hire NZ Native Experts 24/7.
Marking Rubric
| Grading guide | D- (0% – 39%) | D (40% – 49%) | C (50% – 64%) | B (65% – 79%) | A (80% – 100%) |
| Section A
1
20 marks |
Demonstrates minimal understanding of how the conflict influences global wheat markets. Fails to analyse key factors such as trade disruptions, supply chain issues, or price volatility. Economic principles are not applied. | Provides a limited analysis of the impact on global wheat prices, addressing some basic factors but with insufficient depth. Limited
reference to economic principles such as supply and demand or price elasticity. |
Analyses the impact of the conflict on global wheat prices with moderate depth. Identifies key factors like supply shortages and trade routes, using some economic principles. Examples may lack specificity or relevance. | Provides a detailed analysis of the impact on global
wheat markets, integrating key factors such as trade disruptions, market volatility, and alternative suppliers. Consistently applies relevant economic principles and includes well-chosen examples. |
Delivers a comprehensive analysis of the war’s impact on global wheat prices, addressing trade patterns, geopolitical risks, and adaptive strategies.
Integrates advanced economic principles and uses robust examples to support the analysis. |
| Section A
2
20 marks |
Provides minimal understanding of the economic effects of setting maximum prices for fuel. Fails to analyse potential consequences like shortages or inefficiencies. Alternatives to price controls are not considered. | Offers a limited analysis of maximum fuel prices, mentioning some consequences such as market shortages but with insufficient exploration. Alternatives are mentioned but not evaluated. | Analyses the potential consequences of maximum fuel prices with moderate depth, addressing issues such as price distortions and inefficiencies. Proposes alternative solutions with some evaluation but lacks full consideration of feasibility or impact. | Delivers a thorough analysis of the effects of maximum fuel prices, addressing both short-term and long-term consequences such as shortages, market inefficiencies, and consumer behaviour. Proposes and evaluates viable alternatives such as subsidies or increased competition. | Provides an in-depth and nuanced analysis of maximum fuel prices and their implications, incorporating advanced economic concepts such as elasticity and market failure. Evaluates multiple alternatives with strong justification and evidence. |
| Section A
3
20 marks |
Demonstrates minimal understanding of the economic impact of concerts. Fails to analyse relevant areas such as local spending, ticket prices, or industry benefits. Lacks examples and economic principles. | Provides a basic analysis of the impact, mentioning general effects such as ticket sales or increased tourism. Application of economic principles is limited, and examples are vague or irrelevant. | Analyses the impact of concerts on the economy
and ticket pricing with moderate depth. Addresses factors like local spending and demand shifts, using some economic principles and relevant examples. |
Provides a detailed analysis of the economic effects of concerts, addressing
multiple dimensions such as ticket market dynamics, tourism, and spillover effects on local businesses. Consistently uses economic principles and supports with strong examples. |
Delivers a comprehensive and multifaceted analysis of the economic impact, incorporating advanced principles such as multiplier effects and consumer behaviour. Uses robust and
specific evidence to substantiate all points. |
|||||||
| Mark out of 60 (20 marks for each scenario) Student feedback | ||||||||||||
|
Section B
40 Marks |
Demonstrates minimal understanding of the role of monetary and fiscal policies in inflation trends. Fails to identify key measures such as interest rate settings, government spending, or global
factors. Lacks application of macroeconomic principles (e.g., AD-AS framework, inflation targeting). Diagrams, if included, are irrelevant or absent. Analysis is vague or unsupported by evidence. |
Provides a basic evaluation of how policy measures contributed to inflation and its reduction. Identifies some policies, such as
loose monetary policy or fiscal stimulus, but analysis lacks depth and consistency. Limited use of macroeconomic principles (e.g., demand-pull inflation). Diagrams are included but may be poorly drawn, missing key labels, or inadequately linked to the discussion. Examples, if provided, lack relevance or detail. |
Analyses policy impacts on
inflation trends with moderate depth. References specific monetary (e.g., low interest rates) and fiscal measures (e.g., increased government spending) and their role in driving inflation. Explains how subsequent adjustments (e.g., contractionary policies) reduced inflation. Applies macroeconomic concepts such as the AD-AS framework and inflation expectations. Diagrams are relevant, labelled, and illustrate key points, but may lack precision. Evidence is included but may be generalised or insufficiently detailed.
|
Provides a detailed analysis of the relationship between monetary and fiscal policies and inflation trends. Clearly identifies and evaluates key policies (e.g., monetary easing, fiscal stimulus, interest rate hikes). Explores both short-term and longterm impacts on inflation and links these to economic and corporate performance using macroeconomic principles. AD-AS diagrams are clear, correctly labelled, and wellintegrated into the analysis. Examples and evidence are specific and relevant. | Delivers a comprehensive, nuanced analysis of how policy measures influenced inflation and economic performance. Integrates
advanced macroeconomic theories (e.g., multiplier effects, inflation targeting, cost-push and demand-pull dynamics) with robust evidence. Clearly evaluates both the causes of inflation up to 2022 and the effects of policy adjustments on inflation reduction by 2024. AD-AS diagrams are detailed, accurate, fully labelled, and effectively illustrate all stages of the analysis. Examples are highly relevant and drawn from credible research or real-world data. |
|||||||
| Mark out of 40 Student feedback | ||||||||||||
Buy Custom Assignment & Homework Solutions
Pay to NZ Native Writers | Cheap Cost & Plag Free
Many students find Economics and Global Trade assignments challenging because they require critical analysis of market structures, policy impacts, and detailed use of diagrams. If you’re struggling with applying economic theories, interpreting AD-AS frameworks, or analysing real-world events like global trade crises, our team at NZ Assignment Help can guide you. We provide Economics assignment help that’s 100% human-written, plagiarism-free, and tailored to New Zealand university standards. Get reliable support today with our 100% Human written assignment service NZ to achieve top-quality results.
- NURS602 Long-term Care and Disability Assessment 1 – Auckland University of Technology
- NURS802/2502 Reasoning in Practice – Aromatawai Tuatoru Assessment 3
- Clinical Risk Reduction Written Assignment Brief – Auckland University of Technology
- PUT102 Te Aka Pūtaiao (Kaupae 5) Assessment Three Individual Report
- LSCPG8.300 Strategic Procurement, Partnerships and Outsourcing – Assessment 1 Report
- DSP302 A2 Microsoft Access Assessment – Creating, Troubleshooting, Ethical Data Management and Developing Additional Skills
- BUSS510 Professional Skills Trimester 3, 2025 Assignment 1
- BSRV4601 Fundamentals of Real Estate Assessment 2 Variation B(1)
- Postgraduate Diploma in Health Sciences Assignment – Pain, Pain Assessment and Pain Management for Health Professionals
- BSYS601 Business Process Management Workshop Individual Assignment 3
