In week 1, groups of 5-6 students will be formed. Students are required to stick to your group for the whole semester. Each week, starting from week 2 during the workshop, each group will be given a question to discuss (which will be posted on iLearn one week prior). One student from the group will present their discussion to the class. Another student from the same group will post the summary of the discussion plus the lecturer's feedback on the iLearn forum within a week. Each student is expected to i) present once or twice throughout the semester and ii) post the summary of the discussion plus the lecturer's feedback once or twice throughout the semester. No presentation or posting throughout the session will result in a mark of zero. Group members are expected to communicate with each other prior to the weekly workshop who will present/post the discussion (especially in case of some member(s)' absence to the workshop). 

Note that this is an individual assessment task. Students will be assessed based on the level of effort and the quality of presentation/posting. However, at the end of the session, each member of the group will complete an anonymous 'peer evaluation report' rating the fellow group members' contribution to weekly discussions. In situations where there is overwhelming evidence of one (or more) group members making no/little contribution or significantly productive contribution to discussions, mark deductions or additions will be made on the particular group member(s) identified.

Class Test 1 will be held in week 7 and will include short-answer and long-answer questions based on lecture topics covered in weeks 1-6. It will be of 80 minutes duration. It may include calculations and diagrammatical illustrations. Further details will be provided in due course. 

Students are allowed to bring in one A4 sheet of hand-written or printed notes (double-sided).

Failure to attend the class test will result in a mark of zero. Exceptions will be only made if an application for Special Consideration is made and approved. For further details, see the University's Special Consideration policy: https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policies/special-consideration. 

The assignment will include application/discussion questions regarding current trade issues related to the trade-off between efficiency and equity. Students will be provided with a set of academic/news articles. Further details will be provided before the mid-session break.

Students will have to complete and submit the assignment online by 3pm Friday May 24 through Turnitin on the ECON847 iLearn website. 

Late submission will receive a deduction of 10% of the total marks for each 24-hour period that the submission is late (for example, 25 hours late in submission - 20% penalty). Submissions will not be accepted beyond 72 hours past the deadline. This penalty does not apply if an application for Special Consideration is made and approved. For further details, see the University's Special Consideration policy: https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policies/special-consideration. 

Important Notice: Any student whose submission is not his/her own work will be automatically given a mark of zero. Students will also face serious disciplinary action, which may include an automatic failure of ECON847 and the possible exclusion from Macquarie University. Students should be aware that Turnitin will be used to determine the originality of the submitted work. Students are also expected to be familiar with the University's Academic Integrity policy: https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policies/academic-honesty.

Class Test 2 will be held in week 13 and will include short-answer and long-answer questions based on lecture topics covered in weeks 1-12. It will be of 120 minutes duration. It may include calculations and diagrammatical illustrations. Further details will be provided in due course. 

Students are allowed to bring in one A4 sheet of hand-written or printed notes (double-sided).

Failure to attend the class test will result in a mark of zero. Exceptions will be only made if an application for Special Consideration is made and approved. For further details, see the University's Special Consideration policy: https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policies/special-consideration.