[Insert school

logo.] MANSFIELD STATE HIGH SCHOOL

Student name: Student number:

Teacher name: C. Berry N. Kerma S. Campbell

Date handed out: Week 6 - Monday Date due: Monday Week 10 3pm

Subject ECONOMICS

Technique Investigation Research Report

Unit 1: Markets and Models

Topic 3: Market Forces

Conditions

Duration 4 weeks, including 10 hours of the time allocated for Unit 1.

Mode Written Response Length 1500-2000 words.

Individual/ Individual Other Report

group

Resources A variety of government and other institutional websites, published reports, media
available articles and expert commentaries.

Context

The sharing economy takes a new approach to traditional consumerism. This concept applies a hybrid form
of ownership and renting, whereby those with the goods and/or services “share” with those that require that
good or service. However, with the provided convenience of the internet, everything has been made more
accessible. The sharing economy is not without its problems and governments around the world have
regulated conditions in which these businesses operate for fairer outcomes for businesses and consumers.

Assessment objective/s  Marks   Result

1. comprehend economic concepts, principles, and models as they
apply to economic problems, flows and markets. 5
2. select data and economic information from sources relevant to economic
problems and market forces select data and economic information from sources 4
relevant to economic problems and market forces
3. analyse economic issues involved with economic problems,
flows and markets by using data and information to interpret relationships, patterns, 6
and trends  
4. evaluate the operation of markets or the circular flow of income within the
economy to draw conclusions or make decisions, using economic criteria 6
5. create a response that communicates economic meaning to suit the intended
purpose in a written report. 4
TOTAL  25   
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Task

Create a research report (1500-2000 words) analysing one business that has contributed to the
sharing economy. Examine the economic disruption your selected business has had on the relevant
market. Evaluate the State and Federal Government’s imposed regulations to ensure fair business
practices for competitors and consumers.

Some suggested businesses include UBER, Airbnb and Afterpay from the public transport,
accommodation or retail markets.

To complete this task, you must:

 ensure sufficient data and economic information exists before finalising your choice of market
 select data and economic information from sources, and include a reference list and citations
 demonstrate within the report comprehension of economic concepts, principles and models relevant
to the price mechanism
Include the demand and supply factors relevant to the market and analysis of the economic cause–
effect relationships evident in supply and demand patterns. The focus of this analysis should be the
overall trends.
 format the research report appropriately, including a cover page, headings and subheadings, page
numbers, images, graphs and so on.
 Evaluate the effectiveness of relevant State and Federal Government regulations to provide
conditions that enable fair business practices

Checkpoints

☐ Term 2 Week 7 – gather information on your chosen company, formulate a thesis

☐ Term 2 Week 8 – full draft handed to teacher AND submitted on Turnitin (Friday 3pm)

☐ Term 2 Week 9 – editing and corrections using teacher feedback

☐ Term 2 Week 10 – final response hard copy handed to the Resource Centre AND submitted on
Turnitin (Monday 3pm)

Authentication strategies

 You will be provided class time for task completion.

 The teacher will collect copies of the student response and monitor at key junctures.

 You will provide documentation of your progress at indicated checkpoints.

 Your teacher will collect and annotate a draft.

 You must submit a declaration of authenticity.

Scaffolding

 How has the sharing economy disrupted traditional markets

 Profile of your company and market
 Include supply and demand diagrams that are either hand-drawn or designed electronically to show the relevant
title, estimated market price and quantity ranges
 Selecting criteria is an important element of evaluation. Efficiencies in overcoming under or over supply could
refer to criteria such as:
- demand elasticity (income, price or cross) in the short term,
- elasticity of supply in the short term
 - characteristics of the businesses
- information (communication of prices and/or quality)
- other relevant criteria that would influence the efficiency of
- the price mechanism

Instrument-specific marking guide

Criterion: Comprehending
Assessment objective
1. comprehend economic concepts, principles and models of trade protection, trade agreements
and/or the balance of payments
The student work has the following characteristics: Marks

• comprehensive identification of essential features of market forces in the sharing

economy
• perceptive application of economic concepts, principles and/or models of the 4−5
sharing economy
• precise use of economic terminology.
• effective identification of essential features of market forces in the sharing economy
• effective application of economic concepts, principles and/or models of the sharing
economy 2−3
• adequate use of economic terminology.
• identification of some economic concepts, principles, or models. 1

• does not satisfy any of the descriptors above. 0

Criterion: Selecting

Assessment objective

2. select data and economic information from sources relevant to trade protection, trade
agreements and/or the balance of payments
The student work has the following characteristics: Marks

• discerning choice of current, accurate and reliable data and economic information
from primary and/or secondary sources relevant to market forces and the sharing
economy
• perceptive use of data and economic information relevant to market forces and the 3−4
sharing economy
• consistent and accurate documentation of data and economic information in the
form of a reference list and citations.

• adequate choice of current, accurate and reliable data and economic information
from primary and/or secondary sources relevant to market forces and the sharing
economy
• adequate use of data and economic information relevant to market forces and the 2
sharing economy
• some documentation of data and economic information in the form of a reference
list and/or citations.
• narrow use of data and/or economic information. 1
 • does not satisfy any of the descriptors above. 0

Criterion: Analysing

Assessment objective
3. analyse an economic issue that involves trade protection, trade agreements and/or the balance
of payments
The student work has the following characteristics: Marks

• discerning interpretation of patterns and trends of market forces and the sharing
economy
• discerning explanation of market forces and the sharing economy 5−6
• discerning use of data and economic information to support the analysis.

• effective interpretation of patterns and trends of market forces and the sharing
economy
• effective explanation of market forces and the sharing economy 3−4
• effective use of data and economic information to support the analysis.

• superficial interpretation of patterns and trends of market forces and the sharing
economy
• superficial explanation of market forces and the sharing economy 1−2
• superficial use of data and economic information to support the analysis.

• does not satisfy any of the descriptors above. 0

Criterion: Evaluating

Assessment objective
4. evaluate an economic outcome relevant to trade protection, trade agreements and/or the
balance of payments
The student work has the following characteristics: Marks

• discerning synthesis of economic ideas and perspectives to support the

conclusion or decision
• perceptive conclusion drawn or decision made about, based on the use of 5−6
relevant economic criteria
• critical economic reasoning and justification.
• effective synthesis of economic ideas and/or perspectives to support the
conclusion or decision
• effective conclusion drawn or decision made about trade protection, trade
3−4
agreements and/or the balance of payments, based on the use of relevant
economic criteria
• feasible economic reasoning and justification.
• opinions and statements about either economic ideas or perspectives
• superficial conclusion or decision made about trade protection, trade agreements
and/or the balance of payments 1−2
• identification of some reasons for the conclusion or decision.
 • does not satisfy any of the descriptors above. 0

Criterion: Creating a response

Assessment objective
5. create a response that communicates economic meaning to suit the intended purpose in a
research report
The student work has the following characteristics: Marks

• concise expression and development of relevant ideas that enhance economic

meaning and effective use of graphs, diagrams and/or statistics
• features of a report genre are consistently demonstrated 3−4
• minimal errors in spelling, grammar, and punctuation.

• adequate expression and development of ideas that convey economic meaning and
some use of graphs, diagrams and/or statistics
• features of a report genre are demonstrated 2
• some errors in spelling, grammar, and punctuation.

• some elements of report formatting and inconsistent use of language conventions. 1

• does not satisfy any of the descriptors above. 0