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Talk to an Expert| Category | Assignment | Subject | Economics |
|---|---|---|---|
| University | Aston University | Module Title | BBM117 International Economic Environment |
| Word Count | 1500 Words |
|---|---|
| Assessment Type | Individual Coursework: 2 Applied Economic Briefings |
| Academic Year | 2026 |
Write two briefing notes on both of the following TWO economic topic areas. You should discuss each with reference to their real-world significance, using relevant evidence, e.g. data and empirical literature. Your briefing is expected to include at least one data chart drawing on data from reputable sources. Historical and international comparisons are strongly encouraged.
a) A critical evaluation of the causes, transmission, and policy responses to the international inflation shock of 2021–2024. Your briefing should analyse the relative importance of demand-pull and cost-push factors, examine the role of inflationary expectations, and evaluate the appropriateness of central bank responses. You should draw on international comparisons (e.g. UK, US, eurozone) to support your analysis and consider the implications for businesses, households, and the wider economy.
b) A critical evaluation of the drivers and consequences of shifting global trade patterns, with particular reference to the rise of strategic trade policy and the reorganisation of global supply chains. Your briefing should analyse the extent to which deglobalisation or trade fragmentation is occurring, examine the economic effects of recent trade policy interventions (e.g. tariffs, carbon border adjustments, reshoring/friendshoring initiatives), and consider their implications for businesses, consumers, and the international economic environment.
The briefings should be addressed to a fellow professional economist. Each briefing note should be around 750 words, with the maximum word limit across the two briefings being 1,500 words — but with exemptions (see below).
The individual coursework is to test your ability to explain fundamental economic concepts in a clear, concise, and applied way. This recognises the importance of application and communication in evidencing subject knowledge.
You are required to produce two briefing notes of around 750 words each and up to 1,500 words across the two briefings. This is a maximum word limit, but excludes: citations, including data sources; titles to figures, tables and charts; headings; quotations; and the reference section.
All sources should be cited appropriately, and you should include a reference section at the end of your set of two briefings. You are recommended to use Harvard-style referencing (Cite Them Right style).
Your audience comprises professional economists who are looking to understand each of the two topic areas and their real-world importance. It is expected that the briefings will include relevant evidence, with at least one data chart per briefing, in support of your analysis. The work should be presented in ONE document.
| Assessment Grade Criteria | Fail (< 25), | Fail (26 - 44), | Potentially condonable pass (depending on profile of marks) (45 - 49), | Pass (50 – 59), | Merit (60 - 69), | Distinction (70 – 79), | High Distinction (> 80) |
|---|---|---|---|---|---|---|---|
| KNOWLEDGE Conceptual foundations: engagement with ideas and theories | The ideas and theories covered by the briefings are poorly explained. Little or no attempt is made to show the connections between these concepts and the discipline of economics. Additional material is primarily drawn from poorer quality sources such as the Internet. | The ideas and theories covered by the briefings are poorly explained, with little attempt to show the connections between these and the discipline of economics. Where additional materials are used, it is primarily drawn from poorer quality sources such as the Internet. | Ideas and theories are explained in a way that evidences a basic understanding, but with significant errors and/or in a superficial way. There is only relatively limited evidence of wider reading or research. | The conceptual foundations relating to the briefings are covered adequately and, in the main, correctly. There is some limited appreciation of the connections between the concepts and their relevance to economics. While there is some evidence of wider reading and research, it is rather limited in scope and developed uncritically. | The main conceptual foundations and relevant theories are explained well, albeit with some minor inaccuracies. A wide range of work has been used to develop ideas. Ideas are treated in a critical manner. Debates or alternative perspectives have been highlighted. | Excellently well-explained and thought-provoking explanations of the relevant theoretical foundations and theories. The briefings refer to ideas and arguments that go well beyond those covered in the module. The briefings evidence an ability to critique ideas. | Exceptionally well-explained and thought-provoking explanations of the relevant theoretical foundations and theories. The briefings refer to ideas and arguments that go well beyond those covered in the module. The briefings evidence an outstanding ability to critique ideas or to contribute to the existing body of knowledge. |
| APPLICATION Application of concepts and theories to real-world issues: going beyond the abstract | Little attempt to apply concepts and theories to real-world issues. The concepts are therefore largely described in the abstract. Where an application has been attempted, there are numerous mistakes and misinterpretations. | There is only a limited attempt to apply concepts and theories to real-world issues. The briefings are therefore abstract in their nature. Where an application has been attempted, there are quite a few mistakes and misinterpretations. | While relevant ideas and themes are identified, there is a relatively superficial application of concepts and theories. Consequently, there is only a limited demonstration of their relevance and importance. The briefings lack critical insight tending towards the descriptive. | There is a reasonable application of concepts and theories to real-world issues in the briefings. The analysis, therefore, goes beyond the abstract. Whilst the analysis is imperfect, it is largely correct, although lacking something in detail and critical thought. | Relevant concepts and theories have been applied soundly to the real-world issues relevant to the briefings. Although there are some areas requiring clarification, the application is correct with evidence of understanding the limitations or usefulness of particular theories. | Exceptional application of concepts and theories to real-world issues in the briefings. How the theories relate to the issues has been fully and clearly shown. There is evidence of a strong capacity for critical thinking. | An outstanding application of concepts and theories to real-world issues relevant to the briefings. How the theories relate to the issues has been fully and clearly shown. The limitations and usefulness of this analysis is fully articulated demonstrating an excellent capacity for critical thinking. |
| APPLICATION Appropriate use of examples, evidence and data to contextualise and explain concepts and theories | Very limited use of examples, evidence or data to contextualise or analyse the concepts covered by the briefings. | Limited use of examples, evidence or data to contextualise or analyse the concepts covered by the briefings. Where evidence is attempted, it is done so erroneously or in a way that struggles to relate to the relevant topic areas. | Some examples, evidence or data have been used to contextualise or analyse the concepts covered by the briefings. The briefings struggle to articulate the links between theory and the relevant topic areas. | There is some use of relevant examples, evidence and data to contextualise or analyse the concepts covered by the briefings. Links between the evidence and theory are made, but there are errors in how the evidence has been interpreted or applied. | Good use of examples, evidence and data to contextualise or analyse the concepts covered by the briefings. They are used in a way that shows good critical awareness of the strengths and limitations in concluding in relation to the relevant topic areas. | Excellent use of examples, evidence and data to contextualise or analyse the concepts covered by the briefings. They are used in a way that shows excellent critical awareness of the strengths and limitations of their power in drawing conclusions in relation to the relevant topic areas. | An exceptional and imaginative use of examples, evidence and data to contextualise or analyse the concepts covered by the briefings. They are used in a way that shows an exceptional critical awareness of their strengths and limitations in concluding in relation to the relevant topic areas. |
| COMMUNICATION Coherence of argument | The briefings make little or no attempt to develop a narrative relevant to your concepts. What is presented is largely superficial. | The briefings show limited effort to develop a narrative, with a clear and engaging set of ideas relevant to the concepts. What is presented is generally superficial or lacking a clear sense of purpose. | The briefings suffer from limited coherence with a weak or patchy narrative around the materials. Consequently, the work lacks analytical depth with few convincing conclusions drawn. | The briefings form a reasonably coherent narrative in addressing the concepts. From this, some tentative reflections or conclusions are drawn. However, the briefings could benefit from greater coherence and/or more attempt to reflect alternative ideas or perspectives. | The briefings demonstrate good analytical depth in addressing the concepts. It therefore develops ideas and arguments generally well. The analysis and arguments show an ability to engage in some critical reflection or thought. | An excellently well thought out and presented set of ideas. The materials are nicely linked to each other. The briefings show substantial analytical depth, and there is some excellent critical reflection drawing out the strengths and weaknesses of competing ideas. | Exceptionally well thought-out and presented set of ideas. The materials are exceptionally well presented and link nicely and intuitively to each other. The briefings show an exceptional ability to critically reflect and draw out the strengths and weaknesses of competing ideas. |
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