BCO221 GLOBAL ECONOMICS Task brief & rubrics

BCO221 GLOBAL ECONOMICS Task brief & rubrics

Task brief RESIT ASSIGNMENT

This is an individual task. Avoid any “copy-paste” practice to prevent possible problems of plagiarism.

Title: Why has Donald Trump sought to start a trade war with China since becoming the President of the USA?

In your answer you should:

• Define free trade and define trade wars and consider the pros and cons of free trade, referring to the theory of comparative advantage (20%)
• Consider the impacts of free trade on blue collar (former manufacturing) workers over the last 40 years in the USA (20%)
• Explain the current International Trade System. In this context, consider the validity of allegations made against China of unfair trade practices such as allegations that China devalued the RMB/Yuan and why China would have done this (if it did indeed do this) (20%)
• With the use of relevant economic diagrams consider the pros and cons of the USA applying trade barriers (such as but not only tariffs) on Chinese goods entering the USA (20%)
• Consider who in the USA would win and who would lose from the application of trade barriers on Chinese goods (20%)

Ensure that your analysis and opinions are based on theories and supported by evidence.

Formalities:

• Wordcount: 2000-2500
• Cover, Table of Contents, References and Appendix are excluded of the total wordcount.
• Font: Arial 12,5 pts.
• Text alignment: Justified.
• The in-text References and the Bibliography have to be in Harvard’s citation style.

Submission: Sunday 23 May 2021, 23:59 Barcelona time.

Weight: Resit – worth 100% of the overall grade – Please remember resits are capped at 70%

It assesses the following learning outcomes:

• Outcome 1: develop a complex understanding of the main concepts of international economics and how to apply them;
• Outcome 2: understand and analyze the different global economic theories;
• Outcome 3: distinguish between the different international economic systems;
• Outcome 4: understand balance of payments and its influencers;
• Outcome 5: explore economic integration in different economic areas

Rubrics:

	Exceptional 90-100	Good 80-89	Fair 70-79	Marginal Fail 60-69
Theoretical analysis (30%)	Student effectively employs a variety of relevant theoretical paradigms/models and data for analysis. Student engages with theory/data in a critical manner.	Student employs some relevant theoretical paradigms/models and data for analysis (a few key aspects might be missing). Student makes an attempt to engage with theory/data in a critical manner.	Student employs a limited range of theoretical paradigms/models and/or data for analysis (although some key aspects might be missing). Student may be unsuccessful in attempts to engage critically with theory/data.	Student employs insufficient/irrelevant theoretical paradigms/models and/or data for analysis. Student makes no attempt to engage with theory/data in a critical manner.
Critical evaluation (30%)	Student effectively engages in critical evaluation of all aspects presented in the brief.	Student makes a good attempt at engaging in critical evaluation of most aspects presented in the brief.	Student makes a fair attempt at engaging in critical evaluation of some aspects presented in the brief (argument might be weak).	Student makes an insufficient attempt to critically evaluate aspects presented in the brief.
Critical discussion & formulation of proposals (30%)	Student effectively leads discussion towards strong theory/data-driven proposals.	Student makes a good attempt at leading discussion towards theory/data-driven proposals.	Student makes a fair attempt at leading discussion towards theory/data-driven proposals.	Student fails to lead discussion towards relevant proposals.
Communication (10%)	Student includes all relevant sections, meeting professional standards of presentation. Correct referencing format.	Student includes all relevant sections, but falls short of professional standards of presentation. Largely correct referencing format.	Student includes most relevant sections, but falls short of professional standards of presentation. Some incorrect referencing.	Student fails to submit several relevant sections and/or falls significantly short of professional presentation standards. Largely incorrect referencing format.