ECON405 Banking and Finance – Trimester 3, 2020
Assignment 1 – Essay
Due date: Sunday 6th December, 2020, 11.59pm
Weight: 20%
Length: 2000 words
Question: In Australia, three key regulators oversee monetary authority in the financial sector.
(a) Explain the roles and responsibilities of these three regulators.
(b) Discuss
iefly what are the recent changes/updates of those roles and responsibilities with respect to the cu
ent out
eak of COVID-19.
(c) Using a flowchart, discuss the process of monetary policy transmission and economic activity across the financial and real sectors of the economy resulting from the Reserve Bank
of Australia’s (RBA) recent monetary policy changes (lower the cash rate from 0.50 percent to 0.25 percent).
Criteria High Distinction
100% - 85%
Distinction
84% - 75%
Credit
74% - 65
Pass
64% - 50%
Fail
50%
Mark
Describe who are the three key
egulators in the financial sector.
Critically analyse the roles and
esponsibilities of these three
egulators based on concepts and
information provided in the
textbook, lecture notes, journal
articles and other information
sources.
A comprehensive and
detailed explanation
and understanding of
the three key
egulators in the
financial sector and
their main roles and
esponsibilities.
Supported by deep
and
oad relevant
esearch and an in-
depth conceptual
analysis.
A clear and detailed
explanation and
understanding of the
three key regulators
in the financial sector
and their main roles
and responsibilities.
Supported by relevant
deep and
oad
esearch together
with a mostly sound
conceptual analysis.
An appropriate
explanation and
understanding of
the three key
egulators in the
financial sector and
their main roles and
esponsibilities.
Supported by
elevant research
together with some
evidence of
application and
analysis of pertinent
concepts.
An appropriate
explanation and
understanding of the
three key regulators in
the financial sector and
their main roles and
esponsibilities.
Mainly descriptive, no
analysis of pertinent
concepts.
Adequate research
effort to address the
question.
An inadequate
explanation and
understanding of the
three key regulators
in the financial sector
and their main roles
and responsibilities;
Lacks structure or
clarity and not at an
advanced level.
The focus bears little
elationship to the
focus of the
assignment part 1
(Not answering the
question)
20
Include recent changes/updates of
those roles and responsibilities
with respect to the cu
ent
out
eak of COVID-19 in your
discussion.
A comprehensive and
detailed explanation
and understanding of
those roles and
esponsibilities with
espect to the cu
ent
out
eak of COVID-
19 in your discussion.
Supported by deep
and
oad relevant
esearch and an in-
depth conceptual
analysis.
Good analysis of
ecent
changes/updates of
those roles and
esponsibilities with
espect to the cu
ent
out
eak of COVID-
19 in your discussion.
Supported by relevant
deep and
oad
esearch together
with a mostly sound
conceptual analysis.
Some evidence of
an analysis of
ecent
changes/updates of
those roles and
esponsibilities with
espect to the
cu
ent out
eak of
COVID-19 in your
discussion.
Supported by
elevant research
together with some
evidence of
application and
analysis of pertinent
concepts.
Some evidence of an
analysis of recent
changes/updates of
those roles and
esponsibilities with
espect to the cu
ent
out
eak of COVID-19
in your discussion.
Mainly descriptive, no
analysis of pertinent
concepts.
Adequate research
effort to address the
question.
A scant and unclear
analysis of the recent
changes/updates of
those roles and
esponsibilities with
espect to the cu
ent
out
eak of COVID-
19 in your discussion.
The focus bears little
elationship to the
focus of the
assignment part 2
(Not answering the
question).
20
Describe the transmission process
of expansionary monetary policy
scenario (lower the cash rate from
0.50 percent to 0.25 percent).
Using the flow chart, critically
analyse the impacts of this
monitory policy on economic
activities.
An in-depth analysis
of the impacts of this
monitory policy on
economic activities.
Supported by deep
and
oad relevant
esearch and an in
depth conceptual
analysis.
Good analysis of the
impacts of this
monitory policy on
economic activities
Supported by relevant
deep and
oad
esearch together
with a mostly sound
conceptual analysis.
Some evidence of
an analysis of the
the impacts of this
monitory policy on
economic activities.
Supported by
elevant research
together with some
evidence of
application and
analysis of pertinent
concepts.
Some evidence of an
analysis of the impacts
of this monitory policy
on economic activities;
although lacks
structure or clarity and
not at an advanced
level.
Mainly descriptive, no
analysis of pertinent
concepts. Adequate
A scant and unclear
analysis of the
impacts of this
monitory policy on
economic activities.
The focus bears little
elationship to the
focus of the
assignment part 3
(Not answering the
question).
research effort to
address the question.
50
Presentation
Include a title page with the unit
code, your student details (name
and student number) and the
number of words – excluding
eferences, tables and figures.
Include a table of contents after
the title page.
Use of section headings.
Appropriately reference the
material included in the essay and
also includes a reference list in
accordance with APA.
Be between 1850 and 2300 words
in length.
Includes appropriate graphs
and/or tables where required.
Outstanding
presentation style.
Title page with the
unit code, your
student details (name
and student number)
and word count was
included.
Table of contents
provided and
sectional headings
used in essay.
Outstanding use of
eferences and a
eference list
included in exact
accordance with
APA.
Between 1850 and
2300 words in length.
Excellent use of
graphs and tables
where appropriate.
Excellent
presentation style
Title page with the
unit code, your
student details (name
and student number)
and word count was
included.
Table of contents
provided and
sectional headings
used in essay.
Excellent use of
eferences and a
eference list
included in exact
accordance with
APA.
Between 1850 and
2300 words in length.
Good use of graphs
and tables where
appropriate.
Good presentation
style
Title page with the
unit code, your
student details
(name and student
number) and word
count was included.
Table of contents
provided and
sectional headings
used in essay.
Use of references
and a reference list
included; although
not in exact
accordance with
APA.
Between 1850 and
2300 words in
length.
Use of graphs and
tables where
appropriate.
Adequate presentation
style
Title page with the unit
code, your student
details (name and
student number) and
word count was
included.
Table of contents
provided and sectional
headings used in essay;
although lacking
structural flow.
Use of references and a
eference list included;
although not in exact
accordance with APA.
Between 1850 and
2300 words in length.
Use of graphs and
tables where
appropriate.
Poor presentation
style
Title page with the
unit code, your
student details (name
and student number)
and word count was
not included.
Table of contents not
provided and/or
sectional headings
not used in essay.
No use of references
and/or no reference
list included in
accordance with
APA.
Not between 1850and
2300 words in length.
No use of graphs and
tables where
appropriate.
10
https:
moodle.une.edu.au/mod/kalvidres/view.php?id=1106884
https:
moodle.une.edu.au/mod/kalvidres/view.php?id=1106884