QUEST INTERNATIONAL UNIVERSITY PERAK

ACADEMIC YEAR 2015Foundation in Business

FBM 1102 INTRODUCTION TO MICROECONOMICSCOURSEWORK BRIEFMethod of Assessment

NoCoursework

MarksDate AssignDate Due

AGroup Assignment

Report Short Quiz 1

PresentationShort Quiz 2(10%)

(5%)(5%)(5%)Wednesday/ 4th Feb 2015 (W2)

Wednesday/ 10th March 2015 (W7) 24th Feb 2015 (Thursday)(W5) 24th March 2015 (Tuesday)(W9) (tentatively)Week 11/12

BMid-Sem Examination(15%)16th 20th March 2015

CFinal Examination(60%)4th - 8th May 2015

Total assessment100%--

Academic RegulationsAttendance

It is students obligation to attend all lectures, tutorials and practical sessions. A minimum of eighty (80) per cent (%) on the overall attendance for lectures, tutorials and practical sessions MUST be acquired. Any absences from class must be endorsed either by a genuine medical leave certificate or an approved leave certificate given by the Faculty. Students whose absenteeism exceeds 20 per cent (%) in overall attendance are likely to be barred from taking the final examination of the subject concerned.

Plagiarism

Plagiarism is defined as the submission or presentation of work, in any form, which is not ones own, without acknowledgement of the source. If a student obtains information or ideas from an outside source, that source must be acknowledged. Another rule to follow is that any direct quotation must be placed in quotation marks and the source immediately cited.

Plagiarism is also defined as copy of all or part of the work of another student(s) of current or previous batch of this University or another higher learning institution.

The Universitys degree and other academic awards are given in recognition of the candidates personal achievement. Plagiarism is therefore considered as an act of academic fraudulence and as an offence against University discipline.

Intellectual Property

Intellectual properties must be earnestly protected and therefore, the infringement of copyright in any forms is strictly prohibited. The University takes a strong stand against any illegal photocopying of textbooks and any other materials by students. Students are forewarned of the consequences and the penalty that may be meted out if they are caught in the act.

Citation and Reference Format

Students are required to provide full references details of the books, journal articles, etc. which has been consulted when doing academic assignment/presentation. The method of citing and listing references details shall be according to American Psychological Association (APA) citation system. For further information, please view the examples of APA referencing provided in the e-group.

ASSESSMENT BRIEFThere is One (1) group assignment, One (1) group presentation, Two (2) short quizzes and One (1) Mid-Semester Examination for a total of 40 marks. GROUP PRESENTATION: 5%

Presentation SpecificationUpon completing your group assignment report, you are required to present your work. You are given fifteen (15) minutes to present your work and five (5) minutes for Q & A session. Marks would be penalized should you exceed the time allowed.

The presentation slides must not exceed 10 slides. Should you exceed it, marks would be penalized for it.

Submission

You are required to print the presentation slides on A4 size paper single sided with 6 slides per page. Any extra pages would be penalized accordingly. What to Write in the Slide?

Group PresentationSlide 1: Title of the Project (and name of student(s), matric number)

Slide 2: What is opportunity cost?

Slide 3: Briefly explain the background of the chosen company.

Slide 4: Identify the decision made using by the company and relate it to opportunity

cost.Slide 5: Do you think opportunity cost is good or bad? Slide 6: What are the benefits associated with opportunity cost?

Slide 7: What are the problems faced with opportunity cost?Slide 8: How do you overcome the problem of opportunity cost?

Slide 9: ConclusionsGROUP ASSIGNMENT: 10%

Assignment SpecificationYour group report should be limited to a maximum of 20 pages. Any extra pages would be penalized accordingly.Format of documentation includes;

Font Type: Times New Roman.

Font Size: 12 pts.

Line Spacing: 1.5 line spacing.

Sample of presentation material to be attached (appendix).

Reference list MUST follow the Harvard Standard Referencing System.

Proper citation is to be provided in the written assignment.

Appendix is to be used to attach graphs, diagrams, figures, and other findings.

Late Submission

All submissions must be made on the presentation dates. If the work is submitted after this time it will be given a 0 (zero) mark.

Students who are absent for the presentation without any medical certificate (M.C.) certified by the Centre for Foundation Studies office or without informing the lecturer in advance will be given a 0 (zero) mark.

Your task:

By using the resources provided, students will provide answers to the following questions:

Explain opportunity cost and how it will affect a companys performance. Discuss.

Guiding sub-questions

PART A: Introduction

What is opportunity cost?

PART B:

Select a company of your choice which involves manufacturing activities and answer the following questions.

Briefly explain the background of the chosen company.

From the companys perspective:

Identify the decision made using by the company and relate it to opportunity cost.

Do you think opportunity cost is good or bad? What are the benefits associated with opportunity cost?

What are the problems faced with opportunity cost? (Illustrate your answer by giving examples from the selected company in terms of 4M)

How do you overcome the problem of opportunity cost?

SHORT QUIZ 1: 5%

Short (Quiz 1) consists of Multiple Choice Questions and True/False Answers which contribute 5% to your total mark. SHORT QUIZ 2: 5%

Short (Quiz 2) consists of Short Answer Questions (SAQ). It would contribute 5% to your final mark.Mid-Sem Examination: 15%

It is a 2-hour written examination which consists of few sections. FINAL EXAM: 60%

A final written examination contributes 60% to your final mark.It is a 3-hour final written examination which consists of two sections.