ECON1000 S1 2025 – GTP – Marking Guidance and FAQs 1 ECON1000 S1 2025 - Marking Guidance and FAQs on GTP Students will be marked on the extent to which they specifically answer the question and provide clear, logical, well-reasoned and sufficient explanations. Here is a summary breakdown of how marks are allocated in this GTP: Game 1 [16 marks] ▪ The 1x graphical/numerical game tree, paying attention to all the relevant strategies and economic outcomes, as akin to an iterative ultimatum game. [up to 8 marks for drawing correctly the relevant game tree and quality of analysis of the game theory particulars] ▪ Discussion of role of power and fairness amongst players and how this affects the allocation, based on the key articles. [up to 8 marks for quality of analysis and coherence of arguments within the discussion] 800 ± 200 or so words should be sufficient for Game 1. Game 2 [14 marks] ▪ The 1x graphical (numerical) payoff matrix of the game, paying attention to all the relevant strategies and economic outcomes plus a discussion of preferences, based on the one article. [up to 10 marks for drawing correctly the relevant matrix and quality of analysis of the game theory particulars] [up to 4 marks for quality of discussion on preferences] 700 ± 200 or so words should be sufficient for Game 2. Please refer ECON1000 S1 2025 – GTP Brief for a comprehensive description of the tasks ❦ Description of Tasks POSSIBLE MARK Game 1 – game tree and explanation 8 Game 1 – discussion (power, fairness etc.) 8 Game 2 – payoff matrix and explanation 10 Game 2 – discussion (preferences) 4 TOTAL 30 ECON1000 S1 2025 – GTP – Marking Guidance and FAQs 2 Marking Guide The greater attention to detail in the analysis with clear, logical, well-reasoned and sufficient economics explanations the higher the mark (distinction plus grade). Brief answers given with less attention to detail but assuming you get most of the raw basics correct should earn you a satisfactory (pass or low credit grade) overall. In this assessment, both quantity and quality of explanation matter. There are no specific word limits per se, so long as what is written contributes to and strengthens your analysis. A scale of half-mark intervals is used to awarding marks in this assessment. The rubric below is an indicative guide as to how the exercise shall be marked: Criteria Unsatisfactory 0 - 49% Meets Expectations 50 - 64% Exceeds Expectations 65 - 79% Exemplary 80 - 100% Conceptual Understanding: Application of Economic Theory Limited understanding and application of key economic concepts/ theoretical framework in response to the case questions. Satisfactory understanding and application of key economic concepts/ theoretical framework in response to the case questions. Sound understanding and application of key economic concepts/ theoretical framework in response to the case questions. Discriminating understanding and application of key economic concepts/ theoretical framework in response to the case questions. Graphical Communication and Technical Details Payoff matrix / game tree is not constructed or is too unrelated to the case at hand. Basic payoff matrix / game tree is constructed to illustrate and explain the theory in more generic terms. Payoff matrix / game tree is adapted to the case question, with a good level of specification in the explanation. Payoff matrix / game tree is adapted to the case question and with a solid level of specification in the explanation. Critical Thinking / Analysis Reasons are illogical, irrelevant, or vague and/or not informed by research evidence from the relevant articles. Small use of available information in the key articles. Reasoning is relevant and informed by some analysis and synthesis of research evidence from the relevant articles. Some use of available information in the key articles. Logical and clear, informed by analysis and synthesis of research evidence from the relevant articles. Good use of available information in the key articles. Discerning and comprehensive, informed by robust analysis and synthesis of research evidence from the relevant articles and beyond. Perceptive observations and solid use of the available information in the key articles. ECON1000 S1 2025 – GTP – Marking Guidance and FAQs 3 10 FAQs for Game Theory Presentation (GTP) 1. What is the base knowledge I need to start my analysis? You are expected in your answers to refer to key economic concepts taught in the ECON1000 S1 2025 modules L1 and L2, where relevant. Just be wise and careful to write in your own words when you draw upon the lecture slides and the readings from CORE Team’s (2023) Economy, Society and Public Policy text (Units 2 and 3). The key economic concepts are taken from CORE ESPP Team (2023) and are discussed in lectures and tutorials. 2. How important is the payoff matrix and game tree relative to the writing? This activity is mostly a written analysis using logical argumentation. There is a ‘graphical’ component where you are to construct an appropriate game tree and relevant 2x2 payoff matrices. o The organisation of the text is crucial and requires planning. Sentences and paragraphs should be well connected using logical argumentation. Your answer should read as a continuous, threaded flow of ideas from beginning to end. o Be analytical and use your own critical thinking; do not be overly descriptive. 3. Is it really necessary to do additional research? No additional research is required in this assessment. 4. How do I refer to and access the key articles* or the main text in this GTP? Read the assigned readings and synthesise the ideas and facts from them and use in-text citation of these key sources. *= articles are available for free online – alternatively, refer to: [info/link in square brackets]. For your convenience, here are the references to key articles listed in the ECON1000 S1 2025 – GTP Brief: Game 1: 1. Bogle, Ariel (2024) ‘‘Stop all time wasting’: Woolworths workers tracked and timed under new efficiency crackdown’, The Guardian, October 23rd, available: https://www.theguardian.com/business/2024/oct/23/woolworths-staff-efficiency-productivity-crackdown-timed 2. Ainsworth, Kate (2024) ‘Hundreds of Woolworths warehouse staff prepared to strike until Christmas over pay and working conditions’, ABC News, November 21st, available: https://www.abc.net.au/news/2024-11-21/woolworths-warehouse-workers-strike-action-supply- chain/104628380 3. Kruger, Colin and Hannah Hammoud (2024) ‘Woolies began monitoring staff like never before. It had a chilling effect on workers’, The Sydney Morning Herald, December 7th, available: https://www.smh.com.au/business/companies/woolies-began-monitoring-staff-like-never-before-it- had-a-chilling-effect-on-workers-20241205-p5kw3r.html [https://infoweb-newsbank- com.eu1.proxy.openathens.net/apps/news/openurl?ctx_ver=z39.88-2004&rft_id=info%3Asid/infoweb-newsbank- com.eu1.proxy.openathens.net&svc_dat=AWGLNB&req_dat=7C6ACEAD0CB24278ADD256B27130B021&rft_val_format=info%3Aofi/fmt%3Ake v%3Amtx%3Actx&rft_dat=document_id%3Aimage%252Fv2%253A16CF87EBFB2D2B80%2540AWGLNB-19D40A0B6BD0D6D9%25402460652- 19D4B67C9238728C%254029/hlterms%3AWoolies sign in as Curtin University, Login to Curtin Library for Newsbank Access Global, pp. 26-7] 4. ABC News (2024) ‘Strike over as Woolworths workers accept new offer from supermarket giant’, ABC News, December 7th, available: https://www.abc.net.au/news/2024-12-07/woolworths-industrial-action-victoria/104697608 5. LaFrenz, Carrie and David Marin-Guzman (2024) ‘Hit to Woolworths sales from strike grows to $140m, expected to rise’, Australian Financial Review, December 9th, available: https://www.afr.com/companies/retail/hit-to-woolworths-sales-from-strike-grows-to-140m-expected-to-rise- 20241209-p5kwvg [https://www.proquest.com/newspapers/woolworths-strike-sales-hit-grows-140m/docview/3142232624/se- 2?accountid=10382 Login to Curtin Library] 6. Cohen, Hagar and Emily Jane Smith (2024) ‘Is workplace surveillance going too far? These former Woolworths and Services Australia workers speak out’, ABC News, December 18th, available: https://www.abc.net.au/news/2024-12-18/workplace-surveillance-services-australia- woolworths-go-too-far/104730476 7. Bogle, Ariel (2025) ‘Woolworths sacks two workers and investigates dozens over alleged conduct during 17-day strike’, The Guardian, January 17th, available: https://www.theguardian.com/business/2025/jan/17/woolworths-staff-fired-warehouse-workers-industrial-action-ntwnfb Game 2: Foucart, Renaud (2025) ‘Trump has rejected the Paris agreement again, but game theory shows how other countries can still lead by example’, The Conversation, January 27th, available: https://theconversation.com/trump-has-rejected-the-paris-agreement-again-but-game-theory- shows-how-other-countries-can-still-lead-by-example-246818 o Include suitable in-text referencing for any of the above sources used. o Aim for a healthy balance between paraphrasing and quoting word-for-word (but do not overuse quotes). o Just do what you need to do re Chicago (you can use Harvard or APA if you prefer) and make sure your fonts and styles and headings etc. are nice and legible, so the marker can clearly see what needs to be seen. It is a good idea to provide a suitable heading for the payoff matrix and game tree you draw. The CORE Team (2023): Economy, Society, and Public Policy, Oxford, UK (500 pages), Oxford University Press, softcover, ISBN 978-0- 19884-984-1, https://www.core-econ.org/espp. For in-text referencing, go for something like: CORE ESPP Team (2023). ECON1000 S1 2025 – GTP – Marking Guidance and FAQs 4 5. What is the marker looking for? Refer to rubric on pages 1 and 2 of this document and pay close attention to the specific mark allocation. o A general guide on what the marker is looking for in the GTP is recalling the tutor-student discussions in the workshop sessions on Modules L1; L2(a); and L2(b). o Your tutor as an exemplar would have gone through the process on how best to explain the payoff matrices, and so on. The local lectures on L1 and L2 might come in handy as well. 6. What are the formatting requirements? When ready to submit, ONLY include answers and prepare your document as following: Full Name and Student ID on the first page as a title in the Word document (or PDF) to Turnitin by the due date (see Assessments tab on Bb). 7. Is there an expected number of words? The word count specified is a suggestion for say a sound answer. Students are permitted to write a bit more if they need to, so long as what is written is relevant and answers the question/task, and on the potential mark you wish to aim for. 8. How should I interpretate my Turnitin similarity report? The similarity report has been disabled. As a student, you only need to live with a guilty conscience, along with any added stress of having to deal with ‘the system’, if you: a) sent any parts of the GTP on the web for someone else (either artificial or human) to partly do for you; and/or b) you’ve deliberately and strategically plagiarised, especially from other students. And there has been plenty of guidance provided by your tutor in the relevant workshop activity questions and by your lecturer to help see you through this GTP. 9. Where can I seek some further clarification on the GTP? Indirect guidance is on offer. There should be enough time available at the end of the L2(b) and L3 tutorials to have a little chat with your tutor. Visit the Ed Discussion Board: ask a question, make a good comment, provide a constructive answer to a fellow student’s question. Be respectful and kind when making a post, so we can all enjoy. 10. What is the marking and grades deadline? Marking each GTP requires a good degree of concentration to provide you with some useful comments. Please allow for a three (3) week turnaround for marking. Monday 28th of April (9pm) is the due date set in the Unit Outline for the release of marks/feedback on your GTP in Grade Centre. ❦ END OF MARKING GUIDANCE AND FAQS FOR GTP S1 2025
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