INSTRUCTIONS TO CANDIDATES:
• Please carefully read the instructions before you submit your answers.
• Please type your answers on a WORD DOCUMENT.
• Please include the following information ON YOUR DOCUMENT:
o CANDIDATE NUMBER (6-DIGIT)
o MODULE CODE and MODULE NAME
• Please use ARIAL font, Size: 12 point and 1.5 spacing.
• You can only submit ONE DOCUMENT. You must combine all answers,
figures, tables, and calculations into ONE DOCUMENT. If you have any handwritten calculations or answers, scan or take a photo, and insert into the word
file.
• Save your FILE as “Module Code – Candidate Number”.
o For example: BH1125 -123456
o This will also be your TITLE when you submit via TURNITIN.
• If you have problems submitting your answers via TURNITIN, please email
bss_support@aston.ac.uk with the following information:
o Full Name
o 9-digit Student ID Number
o 6-digit Candidate Number
o Screenshot of the error message
o Attach your WORD or PDF DOCUMENT with the ANSWERS on it
• NOTE: Spot checks via oral verification may apply to this module.
EXAMINATION PAPER INSTRUCTIONS TO CANDIDATE:
• Answer THREE (3) questions.
• Section A: Answer ONE (1) compulsory question.
• Section B: Answer any TWO (2) questions out of FIVE (5) questions.
• Each section is weighted as follows:
o Section A is worth 30 per cent of the total marks.
o Section B is worth 70 per cent of the total marks.
ADDITIONAL INSTRUCTIONS – PLEASE READ VERY CAREFULLY
• CITATIONS AND REFERENCES: You should cite sources though this is not
to be considered as coursework, and as such it is not expected for you to
include lengthy quotes, and no formal reference list is required (in-text
citations are required though).
• PLAGIARISM: All submissions will be put through Turnitin and tested for
plagiarism. Therefore, please do not copy contents from web and/or any
other source.
• WORD COUNT/LIMIT: Please see the question for the word count/limit.
• DIAGRAMS, FIGURES or TABLES – If you are including any diagrams,
figures or tables in your answer, these MUST NOT be copied from the
internet or any other source. Please include your own figures/diagrams, i.e.
drawn using a suitable editor or drawn and inserted by you. Figures should
be cited in the main text and appropriately explained.
• You MUST NOT contact the module leader, teaching team or ABS
Programme Office (Exams & Assessment or Student Support) through email
during the 24-hr period, when the exam is taking place, with any queries
related to the exam questions to ensure fairness to all students. Please
answer the questions to the best of your abilities and your own
understanding.
Do NOT mark your answers on this examination paper.
Write your answers on a separate document and if possible convert
to a PDF document for submission.
PLEASE SUBMIT ONLY ONE DOCUMENT
SECTION A
ANSWER THE FOLLOWING COMPULSORY QUESTION.
THIS SECTION CARRIES 30% OF THE OVERALL MARKS.
WORD LIMIT – THIS SECTION SHOULD NOT EXCEED 1,000 WORDS IN TOTAL,
EXCLUDING REFERENCES.
Assume that you are an economist appointed by a publisher who is compiling a book
containing briefing notes on a series of economic concepts. The book is aimed at
first-year university students of macroeconomics who may not have studied
economics before. The briefing notes are designed to be a way of introducing these
students to important macroeconomic concepts, drawing out their economic
significance and relevance in analysing and explaining real-world aspects of the
macroeconomy.
The publishers have asked you to produce TWO briefing notes from ANY two of the
following six concepts. They have asked that the briefing notes make appropriate
links to the real world so that students are able to appreciate the everyday relevance
of the concepts. Finally, they have requested that each briefing note should be no
longer than 500 words.
• The distinction between nominal and real figures
• Cumulative causation
• Liquidity trap
• The natural rate hypothesis
• Consumption smoothing
• Steady state
END OF SECTION A