Market theory Assignment | Custom Homework Help

Assessment Brief

Assessment Details

Unit Title: Economics of International Trade and Shipping
Unit Code: EMA708
Unit Leader: Dr.Reza Mirmiran
Level: 7
Assessment Title: Tanker sector annual review and outlook
Assessment Number: AE2
Assessment Type: Report
Restrictions on Time/Length : 2500 words (+/- 10%)
Consequence of not meeting time/word count limit: There is no penalty for submitting below the word/count limit, but students should be aware that they may not achieve maximum mark.

Assignments should be presented appropriately in line with the restrictions stated above; if an assignment exceeds the time/word count this will be taken in account in the marks given using the assessment criteria shown.

Individual/Group: Individual
Assessment Weighting: 50%
Issue Date: 23-Mar-20
Hand In Date: Monday 8th June 2020
Planned Feedback Date: within  20  working  days  of  the  submission  date (this does not apply to work submitted late)
Mode of Submission: Online via turnitin
Number of copies to be submitted: 1
Anonymous Marking This assessment will be marked anonymously.

Assessment Task

Your task is to compile a comprehensive “annual review & outlook” report for the tanker sector based on efficient market theory. In the theoretical framework you need to discuss supply and demand Market Drivers.

You are expected to identify the main factors that affected this sector in the last year. Your analysis should be based on relevant data from reputable sources.

Your discussion is expected to include, but not limited to:

  • A comparison between theoretical framework and the realities of the field
  • Whether 2019 has been a good year for tanker ship owners
  • Recommendations for tanker owners
  • I you provide a short comment on 1st and 2nd quarter of 2020 considering the impact of coronavirus and USA sanctions on this shipping sector would a plus.

Your report should demonstrate academic qualities including, but not limited to:

  • Page numbers, numbered sections, Table of Contents, List of Figures/List of Tables
  • Justified, readable text using a conventional font (e.g. size 11 Calibri or size 12 Times New Roman) with 1.5 line spacing
  • Referencing according to university guidelines (meaning both in-text citations and full bibliography list), including for figures and tables
  • Anonymously submitted via TurnItIn using your student ID number

Assessment Criteria

Criteria A1 – A2 A3 – A4 B1 – B3 C1 – C3 D1 – D3 F1 F2 – F3
Breadth and assimilation of relevant theory


Expert use of appropriate economics theories, concepts and materials. Insightful use of appropriate economics theories, concepts and materials. Considerable use of appropriate economics theories, concepts and materials. Coherent use of pertinent economics theories, concepts and materials. Serviceable use of some economics theories, concepts and materials. Inadequate use of relevant economics theories, concepts and materials. Little or no use of relevant economics theories, concepts and materials.
Investigation and discussion, data collection and collation


Exhaustive level of data collection and collation. Extensive level of data collection and collation. Substantial level of data collection and collation. Fair use of data material. Some evidence of data collection Insufficient use of data material. Little or no evidenceof use of data material.





Judicious alternatives/ recommendations. Meaningful alternatives/ recommendations. Sound

alternatives/ recommendations.

Fair alternatives/ recommendations. Sparse but adequate

alternatives/ recommendations.

Inadequate alternatives/ recommendations. Lacking alternatives/ recommendations.

writing skill and referencing


Professional presentation. Academic writing and referencing. Commendable presentation and writing. Rich referencing. Good presentation and writing. Consistent referencing. Coherent presentation and writing. Minor referencing issues. Passable writing capacity and presentation. Referencing problems. Passable presentation and writing. Referencing problems. Baffling writing style and presentation. No referencing.

Learning Outcomes

This assessment will enable students to demonstrate in full or in part the learning outcomes identified in the unit descriptors.

Knowledge and Understanding

K1 Critically analyse the fundamental concepts of economics and the global economy and evaluate the results to formulate key recommendations and improve management practice. K2 Employ a high level understanding of key economic frameworks, challenges and opportunities to support management decision making contributing to wider organisational competitiveness.

Cognitive Skills

C1 Research, critique and evaluate key economic management theories within the external concept international trade and shipping.

C2 Critically analyse and evaluate complex information, theories and data of international trade and global shipping to support complex business problems.

Practical and Professional Skills

P1 Solve management problems by usinga detailed understanding of economics and international trade through conducting advanced and specialised practical, work-based research tasks to a professional level.

Transferable and Key Skills

T1 Evaluate economic data and support key management decisions to make positive impact on micro and macro level based on strong rationale of economics theories.

Late Submissions

Students are reminded that:

  1. If this assessment is submitted late i.e. within 5 working days of the submission deadline, the mark will be capped at 40% if a pass mark is achieved;
  2. If this assessment is submitted later than 5 working days after the submission deadline, the work will be regarded as a non-submission and will be awarded a zero;
  • If this assessment is being submitted as a referred piece of work then it must be submitted by the deadline date; any Refer assessment submitted late will be regarded as a non-submission and will be awarded a zero.

Extenuating Circumstances

The University’s Extenuating Circumstances procedure is in place if there are genuine circumstances that may prevent a student submitting an assessment. If students are not ‘fit to study’, they can either request an extension to the submission deadline of 5 working days or they can request to submit the assessment at the next opportunity (Defer).  In both instances students must submit an EC application with relevant evidence.   If accepted by the EC Panel there will be no academic penalty for late submission or non-submission dependent on what is requested.  Students are reminded that EC covers only short term issues (20 working days) and that if they experience longer term matters that impact on learning then they must contact the Student Hub for advice.

A summary of guidance notes for students is given below:

Academic Misconduct

Any submission must be students’ own work and, where facts or ideas have been used from other sources, these sources must be appropriately referenced. The University’s Academic Handbook includes the definitions of all practices that will be deemed to constitute academic misconduct.  Students should check this link before submitting their work.

Procedures relating to student academic misconduct are given below:

Ethics Policy

The work being carried out by students must be in compliance with the Ethics Policy. Where there is an ethical issue, as specified within the Ethics Policy, then students will need an ethics release or an ethical approval prior to the start of the project.

The Ethics Policy is contained within Section 2S of the Academic Handbook:

Grade marking

The University uses a letter grade scale for the marking of assessments. Unless students have been specifically informed otherwise their marked assignment will be awarded a letter grade. More detailed information on grade marking and the grade scale can be found on the portal and in the Student Handbook.

Guidance for online submission through Solent Online Learning (SOL)

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