LAW ECONOMICS AND FINANCE


  LAW ECONOMICS AND FINANCE

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Module Code 77-602350

2017-18

                                                                    Task 1 – Report  – 50% weighting                                               

Task 2 – Report  – 50% weighting

TASK 2 REPORT

 

Assessment Weighting (%) 50%
Mode of Assessment Report
Word Count 2,000 words
Type of Submission Online
Submission Date and Anticipated Feedback Date Please refer to Assessment Calendar/Statement

 

Description of Assignment

With reference to a commercial property in either China or the UK, explain what issues a developer must consider in order to maximise profit and minimise economic and financial risk before, during and post development, irrespective of whether they choose to sell the property, or retain and manage it as an ongoing investment.

 

In order to answer this question, you must:

 

  1. Choose an existing property, not more than 10 years old, and assume (pretend) that you are a developer who is building it now.  Include a location plan and a photograph or other image of your chosen development.  For the purposes of this assignment, assume that there are no existing occupiers or legal title issues.  You are going to develop a ‘cleared’ site.

 

  1. Consider the options available in order to finance your development.  You only have 10% of the cost of construction ‘in the bank’ (equity).  What options are available for you to finance the remaining 90% of the project; which option(s) will you choose and why?  Please provide the reasons for your decision.

 

  1. Consider how you will maximise your profit: Using economic theory explain how you can minimise your costs and maximise your revenue?

 

  1. Identify the ethical issues likely to be involved with your development and explain how (having regards to RICS professional and ethical standards) you will manage any ethical issues or conflicts.

 

 

Guidance

  • More specific guidance on this assignment can be found on Blackboard under “Assessment” and will also be provided in your teaching sessions.

 

  • This assignment requires you to produce a report focusing on a specific property in either China or the UK. You are going to play the part of a developer who has to needs to decide how a development is to be financed and is to be economically viable.  In doing so, you may incorporate (use) any economic theory and diagrams that you consider relevant and appropriate.

 

Learning Outcomes

This assessment is linked to the following learning outcomes:

 

  • Identify and explain in sufficient detail the economic and financial issues likely to affect the commercial property market and the funding of commercial property ownership.

 

  • Identify and explain in a practical context ethical issues which ought to be considered by professionals involved in the ownership and management of commercial property.

 

Assessment Criteria

Please see below

Presentation of your Assignment

  • All typed work should be Arial (11pts) or Calibri (12pts)
  • You should use the APA referencing system
  • Please state the number of words used at the end of the assignment
  • Word counts include the entire assessment submission, with the exception of references and appendices
  • Work up to the word limit will be marked. Any work in excess of the word limit will not be marked

 

Cheating and Plagiarism

  • The University Regulations on academic conduct apply to all assessments. You are reminded that to represent as your own work the work of another person without acknowledgement is defined as plagiarism and is a breach of these regulations.
  • By submitting your work, you certify that it is your own work, and that the work of other people is duly referenced and acknowledged in accordance with the University’s Academic Conduct Regulation.

For more information refer to https://students.shu.ac.uk/regulations/index.html

 

Submission of your Assignment

Online Submission

  • You need to submit your assignment electronically via the module site by the date and time specified on Blackboard.
  • Your last submitted attempt will be the attempt that is marked.
  • Your coursework is to be uploaded as a single Microsoft Word or PDF document to the Assessment folder on the module blackboard site.
  • Filenames should use only letters, numbers, hyphens and underscores, and should be less than 72 characters in length.
  • Do not password protect your file(s).
  • It is your responsibility to ensure that your work is successfully submitted. Always check your email receipt and the submission point again following each submission.
  • More guidance on online submission can be found in the module site and here, including submitting large files (250MB or more). https://academic.shu.ac.uk/assessment4students/submitting-work-sitting-exams/submitting-work/
  • If you have a learning contract which recommends the use of stickers for your work please make sure that you type the wording of the sticker at the top of your assignment – preferably in red so that it is as visible as possible for markers.
  • Back-up and keep a copy of your work.

 

Return of your marked Assignment

Your work will be returned to you electronically. You will be given feedback in the form of the marking rubric attached including a personal commentary on aspects of your work. You may also receive annotations on your work showing specific examples of good practice and areas for improvement.

 

You will also have the opportunity to meet with a module tutor and obtain general feedback if requested.

 

Assessment Criteria

Please see Marking Grid attached.

 

In-Module Retrieval of an Assessment Task

Where in-module retrieval is available for an assessment task, if you have made an initial valid attempt but achieved below the pass mark, you may choose to rework the assessment task once only.

To be a valid attempt, the initial coursework submission must be capable of being marked against the marking criteria set. There must be some genuine attempt to answer the brief in the format required.

If you take the in-module retrieval and you pass the reworked assessment task, the mark for this assessment task will be capped at the pass mark.

If you rework the assessment task and your mark is lower than your original mark, then the original mark stands.

Refer to the module site for in-module retrieval submission dates. This date will be set by your module leader.

Having taken or declined your in-module retrieval opportunities, if you do not pass the module on second attempt you will be referred and will have to undertake a further piece of referral assessment to pass the module.

For more information on in-module retrieval refer to: https://students.shu.ac.uk/regulations/assessment_awards/In-module%20retrieval.pdf

 

 

Marking Grid (Rubric)

Section Presentation and Structure (10%) Consideration of the options available to finance your development (40%) Application of relevant economic theory to maximise your profit (40%) Identification and management of professional and ethical issues (10%)
Coverage Presentation on all aspects of the essay, including but not limited to: Readability of the material, layout, clarity of diagrams, formatting of text), correct referencing etc. Equity and debt related options considered and analysed in terms of advantages and disadvantages with logical and reasoned proposals included Economic theory applied in order to explain the project’s profitability within the selected market (property type and location). Insight demonstrated with respect to the range of potential and plausible professional and ethical conflicts related to the development project
Clear fail (<30%)

 

Clearly inadequate. Little of coverage seriously addressed. Critical errors (e.g. not referencing to APA Harvard) Clearly inadequate. Little relevant discussion of appropriate research and literature Clearly inadequate. Little or no incorporation of relevant applied economic theory.  Any theory included is descriptive, not applied. Clearly inadequate. Little or no commentary with respect to the importance of professional and ethical considerations.  Critical errors (e.g. the concept of ethics misunderstood or incorrectly applied)
(≥ 30%) Borderline fail (<40%) {Touches on some aspects} Some of coverage met but with critical errors / omissions. Some of coverage met but with critical errors / omissions. Some of coverage met but with critical errors / omissions. Some of coverage met but with critical errors / omissions.
(≥ 40%) Pass (<50%) {Satisfactory engagement} Most of coverage met, with no critical errors / omissions. Most of coverage met, with no critical errors / omissions. Most of coverage met, with no critical errors / omissions. Most of coverage met, with no critical errors / omissions.
(≥ 50%) Good (<60%) {Good – No big slips} All of coverage met, with no major errors / omissions. All of coverage met, with no major critical errors / omissions. All of coverage met, with no major errors / omissions. All of coverage met, with no major errors / omissions.
(≥ 60%) Very Good (<60%) {Very Good – No minor slips} All of coverage met, with only very minor errors / omissions. All of coverage met, with only very minor critical errors / omissions. All of coverage met, with only very minor errors / omissions. All of coverage met, with only very minor errors / omissions.
(≥ 70%) Distinction {Excellent – Joy to read} All of coverage met, with no minor errors / omissions, several aspects substantially exceeded. All of coverage met, with no minor errors / omissions, several aspects substantially exceeded. All of coverage met, with no minor errors / omissions, several aspects substantially exceeded. All of coverage met, with no minor errors / omissions, several aspects substantially exceeded.

To get your Assignment/Homework solutions;

Simply Click ORDER NOW and your paper details. Our support team will review the assignment(s) and assign the right expert whose specialization is same to yours to complete it within your deadline. Our Editor(s) will then review the completed paper (to ensure that it is answered accordingly) before we email you a complete paper

 

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