Minimum Wage

Assessment Event Details

ASSESSMENT 1 - ESSAY

Due Date: | Week 5: Wednesday 3 April 2013; 12 noon |

Weighting: | 25% |

Type: | Individual |

Length: | Maximum of 1000 words |

Submission: | Electronic submission via AUTonline and Turnitin |

Requirements: | “A bid to raise the country's minimum wage has failed. A Private Member's Billfrom Labour MP David Clark was defeated 61 votes to 59 at its first reading in Parliament last night. Clark's bill was to increase the minimum wage from$13.50 to $15 an hour by March 31, 2013. Clark said the "working poor" could not earn a living on the current minimum wage” (One News, 2012).One News. 2012. Minimum wage bill defeated in Parliament. Retrieved from: http://tvnz.co.nz/national-news/minimum-wage-bill-defeated-in-parliament- 5094797 16 January 2013Read the above abstract.Explain by using relevant economic theory and concepts (from weeks 1, 2, 3 and your own additional authoritative sources) how an increase in the overall minimum wage might affect the New Zealand economy. Make sure you give consideration to how different segments of the working age population such as youth vs. adults; male vs. females and skilled vs. unskilled might be affected. |

Programme Learning Goals: | This assessment is covering the following Programme Learning Goals: * Be critical enquirers and problem solvers * Be effective communicators (written and oral) |

Paper Learning Outcomes: | This assessment event measures paper learning outcomes: * Apply demand and supply theory to the behaviour of markets and their participants |

Bachelor of Business Semester 1 2013 Essay Marking Criteria

Overall Grade Day(s) late

Stream:_ Student Name: Student ID:_

Learning goal 3: Be critical enquirers and problem solvers | Indicators of ACHIEVED WITH DISTINCTION | Indicators of ACHIEVED WITH MERIT | Indicators of ACHIEVED | Indicators of NOT ACHIEVED |

Undertake an analysis of a situation and provide a problem statement |...