ECON7241 Managerial Economics IID
Question:
Executive Briefing Paper
Description
You will develop an Executive Briefing Paper for the CEO and Board to identify how your firm/organisation can use and analyse economic data to improve performance. This paper will be a short, but detailed, technical paper highlighting the benefits and costs of incorporating economic data and analysis that will be relevant to the future success of your firm/organisation. This proposal to the CEO and Board will demonstrate future economic analysis that will be undertaken within your firm/organisation. You should reference Module 1 and Module 2 topics covered in the course, and incorporate topics that are relevant to your firm/organisation and industry.
Purpose
The purpose of this assessment is to demonstrate how application of critical economic tools and analysis can improve organisational performance.
Outcomes
This assessment maps to the following course learning outcomes:
CLO1 Investigate how managers pursue organisational goals, constrained by limited financial and other resources.
CLO2 Critically apply key economic theories and concepts to the management of an organisation.
CLO3 Evaluate how key economic data can be applied to achieve organisational objectives. Requirements This assessment will be written using a briefing paper format. This format will include a Summary, Background, Key considerations,Recommendations, and Implementation sections to the paper. The paper will be submitted through MyUni/Canvas as a text document (doc, docx, pdf), and will be.
Structure
• Name of author/sponsor
• Title of briefing paper
• Summary of briefing paper (no more than a couple of sentences to identify what the paper will recommend)
• Background/Introduction (what is the rationale and purpose of the briefing paper, why it is being done and what is the context?)
• Key considerations:
o Economic/financial considerations (should be framed in an economic context)
o Governance/risk considerations (should be framed as to how it will impact governance, and any changes in risk to the firm/organisation).
Marking criteria
Your briefing paper will be assessed using the following assessment rubric. Please consult this rubric when preparing your submission.
