The Implementation, Impact, and Future Trajectory of Monetary Policy in Australia and the Challenges Faced by Credit Rating
2024/3/13 11:55 Assessment Task 2: Individual Research Report This course is delivered in the Asia/Singapore time zone. We’ve noticed that your user profile is currently set to the Australia/Melbourne time zone. Please keep in mind that Canvas will display course dates and times to you as per your current user profile time zone. If you’d like to review or change these settings please do so in your profile settings. (https://rmit.instructure.com/profile/settings) Assessment Task 2: Individual Research Report Start Assignment Due 22 Mar by 23:59 Points 100 Submitting a text entry box or a file upload Assessment Task 2: Individual Research Report Type: Report Length: 3000 words (+/- 10%) Weighting: 40% Due date: Friday, 22 March 2024, 11:59pm, (Singapore time) – Week 9 Overview You are required to write a two-part report that responds to questions posed in 2 individual case studies that apply knowledge and skills to key themes that have been introduced through the lectures, readings and workshops. The purpose of this assessment is for you to understand the dynamics of key issues impacting on a particular segment of the money and debt markets, provide a prognosis of the likely direction for this issue into the future and provide a solution to this problem. Learning Outcomes This assessment is relevant to the following course learning outcomes: CLO1: Explore and evaluate various fixed income securities and their respective markets CLO2: Apply finance theories and tools to value different types of fixed income and money market securities. CLO3: Analyse the impact of monetary policy on debt markets and conduct credit risk analysis. CLO4: Develop practical risk management techniques. Assessment details The report is to be written for the Manager of the financial institution where you have recently been employed as a graduate trainee. The Manager has asked you to prepare two short reports on issues that affect the day-to-day operation of the business and require the business to understand the impact of this issue. The response to the case study should include a both peer-reviewed academic and non-academic articles as well as financial institutions publications and research. The following structure is required for each case study for your report: Statement of problem or issue Interpretation and critical analysis Results of the research/recommendations Reference list The following specific questions will need to be addressed in each case study Case Study 1: Monetary policy What are the objectives of monetary policy in Australia? How does the Reserve Bank of Australia deliver changes in monetary policy? What indicators does the Reserve bank use to make policy decisions about the setting of monetary policy? Recommendation: What is the future direction for monetary policy? Case Study 2: Credit Ratings Agencies (CRA) What issues emerged for the CRA’s during the Global Financial Crisis? https://rmit.instructure.com/courses/132920/assignments/897667 1/5 2024/3/13 11:55 Assessment Task 2: Individual Research Report What are conflicts of interest, when might these conflicts of interest arise for CRA’s and how might they mitigate these risks? Discuss the effectiveness of the mitigants. Recommendation: What role will regulators play in the future with surveillance of conflicts of interest? Note: The main guidance for the assignment comes from topics and themes in the lectures, readings and workshops. Students will gain insights into completing this assignments by attending all workshops. Use of tables and figures is encouraged. When using tables and figures remember to label them and reference and discuss their content in the text. Detailed analysis can be contained in tables and appendices in preference to the main text. Assessment Criteria This assessment will measure the following criteria per case study: Statement of problem or issue Interpretation and critical analysis Results of the research/recommendations Submission Format The assessment will be submitted in Canvas as a file upload. The accepted format will be .pdf, .doc, .docx Questions? If you have any questions, check the discussion board (https://rmit.instructure.com/courses/132920/discussion_topics/2217135) see if they have already been answered. If not post your question or alternatively ask your teacher in your workshops. Referencing guidelines Use RMIT Harvard (https://www.rmit.edu.au/library/study/referencing/referencing-guides-for-printing) referencing style for this assessment. You must acknowledge all the courses of information you have used in your assessments. Refer to the RMIT Easy Cite (https://www.lib.rmit.edu.au/easy-cite/) referencing tool to see examples and tips on how to reference in the appropriated style. You can also refer to the library referencing page for more tools such as EndNote, referencing tutorials and referencing guides for printing. Academic integrity and plagiarism Academic integrity (https://www.rmit.edu.au/students/student-essentials/assessment-and-results/academic-integrity) is about honest presentation of your academic work. It means acknowledging the work of others while developing your own insights, knowledge and ideas. You should take extreme care that you have: Acknowledged words, data, diagrams, models, frameworks and/or ideas of others you have quoted (i.e. directly copied), summarised, paraphrased, discussed or mentioned in your assessment through the appropriate referencing methods Provided a reference list of the publication details so your reader can locate the source if necessary. This includes material taken from Internet sites If you do not acknowledge the sources of your material, you may be accused of plagiarism because you have passed off the work and ideas of another person without appropriate referencing, as if they were your own. RMIT University treats plagiarism as a very serious offence constituting misconduct. Plagiarism covers a variety of inappropriate behaviours, including: Failure to properly document a source Copyright material from the internet or databases Collusion between students For further information on our policies and procedures, please refer to the University website (https://www.rmit.edu.au/students/student- essentials/assessment-and-results/academic-integrity) . Assessment declaration When you submit work electronically, you agree to the assessment declaration (https://www.rmit.edu.au/students/student- essentials/assessment-and-results/how-to-submit-your-assessments) . Other detail https://rmit.instructure.com/courses/132920/assignments/897667 2/5 2024/3/13 11:55 Assessment Task 2: Individual Research Report Students MUST double-check and confirm that they have completed/uploaded the correct assessment task. Students who upload the wrong task, or an incomplete file, will be penalized accordingly (i.e., what they upload will be assessed or any late submissions that flow from their error will have marks deducted in accordance with the course guide requirements). Assessment extensions Students are entitled to seek extensions to their prescribed due dates, up to 7 days, when unexpected circumstances impede your progress. Full details on the extension process are available here (https://www.rmit.edu.au/students/my-course/assessment-results/special-considerationextensions/extensions) . If you are seeking an extension of seven (7) calendar days or less (from the original due date), you must apply and submit the request by at least one (1) working day before the assessment deadline using Assessment Extensions (https://rmit.instructure.com/courses/132920/external_tools/132366) . This assessment task is due on Friday 22 March, 2024 by 11:59pm Singapore time therefore any assessment extensions must be submitted using the Assessment Extension tool by Wednesday 20 March, 2024 by 11:59pm Singapore time. If you need an extension of time beyond seven (7) days or if you have missed the one (1) working day requirement to submit this request, you should apply for SPECIAL CONSIDERATION https://www.rmit.edu.au/students/student-essentials/assessment-and-results/special-consideration. Assessment Task 2: Individual Research Report https://rmit.instructure.com/courses/132920/assignments/897667 3/5 2024/3/13 11:55 Assessment Task 2: Individual Research Report Criteria Ratings Pts Case Study 1: Statement of problem or issue 15 to >12.0 Pts HD 12 to >10.5 Pts DI 10.5 to >9.0 Pts CR 9 to >7.5 Pts PA 7.5 to >0.0 Pts NN 0 Pts DNS Monetary policy Case Study Identifies and demonstrates Identifies and demonstrates Identifies and demonstrates Identifies and demonstrates Identifies and demonstrates Did no submit. understanding of all the main issues in the case study and extends their understanding of all the main issues evident in the case understanding of most of the main issues evident in understanding of some of the issues in the understanding of very few of the main issues in the analysis to identify and justify issues and study. the case study. case study. case study. 15 pts problems beyond the expected main issues. Case Study 1: Interpretation and critical 20 to >16.0 Pts HD 16 to >14.0 Pts DI 14 to >12.0 Pts CR 12 to >10.0 Pts PA 10 to >0.0 Pts NN 0 Pts DNS Demonstrates excellent knowledge Demonstrates substantial Demonstrates some knowledge of Demonstrates little knowledge of Demonstrates only limited or no Did no submit. of relevant context. knowledge of relevant context. relevant context. relevant context. knowledge of relevant context. 10 to >8.0 Pts HD 8 to >7.0 Pts DI 7 to >6.0 Pts CR 6 to >5.0 Pts PA 5 to >0.0 Pts NN 0 Pts DNS Shows advanced thinking in providing Solution/hypotheses considers limited Solution/hypotheses considers limited Solution/hypotheses considers some but Solution/hypotheses considers a limited Did no submit. Proposes hypotheses/solutions to challenge assumptions solution/hypotheses. Considers history of problem, reviews history of problem, reviews logic/reasoning history of problem, with gaps in logic/reasoning. not all of the following factors: history of problem, number of factors: history of problem, reviews and contestable perspectives. logic/reasoning, examines feasibility however may have gaps. Solution/hypothesis reviews feasibility of reviews logic/reasoning, logic/reasoning, examines feasibility of solution, and weighs impacts of solution(s). Solution/hypotheses examines feasibility of solution, and solution, and considers someimpacts of examines feasibility of solution, and weighs impacts of of solution, and fails to weigh the impact of solution(s). addresses some impacts of solution(s). solution(s). solution(s). analysis (#AoL 6a Critically Engaged) Demonstrates an ability to appraise and define problems in different 20 pts contexts. Case Study 1: Results of the research/recommendations (#AoL 3a Adaptive) 10 pts Case Study 2: Statement of problem or issue 15 to >12.0 Pts HD 12 to >10.5 Pts DI 10.5 to >9.0 Pts CR 9 to >7.5 Pts PA 7.5 to >0.0 Pts NN 0 Pts DNS Credit Ratings Agencies (CRA) Case Study Identifies and demonstrates Identifies and demonstrates Identifies and demonstrates Identifies and demonstrates Identifies and demonstrates Did no submit. understanding of all the main issues in the case study and extends their understanding of all the main issues evident in the case understanding of most of the main issues evident in understanding of some of the issues in the understanding of very few of the main issues in the analysis to identify and justify issues and study. the case study. case study. case study. 15 pts problems beyond the expected main issues. Case Study 2: Interpretation and critical analysis (#AoL 6a Critically Engaged) Demonstrates an ability to appraise and define problems in different 20 to >16.0 Pts HD 16 to >14.0 Pts DI 14 to >12.0 Pts CR 12 to >10.0 Pts PA 10 to >0.0 Pts NN 0 Pts DNS Demonstrates excellent knowledge Demonstrates substantial Demonstrates some knowledge of Demonstrates little knowledge of Demonstrates only limited or no Did no submit. of relevant context. knowledge of relevant context. relevant context. relevant context. knowledge of relevant context. 10 to >8.0 Pts HD 8 to >7.0 Pts DI 7 to >6.0 Pts CR 6 to >5.0 Pts PA 5 to >0.0 Pts NN 0 Pts DNS Shows advanced thinking in providing Solution/hypotheses considers limited Solution/hypotheses considers limited Solution/hypotheses considers some but Solution/hypotheses considers a limited Did no submit. solution/hypotheses. Considers history of problem, reviews history of problem, reviews logic/reasoning history of problem, with gaps in logic/reasoning. not all of the following factors: history of problem, number of factors: history of problem, reviews 20 pts contexts. Case Study 2: Results of the research/recommendations (#AoL 3a Adaptive) Proposes hypotheses/solutions to challenge assumptions https://rmit.instructure.com/courses/132920/assignments/897667 10 pts 4/5 2024/3/13 11:55 Assessment Task 2: Individual Research Report Criteria and contestable perspectives. Ratings Pts logic/reasoning, examines feasibility of solution, and however may have gaps. Solution/hypotheses Solution/hypothesis reviews feasibility of solution, and reviews logic/reasoning, examines feasibility logic/reasoning, examines feasibility of solution, and fails weighs impacts of solution(s). examines feasibility of solution, and addresses some considers someimpacts of solution(s). of solution, and weighs impacts of solution(s). to weigh the impact of solution(s). impacts of solution(s). Compliance with report requirements (#AoL 2a Connected) 10 to >8.0 Pts HD 8 to >7.0 Pts DI 7 to >6.0 Pts CR 6 to >5.0 Pts PA 5 to >0.0 Pts NN 0 Pts DNS Meaning is clearly and Meaning is Meaning is Meaning is Meaning is Did no Demonstrates an ability to effectively exchange information and shape effectively communicated through consistent and communicated clearly through consistent use of generally made clear through mostly correct and generally made clear through adequate and impeded through frequent use of informal language submit. ideas through the written word. sophisticated use of academic or academic style, unambiguous appropriate formal academic style, appropriate formal academic style, and errors in grammar, appropriate style, unambiguous language and correct language and correct and appropriate grammar, grammar, vocabulary, punctuation and grammar, vocabulary, punctuation and vocabulary, punctuation and spelling. Not and appropriate grammar, vocabulary, vocabulary, punctuation and spelling for the intended spelling for the intended audience; suitable for the intended punctuation and spelling for the intended audience. spelling for the intended audience. audience. some lapses causing lack of clarity. audience. 10 pts Total points: 100 https://rmit.instructure.com/courses/132920/assignments/897667 5/5
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