What sorts of productivity-enhancing reforms we need to maintain the long-term growth and job creation in Australia, especially after the COVID-19 pandemic?

Assignment

Instructions

Due Date: Friday in Week 10, 23 October 2020
Weighting/Value: 15%

Word limit: Must not exceed 1,500 words
Presentation requirements: Students must submit an electronic copy via Moodle Submission. The submission will go through the compliance check.

Please ensure the Turnitin similarity score is lower than 20%; otherwise, your work will be returned, and penalty will apply

As you should be aware, the Moodle Submission has the Turnitin function which will check the similarity of your assignment against a wide range of other writings. Please do you best to ensure the similarity rate is well below 20%; otherwise, your assignment will be returned for rewriting and late lodgement penalty (see below) will apply. In addition, if the revised version still has the similarity score above 20%, the following rule will apply:

• Deduct 0.5 mark (out of 15) for each percentageabove 20% but between 20% to 29%;
• Deduct 0.75 mark (out of 15) for each percentage above 20% but between 30% to 39%;
• Zero mark for the similarity score above 40%

Please check the similarity score before you submit the assignment

To reduce the similarity,

• First and foremost, complete your assignment by yourself and independently;
• Secondly, you should NOT repeat the questions in your assignment tasks. Please be noted, this assignment is not a Q&A, but an essay – so please embed these questions in your essay;
• Thirdly, you may put all references in a separate document to be uploaded separately along with your main text.
• Fourthly, make sure to upload your coversheet via a separate link in Moodle.

You should retain a copy of the work submitted until results are finalised.

Estimated return date: Marked assignments will be returned to students before the final exam.

Please retain the marked assignment until the result is finalised.

Penalties for late lodgement: There is a late submission penalty of 1 mark per day (any fraction of a day)
Assessment coversheet: Work submitted for assessment must be accompanied by a completed copy of the Faculty Cover Sheet which has been signed by the student. No assignment will be accepted or marked if it is not accompanied by a signed Cover Sheet. Your name, I.D. number, and the name of the staff member should be shown on the Cover Sheet.

Assignment cover link: https://www.monash.edu/business/current-students/course-planning-admin- resources-and-advice

Assessment coversheet should be submitted as a SEPERATE document via Moodle Submission; otherwise, you may fail the compliance check.

Additional information: Special Consideration: applications for special consideration for within semester assessment must be submitted to the Chief Examiner no later than two (2) university working days before the assignment due date. Please check eligibility requirements carefully. See http://www.monash.edu.au/exams/special-consideration.html

Criteria for marking:

1. Coherence of argument:

Having a minimum of three (3) references (books or articles from reputable publishers), in addition to the three references mentioned in this paper: 1%

Relevance to the topic: 4%

Logical consistency 4%

2. Originality 3%

3. Presentation(No oral presentation is required. Precision in argument and use of terms, grounding in evidence, and clarity and concision in prose)3%

Citation requirements: Please follow Section 3.2 of Monash University Q Manual for referencing and citation.

Details of task

Read the articles

• “Global productivity is slowing down: Three possible explanations”
• “What’s needed to improve productivity growth”
• “Australian productivity trends and the effect of structural change”

Write an essay to address the following questions:

• What is the difference between the labour productivity and the total factor productivity (TFP)? Why is productivity improvement important for our living standard and well-being?
• What are the current productivity trends in Australia?
• Use your own words to reflect the three reasons for the productivity slowdown in OECD countries?
• Which of these three reasons is more convincing to you? Explain your answer using a real-world example.
• Is there any other reason which might contribute to the productivity slowdown?
• What sorts of productivity-enhancing reforms we need to maintain the long-term growth and job creation in Australia, especially after the COVID-19 pandemic?