Law essay

 

Assessment Instructions

Question: You are required to write an essay up to 2,000 words to answer the following question:

Did the Fed’s Large-Scale Asset Purchases (LSAPs) succeed in bringing down U.S. long-term interest rates?

Reference for getting started:

Williams, J. C. (2011) “Unconventional monetary policy: lessons from the past three years,” Speech 92, Federal Reserve Bank of San Francisco.

The submission deadline for the essay 2.00pm Tuesday 1 December 2020

Guidance

The question is whether the LSAPs were successful in bringing down long-term U.S. interest rates. You could start by defining the LSAPs and explaining the reasons why they were implemented during the crisis. Then you should answer the question clearly and provide plenty of evidence from various financial markets, such as Treasury bond market, corporate bond market and mortgage-backed security market to support your claim. When presenting evidence, you could briefly explain the methodologies used in different empirical studies to show in-depth knowledge of the literature. Finally, you should explain why the LSAPs succeeded or failed in bringing down U.S. long-term interest rates, focusing on the channels through which the LSAPs were supposed to work.

Marking Criteria

In general, the marks awarded for the essay will be determined on the basis of the following criteria:

70% – 100%      An outstanding piece of work. The topic has been well researched and the material presented is well organised. Relevant concepts and models are used and explained well. The essay demonstrates an ability to analyse issues well. Good spelling. Factually accurate. The supporting pieces of evidence are relevant and their significance is explained well. Clear evidence in conducting independent reading and research. Good presentation. Clear and intelligible English.

60% – 69%        Although some of the criteria for a higher mark are met, the essay contains some important errors and/or omissions. The essay lacks clarity or contains some inaccuracies.

50% – 59%        A generally good piece of work, but with some factual inaccuracies, inadequate examples, poor analysis and/or lack of clarity, or misuse of technical terms.

40% – 49%        The essay contains numerous inaccuracies. The examples used are inappropriate or inadequate. Important issues, concepts or models are not discussed. The relevance of the supporting evidence is not explained adequately.

0% – 39%          Non submission. No serious attempt has been made to produce a passable essay.

In particular, the following marking grid will be used in marking.

1. Shown evidence of understanding the theories of term structure of interest rates. 30%
2. Demonstrated the ability to apply this understanding to explaining the impact of the LSAPs on the long-term interest rates in the U.S. 40%
3. Supported the analysis with data and other relevant statistics. 10%
4. Demonstrated reflective use of relevant literature and correct citation. 10%
5. Written clearly and concisely (and within the word limit). 10%

 

Formative feedback and support during the module

Detailed marking criteria will be provided/discussed in our second writing skills workshop scheduled a few week before your submission deadline. The date, time and venue of this session will be advertised through email and Blacboard in due course.

More information on this can be found in the module handbook on Blackboard.

If anything remains unclear, you can always contact me for advice.

Formatting

Please use the following file format(s): Word, PDF. We cannot ensure that other formats are compatible with markers’ software and cannot guarantee to mark incorrect formats.

All work should be word processed in 12-point font Times New Roman or Arial and single spaced.

The first page of your coursework must include:

  • Your student number
  • The module name and number
  • Your word count
  • The coursework questions.

 

Word Limit

The maximum word limit for this coursework is 2000 words.

  • There is no +/- 10% on word count and anything after the maximum word count will not be marked, in line with UWE Bristol’s Word Count Policy.
  • In line with UWE policy, this word count includes everything in the main body of the text (including headings, tables, citations, quotes, lists, etc.).
  • The references, bibliography and footnotes (provided footnotes only include references) are NOT included in this word count.

Referencing and Assessment Offences

Please ensure you reference all sources used when developing your assessment, using the UWE Harvard. Failure to properly reference your work to original source material can be grounds for the assessment offence of plagiarism and may result in failure of the assessment or more serious implications. Further guidance on correct referencing is available on UWE’s Study Skills referencing pages.

UWE’s Assessment Offences Policy outlines potential offences and it is your responsibility to understand this policy and avoid potential offences. Details of what constitutes plagiarism and how to avoid it can be found on UWE’s Study Skills pages about avoiding plagiarism.

Text-matching software (e.g. SafeAssign) is used to check every submission against other submissions made at the same time, previous submissions to UWE and other universities, and internet sources. We may also manually search for matches. When submitting your work, you will be required to confirm that the work is your own.

It is an assessment offence to:

  • copy work from any source, including your own previous assessments, and present it as your own work for this assessment, or to provide your own work to others
  • to work with others on the assessment in any way, or for anyone to make amends on your work (including proofreaders, who may highlight issues but not edit the work)
  • change individual words but keep, essentially, the same sentences and/or structures from other sources: this will be detected by text-matching software. Please write in your own words and style to convey your own learning.

Instructions for submission

You must submit your assignment before the stated deadline by electronic submission through Blackboard. Notification that the electronic submission portal is open for your assignment is displayed (usually two weeks before the submission date) in the Coursework tab in myUWE, the Coursework tab in Blackboard and via an announcement in the Blackboard course.

Please allow sufficient time to upload your assignment, as the system becomes busier and slower as the deadline approaches. Only your final upload will be counted. Ensure all your information is submitted at one attempt to avoid overwriting your intended submission. Always check and retain your receipts.

Late submission in the 24 hours following the deadline will be accepted but the assignment mark will be capped at a pass. Submissions after 24 hours will not be accepted. For full guidance on online submission through Blackboard, see UWE’s Academic Advice pages on Assignments.

Submissions of coursework by any other method (including a paper copy, on disk or by email) are NOT permissible for this module unless specifically agreed in advance of the submission date.

Before submitting your work, please ensure that:

  • You have proof read you work thoroughly to ensure your work is presented appropriately
  • You have addressed all the required elements of the assessment
  • You have referenced in accordance with the guidance provided
  • You have addressed each of the marking criterion
  • The submission is in the correct format

Final feedback and marks release

Students will normally receive marks and feedback on their submission within 20 working days of the submission deadline (not including public holidays or university closure days). Any delay in returning students’ work will be communicated by the module leader via Blackboard.

Feedback on this module is not limited to the written comments you will receive on individual written assessment submissions.

Feedback and marks for this module will be available by 4 Jan 2021. For further guidance on feedback, please refer to the module handbook.

Further guidance and support

There are a number of sources of support to improve your study skills, including:

 

Specific study skills pages relating to this module include:

 

For further guidance on UWE assessment regulations and terminology see UWE’s Academic Advice pages.

 

Personal Circumstances

If you are experiencing difficulties in completing a piece of assessment on time due to unexpected circumstances (for example illness, accident, bereavement), seek advice from a Student Support Adviser at the earliest opportunity. Appointments can be made via an Information Point or online via the Student Support Pages.

Student Support Advisers can advise as to whether you should submit an application for ‘Personal Circumstances (PCs)’, how to do so and what evidence is required to support the application. Further details on PCs can be found on the Student Support Pages.

The module leader cannot grant personal circumstances or extensions.