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Comparative Human Experience

Prior to beginning work on this assignment, review the instructions for the Week 5 Comparative Human Experience final project. In addition, keep in mind the LIB101 research guide: Library resources and primary sources as a resource that help you in researching your topic and finding primary and secondary sources.

The purpose of this assignment is to prepare you for your final project by guiding you through the research and writing process. To complete this activity, download the required Final Project Preparation Template Download Final Project Preparation Template and fill out each section.

Final project preparation template

To complete the Final Project Preparation Template successfully, use the Week 3 Assignment Help Sheet with Worked Examples Download Week 3 Assignment Help Sheet with Worked Examples.

To complete the template, you will

  • Choose two societies or civilizations that you would like to examine in your final project, including the time periods you will consider.
  • Choose one theme for your analysis of the societies or civilizations.
  • Choose a format to present your analysis.
  • Choose two works from each society (four total) that express your chosen theme (works of history, literature, philosophy, theology, art, architecture, or music) and list them using APA-formatted references. These works are considered primary sources.
  • Choose two scholarly secondary sources, one for each society or civilization, relevant to your chosen theme and list them using APA-formatted references.
  • Provide brief annotations for each source (six total) including a description of its content and relevance to your Final Project.
  • Develop a preliminary introduction for your final project.
  • Develop a preliminary thesis statement for your final project.
  • Outline three topic sentences for each society or civilization to shape the main points of your analysis.
  • Cite at least one source from your reference list to support each topic sentence.
  • List your sources in an APA-formatted references list (two scholarly sources and four primary source works)
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International Trade chapter in your book for a deeper understanding of the Law of Comparative Advantage

CH 21: Comparative Advantage Discussion

You may want to refer to the International Trade chapter in your book for a deeper understanding of the Law of Comparative Advantage.

When we talk about world trade often countries will use the concept of “comparative advantage” and trade to make everyone better off.

1. In your own words, provide an example of the Law of Comparative Advantage that you see/observe in the economy.

2. How is this different than Absolute Advantage?

3. In addition, please provide a REAL “personal”  example of how the Law of Comparative Advantage applies to you individually. (For example, I have a comparative advantage in economics and my accountant has a comparative advantage in accounting.  Therefore, I hire an accountant to do my taxes.  WHY???)  Think outside of the box here…

Please comment on 2 other postings…comment on their explanation and example.  Did it adequately illustrate the concept?  Is this something your professor could use in future classes to explain comparative advantage

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Define absolute and comparative advantage

Primary Discussion Response

Primary Task Response: Within the Discussion Board area, write 300 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

In the Mercantile period, from the 16th through the end of the 18th centuries, trade was driven by a need to accumulate gold and silver. Nations worked to restrict imports and drive exports. With the advent of the Industrial Age, classical economists began to look at trade and international commerce in a different light. In his seminal work The Wealth of Nations, Adam Smith discussed the idea that the basis of trade could be seen in light of what he called absolute advantage. His contemporary, David Ricardo, took a different and modified approach and laid out a framework called comparative advantage. This latter theory is the basis for all modern views of international trade. For this Discussion Board, complete the following:

  • Define absolute and comparative advantage.
  • Compare the two views on trade.
  • How does the concept of opportunity cost factor into comparative advantage?
  • Discuss why you think comparative advantage has become the fundamental and accepted theory of trade. Provide concrete examples

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Reliability of Comparative International Statistics

Questioning: The Reliability of Comparative International Statistics
Information in the early chapters indicates that the U.S. has lower life expectancy than other countries, yet there is known to be considerably more denial of care to the elderly in many developed countries. Discuss your theory to explain this paradox.

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Comparative International Statistics

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International comparative statistics indicate that the life expectancy of people in the United States is lower compared to the life expectancy in other developed countries. This statistics have been disputed on the grounds that the United States offers better healthcare to the elderly compared to other developed countries.  However, this paradox can be understood on the basis of several factors. First, the causes of death are more predominant in the early stages of life in the United States compared to any other developed country. For instance, mortality rates during stages of pregnancy, child bearing as well as early perinatal periods is higher in the United States compared to any other developed country (Avendano & Kawachi, 2014).  Therefore, the healthcare provided to the elderly people within the United States has no impact on the mortality rates during the early stages of life. Consequently this accounts to the overall lower life expectancy in the United States Compared to other developed countries. Moreover, the health disadvantage of the United States greatly originates from childhood and spans throughout the entire lifespan. For instance, the United States has the highest prevalence of traffic injuries, low birth weights as well as HIV incidences (Avendano & Kawachi, 2014). Such health disadvantages often begin at early stages of life and extent through the lifespan. This greatly compromises the overall determination of the life expectancy of Americans in comparison with other developed countries. Moreover………………………………………………………………………………………………

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Set up a Ricardo-type comparative advantage numerical example with two countries and two goods

Set up a Ricardo-type comparative advantage numerical example with two countries and two goods. Distinguish “absolute advantage” from “comparative advantage” in the context of your example. Then select an international terms-or-trade ratio and explain in some detail how trade between the two countries benefits each of them in comparison with autarky. When would either of your countries NOT benefit from engaging in trade? Explain.

write a 2-3 page paper in response to a case study or similar assignment provided by your professor. Student answers are to be clear, well-organized, and specific. Provide a concise, cogent argument and include details to support your response.    

CLO2: Assess comparative advantage and all related concepts such as opportunity costs, cost conditions, and the impact of trade on jobs. Explain how the sources of comparative advantage and related concepts such as economies of scale, theories and effects, and the product life cycle theory. (5-9)

The paper uses at least 8 quality peer reviewed and scholarly resources (nonwebsite based ) and 1 textbook-based resource to support his/her argument.

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Conduct research into each country and produce a comparative analysis of the two countries

Assessment 1 Information
Subject Code: MAN304
Subject Name: Issues in International Business
Assessment Title: International Market Analysis
Assessment Type: Individual Written Report
Word Count: 1500 Words (+/-10%)
Weighting: 35 %
Total Marks: 100
Submission: Via Turnitin
Due Date: Week 5
Your Task
To undertake an individual International Market Analysis by developing a report to apply a range of international business analytical approaches within a global market context.
Assessment Description
To complete this assessment, you will need to select one firm. The firm can be a private or a public company based anywhere in the world.
A good criterion for the choice of a firm is the availability of public information about its products and services, corporate background and market reputation. Be careful in selecting your firm as further analysis of your chosen firm will be carried out in Assessment 3. You should discuss your choice of firm with your lecturer. Do this early and consult with your lecturer about the firm if in doubt.
You are required to select two (2) countries (Country A and Country B) as potential destinations for the firm to conduct its international business operations. You can choose, any two countries other than the country of origin of the firm. The firm must not have any existing operations in either of the countries you select.
The purpose is to develop a report with recommendations to be presented to the Board of Directors of your chosen firm.
1. Conduct research into each country and produce a comparative analysis of the two countries. The headings below are an indication of the type of information you may need to be able to collect and use:
a. The ease with which international firms report being able to do business in each country. You can find information about this from a range of sources including business news, official government websites or other online and offline sources.
b. Gross Domestic Product (GDP), Inflation Rate, Interest Rates
c. Education levels and the labour force skills available
d. Current interest rates
e. Current value of the local currency against the United States (US) dollar
f. Employment rate and average income per person per year
2. Use the following headings in developing your report.
a. Introduction to your chosen firm and its background
b. What are the commercial implications for your firm wishing to engage in an international business venture?
c. Provide an overview of products or services that your firm is seeking to use to expand into the two new countries that you have selected (their entry strategies).
d. What are the key factors/reasons that support the introduction of these new products/services and why do you think that their introduction will be successful.
Page 1 Kaplan Business School Assessment Outline

e. Make a clear recommendation to the Board of Directors of your firm about which country they should consider opening up a new market in and the product/service.
3. The analysis does not require an executive summary.
Assessment Instructions
You must Submit via Turnitin as a “WORD” document
Please remember that you will need to cite the sources you used, so you are required to reference at least 5 sources of information. These may include corporate websites, government publications, industry reports, census data, journal articles, newspaper articles, and textbook material. In referencing sources, you must apply Harvard Referencing Style to your in-text citations and consequently to the reference list.
Please refer to the Assessment Marking Guide to assist you in completing all the assessment criteria.
Important Study Information Academic Integrity Policy
KBS values academic integrity. All students must understand the meaning and consequences of cheating, plagiarism and other academic offences under the Academic Integrity and Conduct Policy.
What is academic integrity and misconduct?
What are the penalties for academic misconduct?
What are the late penalties? How can I appeal my grade?
Click here for answers to these questions:
http://www.kbs.edu.au/current-students/student-policies/.
Word Limits for Written Assessments
Submissions that exceed the word limit by more than 10% will cease to be marked from the point at which that limit is exceeded.
Study Assistance
Students may seek study assistance from their local Academic Learning Advisor or refer to the resources on the MyKBS Academic Success Centre page. Click here for this information.

Assessment Marking Guide
Criteria Value (Marks) NN (Fail)
0 – 49 P (Pass)
50 – 64 CR (Credit)
65 – 74 DN (Distinction)
75 – 84 HD (High Distinction)
85 – 100
Analysis of Identified International Issues 10 Your analysis lacks depth, and your interpretation is not relevant to the assessment criteria. You briefly analyse some of the issues and your interpretation is not always relevant to the assessment criteria. You analyse most of the issues and your interpretation is well structured. You analyse and interpret issues thoroughly. You analyse and interpret the issues articulately and convincingly.
Recommendations 10 The quality of your recommendations is poor and/or incoherent. You have drawn some useful recommendations although a more comprehensive analysis of the case study would have been helpful. You have drawn mostly useful
recommendations. You have drawn varied, well-researched and compelling recommendations. You have drawn dynamic, comprehensive and convincing recommendations.
Research 10 Your research lacks focus because of an unsuitable choice of sources. You have selected some appropriate scholarly sources. Better use of quality sources would help focus your research. Your research is focused, drawn from an appropriate range of scholarly sources. It is obvious that your research is focused, complemented by a quality selection and range of scholarly sources. It is clearly obvious that your research is extensive and focused, complemented by a quality selection and range of scholarly sources.
Academic Writing 5 Spelling, grammar and presentation/or grammar is consistently incorrect. In-text referencing and/or reference list is mostly incorrect or non-existent. Spelling, grammar and presentation have numerous errors.
In-text referencing and/or reference list is obvious but there are major errors. Spelling, grammar and presentation have numerous errors. In-text referencing and/or reference list has only minor errors throughout Errors in grammar and spelling are rare and professionally presented. In-text referencing and the resultant reference list is correct, with only the occasional error. Correct grammar and spelling throughout the analysis with no obvious errors.
In-text referencing and the resultant reference list is correct, with no errors.