SBM1203 | Project Economics and Finance Assessment Information | Economics

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3.1       Assessment Overview

The assessment in this Unit has 4 components as listed below:


Assessment Tasks and Description








Due Week 3


Calculation questions for half an





hour (max 3 questions)








Due Week 6















Due Week 11

Applied project

Case project submission























Due End of


























Full details of all assessment tasks for this unit of study (including detailed marking criteria) can be found in Appendix A of this document.

3.2       Assessment Principles and Practice

The following principles and practice inform the design, development and implementation of assessment at APIC:

  • Assessment is fair and valid;
  • Assessment is marked against clearly-defined criteria;
  • Assessment processes provide timely feedback to students to improve their understanding and subsequent performance;
  • Assessment is designed to the appropriate level for the course;
  • Assessment provides opportunities for students to apply and demonstrate their learning in a variety of ways, including both individually and working in groups.

Group assignments provide a platform of authentic assessment that highlights best practice and enhances the development of collaborative skills. The assessment focus is around the process of working in groups for purposes including:

  • Collaboration and cooperation;
  • Analysis of the task for the purpose of assigning responsibility for its components;
  • Incorporating elements of leadership, teamwork, delegation and coordination;
  • and presentation of group reports, which may be supplemented by individual component reports;
  • Understanding and evaluating the challenges that arise in collaborative work, and formulating techniques to manage them.

Students are expected to undertake all assessment with due regard to the APIC Academic Integrity Policy (see Section 4, Policies).

3.3       Submitting assessments

All written assessments are to be submitted via the Unit site on the Online Learning System (OLS) by the due date and time given in the Assessment Overview. Unit lecturers will provide instructions and in-class demonstration of the submission process prior to the due date for the first assessment in the Unit. Students who experience technical issues when attempting to submit their assignment via the OLS should immediately contact technical support or the website for assistance (see Section 5.2, Technical Support).

Vivas, examinations and presentations must be attended as scheduled, unless by prior arrangement due to exceptional circumstances (see Section 4, Policies). Non-attendance at a scheduled assessment may result in a Fail grade for the assessment piece, and may impact students’ overall grade in the Unit.

3.4       Late submission of assessments

Written assessments that are submitted after the due date and time published in this Unit of Study Guide will receive a penalty of 10% of the maximum available mark per working day. Exceptions to this will only be granted where a student has requested and been granted an extension to the assignment due date in advance, or where an application for Special Consideration has been granted (see Section 4, Policies).

3.5       Receiving marks for assessments

Students will normally be notified of marks for individual assignments via the OLS. All student results for an individual assessment item will be released concurrently.

Marks will normally be returned within two weeks of the assessment being submitted. Students will be notified if there is to be a delay to the release of marks for an assignment.

3.6       Changes to assessments

Other than in exceptional circumstances, no changes should be made to the assessment profile published in this Unit of Study Guide after the end of Week 1 in any teaching period. If after this time it becomes necessary to make changes to an assessment, any modifications must be:

  • made in consultation with students;
  • communicated to all students in writing by the Unit Coordinator; and
  • approved by the Dean.

3.7       Assessment moderation

Pre- and post-assessment moderation is a quality assurance process for ensuring appropriate assessment and the consistent marking and grading of student work. APIC does not define the proportion of marks and/ or grades that lie within pre-determined bands.

Moderation may occur:

  • before marking individual assessment tasks (pre-assessment) to ensure markers have a shared understanding of the relevant criteria and standards; and
  • after marking individual assessment tasks and before the release of marks to students (post-assessment) to ensure markers have applied the relevant criteria and standards consistently.

3.8      Appeals against assignment marks

Appeals against the mark(s) awarded for an assessment task will only be considered on the grounds that:

  • a Unit of Study Guide was not provided for the unit;
  • the assessment requirements as specified in the Unit of Study Guide were varied without the approval of the Dean and without written notification to students;
  • assessment requirements specified in the Unit of Study Guide were unreasonably or prejudicially applied to the student;
  • the student believes that a clerical error has occurred in the computation of the mark; or
  • due regard has not been paid to an approved application for Special Consideration.

Requests for re-marking must be made in writing to the Unit Coordinator within 2 weeks of the results for the assignment being released.

The assignment will be re-marked by an academic staff member other than the person who did the original marking. Re-marking may result in the original mark being confirmed, or the student being awarded a higher or lower mark than originally awarded.

  1. Policies

4.1       Academic Integrity and Professional Standards

Plagiarism is the inclusion of another person’s work within your submission without acknowledgment or permission. While limited amounts of information and concepts expressed by others may be included as part of your work, each inclusion must be identified by appropriate referencing and acknowledgement to the original author. Plagiarism is regarded as a form of cheating. The penalties associated with misconduct are severe, and plagiarism may result in failure or variation of grade in the Unit.

4.2       Other Relevant Policies, Procedures and Forms

The following documents contain important information relevant to all aspects of studying at APIC:


  • Assessment Policy
  • Academic Progress Policy
  • Attendance Policy
  • Examination Policy
  • Recognition of Prior Learning Policy
  • Student Code of Conduct
  • Student Grievance and Appeals Policy
  • APIC General Regulations


  • Application for Special Consideration
  • Application to Reduce Study Load or Overload


  1. Student Support

5.1      Academic and Learning Support

Students’ first point of contact for academic support is their tutor or lecturer. Contact details for relevant staff are provided in the Unit Overview, Section 1 of this Unit of Study Guide.

Students will be advised in class of the consultation hours for this Unit and the best means for contacting individual teaching staff.

APIC also provides a range of workshops and tutorials to support students with study skills, academic writing and English language learning. These services are open to all APIC students free of charge. Students may access these services either by referral from a lecturer or tutor, or by speaking directly to a member of staff at their campus reception desk.


5.2      Technical Support

APIC provides a 24/7/365 OLS technical support service to its staff and students. To access this service please call 1800 906 098 and select option 1 for students.

The technical team will take a step-by-step approach to resolve queries, and will automatically escalate unresolved tickets to a local APIC OLS administrator.

We aim to resolve any technical issue within 48 hours of the issue being reported.


5.3      Student Services Support

Students who feel overwhelmed by their studies or living in a new country are strongly encouraged to make an appointment to see the Welfare and Engagement Officer at their campus. APIC’s Welfare and Engagement Service provides free confidential support and personalised assistance to help students to manage their personal issues and help develop strategies to concentrate on their studies and get more out of their APIC experience.

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