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ECON7200
Essay
Deadline: Monday 9 May 2023 16:00
Write an essay between 800 and 1200 words (excluding references), consisting of three tasks:
1. Read and summarize “From Efficient Markets Theory to Behavioral Finance” (Robert
Shiller, Journal of Economic Perspectives, 2003). (Approximately in 100 to 200 words)
2. What is your opinion on why traders continue to trade in a financial market where
making profits is not expected if the efficient market hypothesis holds? Elaborate on your
opinion. (Approximately in 200 to 300 words)
3. How much do you agree with the idea that financial markets are efficient? Use examples
to illustrate your point of view by conducting research on such examples. You may also
include an example of markets outside of finance where you think the efficient market
hypothesis applies. You must provide reference that you have used in your essay.
(Approximately in 500 to 700 words)
General Guideline: The essay should start with the introduction, main body and the conclusion.
Make sure that in your essay, all the three tasks are carried out.
Criteria and Marking:
The total mark for this assignment is 20, which consists of the following criteria:
• Article summary (3 marks)
• Discussion of your opinion in task 2
(4 marks)
• Discussion of your opinion in task 3
(6 marks)
• Structure (4 marks)
• Presentation (1 marks)
• Reference (2 marks)
In the Writing Quality criterion, your writing style, essay flow and grammar/spelling will be
examined. The Presentation criterion includes various details such as document format,
identification and compliance of word limit. In addition, there are some general points to consider:
• Your essay must have a cover page detailing your ID and word count.
• Remember to give a total word count (excluding references) on the cover page.
• You cannot use any bullet points in explanation or summary.
• Any reference style is allowed, but it must be consistent (i.e. same style throughout the
essay).
• You cannot cite Wikipedia or Investopedia.
• If graphs/figures are used, remember to quote the source.
• Use academic writing style and not creative writing style.
• Do not plagiarize! It will be dealt with very seriously in UQ and is simply not worth trying.
• As described in the ECP, this task evaluates student's abilities, skills and knowledge without
the aid of Artificial Intelligence (AI). The use of AI technologies to develop responses is
strictly prohibited and may constitute student misconduct under the Student Code of Conduct.
Submission:
Each student should submit a Word or PDF file through the Turnitin link on the Blackboard course
website. Submission through email will not be accepted. All submissions will be run through the
Turnitin anti-plagiarism software.