Meat Standards Australia (MSA) is a meat grading system designed to predict eating quality. Write a 2,000 word essay based on the following:
(i) describe the MSA grading system;
(ii) identify and discuss the advantages and disadvantages of the MSA grading system; and
(iii) explain how the MSA grading system improves market efficiency.
This assignment requires a certain amount of research. It requires you to read and understand relevant literature from the readings provided and other sources you may wish to consult. Relevant unit materials are Topic 5. The essay should comprise an Introduction, Main Body and Conclusion. Part (i) will form the basis of the Introduction and should clearly enunciate the rationale for the development and implementation of the MSA system. Parts (ii) and (iii) will comprise the Main Body of the essay. The conclusion should summarise the main findings and key conclusions of your essay.
The word limit excludes figures, tables and references. Please adhere strictly to the word limit. Word length in excess of the word limit will not be read and will not contribute to the assignment mark.
Please observe the following referencing and presentation guidelines.
Referencing:
Chicago Author-Date (note that this referencing style requires the inclusion of page numbers consulted for in-text referencing).
https://www.une.edu.au/current-students/resources/academic-skills/referencing
Presentation:
? a margin of 3 cm on the left hand side
? one and a half or double spaced in 12 point times new Roman
? A4 paper.
? include tables, figures and diagrams in the essay (not as an appendix)
? list of references
Guide to Marking
Introduction
? description of the MSA grading system
? rationale for the development and implementation of the MSA system
15%
Main Body
? advantages and disadvantages of the MSA grading system
? explanation of how the MSA grading system improves market efficiency.
60%
Conclusion
? main findings
? key conclusions
10%
Presentation
? structure
? clarity of expression
? spelling
? punctuation and grammar
? referencing
15%
Total
100%
Assignments will be rewarded that have a clear and logical structure, careful expression, and exhibit evidence of clear economic understanding. Any statements, claims or assertions should be supported by properly referenced sources. Don't make statements that rely on 'general knowledge' or assume that others share your opinion. Sweeping or superficial journalistic assertions carry little weight in an economics assignment.