University of Northumbria Newcastle Business school Division of Economics and resource management EC425 MICROECONOMICS 2: ECONOMICS AND ORGANISATIONS SEMESTER 2 2003 Unit Tutor: Kevin Hinde Room: NB403 Te:01912273936 e-mail mailto: kevin hinde(@unn. ac uk Clickhttp://www.kevinhinde.com
University of Northumbria Newcastle Business School Division of Economics and Resource Management EC425 MICROECONOMICS 2: ECONOMICS AND ORGANISATIONS SEMESTER 2 2003 Unit Tutor: Kevin Hinde Room: NB403 Tel: 0191 2273936 e-mail mailto:kevin.hinde@unn.ac.uk Click http://www.kevinhinde.com
Unit Code/ Title EC425 MICROECONOMICS 2: ECONOMICS AND ORGANISATIONS Introduction Welcome to this second level one semester, core unit on economics and the organisation, which I hope you will enjoy By following this unit you should a recognise how important economic analysis is to our understanding of the organisation, whether in the public or private sector, and be able to apply the knowledge learnt to a variety of contexts a identify the wider implications resulting from the microeconomic analysis of organisations, particularly public policy solutions More specifically we are going to examine the following questions a Why do we need organisations and hierarchical organisational structures? a How can we resolve moral hazard problems (i.e. shirking) within organisations? a What are the efficiency implications of production and cost analysis? a What are the welfare implications associated with monopolistic and oligopolistic structures? This approach moves us from an internal examination of the organisation to its interaction within the industrial environment and thus its economic implications for society as a whole. We are going to use traditional neo- classical analysis and game theory to address these questions, and, as you are more familiar with some elements of the former I will begin the lecture programme by examining games. This form of analysis is pervasive in economics nowadays and so you will need to be aware of its importance from the outset Recommended texts Note that I am recommending 2 texts though you should only purchase one Besanko D and Braeutigam RR(2002 )Microeconomics. An Integrated Approach, J Wiley and Sons, New York arian H ( 2003)Intermediate Microeconomics. A Modern Approach, 6th edition, W Norton and Company, London However, both books do not quite cover the syllabus. The programme of
Unit Code / Title EC425 MICROECONOMICS 2: ECONOMICS AND ORGANISATIONS Introduction Welcome to this second level, one semester, core unit on economics and the organisation, which I hope you will enjoy. By following this unit you should recognise how important economic analysis is to our understanding of the organisation, whether in the public or private sector, and be able to apply the knowledge learnt to a variety of contexts. identify the wider implications resulting from the microeconomic analysis of organisations, particularly public policy solutions. More specifically we are going to examine the following questions: Why do we need organisations and hierarchical organisational structures? How can we resolve moral hazard problems (i.e. shirking) within organisations? What are the efficiency implications of production and cost analysis? What are the welfare implications associated with monopolistic and oligopolistic structures? This approach moves us from an internal examination of the organisation to its interaction within the industrial environment and thus its economic implications for society as a whole. We are going to use traditional neoclassical analysis and game theory to address these questions, and, as you are more familiar with some elements of the former I will begin the lecture programme by examining games. This form of analysis is pervasive in economics nowadays and so you will need to be aware of its importance from the outset. Recommended Texts Note that I am recommending 2 texts though you should only purchase one. Besanko D and Braeutigam R R (2002) Microeconomics. An Integrated Approach, J Wiley and Sons, New York. Varian H (2003) Intermediate Microeconomics. A Modern Approach, 6th edition, WW Norton and Company, London. However, both books do not quite cover the syllabus. The programme of
study set out below indicates the relevant chapters to be read in conjunction with the programme and I have indicated additional reading for weeks 3 and 4 where appropriate. Programme of Study There will be 17 lectures in total, plus one lecture period when an assessment exercise will be carried out there will be 2 seminar sessions and 4 Workshops where you will use the internet as a learning resource The following table outlines the programme of study Week Lecture Seminar Unit Introduction Start on Game VORKSHOPS Theory: Normal Games Introduction to the unit Key read Besanko D and Braeutigam RR chapter 14 Game Theory: Normal Games (Continued) y Re BesankoD and BraeutigamRR chapter 14 Game Theory: Extensive Form Games Key Reading Besanko D and Brautigam R chapter 15 section 5 pps657-668 Varian chapters 17 and 29 Firms and markets: Alchian and SEMINARS: Theory of Demsetz: Coase and williamson the firm articles Discussion of issues Douma and schreuder chapters 7, 8, 10 and 11 4 Principal Agent: Team Incentives Key Reading Principal Agent: Individual Incentive Schemes Douma and schreuder chapter 7 Varian chapter 36(difficult towards the end 5 Production Functions SEMINARS: Questions on production and costs Key Reading Besanko D and BraeutigamRR chapters 6 and 7
study set out below indicates the relevant chapters to be read in conjunction with the programme and I have indicated additional reading for weeks 3 and 4 where appropriate. Programme of Study There will be 17 lectures in total, plus one lecture period when an assessment exercise will be carried out. There will be 2 seminar sessions and 4 Workshops where you will use the internet as a learning resource. The following table outlines the programme of study. Week Lecture Seminar 1 Unit Introduction. Start on Game Theory: Normal Games Key Reading Besanko D and Braeutigam R R chapter 14 Varian chapter 28 Game Theory: Normal Games (Continued) Key Reading Besanko D and Braeutigam R R chapter 14 Varian chapter 28 2 Game Theory: Extensive Form Games Key Reading Besanko D and Braeutigam R R chapter 15 section 5 pps 657-668 Varian chapters 17 and 29. WORKSHOPS: Introduction to the unit. 3 Firms and Markets: Alchian and Demsetz; Coase and Williamson Key Reading Douma and Schreuder chapters 7,8, 10 and 11. Ricketts chapter 2 Principal Agent: Team Incentives Key Reading Schotter chapter 8 4 Principal Agent: Individual Incentive Schemes Key Reading Douma and Schreuder chapter 7 Varian chapter 36 (difficult towards the end) SEMINARS: Theory of the Firm Articles – Discussion of Issues 5 Production Functions Key Reading Besanko D and Braeutigam R R chapters 6 and 7 Varian chapters 18 and 19 SEMINARS: Questions on Production and costs
6 Production functions Besanko D and BraeutigamRR chapters 6 and 7 Cost Functions Key Reading Besanko D and Braeutigam RR chapters 8 and 9 Varian chapters 20 and 21 End of week 7. assessment 1 to be handed in Comment on the significance of a classic article on the firm 7 Cost Functions ORKSHOPS: Multiple choice work production and costs Besanko D and BraeutigamRR chapters 8 and 9 20 and 21 using the internet 8 Competition and Welfare y Re BesankoD and Braeutigam R chapters 9-11 Varian chapters 22 and 23 Monopoly and Welfare Besanko D and Braeutigam RR chapters 9-11 9 Capturing Surplus VORKSHOPS: Games monopoly and welfare Key Reading Issues Besanko D and BraeutigamRR chapter 12 Varian chapters 25 10 Cournot Oligopoly and Welfare Key Reading Besanko D and Braeutigam RR chapter 13 Other classical Oligopoly models and Welfare Key Reading Besanko D and Braeutigam RR chapter 13 Varian chapter 27 NO LECTURE. Assessment 2: ∧ ORKSHOPS: Oligopoly Multiple choice questions on games, models roduction, costs and suppl Easter break 12 Network Economics and the Information Economy Plen 13- Assessment 3: One hour Essay test 15
Production Functions Key Reading Besanko D and Braeutigam R R chapters 6 and 7 Varian chapters 18 and 19 6 Cost Functions Key Reading Besanko D and Braeutigam R R chapters 8 and 9 Varian chapters 20 and 21 End of Week 7. Assessment 1 to be handed in: Comment on the significance of a classic article on the firm 7 Cost Functions Key Reading Besanko D and Braeutigam R R chapters 8 and 9 Varian chapters 20 and 21 Competition and Welfare Key Reading Besanko D and Braeutigam R R chapters 9 -11 Varian chapters 22 and 23 8 Monopoly and Welfare Key Reading Besanko D and Braeutigam R R chapters 9 -11 Varian chapters 22 and 23 WORKSHOPS: Multiple choice work on production and costs using the internet 9 Capturing Surplus Key Reading Besanko D and Braeutigam R R chapter 12 Varian chapters 25 Cournot Oligopoly and Welfare Key Reading Besanko D and Braeutigam R R chapter 13 Varian chapter 27 10 Other classical Oligopoly models and Welfare Key Reading Besanko D and Braeutigam R R chapter 13 Varian chapter 27 WORKSHOPS: Games, monopoly and welfare issues. 11 NO LECTURE. Assessment 2: Multiple choice questions on games, production, costs and supply WORKSHOPS: Oligopoly models Easter Break Network Economics and the Information Economy Key Reading Varian chapter 36 12 Plenary 13 - 15 Assessment 3: One hour Essay test
Detailed Reading List (** Recommended Text) The relevance to each week is given in parentheses Alchian A and Demsetz H(1972) Production, Information Costs and Economic Organisation, American Economic Review, 62, pp. 777-95.(Weeks 3 and 4) Bolton P and Scharfstein d s(1998)Corporate Finance, the Theory of Finance and Organisations, Journal of Economic Perspectives, vol 12, No 4 pp 95-114( Weeks 3 and 4) Besanko d and Braeutigam RR(2002)Microeconomics. An Integrated Approach, J Wiley and Sons, New York.(All weeks except 3 and 4) Brickley J A, Smith Jr C W,& zimmerman(1996)Organisational Architecture A Managerial Economics Approach, Irwin, Boston, Mass (Weeks 3 and 4) Coase R H(1937) The Nature of the Firm, Economica, 4, p 386-405.(Weeks 3 and 4) Dietrich M(994) ransa action Cost Economics and beyond. Towards a New Economics of the Routledge, London ( Weeks 3 and 4) Dixit A K& Nalebuff B.J. (1991) Thinking Strategically. The Competitive Edge in Business, Politics, and Everyday Life. W.W. Norton Company London. ( Weeks 1 and 2) Douma S and Schreuder H(1998) Economic Approaches to Organisations second edition, Prentice Hall, London ( Weeks 3 and 4) Emerson et al(1988), The Economics of 1992, Oxford University Press (Weeks 5, 6 and 7) Fehr E and Gachter s(2000)Fairness and Retaliation: The Economics of Reciprocity, Journal of Economic Perspectives, vol. 14, No. 3, pp. 159-181 (Weeks 1 and 2) Ferguson C E(1972)Microeconomics, Third Edition, Irwin, Homewood linois (Weeks 5, 6 and 7) Gibbons R(1997) an Introduction to Applicable Game Theory, Journal of Economic Perspectives, vol 11, No 1, pp. 127-149.(Weeks 1 and 2) Gibbons R(1998) Incentives in Organisations, Journal of Economic Perspectives, voL. 12, No 4, pp. 115-132 (Weeks 3 and 4) Hargreaves-Heap s& varoufakis Y(1995) Game Theory. A Critical Introduction, Routledge. London. ( Weeks 1 and 2)
Detailed Reading List (** = Recommended Text) The relevance to each week is given in parentheses. Alchian A and Demsetz H (1972) Production, Information Costs, and Economic Organisation, American Economic Review, 62, pp. 777-95. (Weeks 3 and 4) Bolton P and Scharfstein D S (1998) Corporate Finance, the Theory of Finance and Organisations, Journal of Economic Perspectives, vol. 12, No. 4, pp. 95 – 114. (Weeks 3 and 4). **Besanko d and Braeutigam R R (2002) Microeconomics. An Integrated Approach, J Wiley and Sons, New York. (All weeks except 3 and 4). Brickley J A, Smith Jr. C W, & Zimmerman (1996) Organisational Architecture: A Managerial Economics Approach, Irwin, Boston, Mass (Weeks 3 and 4) Coase R H (1937) The Nature of the Firm, Economica, 4, p. 386-405. (Weeks 3 and 4) Dietrich M (!994) Transaction Cost Economics and Beyond. Towards a New Economics of the Firm. Routledge, London. (Weeks 3 and 4) Dixit A. K. & Nalebuff B.J. (1991) Thinking Strategically. The Competitive Edge in Business, Politics, and Everyday Life. W. W. Norton & Company. London. (Weeks 1 and 2) Douma S and Schreuder H (1998) Economic Approaches to Organisations, second edition, Prentice Hall, London. (Weeks 3 and 4) Emerson et al (1988), The Economics of 1992, Oxford University Press. (Weeks 5, 6 and 7) Fehr E and Gachter S (2000) Fairness and Retaliation: The Economics of Reciprocity, Journal of Economic Perspectives, vol. 14, No. 3, pp. 159 - 181. (Weeks 1 and 2) Ferguson C E (1972) Microeconomics, Third Edition, Irwin, Homewood, Illinois. (Weeks 5, 6 and 7) Gibbons R (1997) an Introduction to Applicable Game Theory, Journal of Economic Perspectives, vol. 11, No. 1, pp. 127 – 149. (Weeks 1 and 2) Gibbons R (1998) Incentives in Organisations, Journal of Economic Perspectives, vol. 12, No. 4, pp. 115 – 132. (Weeks 3 and 4) Hargreaves-Heap S & Varoufakis Y (1995) Game Theory. A Critical Introduction, Routledge. London. (Weeks 1 and 2)
Hargreaves-Heap S et al(1992) The Theory of Choice. A Critical Guide Blackwell, London. ( Weeks 1 and 2) Heathfield D and Wibe s(1987) An introduction to Cost and Production Functions, Macmillan. ( Weeks 5, 6 and 7) Hines JR Jnr. (1999) Three sides of Harberger Triangles, Journal of Economic Perspectives, Vol 13, No2 pp. 167-188 (Week 8 g)gOn G(1988)Economics and Institutions, Polity, London (Weeks 3 and Holmstrom B and Roberts J(1998) The Boundaries of the Firm revisited Journal of Economic Perspectives, vol. 12, No. 4, pp. 73-94. (Weeks 3 and Jensen M. C and Meckling W. H (1976)Theory of the Firm: Managerial Behaviour, Agency Costs and Ownership Structure" Journal of Financial Economics 3, pp. 305-60 (Weeks 3 and 4) Kay J(1993)Foundations of Corporate Success. How Business Strategies Add value. Oxford University Press. OXford. (Weeks 1 and 2) Keasey, K, Thompson S and Wright M(1997) Corporate Governance Economic, Management and Financial Issues, Oxford Univ Press ( Weeks 3 and 4) Koutsoyiannis A (1979)Modern Microeconomics, Second Edition, Macmillan London .(All weeks except 3 and 4) Marris R(1963)A Model of Managerial Enterprise, Quarterly Journal of Economics, Vol 77, p. 185 (Weeks 3 and 4) McMillan J (1992)Games, Strategies, and Managers. How Managers can use Game Theory to make better Business Decisions. Oxford University Press. Oxford. (Weeks 1 and 2) Migue J and Belanger G(1974)Toward a general theory of Managerial Discretion, Public Choice, Vol 17, p.27.(Weeks 3 and 4) Milgrom P and Roberts J(1992)Economics, Organisation and Management, Prentice-Hall, (Weeks 3 and 4) Moschandreas M (2000)Business Economics. Thompson Business Press London(All weeks except 10) Newhouse J(1970) Toward a theory of non-profit institutions: an economic model of a hospital, American Economic Review, Vol. 60, p. 64 (Weeks 3 and 4)
Hargreaves-Heap S et al (1992) The Theory of Choice. A Critical Guide, Blackwell, London. (Weeks 1 and 2) Heathfield D and Wibe S (1987) An Introduction to Cost and Production Functions, Macmillan. (Weeks 5, 6 and 7) Hines J R Jnr. (1999) Three sides of Harberger Triangles, Journal of Economic Perspectives, Vol. 13, No.2 pp. 167 – 188. (Week 8) Hodgson G (1988) Economics and Institutions, Polity, London. (Weeks 3 and 4) Holmstrom B and Roberts J (1998) The Boundaries of the Firm revisited, Journal of Economic Perspectives, vol. 12, No. 4, pp. 73 – 94. (Weeks 3 and 4) Jensen M. C and Meckling W. H (1976) Theory of the Firm: Managerial Behaviour, Agency Costs and Ownership Structure” Journal of Financial Economics 3, pp. 305-60. (Weeks 3 and 4) Kay J. (1993) Foundations of Corporate Success. How Business Strategies Add Value. Oxford University Press. Oxford. (Weeks 1 and 2) Keasey, K, Thompson S and Wright M (1997) Corporate Governance. Economic, Management and Financial Issues, Oxford Univ. Press. (Weeks 3 and 4) Koutsoyiannis A (1979) Modern Microeconomics, Second Edition, Macmillan, London. (All weeks except 3 and 4) Marris R (1963) A Model of Managerial Enterprise, Quarterly Journal of Economics, Vol 77, p.185. (Weeks 3 and 4) McMillan J (1992) Games, Strategies, and Managers. How Managers can use Game Theory to make better Business Decisions. Oxford University Press. Oxford. (Weeks 1 and 2) Migue J and Belanger G (1974) Toward a general theory of Managerial Discretion, Public Choice, Vol 17, p.27. (Weeks 3 and 4) Milgrom P and Roberts J (1992) Economics, Organisation and Management, Prentice-Hall, (Weeks 3 and 4) Moschandreas M (2000) Business Economics. Thompson Business Press, London. (All weeks except 10) Newhouse J (1970) Toward a theory of non-profit institutions: an economic model of a hospital, American Economic Review, Vol. 60, p.64. (Weeks 3 and 4)
Nicholson W(1997) Intermediate Microeconomics and its Application, Harcourt Brace and Co Orlando. (All weeks except week 3 Poundstone W.(1993)Prisoner's Dilemma John von Neumann, Game Theory, and the Puzzle of the bomb. oxford University Press. Oxford (Weeks 1 and 2) Putterman L(1986)The Economic Nature of the Firm. A Reader, Cambridge University Press, Cambridge (Weeks 3 and 4) Ricketts M(2002)The Economics of Business Enterprise: An Introduction to Economic Organisation and the Theory of the firm, third edition, Edward elgar Cheltenham (Weeks 3 and 4) RompG(1997) Game Theory Introduction and Applications, Oxford University Press. Oxford. (Weeks 1 and 2) Salter WEG(1966) Productivity and Technical Change, 2nd edition, Cambridge University Press(Weeks 5, 6 and 7) Schotter A(1997) Microeconomics. A Modern Approach, Harper Collins, New York.(All weeks except week 3) Shone R(1981)Applications in Applied Intermediate Microeconomics Macmillan. (Weeks 5, 6 and 7) Williamson O. E.(1976)Markets and Hierarchies: Analysis and Anti-Trust Implications. A Study in the Economics of Internal Organisation, Free Press New York (Weeks 3 and 4) lamson O. E.(1985)The Economic Institutions of Capitalism: Firms, Markets and Relational Contracting, Macmillan, London ( Weeks 3 and 4) Williamson O. E(1963)Managerial Discretion and Business Behaviour, Prentice Hall, London ( Weeks 3 and 4) *Varian H(2003)Intermediate Microeconomics. A Modern Approach, 6th edition, W Norton and Company, London.(All weeks except week 3) ezer A M, GoldfarbR S and Poppen PJ(1996) Does studying economi discourage cooperation? Watch what we do, not what we say or how we play, Journal of Economic Perspectives, Vol. 10, No 1, pp177-186(Weeks 1 and 2)
Nicholson W (1997) Intermediate Microeconomics and its Application, Harcourt Brace and Co. Orlando. (All weeks except week 3) Poundstone W. (1993) Prisoner's Dilemma. John von Neumann, Game Theory, and the Puzzle of the Bomb. Oxford University Press. Oxford. (Weeks 1 and 2) Putterman L (1986) The Economic Nature of the Firm. A Reader, Cambridge University Press, Cambridge. (Weeks 3 and 4) Ricketts M (2002) The Economics of Business Enterprise: An Introduction to Economic Organisation and the Theory of the firm, third edition, Edward Elgar, Cheltenham. (Weeks 3 and 4) Romp G (1997) Game Theory. Introduction and Applications, Oxford University Press. Oxford. (Weeks 1 and 2) Salter WEG (1966) Productivity and Technical Change, 2nd edition, Cambridge University Press (Weeks 5, 6 and 7) Schotter A (1997) Microeconomics. A Modern Approach, Harper Collins, New York. (All weeks except week 3) Shone R (1981) Applications in Applied Intermediate Microeconomics, Macmillan. (Weeks 5, 6 and 7) Williamson O. E. (1976) Markets and Hierarchies: Analysis and Anti-Trust Implications. A Study in the Economics of Internal Organisation, Free Press, New York. (Weeks 3 and 4) Williamson O. E. (1985) The Economic Institutions of Capitalism: Firms, Markets and Relational Contracting, Macmillan, London. (Weeks 3 and 4) Williamson O. E. (1963) Managerial Discretion and Business Behaviour, Prentice Hall, London. (Weeks 3 and 4) **Varian H (2003) Intermediate Microeconomics. A Modern Approach, 6th edition, WW Norton and Company, London. (All weeks except week 3) Yezer A M, Goldfarb R S and Poppen P J (1996) Does studying economics discourage cooperation? Watch what we do, not what we say or how we play, Journal of Economic Perspectives, Vol. 10, No.1, pp177 – 186. (Weeks 1 and 2)
Assessment Summary Part % Week An Article Review B Multiple Choice test on games, 30 11 production, costs and suppl Closed Book Test 13-15 Format of examination 1 Hour duration Assignment Information Assignment title Assessment 1 Critically consider the importance of one of the following papers to our understanding of the theory of the firm Coase R H(1937)The Nature of the Firm Economica, 4, p 386-405 Williamson E(1979) Transaction Cost Economics The governance of contractual relations Journa/ of Law and Economics. 22: 233-61 Maximum word 1000 words(excluding bibliography and statistical limit tables but including footnotes and appendices) Submission Friday 15March 2003 deadline
Assessment Summary Part % Week A An Article Review 30 7 B Multiple Choice test on games, production, costs and supply 30 11 B Closed Book Test 40 13 - 15 Format of examination 1 Hour duration Assignment Information Assignment title Assessment 1 Critically consider the importance of one of the following papers to our understanding of the theory of the firm Coase R H (1937) The Nature of the Firm, Economica, 4, p. 386-405. Or Williamson O E (1979) Transaction Cost Economics: The Governance of Contractual Relations, Journal of Law and Economics, 22: 233-61. Maximum word limit 1000 words (excluding bibliography and statistical tables but including footnotes and appendices). Submission deadline Friday 15th March 2003
Assessment criteria Assessment 1 will be marked in accordance with the following criteria Essential Non essential Evidence of background reading Relevance of material to the ppropriate depth of analysis Structure and Organisation Use of supporting data Use of diagrams /illustrative aterial Use of referencing system and bibliography* Use of case study material Overall presentation will also be taken into account. Please note that referencing should be in accordance with the Harvard(author, date) System. Detailed guidelines to the Harvard System have been included in course handbooks for all courses administered by the Division of Economics. Copies of the Guide to Referencing are available from the Undergraduate Programmes Office( Room 219, Northumberland Building) A failure to reference correctly will impact negatively upon your mark that it is not acceptable to submit work in excess of the word limit. Such work is unlikely to be marked. A mark of 1% could be recorded and carried forward to the level average on which your progression/award is determined Submission arrangements Assignments should be handed in to the Newcastle Business school Reception in accordance with the above deadline at the following times Term-time Monday-Thursday 8.30-18.30 Friday 8.3016.30 Outside Term-time Monday-Thursday 8.30-1730 Friday 8.301630
Assessment criteria Assessment 1 will be marked in accordance with the following criteria: Essential Non essential Evidence of background reading 9 Relevance of material to the question posed 9 Appropriate depth of analysis 9 Structure and Organisation 9 Use of supporting data 9 Use of diagrams / illustrative material 9 Use of referencing system and bibliography* 9 Use of case study material 9 Overall presentation will also be taken into account. Please note • that referencing should be in accordance with the Harvard (author, date) System. Detailed guidelines to the Harvard System have been included in course handbooks for all courses administered by the Division of Economics. Copies of the Guide to Referencing are available from the Undergraduate Programmes Office (Room 219, Northumberland Building). A failure to reference correctly will impact negatively upon your mark. • that it is not acceptable to submit work in excess of the word limit. Such work is unlikely to be marked. A mark of 1% could be recorded and carried forward to the level average on which your progression/award is determined. Submission arrangements Assignments should be handed in to the Newcastle Business School Reception in accordance with the above deadline at the following times: Term-time Monday-Thursday 8.30-18.30 Friday 8.30-16.30 Outside Term-time Monday-Thursday 8.30-17.30 Friday 8.30-16.30
Assignments must be handed in together with a multi-part assignment cover sheet whether or not you are submitting the assignment personally. This will be stamped, signed and dated by a member of the administrative staff and the bottom part will be returned to you immediately you should retain this as it represents your proof that the assignment has been submitted. Assignment cover sheets are obtainable from the newcastle business school reception Your signature on the cover sheet will confirm a)the word count for your submitted piece of work b)that referencing is in accordance with the harvard System (see Guide to Referencing ) and c)that the work submitted is your own Please note that Other than in exceptional circumstances and with the prior agreement of the Module Tutor or Programme Leader, the submission of assignments by fax or by e-mail is not acceptable Unless an extension of the assignment deadline has been granted by either your Programme Director or Programme Leader a zero mark will be applied to any work submitted after the agreed deadline
Assignments must be handed in together with a multi-part assignment cover sheet whether or not you are submitting the assignment personally. This will be stamped, signed and dated by a member of the administrative staff and the bottom part will be returned to you immediately. You should retain this as it represents your proof that the assignment has been submitted. Assignment cover sheets are obtainable from the Newcastle Business School Reception. Your signature on the cover sheet will confirm: a) the word count for your submitted piece of work; b) that referencing is in accordance with the Harvard System (see Guide to Referencing ); and c) that the work submitted is your own. Please note that • Other than in exceptional circumstances and with the prior agreement of the Module Tutor or Programme Leader, the submission of assignments by fax or by e-mail is not acceptable. • Unless an extension of the assignment deadline has been granted by either your Programme Director or Programme Leader, a zero mark will be applied to any work submitted after the agreed deadline
