IB3K80
The Economics of Well-Being
Individual Assignment, 2024
Assignment Instructions
All assignments must be submitted ONLINE via my.wbs by 12pm (midday) UK time on the date displayed against this assessment.
Please ensure that you have inserted a completedassignment coversheet, which must be included as the first page of your script. This should include your Student ID number, but not your name.
Word Limit
3000 word limit.
Word Count Policy
WBS has a school-wide policy on word counts. This is strictly enforced to ensure consistency across modules and programme. You can find more information about this policy in your Student Handbook under Academic Practice -7i. Word count policy.
This is a strict limit not a guideline: any piece submitted with more words than the limit will result in the excess not being marked.
Academic Practice
Please ensure you read the full guidelines forAcademic Practicein the Undergraduate Handbook and ensure you understand it. If in doubt, please seek clarification in advance of your submission. This includes important information on:
• Cheating, plagiarism and collusion
• Correct referencing
• Using internet sources in assessments
• Academic writing
• English Language support
• Word count policy
When you submit this assignment online, you will be required to tick a declaration box indicating that the work involved is entirely your own. Each assignment will be put through plagiarism software to identify any collusion or inadequate referencing of materials used from different sources. Please do not submit images of your typed work unless you have been specifically requested to do so.
We would consider taking action if your work:
1. is too reliant on the words of particular authors (rather than presenting your ideas in your own words), if the essay uses the ideas or words of an author without referencing them or putting their words into quotations (plagiarism).
2. suggests that you have worked very closely with another student or students (unless explicitly asked to do so by your Module Leader/Tutor) (collusion).
3. includes unreferenced work that you have previously submitted for any accredited course of study (unless explicitly asked to do so by your Module Leader/Tutor) (self-plagiarism).
The Use of Artificial Intelligence (AI)
The University recognises an increasing number of technologies such as Artificial Intelligence and that they maybe applicable in your completing this assessment. The assessment brief sets out specific requirements or restrictions, and theUndergraduate Student Handbookhas further guidance and advice.
You are reminded that the inappropriate use of such a technology may constitute a breach of University policy, such as theProofreading PolicyorRegulation 11 (Academic Integrity). If you
breach these policies, it may have significant consequences for your studies. Please make sure you read and understand the assessment brief and how AI mayor may not be used.
If a generative AI or similar is permitted and has been used you MUST make clear why you used such a tool or service, what you used it for and you will be obliged to confirm that you take sole intellectual ownership of any submitted work. As appendices, and as part of your submitted work, you must provide screenshots of the question and the AI-generated response, alongside an explanation of how the content has been utilised. You should note the relevant reference alongside each screenshot.
When you submit you must complete (physically or electronically) a declaration. This requires you to explain the use of any AI. Failure to disclose at the point of submission maybe prejudicial in any later investigations should they arise.
For this assessment the use of AI is:
- Permitted
Where AI is permitted:
If you use a generative Artificial Intelligence (AI) in the process of completing this assessment you MUST set out clearly the following:
• WHY you used a generative AI
• WHAT it was used for
• WHICH AI was used; and
• If any generated content has been used directly in this submission, if so where.
Note that this declaration does NOT contribute towards the word count for the assessment.
You will also have to confirm in your declaration that the work remains yours and you have intellectual ownership of it. You may be called for viva or other interview to demonstrate such intellectual ownership. A failure to disclose the use of AI, or the use of a misleading description of its use may have significant consequences for your studies. As a result, keeping good records of your interactions is strongly advised.
Extensions and Self-certification
Late submissions will incura penalty of 5% for every 24 hour period after the due date and time,i.e. this begins one minute after the submission deadline (beginning at 12.01pm).
Requests for specific extensions (of up to 15 days) which are typically for longer and more serious concerns must be submitted via my.wbs ideally 72 hours BEFORE the deadline. Extensions can only be approved if you clearly detail your circumstances and provide supporting documentation (or a reason as to why you cannot provide the supporting documentation at the time) asset out in the Mitigating Circumstances Policy.
Self-certification is a university-wide policy whereby you are permitted an automatic extension of 5 working days on eligible written assessed work without the need for evidence. WBS permits self-certification for all types of written, assessed works such as essays and dissertations. It is not permitted for exams, course tests, or presentations.
You can self-certify twice within each year of study, starting from the anniversary of your course
start date. This will coverall eligible written assessments that fall within the self-certification period, as long as they have not previously had an extension applied. To find out further details about the
self-certification policy please see:https://my.wbs.ac.uk/-/academic/20778/item/id/1244460/ . If you wish to self-certify for an extension of 5 working days, please select 'Self-certification' in the Extension Type field. If you wish to request a longer extension than 5 working days, please leave the Extension Type as 'Standard'.
Your assignment instructions begin below.
Assignment
You may select your one topic from the following list of research questions or produce your own research question for the assignment. This is completely your choice.
Here are the pre-assigned topics from which you could choose:
• Critically examine the methods used for well-being valuation. How effective are these methods in capturing the multifaceted nature of well-being, and what improvements could be made?
• Discuss the impact of workplace well-being on productivity and economic growth. Can a focus on well-being be justified from a macroeconomic standpoint?
• Investigate the concept of hedonic adaptation in the context of income and social status.
How does this adaptation affect the pursuit of well-being, and what implications does it have for consumer behaviour?