The coursework requires you to carry out an independent research on an assigned topic. This means you must read published articles, understand the issues and write a critical essay which should be no more than 1,000 words in length, taking into account mathematical formulations but excluding references. Note that there is a long discussion in the literature on the assigned topic. Hence, one can take many different routes to write this coursework. For instance, one can approach the problem from a short run perspective. One can investigate how researchers have resolved the assigned problem. Through your literature survey you will see that researchers have implemented different empirical methodologies. Hence, one may chose to discuss the approaches followed in the literature. Which route you take and how you present your research will determine your final mark. But ultimately one needs to demonstrate that there is sufficient research in the final submission. That is, references will be important.
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