| | Incomplete/Not Attempted | Unsatisfactory | Competent | Strong | Exceptional | Total marks: 100 |
| | 0-3 Marks | 4-7 marks | 8-11 marks | 12-15 marks | 16-20 marks | |
| Task 1 GDP and economic growth (20 marks) Research and comment on the GDP / GDP per capita of the chosen economy over the last decade. Explain the mainreasons for the economic growth/decline Describe the economic/business cycle AC 3.1 3.2 3.3 | Work is incomplete and/or bears no/ little resemblance to the task . | Poor research and explanation of GDP / GDP per capita of the chosen economy Limited attempt to research and provide reasons for the economic growth/decline Poor or vague description of the economic/business cycle | Basic understanding of GDP / GDP per capita of the chosen economy with some reasonable evidence of research of the chosen economy Some attempt to research and provide reasons for the economic growth/decline over the Basic description of the economic/business cycle | Clear knowledge and understanding ofGDP / GDP per capita of the chosen economy with some good evidence of research of the chosen economy which is presented well. Good attempt to research and provide reasons for the economic growth/decline over the decade Good description of the economic/business cycle which is mostly applied to the chosen economy | Excellent understanding of GDP / GDP per capita of the chosen economy with thorough evidence of research of the chosen economy which is presented in a clear and professional manner. Very goodevidenceof providing reasons for the economic growth/decline over the decade Excellent description of the economic/business cycle which is applied clearly to the chosen economy | |
| Task 2 Unemployment (20 marks) Research and comment on the levels of unemployment in the economy researched Analyse how the Government can effectively reduce unemployment in the economy (either analyse the current policies used and/or make suggestions of policies than may be used) AC 3.1 3.2 3.3 | Work is incomplete and/or bears no/ little resemblance to the task . | Poor understanding of unemployment in the economy researched Limited evidence that the student understands how the Government can effectively reduce unemployment in the economy or makes few suggestions of policies than may be used | Basic understanding of unemployment and makes attempts to apply the knowledge to the country chosen to research. Some evidence of research and basic attempts made to suggest how the Government can reduce unemployment in the economy and/or make suggestions of policies than may be used | Clear understanding of unemployment which is well applied to the country being researched. Good evidence of research. Evidence of clear attempts to suggest how the Government can reduce unemployment in the economy and/or make suggestions of policies than may be used | Excellent understanding of unemployment which is explained well and in the context of the chosen economy. There are coherent explanations as to how the Government is tackling unemployment or makes very good suggestions of policies than may be used in the specific country being researched | |
| Task 3 Inflation and balance of payments(20 marks) Research and comment on the inflation levels and balance of payments of the economy being researched Explain the impacts of inflation and the balance of payments on economic agents AC 3.1 3.2 3.3 | Work is incomplete and/or bears no/ little resemblance to the task . | One of the two components are missing or not detailed Research on the inflation levels and balance of payments of the economy is limited with poor explanation of the impacts of inflation and the balance of payments on economic agents | One of the two components maybe limited or vague. Basic research evident on the inflation levels and balance of payments of the economy is limited. Basic explanation of the impacts of inflation and the balance of payments the economic agents. May be generic in nature but makes some attempt to apply to the country being researched. | Both of thetwo components are included and detailed Clear knowledge of inflation levels and balance of payments and applied, in the main, to the economy being researched. Clear explanation of the impacts of inflation and the balance of payments on the economic agents in the country being researched | Both of thetwo components are included and very well explained Excellent research on the inflation levels and balance of payments of the economy which is well presented and is specific to the economy being researched. Excellent explanation of the impacts of inflation and the balance of payments on the economic agents in the country being researched | |
| Task 4 Economic Policy (20 marks) Discuss the use/effectiveness of economic policy (demand or supply side policy) to impact the economic cycle (either analyse the current policies used or make suggestions of policies than may be used) AC 3.1 3.2 3.3 | Work is incomplete and/or bears no/ little resemblance to the task . | Very limited evidence to demonstrate knowledge of demand or supply side policy. Little evidence of research of the current economic policies being used or little attempt to make suggestions of policies than may be used | Some basic evidence to demonstrate knowledge of demand or supply side policy. Basic evidence of research of the current economic policies being used in the chosen economy or some attempt to make suggestions of policies than may be used to impact the business cycle | Clear knowledge and understanding of demand or supply side policy. Good evidence of research of the current economic policies being used in the chosen economy or some attempt to make suggestions of policies than may be used to impact the business cycle. The knowledge and suggestionsare , in the main, applied to the economy being researched | Excellent knowledge and understanding of demand or supply side policyis evident which is specifically in the context of the economy being researched. Excellent evidence of research of the current economic policies being used in the chosen economy or an excellent attempt to make suggestions of policies than may be used to impact the business cycle of the specific chosen country. | |
| Presentation and Harvard Referencing (20 marks) Check your work for spelling and grammar. Present you work in an acceptable format Use Harvard referencing | Numerous deficiencies in expression and presentation; the writer may achieve clarity (if at all) only by using a simplistic or repetitious style. Inadequate use of research/appendix. Little or no attempt to Harvard reference | A simple basic style but with significant deficiencies in expression or format that may pose obstacles for the reader. limited use of sources to support a point. Attempted to use Harvard referencing | Reasonably competently written, with only minor lapses from standard grammar, with an acceptable format. Uses a narrow variety of sources Reasonable use of sources to support points. Used Harvard referencing throughout, with some errors | Well written, with standard spelling and grammar, in a readable style with acceptable format Good range of sources and well organised and uses Harvard referenced with only a few mistakes. | Excellently written, with minimal spelling and grammar, Excellent format, a wide range of resources used. Harvard referencedis accurate with no or only minor mistakes. | |