Content, Audience and Purpose 20 % Demonstrates no awareness of context and/or purpose of the assignment. Demonstrates limited awareness of context and/or purpose of the assignment Demonstrates consistent awareness of context and/or purpose of the assignment. Demonstrates an advanced and integrated understanding of context and/or purpose of the assignment. Consistently demonstrates a systematic and critical understanding of context and purpose of the assignment.

Thoroughly developed and creative analysis and synthesis with application of pretested models and / or independently developed models and justified recommendations linked to analysis/synthesis Highly sophisticated and creative analysis, synthesis of new with existing knowledge. Strong application by way of pretested models and / or independently developed models. Recommendations are clearly justified based on the analysis/synthesis.

Analysis and application with synthesis of new knowledge related to economic concepts of supply and demand 30% Limited synthesis and analysis. Limited application/recommendations based upon analysis. Demonstrated analysis and synthesis of new knowledge with application. Shows the ability to interpret relevant information and literature. Well-developed analysis and synthesis with application of recommendations linked to analysis/synthesis.

Specific position (perspective or argument) is expertly presented and accurately takes into account the complexities of the issue(s) and scope of the assignment. Justifies any conclusions reached with well- developed arguments. Specific position (perspective or argument) is presented expertly, authoritatively and imaginatively, accurately taking into account the complexities of the issue(s) and scope of the assignment. Limits of position are acknowledged. Justifies any conclusions reached with sophisticated arguments.

Critical reasoning, presentation and defence of an argument and/or position in context of organisational problem solving Specific position (perspective or argument) fails to take into account the complexities of the issue(s) or scope of the assignment. Makes assertions that are not justified. Specific position (perspective or argument) begins to take into account the issue(s) or scope of the assignment. Justifies any conclusions reached with arguments not merely assertion. Specific position (perspective or argument) takes into account the complexities of the issue(s) or scope of the assignment. Others’ points of view are acknowledged. Justifies any conclusions reached with well-formed arguments not merely assertion.

Thorough knowledge or understanding of the field or discipline/s. Supports personal opinion and information substantiated by evidence from the research/course materials. Demonstrates a capacity to explain and apply relevant concepts. Highly developed understanding of the field or discipline/s. Discriminates between assertion of personal opinion and information substantiated by robust evidence from the research/course materials and extended reading. Well demonstrated capacity to explain and apply relevant concepts. A sophisticated understanding of the field or discipline/s. Systematically and critically discriminates between assertion of personal opinion and information substantiated by robust evidence from the research/course materials and extended reading. Mastery of concepts and application to new

Knowledge and Understanding of economic concepts of supply and demand 25% Limited understanding of required concepts and knowledge Key components of the assignment are not addressed. Knowledge or understanding of the field or discipline. Resembles a recall or summary of key ideas. Often conflates/confuses assertion of personal opinion with information substantiated by evidence from the research/course materials.

Distinction 76-85 (Advanced) High Distinction 86-100 (Exceptional) Evidence of a high level of Evidence of an achievement of the exceptional level of learning objectives of the achievement of learning course demonstrated in objectives across the such areas as entire content of the interpretation and critical course demonstrated in analysis, logical such areas as argument, use of interpretation and methodology and critical analysis, logical communication skills. argument, creativity, originality, use of methodology and communication skills.

Assessment Attributes Fail 0-49 (Unacceptable) Pass 50- 65 (Functional) Credit 66-75 (Proficient) Grade Description Evidence of unsatisfactory Evidence of satisfactory Evidence of a good level of (Grading Scheme) achievement of one or more achievement of course learning understanding, knowledge of the learning objectives of objectives, the development of and skill development in the course, insufficient relevant skills to a competent relation to the content of the understanding of the course level, and adequate course or work of a superior content and/or unsatisfactory interpretation and critical quality on the majority of the level of skill development. analysis skills. learning objectives of the course. Demonstration of a high level of interpretation and critical analysis skills.