Possible policies may include (but are not restricted to):
- Expenditure switching policies (such as tariffs/quotas/subsidies for exporters)
- Expenditure reducing policies (such as contractionary fiscal policy/contractionary monetary policy)
- Supply-side policies (such as education and training programs/tax incentives) Any other valid policy
Note: If more than one policy is recommended, only the best policy should be rewarded, unless the policies are shown to be complementary or if they are compared/contrasted with the student's one chosen policy.
Assessment Criteria
Recommend-present an advisable course of action with appropriate supporting evidence/reason in relation to a given situation, problem, or issue.
Marks
Level descriptor
0
- The work does not reach a standard described by the descriptors below.
1-2
- The response identifies a policy.
- The response uses no economic theory to support the recommendation.
- Economic terms are stated but are not relevant.
- The response contains no use of text/data to support the recommendation.
- The response contains no evidence of synthesis or evaluation.
3-4
- The response identifies an appropriate policy.
- The response uses limited economic theory to support the recommendation in a superficial manner.
- Some relevant economic terms are included.
- The response contains no use of relevant text/data to support the recommendation.
- The response contains superficial evidence of synthesis or evaluation.
5-6
- The response identifies and explains an appropriate policy.
- The response uses relevant economic theory to partially support the recommendation.
- Some relevant economic terms are used appropriately.
- The response includes limited relevant information from the text/data which does not adequately support the recommendation.
- The response contains limited evidence of appropriate synthesis or evaluation but lacks balance.
7-8
- The response identifies and fully explains an appropriate policy.
- The response uses relevant economic theory to support the recommendation.
- Relevant economic terms are used mostly appropriately.
- The use of information from the text/data is generally appropriate, relevant and applied correctly to support the recommendation.
- The response contains evidence of appropriate synthesis or evaluation that is mostly balanced.
9-10
- The response identifies and fully explains an appropriate policy.
- The response uses relevant economic theory effectively to support the recommendation.
- Relevant economic terms are used appropriately throughout the response.
- The use of information from the text/data is appropriate, relevant and supports the analysis/evaluation effectively.
- The response contains evidence of effective and balanced synthesis or evaluation.