MPE781 Economics for Managers

MPE781 Economics for Managers

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MPE781 Economics for Managers T1 2020 Assessment Rubrics

Performance
Levels/Criteria
N (0-2.9 marks) N (3-4.9 marks) P (5-5.9 marks) C (6-6.9 marks) D (7-7.9 marks) HD (8-10 marks)
Question 1
GLO1: (10 marks)
Provides an
explanation that is not
consistent with the
existing economic
theories
Summary of the given
article may be
coherent but provides
incorrect
interpretation
Demonstrates
superficial knowledge
of the existing
economic theories
Demonstrates the
ability of accurate
understanding of the
theories
Summary of the of the
given article is good
standard; provides
good interpretation
Summary of the of the
given article is high
standard; provides
correct interpretation
Question 2
GLO4: (10 marks)
Poor or missing
analysis of theories;
inconsistent argument
or argument with no
supporting evidence.
Always confuses facts
and personal opinion.
No or little
interpretation
Inadequate
demonstration of
critical analysis of
relevant theories and
models; poor
reasoning and
argument with no
supporting evidence.
Often confuses facts
and personal opinion
Mostly adequate
demonstration of
critical analysis of
theories and models,
yet some
inconsistencies remain
in the arguments
Discriminates between
assertion and
information
substantiated by
robust evidence.
Provides relevant
diagrams with
reasonable
interpretation (e.g.
illustrations, charts,
graphs etc.)
Systematically
discriminates between
assertion and
information
substantiated by
robust evidence.
Provides good
diagrams and
interpretation (e.g.
illustrations, charts,
graphs etc.)
Information is taken
from source(s) with a
very high level of
interpretation.
Provides correct
diagrams and
interpretation (e.g.
illustrations, charts,
graphs etc.)
Question 3
GLO5: (10 marks)
Demonstrates no
ability to
independently
construct a clear
statement about a
complex problem or
research hypothesis
Demonstrates a
limited ability to
independently
construct a clear and
statement about a
complex problem or
research hypothesis
Creates an acceptable
new solution, object
or idea; proposes one
or more acceptable
creative solutions to
existing and/or new
situations in
professional practice
Demonstrates a
reasonable level of
initiative in planning
and identifies multiple
approaches for
researching and
solving complex
problems. Provides
relevant diagrams
Skilfully extends an
existing idea.
Demonstrates a very
high level of initiative
in planning and
identifies multiple,
innovative
approaches. Provides
good diagrams
Proposes several
exemplary creative,
novel solutions to
existing and/or new
situations in
professional practice.
Provides correct
diagrams matching the
argument.
Question 4
GLO8: (10 marks)
Demonstrates no
understanding of the
complexity of global/
cultural / ethical
perspectives or of
professional practice
Demonstrates limited
understanding of the
complexity of global/
cultural / ethical
perspectives or of
professional practice
Demonstrates
acceptable level of
understanding of the
complexity of global/
cultural / ethical
perspectives or of
professional practice
Demonstrates a
reasonable level of
understanding of the
complexity of global/
cultural / ethical
perspectives or of
professional practice
Demonstrates very
good sophisticated
understanding of the
complexity of global/
cultural / ethical
perspectives
Demonstrates
extraordinary
understanding of the
complexity of global/
cultural / ethical
perspectives
Overall
(Max=40 marks)
N0-
11.9
N
12-19.9
P
20-23.9
C
24-27.9
D
28-31.9
HD
32 or above

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