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ECN6420,International Economics

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ECN6420,International Economics

ECN6420,International Economics

Out of Class Assignment I (40 Marks) – Marking Scheme

Description

The out of class assignment I consists of two questions all of which cover CLOs 2 & 3. Students are required toapply the knowledge accumulated during the course in fully explaining the consumption function and the effect of household’s income on consumption. Further, students are required to illustrate with the help of graphs the concept of unemployment and the effect it has on the overall economy.The marking scheme is present below:

Criteria

Excellent

Very Good

Good

Poor

Student has provided an introduction where key terms are defined using credible sources.

(8Marks)

 

 

 

 

Student has used the correct formulas for the calculations and arrived at the correct answer.

Student has discussed the answers and explained them with the help of graphs.                        (8 Marks)

 

 

 

 

Students havecovered all the concepts of each question, and provided a detailed explanation of consumption function, unemployment as an  economic problem and economic stability in a country’s economy

(8Marks)

 

 

 

 

Student has concluded his/her answers.

Overall organization and appearance of answers.

(6Marks)

 

 

 

 

 

 

Grade:            %

 

: ________________________

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