Conclusion • briefly link this to the pursuit of economic sustainability 3.4 - Synthesise evidence to draw conclusions. 1 mark In-text referencing and reference list • include your focus article plus three other articles. 2.2 - Collect, analyse and organise information from a range of sources, including electronic databases. 4 marks

Impact on Australia's exchange rate • outline the type of exchange rate that Australia has and why it was adopted • link the changes in trade and investment flows to the determination of the Australian Dollar (AUD) • outline the likely positive and/or negative as a result of an appreciation or depreciation of the Australian dollar 1.6 - Identify key macro-economic concepts used in decision making. 3.3 - Outline, from information analysis, the strengths and weaknesses of specified economic policies and decisions, including those from government. 4 marks

Impact on the Domestic Economy • outline the likely impact on Australia's economic performance utilising the circular flow model and aggregate demand • include in your analysis the likely impact on GDP, National Income, unemployment and inflation 3.1 - Compare, through analysis and interpretation of given economic data, the performance of the Australian economy within a given timeframe. 3.2 - Predict the consequences of specified economic decisions. 4 marks

Impact on Balance of Payments • link the main ideas from your article to the likely impact on the Balance of Payments • the following should be analysed o BOGS o Primary income o Current A/c balance (deficit) o Financial A/c (Direct and /or Portfolio investment 1.7 - Analyse and interpret economic data/information relating to economic measures and principles 4 marks

Commentary Competencies Marks Summary of Article • chosen article reflects Australia's external stability (B of P) • clearly and concisely summarise the main ideas in the article • use quotes from the article as examples in your writing • outline major policy issues for example impact on GDP or unemployment • provide a summary of any economic statistics/figures/data 1.5 - Identify and outline, through analysis of economic information, major policy issues in relation to the Australian economy 2.4 - Write commentaries on articles from published news media, analysing and detailing the links between the article and economic concepts/models as applicable. 3 marks

ability to present an academically acceptable commentary by: • providing a commentary in excess of four (4) intext references correctly formatted according to APA or Harvard method with no mistakes • providing intext referencing and a reference list correctly formatted according the to APA or Harvard method and includes all relevant authors cited in-text • having the result from the plagiarism check through ‘Turnitin’ at below 25% and the essay including no significant matches indicating that large sections of the essay have been taken from other sources with little or no attempt to paraphrase or acknowledge the original author.

The student has not demonstrated the ability to present an academically acceptable commentary as: • researched relevant and supporting economic data/information is not evident • the researching of reliable economic data/information from such sources as, but not limited to, trading economics, abs.gov.au, rba.gov.au and budget.gov.au is not evident • analyzing, interpreting and evaluating the researched economic data/information and using it appropriately on at least one (1) occasion in each of the following sections has not been done successfully • Summary of Article • Balance of Payments • Economic impact • Exchange Rates The student has demonstrated the ability to present an academically acceptable commentary by: • researching relevant and supporting economic data/information •

Conclusion The student has not demonstrated the ability to synthesise evidence and draw conclusions as: • a linking of the main points in the article to the government's pursuit of economic sustainability is not evident The student has demonstrated the ability to synthesise evidence and draw conclusions by: • linking the main points in the article to the government's pursuit of economic sustainability The student has demonstrated the ability to synthesise evidence and draw conclusions by: • linking the main points in the article to the government's pursuit of economic sustainability specifically in terms of Australia's current economic growth (GDP), unemployment and inflation.

Exchange Rates The student has not demonstrated the ability to outline the strengths and weaknesses of specific economic policies/decisions as: • the stating that Australia adopted a floating exchange rate is not evident • a clear link between the main points of the article to the likely impact on the Australian dollar in terms of appreciation or depreciation is not evident • outlining the likely positive and negative impact on the Balance of Payments (external stability) as a result of the above appreciation or depreciation of the Australian dollar is not evident The student has demonstrated the ability to outline the strengths and weaknesses of specific economic policies/decisions by: • stating that Australia adopted a floating exchange rate • linking the main points of the article to the likely impact on the Australian dollar in terms of appreciation or depreciation • outlining the likely positive and negative impact on the Balance of Payments (external stability) as a result of the above appreciation or depreciation of the Australian dollar

The student has not demonstrated the ability to analyse and interpret economic data in relation to the performance of the Australian economy as: • the likely economic impact is limited to two (2) sector only from the circular flow or • an outline of the likely impact on unemployment, GDP and the government budget is not evident The student has demonstrated the ability to analyse and interpret economic data/information from the article in relation to the performance of the Australian economy by: • outlining the likely economic impact on three (3) sectors from the circular flow model or • outlining the likely impact on unemployment, GDP and the government budget The student has demonstrated the ability to analyse and interpret economic data/information from the article in relation to the performance of the Australian economy by: • outlining the likely economic impact on three (3) sectors from the circular flow model • outlining the likely impact on unemployment, GDP and the government budget • stating specific economic data regarding unemployment, GDP and government budget

The student has not demonstrated the ability to link analysed and interpreted economic data/information from the article relating to economic measures and principles as: • the likely impact on the Balance on Goods and Services is not evident • the impact on the Balance on Current A/c is not evident or • the impact on the Financial A/c is not evident • the impact on the Net Primary A/c is not evident. The student has demonstrated the ability to link analysed and interpreted economic data/information from the article relating to economic measures and principles by: • stating the likely impact on the Balance on Goods and Services • stating the likely impact on the Balance on Current A/c or • stating the likely impact on the Financial A/c • stating the likely impact on the Net Primary A/c. The student has demonstrated the ability to link analysed and interpreted economic data/information from the article relating to economic measures and principles by: • stating the likely impact on the Balance on Goods and Services • stating the likely impact on the Balance on Current A/c

In summarising the article, the student has not identified and outlined major policy issues in relation to the Australian economy as: • a clear link of the main points of the article to external stability is not evident • a clear linking economic data from the article to external stability in terms of exports, imports or foreign investment is not evident or • a clear linking of the main ideas of the article to the likely economic impact on the Australian economy is not evident • a clear linking of the main ideas of the article to the likely impact on National income is not evident. In summarising the article, the student has identified and outlined major policy issues in relation to the Australian economy by: • clearly linking the main points of the article to external stability in terms of exports, imports or foreign investment • clearly linking economic data from the article to external stability in terms of exports, imports or foreign investment or • a clear linking of the main ideas of the article to the likely economic impact on the Australian economy • clearly linking the main ideas of the article to the likely impact on National income.