2.4 The student has not prepared and presented a document in accordance with economic/academic purpose and format as: • the format is unacceptable. The commentary includes 1. inconsistent font 2. inconsistent font size 3. single spacing • the word limit of 1000 is exceeded by more than 20% • the commentary does not have a logical development of ideas and structure. The student has prepared and presented a document in accordance with economic/academic purpose and format by: • academically acceptable format 1. consistent font 2. consistent font size 3. double spacing • maintaining a word limit of 1000 words with a 10% margin • providing a logical development of ideas and structure via linking sentence Some errors are acceptable providing they are not systemic.

PC Assessment Item Not Yet Satisfactory Satisfactory 2.2 Entire Commentary The student has not demonstrated the ability to present an academically acceptable commentary as: • the commentary is only supported by a maximum of three (3) intext references and/or formatted with systemic mistakes • intext referencing and a reference list is incorrectly formatted according to APA or Harvard method and/or has systemic mistakes • having the result from the plagiarism check through ‘Turnitin’ at greater than 25% and the essay include some 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 demonstrated the ability to present an academically acceptable commentary by: • providing a commentary with a minimum a four (4) intext references correctly formatted according to APA or Harvard method (some minor are acceptable however systemic mistakes are not acceptable) • providing intext referencing & a reference list correctly formatted according the to APA or Harvard method (some minor however not systemic mistakes are acceptable)

2.2 Entire Commentary 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

3.4 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. 0 marks ½ mark 1 mark

PC Assessment Item Not Yet Satisfactory Satisfactory 1.7 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

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

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