FORMATIVE ASSESSMENT FORMS OR TYPES:

PRESENTATION ESSAY CASE STUDIES REPORT DATA RESPONSE POSTER

Extract from:Integrated Programme of Development Economics Grade 11

Course Plan

Unit 11.3B: Competitive markets

Subject learning objective Learners can:

Language learning objective Learners can:

Subject-specific vocabulary and terminology efficiency, competition, costs, productivity, profits perfect competition, monopolistic competition productive efficiency, allocative efficiency, dynamic efficiency, X inefficiency productively efficient oligopoly, monopoly

Useful set(s) of phrases for dialogue/writing The main links between efficiency and competition are Allocative efficiency is achieved when price (AR) = marginal cost (MC). X inefficiency is usually associated with large firms operating in monopoly markets.

write a report on one Describe the types side of A4 explaining of competition the links between efficiency and competition. understand the importance of competition to improve efficiency. Analyse the effect of monopolies in a market economy

Understand the need for anti-trust policies and the form that they take and evaluate their effectiveness

All points on the average cost curve can be described as productively efficient.

Extract from:Integrated Programme of Development Economics Grade 11 Course Plan

Understand the importance of competition to improve efficiency

(I)(f) Ask learners to write a report on one side of A4 explaining the links between efficiency and competition. Ask learners to peer-mark reports, adding their comments. Reports returned to learners and form the basis of further class discussion.

Emphasise the importance of concise writing. Discuss and agree with the learners, at the outset of this task, the criteria, which will be used to mark the reports.

Gillespie, Andrew (2009) AS and A Level Economics 3rd Edition Oxford University Press Pages 31 36 www.economicsonline.co. uk Productivity and profits Efficiency

Formative:
Write a report on the importance of competition to improve effeciency one side of A4 Date of Submission: 24 February Source: www.economicsonline.co.uk

Subject: Economics

Grade 11

Theme: Competitive markets Learning objectives: The learners are able to D1 -understand the importance of competition to improve efficiency
Criteria: D - Communication and reflection Students write an essay"The importance of competition to improve efficiency by referring to allocative and productive efficiency, using diagrams
Learning objectives
Conclusion

Descriptors
Students can explain: In theory the links between efficiency and competition

Achieved

Working towards

LO1

The important relationship between costs and efficiency, explaining between both types of allocative and efficiency,using diagrams

Level 4 8-12 marks

A discussion the importance of competition to improve efficiency? A balanced answer All answers at this level must be underpinned with appropriate theoretical concepts. Complex ideas are expressed clearly and fluently using a style of writing appropriate to complex subject matter. Sentences and paragraphs, consistently relevant, are well structured and use appropriate terminology. There are few, if any, errors in spelling, punctuation and grammar. Be aware of statements which might appear as level but lack correct analytical underpinning and hence are level 2. A reasoned conclusion based on previous analysis is given.

Level 3 (5 7 marks)

An analysis understand the importance of competition to improve efficiency The answer must have relevant analytical underpinning Relatively straightforward ideas are expressed with clarity and fluency. Arguments are generally relevant, though may stray from the point of the question. There are some errors of spelling, punctuation and grammar but these are unlikely to be intrusive or to obscure meaning.

Level 2 (3-4 marks)

An application the importance of competition to improve efficiency Answers at the top of this level are likely to be largely framed around a series of examples Some simple ideas have been expressed in an appropriate context. There may be some errors of spelling, punctuation and grammar which may be noticeable and intrusive.

Level 1 (1-2 marks)

Knowledge and understanding the importance of competition to improve efficiency The answer shows basic knowledge of the importance of competition to improve efficiencyfor 2 marks it is essential . Some simple ideas have been expressed in an appropriate context. There may be some errors of spelling, punctuation and grammar which may be noticeable and intrusive.

PREPARED BY:
PETER MASOES
B. COMM(HONORS), HIGHER DIPLOMA IN EDUCATION

ECONOMICS DEPARTMENT NIS ASTANA

THE END