Grade Ladder – Economics : Wickersley School & Sports College

Grade Ladder – Economics

AO1

35%

Show knowledge and understanding

I can explain theories, models, characteristics, advantages and disadvantages of economic concepts and issues.

AO2

35%

Apply knowledge and understanding

I can use the data and information from the case study to explain economic concepts.

I can use case study data to do calculations (remembering formulae).

AO3

30%

Analyse and Evaluate

I can give a well-developed and logical chain of reasoning by developing causes and consequences from a point.

I can make a judgement and draw conclusions from economic evidence.

Grade	Command Words + AO’s	Knowledge and Skills
W1	Select AO1	I can select some correct responses from a choice of answers.
W2	Define AO1	I can recall some subject specialist key terms.
W3	Define AO1	I can give a partial definition of a key term using non-subject specialist vocabulary.
1	Multiple Choice Questions AO1 Define key terms AO1 “Select one answer” “Define the key term”	I can consistently demonstrate good knowledge by selecting the correct answers to MCQ’s. I can give a complete definition of key terms using appropriate, subject specialist vocabulary.
2	State AO1 Calculate AO2 “State two causes/types/costs” “State two government objectives” “Calculate the unemployment rate”	I can offer more knowledge about an economic theory that is not just a key term or definition. I can apply the appropriate formulae / method to quantitative data to complete a calculation.
3	Draw AO2 Explain AO1 – limited “Draw the effects of an increase in demand” “Explain one benefit/reason why/ cause/ effect/ drawback”	I can accurately draw and label a demand and supply diagram, showing the new equilibrium price and quantity. I can identify a correct reason or give a correct benefit / drawback of an economic concept.
4	Explain AO1 – secure “Explain why a rise in GDP increases the standard of living” “Using figure X, explain the relationship between the exchange rate and balance of payments”	I can show understanding by developing my point with an appropriate chain of reasoning. I can give a full and precise explanation of the economic concept using the data.
5	Explain AO2 “Using Figure X, explain two ways that low interest rates have affected the level of business investment in the UK economy”	I can identify two points that respond to the question and follow both points up with logical chains of reasoning.
6	Analyse AO2 + AO3 – limited “Analyse the likely consequences/ impact of/ why”	I can identify two points (these could be benefits/drawbacks/ impacts/reasons) and start to develop a chain of reasoning.
7	Analyse AO2 + AO3 – secure “Analyse the impact of the discount supermarkets entering the UK supermarket industry”	I can use the case study to identify two relevant points (these could be benefits/drawbacks/impacts/reasons) and give a developed logical chain of reasoning.
8	Assess AO2 + AO3 “Assess the impact/decision” “Assess whether the Government should reduce the budget deficit”	I can identify two points to use as the basis of a balanced argument, drawing on the case study information. My response presents a well-developed logical chain of reasoning, relevant to the context. My response concludes with a relevant judgement and full justification, which is supported by evidence from the case study. I use specialist language throughout. I use paragraphs to structure my answer.
9	Evaluate AO2 + AO3 “Justify your view/ discuss whether” “Which government policy is most effective at addressing regional inequalities in the UK? Justify your view”	I can identify three points to use as the basis of a balanced argument, drawing on all of my economic subject knowledge and the case study information. My response contains a well-developed logical chain of reasoning, relevant to the context. My overall judgement is supported by evidence. I use specialist language throughout. I use paragraphs to structure my answer.