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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.