Overall Score: 12/14
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Criteria A: Diagrams
3/3
0
2
3
Criteria Strands
Good
Diagram inclusion and accuracy
Good
Diagram explanation
Criteria Feedback
- Diagrams are relevant, accurate and correctly labelled with all key elements (MPB/MPC/MSB, social optimum, DWL) present.
- Graphical representation clearly illustrates the externality wedge and welfare loss.
- Minor spelling errors do not obscure the correctness of the diagram.
- Explanation of the diagram remains somewhat brief and could benefit from deeper interpretation of each shift.
- Inconsistency between consumption vs production externality context.
- Missing a legend or colour differentiation to distinguish curves visually.
Criteria B: Terminology
2/2
0
1
2
Criteria Strands
Excellent
Use of economic terminology
Criteria Feedback
- Consistent and appropriate use of technical terms such as ‘negative externality’, ‘allocative inefficiency’, and ‘deadweight loss’.
- Terminology is accurate and used correctly in context throughout the commentary.
- Occasional spelling errors (e.g. ‘requlators’) detract slightly from professionalism.
- A more formal tone in places (e.g. avoid casual phrasing like ‘drawbacks’) would enhance clarity.
Criteria C: Application and Analysis
3/3
0
2
3
Criteria Strands
Good
Application of economic theory
Poor
Quality of economic analysis
Criteria Feedback
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- Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
- Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
- Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
Criteria D: Key Concept
2/3
0
2
3
Criteria Strands
Excellent
Identification of key concept
Good
Connection to article
Criteria Feedback
- Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
- Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
- Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
- Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
Criteria E: Evaluation
2/3
0
2
3
Criteria Strands
Poor
Quality of judgments
Poor
Supporting reasoning
Criteria Feedback
- Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
- Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.
- Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
- Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.