New Zealand Scholarship Economics Sample

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Use the New Zealand Scholarship Economics Resource Booklet. Answer ALL the ... NOTE: This exemplar is adapted from the 2011 Scholarship examinations.
SCHOLARSHIP EXEMPLAR

S

New Zealand Scholarship Economics Time allowed: Three hours Total marks: 24

EXAMINATION BOOKLET Use the New Zealand Scholarship Economics Resource Booklet. Answer ALL the questions in this booklet. If you need more room for any answer, use the extra space provided at the back of this booklet.

Question

Mark

ONE

6

TWO

6

THREE

6

TOTAL

18/24

Assessor’s use only

Check that this booklet has pages 2 –26 in the correct order and that none of these pages is blank. YOU MUST HAND THIS BOOKLET TO THE SUPERVISOR AT THE END OF THE EXAMINATION.

NOTE: This exemplar is adapted from the 2011 Scholarship examinations. © New Zealand Qualifications Authority, 2012. All rights reserved. No part of this publication may be reproduced by any means without the prior permission of the New Zealand Qualifications Authority.

Graph and explanation clearly show synthesis and integration of resource material and application of economic theory in context.

New Zealand Scholarship Economics Sample

Relevant synthesis and application of economic theory to explain links and interrelationships. (This relates to all three responses.)

New Zealand Scholarship Economics Sample

Graph and explanation clearly show synthesis and integration of resource material and application of economic theory in context.

Relevant synthesis and application of economic theory to explain links and interrelationships.

New Zealand Scholarship Economics Sample

New Zealand Scholarship Economics Sample

New Zealand Scholarship Economics Sample

New Zealand Scholarship Economics Sample

New Zealand Scholarship Economics Sample

Essay shows sufficient evidence for Scholarship. It demonstrates analysis and critical thinking of the free market in achieving allocative efficiency in the world market for food. It is logically developed with precision and clarity, but doesn’t completely address some of the relevant concepts evident in the information provided. Lacks sophisticated integration and depth of application of economic theory – therefore doesn’t reach Outstanding Scholarship.

6 New Zealand Scholarship Economics Sample

Clear application of economic theory in context.

Graph and explanation clearly show synthesis and integration of resource material and application of economic theory in context.

Explanation clearly shows synthesis and integration of resource material and application of economic theory in context.

New Zealand Scholarship Economics Sample

New Zealand Scholarship Economics Sample

New Zealand Scholarship Economics Sample

The essay shows sufficient evidence for Scholarship because it demonstrates some analysis and critical thinking of the effectiveness of government policies on tobacco and alcohol. The essay follows a logical development with precision and clarity of ideas in relation to the effectiveness of government policies on alcohol; however, it doesn’t adequately address the comparison of the effectiveness of government policies on tobacco and alcohol. Therefore it lacks a degree of perception. The essay lacks sophisticated integration and depth of application of economic theory regarding future government intervention in the market for alcohol. Does not reach Outstanding Scholarship.

6

Clear application of economic theory in context.

Although the recessionary gap illustrated is excessive, the graph adequately shows synthesis and integration of resource material, and application of economic theory in context. Explanation clearly shows synthesis and integration of resource material, & application of economic theory in context.

The explanation effectively demonstrates the synthesis and integration of resource material and application of economic theory in context.

Relevant application of economic theory to explain links and interrelationships (this relates to all three responses).

New Zealand Scholarship Economics Sample

The response indicates some application of economic theory to explain links and interrelationships, but could have developed other factors affecting the monetary policy time lag.

New Zealand Scholarship Economics Sample

New Zealand Scholarship Economics Sample

New Zealand Scholarship Economics Sample

New Zealand Scholarship Economics Sample

New Zealand Scholarship Economics Sample

New Zealand Scholarship Economics Sample

New Zealand Scholarship Economics Sample

New Zealand Scholarship Economics Sample

6

The essay shows sufficient evidence for Scholarship because it demonstrates an adequate analysis of the relevant inflationary and deflationary factors in the economy. The essay follows a logical development with precision and clarity of ideas in relation to the inflationary and deflationary factors. However, it doesn’t adequately evaluate these factors in the overall context of the economy. There are errors in the analysis of the appropriate monetary policy settings and this impacts on the quality of the critical thinking. As a consequence, the essay lacks sophisticated integration and depth of application of economic theory. It does not reach Outstanding Scholarship.

New Zealand Scholarship Economics Sample

S

OUTSTANDING SCHOLARSHIP EXEMPLAR

New Zealand Scholarship Economics Time allowed: Three hours Total marks: 24

EXAMINATION BOOKLET Use the New Zealand Scholarship Economics Resource Booklet. Answer ALL the questions in this booklet. If you need more room for any answer, use the extra space provided at the back of this booklet.

Question

Mark

ONE

7

TWO

8

THREE

7

TOTAL

22/24

Assessor’s use only

Check that this booklet has pages 2 –26 in the correct order and that none of these pages is blank. YOU MUST HAND THIS BOOKLET TO THE SUPERVISOR AT THE END OF THE EXAMINATION.

NOTE: This exemplar is adapted from the 2011 Scholarship examinations. © New Zealand Qualifications Authority, 2012. All rights reserved. No part of this publication may be reproduced by any means without the prior permission of the New Zealand Qualifications Authority.

Graph and explanation clearly show an excellent level of abstraction and integration of the resource material and the application of economic theory in context.

New Zealand Scholarship Economics Sample

Relevant abstraction and application of economic theory to explain links and interrelationships. (This applies to all three responses.) While the candidate interpreted the impact on New Zealand food processors differently to that anticipated, the answer was still sound.

New Zealand Scholarship Economics Sample

Graph and explanation clearly show abstraction and integration of resource material and application of economic theory in context.

Relevant abstraction and application of economic theory to explain links and interrelationships.

New Zealand Scholarship Economics Sample

New Zealand Scholarship Economics Sample

New Zealand Scholarship Economics Sample

New Zealand Scholarship Economics Sample

New Zealand Scholarship Economics Sample

7 New Zealand Scholarship Economics Sample

There is sufficient evidence for Outstanding Scholarship because the essay demonstrates a high level of analysis and critical thinking. Overall there is sophistication in the abstraction and integration of the resource material. There is perception and insight regarding the analysis of the allocative efficiency of the world market for food. The essay follows a logical development with precision and clarity of ideas, and is convincingly communicated. Although it is somewhat lacking in terms of evaluation as to whether it is the free market or government intervention that would be more successful in achieving allocative efficiency, on balance it reached Outstanding Scholarship.

New Zealand Scholarship Economics Sample

Clear application of economic theory in context. Graph and explanation clearly show abstraction and integration of resource material and application of economic theory in context.

New Zealand Scholarship Economics Sample

Explanation clearly shows abstraction and integration of resource material and application of economic theory in context, and fully addresses the reasons for the increase in PED for tobacco.

New Zealand Scholarship Economics Sample

New Zealand Scholarship Economics Sample

New Zealand Scholarship Economics Sample

New Zealand Scholarship Economics Sample

8 New Zealand Scholarship Economics Sample

There is sufficient evidence for Outstanding Scholarship because the candidate’s response demonstrates a high level of analysis and critical thinking, as well as insight and perception regarding the government intervention in the markets for tobacco and alcohol. Overall there is sophistication in the abstraction and integration of the key elements from the resource material, which is interwoven throughout the essay. The essay follows a logical development with precision and clarity of ideas, and these are convincingly communicated. There is also clear evidence of evaluation of the strengths and weaknesses of possible policy responses.

New Zealand Scholarship Economics Sample

Adequate application of economic theory in context, though greater abstraction of resource material would have improved the answer.

The graph and explanation adequately shows abstraction and integration of resource material and application of economic theory in context. New Zealand Scholarship Economics Sample

The explanation effectively communicates the abstraction and integration of resource material and application of economic theory in context.

Relevant abstraction and application of economic theory to explain links and interrelationships (this relates to all three responses).

New Zealand Scholarship Economics Sample

The response indicates some application of economic theory to explain links and interrelationships, but could have developed other factors affecting the monetary policy time lag.

New Zealand Scholarship Economics Sample

New Zealand Scholarship Economics Sample

New Zealand Scholarship Economics Sample

New Zealand Scholarship Economics Sample

New Zealand Scholarship Economics Sample

There is sufficient evidence for Outstanding Scholarship. The candidate’s response demonstrates a high level of analysis and critical thinking, as well as insight and perception regarding the monetary policy dilemma. Overall, there is sophistication in the abstraction. A superb level of integration is demonstrated with key elements of the resource material interwoven throughout the essay. The essay follows a logical development with precision and clarity of ideas, which are convincingly communicated. There is also clear evidence of evaluation of the strengths and weaknesses of possible monetary responses. New Zealand Scholarship Economics Sample

7

New Zealand Scholarship Economics Sample

New Zealand Scholarship Economics Sample