Criteria: Low, Fair, Above Average and Excellent

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Criteria01234Max Marks
Identification of Malaysia’s economic system

No identification of Malaysia’s economic system
Incorrect identification of Malaysia’s economic system
Correct and brief explanation on Malaysia’s economic system.Correct and clear explanation on Malaysia’s economic system.Correct and extensive explanation on Malaysia’s economic system. 10
Evaluation on Malaysia’s economic system.

No evaluation on Malaysia’s economic system.
Unclear evaluation on Malaysia’s economic system.
Brief evaluation on Malaysia’s economic system.
Clear evaluation on Malaysia’s economic system.
Able to evaluate and discuss extensively on Malaysia’s economic system.

20
Rationale of Malaysia’s economic system on utility maximization

No rationale of Malaysia’s economic system on utility maximization

Unclear discussion on the rationale of Malaysia’s economic system on utility maximization

Brief discussion on the rationale of Malaysia’s economic system on utility maximization

Clear discussion on the rationale of Malaysia’s economic system on utility maximization

Able to discuss in detail the rationale of Malaysia’s economic system on utility maximization

30
Rationale of Malaysia’s economic system on pricing mechanism for distribution of goods and services.

No rationale of Malaysia’s economic system on pricing mechanism for distribution of goods and services.

Unclear rationale of Malaysia’s economic system on pricing mechanism for distribution of goods and services.

Brief rationale of Malaysia’s economic system on pricing mechanism for distribution of goods and services.

Clear rationale of Malaysia’s economic system on pricing mechanism for distribution of goods and services.

Able to discuss in detail the rationale of Malaysia’s economic system on pricing mechanism for distribution of goods and services.

30
References and citations

No...
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