Criteria: Low, Fair, Above Average and Excellent
Low Fair Above average Excellent
Criteria 0 1 2 3 4 Max 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
Criteria 0 1 2 3 4 Max 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
References: and citations did not follow the HARVARD format. 1 relevant reference was given. Some references and citations using the HARVARD format. 2-3 relevant references were given. Most references and citations used the HARVARD format. 4-5 relevant references were given. All references and citations used the HARVARD format. More than 5 relevant references were given. 10 Total points 100