Criteria: Low, Fair, Above Average and Excellent

Satisfactory Essays
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



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

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