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    Economics 2019 v1.1: Unit 2 Sample Assessment Instrument

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    Aahz Mandius
    This document provides a sample assessment for a Year 12 Economics unit on modified markets. It outlines an examination where students will be asked to write an analytical essay of 800-1000 words in response to an unseen question. Students will be able to refer to 6 seen sources and 3 unseen sources provided. The task will require students to analyze the extent of income inequality in Australia and evaluate a proposal to reduce the minimum wage to embrace a more market-based system of determining wages. Criteria like economic growth, income distribution, and employment will be used to draw a conclusion about the proposal.

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    Economics 2019 v1.1: Unit 2 Sample Assessment Instrument

    Uploaded by

    Aahz Mandius
    27 views4 pages
    This document provides a sample assessment for a Year 12 Economics unit on modified markets. It outlines an examination where students will be asked to write an analytical essay of 800-1000 words in response to an unseen question. Students will be able to refer to 6 seen sources and 3 unseen sources provided. The task will require students to analyze the extent of income inequality in Australia and evaluate a proposal to reduce the minimum wage to embrace a more market-based system of determining wages. Criteria like economic growth, income distribution, and employment will be used to draw a conclusion about the proposal.

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    snr_economics_19_unit2_exam_smple_ass_inst

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    This document provides a sample assessment for a Year 12 Economics unit on modified markets. It outlines an examination where students will be asked to write an analytical essay of 800-1000 words in response to an unseen question. Students will be able to refer to 6 seen sources and 3 unseen sources provided. The task will require students to analyze the extent of income inequality in Australia and evaluate a proposal to reduce the minimum wage to embrace a more market-based system of determining wages. Criteria like economic growth, income distribution, and employment will be used to draw a conclusion about the proposal.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    27 views4 pages

    Economics 2019 v1.1: Unit 2 Sample Assessment Instrument

    Uploaded by

    Aahz Mandius
    This document provides a sample assessment for a Year 12 Economics unit on modified markets. It outlines an examination where students will be asked to write an analytical essay of 800-1000 words in response to an unseen question. Students will be able to refer to 6 seen sources and 3 unseen sources provided. The task will require students to analyze the extent of income inequality in Australia and evaluate a proposal to reduce the minimum wage to embrace a more market-based system of determining wages. Criteria like economic growth, income distribution, and employment will be used to draw a conclusion about the proposal.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 4

    Economics 2019 v1.

    1
    Unit 2 sample assessment instrument
    September 2018

    Examination — extended response to stimulus


    This sample has been compiled by the QCAA to assist and support teachers in planning and
    developing assessment instruments for individual school settings.
    Schools develop internal assessments for each senior subject, based on the learning described
    in Units 1 and 2 of the subject syllabus. Each unit objective must be assessed at least once.

    Assessment objectives
    This assessment instrument is used to determine student achievement in the following
    objectives:
    1. comprehend economic concepts, principles and models of markets and efficiency, and
    market measures and strategies
    2. select data and economic information from sources relevant to markets and efficiency, and
    market measures and strategies
    3. analyse an economic issue that involves markets and efficiency, and market measures
    and strategies
    4. evaluate an economic situation relevant to markets and efficiency, and market measures
    and strategies
    5. create responses that communicate economic meaning to suit the intended purpose in an
    analytical essay.
    171591
    Subject Economics

    Technique Examination — extended response to stimulus

    Unit 2: Modified markets

    Topic 2: Case options of market measures and strategies

    Conditions

    Time 2 hours Planning time 15 minutes

    Word length 800–1000 words Seen/unseen Unseen question

    Other • Stimulus material:


    six seen sources to be provided to students seven days before the examination
    three unseen sources to be provided to students at the start of the examination.
    • Rulers free from markings other than measurement indicators are permitted.
    • Non-programmable calculator permitted.

    Instructions

    • The provided planning paper will not be collected.


    • Answer in the supplied ‘Response booklet’, writing on one side of each page only.
    • The response may be:
    hand written
    produced in a word-processing document. During the exam, you will be working in a secure
    electronic folder and have no access to the internet, instant messaging or a grammar, punctuation
    and spelling checker.

    Task

    Create an analytical essay, using both seen and unseen stimulus material, to analyse the extent of
    income inequality in Australia.
    Evaluate a proposal that embraces a more market-based system of determining wages by reducing the
    minimum wage. Use two criteria to draw a conclusion about the proposal, for example economic growth
    and sustainability, distribution of income and wealth, economic efficiency and/or employment.

    Stimulus

    Refer to the seen and unseen stimulus material.

    Feedback

    Economics 2019 v1.1 Queensland Curriculum & Assessment Authority


    Unit 2 sample assessment instrument September 2018
    Page 2 of 4
    Stimulus
    List of sources

    Source Focus Mode Seen/ unseen Resources

    1 Australian Infographic: Australian Seen McCrindle Research Pty Ltd, n.d.


    income and income and wealth ‘Australia’s household income and
    wealth statistics distribution by wealth distribution’,
    household quintiles http://mccrindle.com.au/the-mccrindle-
    (blog) blog/australias-household-income-and-
    wealth-distribution
    Text: One paragraph on
    the Gini coefficient and
    one paragraph on
    highest earners

    2 Poverty in Table: Table 4 — Rate Seen Australian Council of Social Service


    Australia of poverty – proportion 2016, ‘Poverty in Australia 2016’,
    of people from different www.acoss.org.au/wp-
    groups living below content/uploads/2016/10/Poverty-in-
    poverty lines in 2013– Australia-2016.pdf
    14

    Text: One sentence


    description of Table 4

    3 Minimum and Graph: Ratio of Seen ABC News 2011, ‘Graph 6 — Ratio of
    average wages minimum wage to minimum wage to average wage’, 13
    average wage December,
    www.abc.net.au/news/2011-12-
    13/possum-graph-6-ration-of-minimum-
    wage-to-average-wage/3727692

    4 Australian Graph: Figure 9 — Seen Richardson, D and Denniss, R 2014


    household Income distribution ‘Income and Wealth Inequality in
    income and before and after the tax Australia’, The Australia institute, Policy
    income and transfer system Brief no. 64, July,
    distribution www.tai.org.au/sites/default/files/PB%2
    064%20Income%20and%20wealth%20
    inequality%20FINAL.pdf

    5 Income Text: Extract of 206 Seen Whiteford, P 2017, ‘Income inequality


    inequality in words (three in Australia and its impacts’, Australian
    Australia paragraphs) National University — Crawford School
    of Public Policy’, 24 March,
    https://crawford.anu.edu.au/research/i
    mpact/6694/income-inequality-
    australia-and-its-impacts

    6 Where are the Graph: The world’s Seen Myers, J 2016, ‘Where are the world’s
    world’s highest highest minimum wages highest minimum wages?’ World
    minimum Economic Forum,
    wages? 4 April,
    www.weforum.org/agenda/2016/04/wh
    ere-are-the-world-s-highest-minimum-
    wages

    Economics 2019 v1.1 Queensland Curriculum & Assessment Authority


    Unit 2 sample assessment instrument September 2018
    Page 3 of 4
    7 Evolution of the Text: Excerpt of 114 Unseen Bray, J R 2013, ‘HC Coombs Policy
    minimum wage words in one paragraph Forum Findings: Reflections on the
    in Australia evolution of the minimum wage in
    Australia: Options for the future’,
    Australian National University, May,
    https://devpolicy.crawford.anu.edu.au/p
    ublic_policy_community/content/doc/Mi
    nimum%20wage%20Summary.pdf

    8 Minimum wage Text: Excerpt of 278 Unseen ABC News 2016, ‘RMIT (University)
    and words on the review by Fact Check: Does the minimum wage
    unemployment the European increase unemployment?’, 3 March,
    Commission into the www.abc.net.au/news/2015-03-
    employment effects of 12/minimum-wage/6290482
    minimum wages

    9a Labour market Graph: Labour market Unseen Reserve Bank of Australia 2018,
    (Released on 5 ‘Labour market’, www.rba.gov.au/chart-
    September 2018) pack/factors-prod-labour-mkt.html

    9b Estimated Graph: Estimated Unseen D’Arcy, P (et al.) 2012, ‘Bulletin —


    worker flow worker flows – selected December Quarter 2012: Labour
    industries market turnover and mobility’ (Graph 9:
    Estimated worker flows — selected
    industries), Reserve Bank of Australia,
    www.rba.gov.au/publications/bulletin/2
    012/dec/1.html

    Economics 2019 v1.1 Queensland Curriculum & Assessment Authority


    Unit 2 sample assessment instrument September 2018
    Page 4 of 4

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