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Subject:
Economics Level 1
Standard No: AS 90984 Credits: 5
Standard Title: Demonstrate understanding of decisions a producer makes about production
Achievement
Achievement with Merit
Achievement with Excellence
Demonstrate understanding of decisions a producer makes about production.
Demonstrate in-depth Demonstrate comprehensive understanding of decisions a understanding of decisions a producer makes about production. producer makes about production.
Key Requirements (tick) The student correctly calculates the percentage change in production, calculates productivity from their input and output data, and presents their data and information clearly; their table is accurately labelled and measures the firms productivity using labour inputs. The student correctly calculates the percentage change in production, calculates and shows changes in productivity from their input and output data, presents their data and information clearly and explains whether this is an improvement or a worsening of productivity. The table is accurately labelled and measures the firms productivity using labour inputs. The input and output figures match, either as dollar or number figures. The student uses supporting data or information to justify the explanations of production decisions in a cohesive manner. The data is accurately labelled and measures the firms productivity using labour inputs. The student mentions some of the consequences and gives textbook-type answers for goals and for price and non-price competition, mostly using correct economic language. The student explains in detail the consequences for goals and for price and non-price competition for society of the production decisions. The student explains in detail the consequences and integrates their explanations of the consequences for goals and price and non-price competition for society with their explanations of production decisions. The student mentions micro consequences and uses textbook-type answers for goals and for price and non-price competition, and also gives a macro view of consequences, using appropriate economic language. The student provides a valid explanation of the payoffs and motives for Cadbury non-commercial goals, how these have affected producer decisions, and their impact on productivity. The student also provides an explanation of Cadbury non-price marketing strategies, linking these production decisions to the consequences for society and vice versa , for example: the effect of unhealthy eating on society (due to price and non-price marketing) also impacts on producers as shown by the decision to now label their wrapper with the treatwise logo. The student demonstrates understanding of data that relates to producer decisions. The student demonstrates in-depth understanding of data that relates to producer decisions, provides detailed explanations of the producers decisions, and uses their data to support their explanations. The student demonstrates comprehensive understanding of data that relates to producer decisions, provides detailed explanations of the producers decisions, and integrates the data into detailed explanations of the producers decisions. All the explanations are integrated by being linked to the information.
