Essay Marking Guide (marked out of 30 and then converted to 35%) | = Insufficient S = Satisfactory G=Good V=VeryGood E = Excellent Referencing and Essay Structure (a) At least 6 to 10 credible and relevant references. (b) Correct in-text citation and referencing using the Chicago style, and referencing consistent with academic integrity. (c) Report structured with a relevant introduction, body paragraphs and conclusion that addresses the question. (d) Correct spelling (Australian English not US), grammar, sentence structure and paragraph formation. (e) Adherence to the word limit (+/- 10%) and prescribed report formatting outlined in the report checklist. (f) Use of academic language; report written in the 3rd person. (g) Clear and neat presentation. Refer to the report checklist. Essay Answer Maximum 20 (a) Define and explain relevant economic concepts and models (economic diagrams) that are important to framing a response to the question. (b) Use relevant economic terminology accurately throughout the report. (c) Clearly communicate key ideas, economic knowledge, economic models and theory relevant to addressing all aspects of the question in a coherent and logically sequenced manner. (d) Apply relevant economic reasoning and analytical skills to a real world context. (e) Demonstrate the ability to research, interpret and synthesize relevant sources including data and empirical evidence to substantiate key ideas and make informed and balanced judgements