Associated Assessment Criteria for Exit Level Outcome 1:
Business and economic problems as well as case studies are analysed, using appropriate principles and techniques.
The different approaches, models and concepts with reference to selected real world settings are critically discussed.
The theory, models and practice of economics are applied when suggesting solutions to business and economic problems or case studies.
Associated Assessment Criteria for Exit Level Outcome 2:
The different development problems facing economies are evaluated.
The implications of different development policies on countries are assessed.
Implementable policies and solutions suitable for developing nations are critically discussed.
Economic issues, concerns and developments in the global world are analysed and their impacts on the South African and the global economy interpreted.
Associated Assessment Criteria for Exit Level Outcome 3:
Presentation and peer-to-peer evaluation skills are used.
Reports on case studies and scenarios are evaluated with the aim to discover the underlying theoretical principles.
An evaluation report is presented to a ‘client’ in a simulated situation.
Associated Assessment Criteria for Exit Level Outcome 4:
The works of fellow economists and academics are critically examined.
Complicated case studies are analysed, exhibiting knowledge of the economy and business operation aimed at ethical and socially responsible enterprises.
Suitable analytical techniques in appropriate case studies are applied, illustrating ethical, legal and socially responsible decisions.
Associated Assessment Criteria for Exit Level Outcome 5:
Advanced literature in the chosen area of research is critically reviewed, analysed and evaluated.
Improvements on appropriate research designs are developed and suggested.
Research findings and recommendations are effectively presented and communicated, catering for a range of audiences, using appropriate academic or professional discourse.
Existing research is compiled and replicated.
Integrated Assessment:
Integrated Assessment will be achieved by a variety of strategies, including written examinations, individual projects, assignments and a research report. Learners are required to demonstrate an ability to consider a range of options and make decisions in economics, as well as to understand, reflect and critically evaluate the fundamental issues as they pertain to the work place or professional environment. Learners are provided detailed feedback separately for each module. Learners are informed of both positive and negative aspects of their formative and summative assessments. This is done in such a way as to enable them to learn from their first attempts, and to be able to improve on their performance in subsequent assessments. To this end, the feedback provided is detailed and addresses the outcomes of the specific module.
The applied research paper is designed to integrate the abilities acquired in the compulsory and elective units. A variety of assessment methods, tools and activities are used. These are appropriate to the context in which the learner is working or will work and include:
Portfolios.
Simulations.
Written assignments.
Case studies and presentations.
Group Discussions.
Written research proposal.
Examination of the research dissertation.
The assessment practices are open, transparent, fair, valid, and reliable and ensure that no learner is disadvantaged. The integrated approach to assessment is incorporated into the qualification, interweaving learning, teaching and assessment. The assessment of knowledge, skills, attitudes and values shown in the qualification are integrated with the fundamental research modules and practical contexts wherever possible.
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