Rubric for Grading Supply and Demand... many if not most economics related... Questions

 5          Student clearly presents and fully explains the impact of the proposed change in terms of a supply and demand diagram.  Graph is appropriately drawn and labeled.  Discussion is in terms of identified criteria.

4          Student presents and explains the impact of the proposed change in terms of a supply and demand diagram.  Either the explanation or the graph is less than clear, but they do not contain factual errors.

3          Student presents and explains the impact of the proposed change in terms of a supply and demand diagram, but presentation contains factual errors.

2          Student presents and explains impact of proposed change in terms of a supply and demand diagram.  Presentation contains serious factual errors.

1          Student does not present the impact of the proposed change in terms of a supply and demand diagram.

This is applied in the following way.  For example, say we have 35-point question and we rate the answer as a “3.5”.  The calculation becomes:

(3.5/5) * 35 = 24.5

so, 24.5 - 35 = -10.5 points.