A

Deep and broad understanding of economic concepts, principles, and models. 

Highly effective application of economic concepts, principles, and models in a variety of contexts.

Highly effective application of communication skills in economic contexts.

Highly effective application of economic thinking to construct reasoned arguments.

Astute analysis of a range of data and other information using economic concepts, principles, and models.

Comprehensive analysis of the intended and unintended consequences of economic decisions.

B

Well-developed understanding of economic concepts, principles, and models. 

Mostly effective application of economic concepts, principles, and models in a variety of contexts.

Mostly effective application of communication skills in economic contexts.

Mostly effective application of economic thinking to construct arguments with some reasoning. 

Well-considered analysis of a range of data and other information using economic concepts, principles, and models.

Well-considered analysis of the intended and unintended consequences of economic decisions. 

C

Adequate understanding of economic concepts, principles, and models. 

Generally effective application of economic concepts, principles, and models in a variety of contexts.

Generally effective application of communication skills in economic contexts.

Generally effective application of economic thinking to construct arguments. 

Considered analysis of a range of data and other information using economic concepts, principles, and models.

Considered analysis of the intended and unintended consequences of economic decisions. 

D

Basic understanding of economic concepts, principles, and models. 

Some application of economic concepts, principles, and models in a context.

Some application of communication skills in economic contexts.

Some application of economic thinking to construct one or more arguments. 

Some analysis of data and other information using economic concepts, principles, and models.

Some analysis of the intended or unintended consequences of an economic decision. 

E

Limited understanding of one or more economic concepts, principles, or models. 

Attempted application of economic concepts, principles, and models in a context.

Attempted application of communication skills in an economic context.

Attempted application of economic thinking to construct an argument. 

Attempted description of some data or other information using economic concepts, principles, or models.

Attempted analysis of an intended or unintended consequence of an economic decision.