Assessment Type 1: Folio

The folio should consist of a balanced program of tasks that assess the skills, knowledge, and understanding of Stage 1 Economics.

For a 10-credit subject, students undertake two folio tasks.

For a 20-credit subject, students undertake four folio tasks.

Students demonstrate application of their understanding of economic concepts, principles, and models in a variety of known and unknown contexts. They apply their inquiry skills and analyse qualitative and quantitative data to present economic arguments.

At least one folio task could be a collaborative task. While collaboration is encouraged for the benefits it brings to the learning environment, students will only be assessed on their individual contribution. For example, students may work in groups to conduct the initial research of a topic which they use to prepare and submit an individual report for assessment.

The folio tasks should enable students to demonstrate their learning through the economic contexts.

Evidence may be presented as, but is not limited to:

• an essay, blog, or analytical report
• a multimodal presentation
• an interview or viva
• short and/or extended responses
• annotated graphs or diagrams.

Each folio task is allocated a word limit.

For a 10-credit subject, the evidence for the two tasks combined should comprise a maximum of 1800 words if written, or the equivalent in oral or multimodal form, where 6 minutes is equivalent to 1000 words.

For a 20-credit subject, the evidence for the four tasks combined should comprise a maximum of 3600 words if written, or the equivalent in oral or multimodal form, where 6 minutes is equivalent to 1000 words.

For this assessment type, students provide evidence of their learning in relation to the following assessment design criteria:

• understanding
• application
• analysis.