Assessment Type 1: Folio (40%)

Students undertake three or four tasks for the folio.

The folio should consist of a balanced program of tasks that assess the skills and conceptual understandings from the core topic that have been developed through different scenarios.

Students should demonstrate their ability to transfer understanding of economic concepts, principles, and models to a variety of contexts. They apply economic thinking to demonstrate their skills of economic inquiry. They use inquiry skills and data analysis skills to interpret and analyse evidence.

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.

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 The total word count for the three or four tasks combined should be a maximum of 4000 words if written, or the equivalent in oral or multimodal form, where 6 minutes if 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 and evaluation.