The Humanities – Economics Assessment Map – Sample at 4.5
For Level 3, please see The Humanities Assessment map.
What does the future hold?
Context
This task was part of a unit of work that focused on developing students’ personal financial management skills. Through class discussion and research activities, students investigated budgets as a strategy for supporting decision-making when dealing with money. Students considered what a budget is; how using a budget can help them make decisions about managing personal finances; and the implications of not using a budget.
Using subject-specific language students were required to prepare a report focusing on:
- describing what a budget is
- ways in which a budget supports personal decision-making when dealing with money
- the implications of not using a budget when managing personal finances
- describing how a budget helps individuals become informed consumers.
The element of the Economic knowledge and understanding Level 5 standard addressed by this task is:
Students make informed economic and consumer decisions, demonstrating the development of personal financial literacy.
Sample
The following work sample, and the related Economics 4.5 progression point examples, illustrate the kinds of responses that students produce as they progress towards the Level 5 standard.
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Annotation
Economic knowledge and understanding – 4.5
- Describes briefly what a budget is.
- Lists ways that budgets can support effective personal decision-making when managing personal finances.
- Identifies one implication only of what is likely to occur if budgeting is not used when managing personal finances.
- Does not make the link between using a budget when managing personal finances and becoming an informed consumer.
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