Rubric – Perspectives on economic behaviour

An assessment rubric provides a framework for thinking about whether an assignment is on the right track with respect to key criteria. As for assignment 1, the rubric presented in table 1 contains three levels: unsatisfactory, satisfactory and outstanding.

More information on how to interpret and apply the rubric will be provided in class on 27 November 2025.

Table 1: Assignment 2 rubric

Criteria	Unsatisfactory	Satisfactory	Outstanding
1. Data Analysis and Modelling	Data are incomplete, incorrect, or not used appropriately; demand curve not attempted or misinterpreted.	Correctly estimates a demand curve with basic interpretation of the results (eg. elasticity)	Analysis is thorough, accurate, and demonstrates clear understanding of modelling choices and their implications.
2. Interpretation of Market Concepts	Demonstrates limited or incorrect understanding of demand, market-clearing price, or economic rents.	Accurately explains and applies key concepts (demand, equilibrium, rents) to the data.	Shows deep conceptual insight, connecting theory to data effectively and discussing implications clearly.
3. Evaluation of Allocation Methods	Fails to address allocation methods or discusses them superficially without clear reasoning.	Compares allocation methods (first-come-first-served, lottery, market-clearing) for fairness and efficiency.	Provides a nuanced evaluation of the stated — and other — allocation methods, showing critical reflection on fairness, efficiency, and policy relevance.
4. Policy Recommendation and Reflection	No clear recommendation or rationale; ignores the data and/or findings.	Provides a reasoned recommendation for ticketing policy consistent with analysis.	Recommendation is well-argued, creative, and integrates quantitative results with thoughtful reasoning.
5. Structure, Clarity, and Referencing¹	Poorly structured, unclear writing; references missing or incorrect; use of AI not disclosed.	Clear, logical structure; correct referencing; AI use disclosed if relevant.	Exceptionally clear and well-organised writing; references integrated smoothly; strong academic tone.

Footnotes

As assignment 2 is based on fictional data, and draws only on theory/concepts from the course, references are not necessarily expected in this case. However, to the extent you draw on ideas from sources beyond what is presented in the course (for example, on alternative allocation strategies), it would be appropriate to cite these.↩︎