The test is open book.  You can expect the following types of questions.

Sentence and graph corrections

You are given a statement that is incorrect and asked to correct it in two different ways or you are given a graph and a sentence that do not make and asked to correct the sentence to match the original graph and the graph to match the original sentence.

There will be at least 2 of these questions.  You will not get them in advance.

Never true, sometimes true, always true

You are given a statement and asked to determine whether the statement is always true, sometimes true or never true.  You are asked to explain your choice.

There will be at least 1 of these questions.  You will not get them in advance.

Long Answer questions

After hearing of your insightful analysis of economic business problems, the mayor of Econoville, Richard Wilkins, has hired you to provide advice on government decisions.   Choose two of the four situations and provide recommendations on what the mayor should do. For each situation, thoroughly describe the economic principles involved in creating the problem and then offer solutions.  Consider the pros and cons of your solution and make a clear recommendation.  For the purposes of the test, you can assume the mayor has significant power.  (i.e. don’t worry too much about the politics, focus on the economics).

  1. Econoville offers free skating at city rinks during the winter to encourage people to get outside and be active.  The city has a very small maintenance budget for the rinks and only one Zamboni.  It is a popular activity for children’s birthday parties, family outings and as a place for teenagers to gather. People from surrounding towns also use the rinks.   The rinks are becoming overcrowded and poorly maintained.
  2. With its growing population of young families, Econoville has increasing demand for day care.  Prices are rising and some families can no longer afford it.  They are asking for the mayor to do something to help.
  3. Econoville has a growing garbage problem.  The town dump was designed for a smaller population and it is quickly filling up.  The mayor is considering limiting every household to one garbage bag per week and every business to two garbage bags per week to limit the amount of garbage entering the dump.  Is this a good solution?  Are there other options?
  4. Econoville Public Transit (EPT) provides local bus service in the city.  Growing demand has resulted in some routes becoming overcrowded during the morning and afternoon rush hours.  EPT is considering three options: increasing fares by 50% (currently $1.50) to help pay for the purchase of new buses or removing buses from low volume routes (where buses are never full) and adding them to the overcrowded routes or increasing the gas tax in the city by 5 cents a litre and using the money to pay for new buses.  What should they do?

Rubric

Criteria

Insufficient Evidence

Limited Evidence

Some Evidence

Considerable Evidence

High Degree of Evidence

1) Does the answer demonstrate an understanding of the underlying economic concepts? (KU)

0

1

2

3

4

2) Does the answer use appropriate models, graphs and examples to support arguments? (AP)

0

1

2

3

4

3) Is the answer well-reasoned? Does it consider multiple perspectives and all available evidence? (TI)

0

1

2

3

4

4) Does the answer come to a clear, easy to understand conclusion, supported by reasoned arguments? (CM)

0

1

2

3

4