Here is a 300-word professional description for an Undergraduate Year 3 (Junior) Intermediate Microeconomics rubric: This rubric is designed to assess student performance in an Intermediate Microeconomics course at the undergraduate junior level. The course builds on foundational microeconomic principles; introducing advanced concepts such as consumer and producer theory; market structures; game theory; and welfare economics. The rubric evaluates students on their ability to apply theoretical models to real-world scenarios; analyze economic data; and communicate findings clearly. Students will demonstrate their understanding of utility maximization; cost minimization; and profit optimization under different market conditions. They will also engage with topics like imperfect competition; externalities; and public goods; showing how these concepts influence economic outcomes. Problem-solving skills are emphasized; requiring students to derive solutions mathematically and interpret results economically. Written assignments and exams assess students’ ability to synthesize course material; construct logical arguments; and use graphs and equations effectively. Class participation and discussion components evaluate their engagement with current economic issues and ability to critique different viewpoints. The rubric ensures that students develop critical thinking skills by connecting theory to policy implications and business decisions. By the end of the course; students should be able to analyze market behavior; predict the effects of policy changes; and evaluate efficiency versus equity trade-offs. The rubric encourages mastery of both quantitative and qualitative aspects of microeconomics; preparing students for advanced coursework or careers in economics; business; or public policy. Clear expectations are provided for each performance level; helping students identify areas for improvement and track their progress throughout the term.
