Distinguished - Comprehensively describes the recent financial crises.

Proficient - Sufficiently describes the recent financial crises. Minor details are missing.

Basic - Provides a limited description of the recent financial crises. Several relevant details are missing.

Below Expectations - Provides a minimal description of the recent financial crises. Many relevant details are missing.

Non-Performance - The description of the recent financial crises is either nonexistent or lacks the components described in the assignment instructions.

Distinguished - Thoroughly describes the effect that destabilized credit, mortgage, derivative, and insurance markets have had on national economies. Effectively integrates course concepts and scholarly research in the description.

Proficient - Describes the effect that destabilized credit, mortgage, derivative, and insurance markets have had on national economies. Integrates course concepts and scholarly research in the description. Minor details are missing.

Basic - Partially describes the effect that destabilized credit, mortgage, derivative, and insurance markets have had on national economies. Minimally integrates course concepts and scholarly research in the description. Relevant details are missing.

Below Expectations - Attempts to describe the effect that destabilized credit, mortgage, derivative, and insurance markets have had on national economies; however, course concepts and scholarly research are not appropriately integrated in the description. Many significant details are missing.

Non-Performance - The description of the effect that destabilized credit, mortgage, derivative, and insurance markets have had on national economies is either nonexistent or lacks the components described in the assignment instructions.

Distinguished - Thoroughly assesses the stabilization policies implemented to address destabilized credit, mortgage, derivative, and insurance markets.

Proficient - Assesses the stabilization policies implemented to address destabilized credit, mortgage, derivative, and insurance markets. The assessment is slightly underdeveloped.

Basic - Partially assesses the stabilization policies implemented to address destabilized credit, mortgage, derivative, and insurance markets. The assessment is underdeveloped.

Below Expectations - Minimally assesses the stabilization policies implemented to address destabilized credit, mortgage, derivative, and insurance markets. Does not address all of the markets and/or the assessment is significantly underdeveloped.

Non-Performance - The assessment of the stabilization policies implemented to address destabilized credit, mortgage, derivative, and insurance markets is either nonexistent or lacks the components described in the assignment instructions.

Distinguished - Expertly compares and contrasts two different countries during the time period of 2007-08 as they experienced financial crises. The comparison is fully developed and supported by scholarly research.

Proficient - Compares and contrasts two different countries during the time period of 2007-08 as they experienced financial crises. The comparison is mostly developed and supported by scholarly research.

Basic - Partially compares and contrasts two different countries during the time period of 2007-08 as they experienced financial crises. The comparison is somewhat developed and supported by scholarly research.

Below Expectations - Attempts to compare and contrast two different countries during the time period of 2007-08 as they experienced financial crises; however, the comparison is significantly underdeveloped and is not adequately supported by scholarly research.

Non-Performance - The comparison of two different countries during the time period of 2007-08 as they experienced financial crises is nonexistent or lacks the components described in the assignment instructions.

Distinguished - Thoroughly explains the role and actions of the central banks for each of the two countries during the financial crises. Expertly explains how their role and actions stabilized the business cycle. Provides accurate and appropriate data, graphs, terminology, macroeconomic indicators, and theories used.

Proficient - Explains the role and actions of the central banks for each of the two countries during the financial crises. Explains how their role and actions stabilized the business cycle. Provides data, graphs, terminology, macroeconomic indicators, and theories used. Some minor details are missing.

Basic - Partially explains the role and actions of the central banks for each of the two countries. May not fully explain how their role and actions stabilized the business cycle. Provides data, graphs, terminology, macroeconomic indicators, and theories used. Relevant details are missing.

Below Expectations - Attempts to explain the activities of the central bank for each of the two countries; however, their role and actions taken to stabilize the business cycle are not sufficiently addressed. Data, graphs, terminology, macroeconomic indicators, and theories used do not support the explanation, are incomplete, and/or are inaccurate.

Non-Performance - The explanation of the role and actions of the central banks took to stabilize business cycles during the financial crises is nonexistent or lacks the components described in the assignment instructions.

Distinguished - Expertly indicates which country implemented the best stabilization policy during its financial crises. The indication is supported with substantial evidence from the text and scholarly sources.

Proficient - Sufficiently indicates which country implemented the best stabilization policy during its financial crises. The indication is supported with evidence from the text and scholarly sources.

Basic - Generally indicates which country implemented the best stabilization policy during its financial crises. The indication is somewhat supported with evidence from the text and scholarly sources.

Below Expectations - Attempts to indicate which country implemented the best stabilization policy; however, the indication is not supported with evidence from the text and scholarly sources.

Non-Performance - The indication of which country implemented the best stabilization policy is either nonexistent or lacks the components described in the assignment instructions.

Distinguished - Paper is logically organized with a well-written introduction, thesis statement, and conclusion.

Proficient - Paper is logically organized with an introduction, thesis statement, and conclusion. One of these requires improvement.

Basic - Paper is organized with an introduction, thesis statement, and conclusion. One or more of the introduction, thesis statement, and/or conclusion require improvement.

Below Expectations - Paper is loosely organized with an introduction, thesis statement, and conclusion. The introduction, thesis statement, and/or conclusion require much improvement.

Non-Performance - The introduction, thesis statement, and conclusion are either nonexistent or lack the components described in the assignment instructions.

Distinguished - Uses appropriate, pertinent, and persuasive content to discover and develop sophisticated ideas within the context of the discipline, shaping the work as a whole.

Proficient - Uses appropriate and pertinent content to discover ideas within the context of the discipline, shaping the work as a whole.

Basic - Uses appropriate and pertinent content, but does not apply it toward discovering or developing ideas. Overall, content assists in shaping the written work.

Below Expectations - Uses content, though it may be unrelated or inappropriate to the topic. Content does not contribute toward the development of the written work, and may distract the reader from its purpose.

Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.

Distinguished - Employs persuasive information from credible sources to develop an ample analysis or synthesis of the topic. Viewpoints of experts are scrutinized thoroughly.

Proficient - Employs applicable information from credible sources to develop an analysis of the topic.

Basic - Identifies applicable information from credible sources, but may neglect the application of such information toward the analysis of the topic.

Below Expectations - Displays information from external sources, but such information may lack credibility and/or relevance. Neglects the application of such information toward the analysis of the topic.

Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.

Distinguished - Clearly and comprehensively explains in detail the issue to be considered, delivering all relevant information necessary for a full understanding.

Proficient - Clearly explains in detail the issue to be considered, delivering enough relevant information for an adequate understanding.

Basic - Briefly recognizes the issue to be considered, delivering minimal information for a basic understanding.

Below Expectations - Briefly recognizes the issue to be considered, but may not deliver additional information necessary for a basic understanding.

Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.

Distinguished - Displays meticulous comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains no errors, and is very easy to understand.

Proficient - Displays comprehension and organization of syntax and mechanics, such as spelling and grammar. Written work contains only a few minor errors, and is mostly easy to understand.

Basic - Displays basic comprehension of syntax and mechanics, such as spelling and grammar. Written work contains a few errors, which may slightly distract the reader.

Below Expectations - Fails to display basic comprehension of syntax or mechanics, such as spelling and grammar. Written work contains major errors, which distract the reader.

Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.

Distinguished - Accurately uses APA formatting consistently throughout the paper, title page, and reference page.

Proficient - Exhibits APA formatting throughout the paper. However, layout contains a few minor errors.

Basic - Exhibits basic knowledge of APA formatting throughout the paper. However, layout does not meet all APA requirements.

Below Expectations - Fails to exhibit basic knowledge of APA formatting. There are frequent errors, making the layout difficult to distinguish as APA.

Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.

Distinguished - The paper meets the specific page requirement stipulated in the assignment description.

Proficient - The paper closely meets the page requirement stipulated in the assignment description.

Basic - The paper meets over half of the page requirement stipulated in the assignment description.

Below Expectations - A fraction of the page requirement is completed.

Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.

Distinguished - Uses more than the required number of scholarly sources, providing compelling evidence to support ideas. All sources on the reference page are used and cited correctly within the body of the assignment.

Proficient - Uses required number of scholarly sources to support ideas. All sources on the reference page are used and cited correctly within the body of the assignment.

Basic - Uses less than the required number of sources to support ideas. Some sources may not be scholarly. Most sources on the reference page are used within the body of the assignment. Citations may not be formatted correctly.

Below Expectations - Uses inadequate number of sources that provide little or no support for ideas. Sources used may not be scholarly. Most sources on the reference page are not used within the body of the assignment. Citations are not formatted correctly.

Non-Performance - The assignment is either nonexistent or lacks the components described in the instructions.