While Saudi Arabia seeks to diversify its economy, the Saudi economy is dominated by the petroleum sector. In addition, the Saudi Arabian Riyal (SAR) is pegged to the U.S. Dollar.
In a critical essay, indicate the main considerations Saudi Arabia faces from a currency perspective (e.g., currency values, interest rates, inflation, and trade issues) that ensue given two scenarios:
1- The first scenario is a dramatically declining world oil price.
2- The second scenario is a dramatically increasing world oil price.
Directions:
-Your essay is required to be 4-5 pages in length, which does not include the title page, abstract or required reference page, which are never a part of the content minimum requirements.
-Support your submission with course material concepts, principles and theories from the textbook (Carbaugh 2017) and at least three scholarly, peer-reviewed journal articles.
ECN500
Critical Thinking Writing Rubric – Module 11
| Exceeds Expectation |
Meets Expectation | Below Expectation | Limited Evidence | |
| Content, Research, and Analysis | ||||
| 21-25 Points | 16-20 Points | 11-15 Points | 6-10 Points | |
| Requirements | Exceeds Expectation – Includes all of the required components, as specified in the assignment. |
Meets Expectation – Includes most of the required components, as specified in the assignment. |
Below Expectation – Includes some of the required components, as specified in the assignment. |
Limited Evidence – Includes few of the required components, as specified in the assignment. |
| 21-25 Points | 16-20 Points | 11-15 Points | 6-10 Points | |
| Content | Exceeds Expectation – Demonstrates substantial and extensive knowledge of the materials, with no errors or major omissions. |
Meets Expectation – Demonstrates adequate knowledge of the materials; may include some minor errors or omissions. |
Below Expectation – Demonstrates fair knowledge of the materials and/or includes some major errors or omissions. |
Limited Evidence – Fails to demonstrate knowledge of the materials and/or includes many major errors or omissions. |
| 25-30 Points | 19-24 Points | 13-18 Points | 7-12 Points | |
| Analysis | Exceeds Expectation – Provides strong thought, insight, and analysis of concepts and applications. |
Meets Expectation – Provides adequate thought, insight, and analysis of concepts and applications. |
Below Expectation – Provides poor thought, insight, and analysis of concepts and applications. |
Limited Evidence – Provides little or no thought, insight, and analysis of concepts and applications. |
| 13-15 Points | 10-12 Points | 7-9 Points | 4-6 Points | |
| Sources | Exceeds Expectation – Sources go above and beyond required criteria, and are well chosen to provide effective substance and perspectives on the issue under examination. |
Meets Expectation – Sources meet required criteria and are adequately chosen to provide substance and perspectives on the issue under examination. |
Below Expectation – Sources meet required criteria, but are poorly chosen to provide substance and perspectives on the issue under examination. |
Limited Evidence – Source selection and integration of knowledge from the course is clearly deficient. |
ECN500
Critical Thinking Writing Rubric – Module 11
| Mechanics and Writing | ||||
| 5 Points | 4 Points | 3 Points | 1-2 Points | |
| Demonstrates college-level proficiency in organization, grammar and style. |
Exceeds Expectation – Project is clearly organized, well written, and in proper format as outlined in the assignment. Strong sentence and paragraph structure; contains no errors in grammar, spelling, APA style, or APA citations and references. |
Meets Expectation – Project is fairly well organized and written, and is in proper format as outlined in the assignment. Reasonably good sentence and paragraph structure; may include a few minor errors in grammar, spelling, APA style, or APA citations and references. |
Below Expectation – Project is poorly organized and written, and may not follow proper format as outlined in the assignment. Inconsistent to inadequate sentence and paragraph development, and/or includes numerous or major errors in grammar, spelling, APA style, or APA citations and references. |
Limited Evidence – Project is not organized or well written, and is not in proper format as outlined in the assignment. Poor quality work; unacceptable in terms of grammar, spelling, APA style, and APA citations and references. |
Total points possible = 100
