ECON1000 S1 2025 – GTP – Marking Guidance and FAQs
1
ECON1000 S1 2025 – Marking Guidance and FAQs on GTP
Students will be marked on the extent to which they specifically answer the question and provide
clear, logical, well-reasoned and sufficient explanations.
Here is a summary breakdown of how marks are allocated in this GTP:
Game 1 [16 marks]
▪ The 1x graphical/numerical game tree, paying attention to all the relevant strategies and economic
outcomes, as akin to an iterative ultimatum game.
[up to 8 marks for drawing correctly the relevant game tree and quality of analysis of the game theory particulars]
▪ Discussion of role of power and fairness amongst players and how this affects the allocation, based
on the key articles.
[up to 8 marks for quality of analysis and coherence of arguments within the discussion]
800 ± 200 or so words should be sufficient for Game 1.
Game 2 [14 marks]
▪ The 1x graphical (numerical) payoff matrix of the game, paying attention to all the relevant strategies
and economic outcomes plus a discussion of preferences, based on the one article.
[up to 10 marks for drawing correctly the relevant matrix and quality of analysis of the game theory particulars]
[up to 4 marks for quality of discussion on preferences]
700 ± 200 or so words should be sufficient for Game 2.
Please refer ECON1000 S1 2025 – GTP Brief for a comprehensive description of the tasks ❦
Description of Tasks POSSIBLE
MARK
Game 1 – game tree and explanation 8
Game 1 – discussion (power, fairness etc.) 8
Game 2 – payoff matrix and explanation 10
Game 2 – discussion (preferences) 4
TOTAL 30
ECON1000 S1 2025 – GTP – Marking Guidance and FAQs
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Marking Guide
The greater attention to detail in the analysis with clear, logical, well-reasoned and sufficient
economics explains the higher the mark (distinction plus grade). Brief answers given with less
attention to detail but assuming you get most of the raw basics correct should earn you a satisfactory
(pass or low credit grade) overall. In this assessment, both quantity and quality of explanation matter.
There are no specific word limits per se, so long as what is written contributes to and strengthens
your analysis. A scale of half-mark intervals is used to awarding marks in this assessment.
The rubric below is an indicative guide as to how the exercise shall be marked:
Criteria
Unsatisfactory
0 – 49%
Meets Expectations
50 – 64%
Exceeds
Expectations
65 – 79%
Exemplary
80 – 100%
Conceptual
Understanding:
Application of
Economic Theory
Limited understanding
and application of key economic concepts/
theoretical framework
in response
to the case questions.
Satisfactory
understanding
and application of key economic concepts/ theoretical framework in response to the case questions . case questions. Graphical Communication and Technical Details Payoff matrix / game tree is not constructed or is too unrelated to the case at hand. Basic payoff matrix / game tree is constructed to illustrate and explain the theory in more generic terms. Payoff matrix / game tree is adapted to the case question, with a good level of specification in the explanation . Critical Thinking / Analysis Reasons are illogical, irrelevant, or vague and/or not informed by research evidence from the relevant articles. Small use of available information in the key articles. Reasoning is relevant and informed by some analysis and synthesis of research evidence from the relevant articles. Some use of available information in the key articles. Logical and clear, informed by analysis and synthesis of research evidence from the relevant articles. Good use of available information in the key articles.
from the relevant
articles and beyond.
Perceptive
observations and solid
use of the available
information in the key
articles.
ECON1000 S1 2025 – GTP – Marking Guidance and FAQs
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10 FAQs for Game Theory Presentation (GTP)
1. What is the base knowledge I need to start my analysis?
You are expected in your answers to refer to key economic concepts taught in the ECON1000 S1 2025
modules L1 and L2, where relevant. Just be wise and careful to write in your own words when you draw
upon the lecture slides and the readings from CORE Team’s (2023) Economic, Society and Public Policy text
(Units 2 and 3). The key economic concepts are taken from CORE ESPP Team (2023) and are discussed in
lectures and tutorials.
2. How important is the payoff matrix and game tree relative to the writing?
This activity is mostly a written analysis using logical argumentation. There is a ‘graphical’ component
where you are to construct an appropriate game tree and relevant 2×2 payoff matrices.
o The organization of the text is crucial and requires planning. Sentences and paragraphs should be well
connected using logical argumentation. Your answer should read as a continuous, threaded flow of
ideas from beginning to end.
o Be analytical and use your own critical thinking; do not be overly descriptive. 3.
How do I refer to and access the key articles* or the main text in this GTP? Read the assigned readings and synthesise the ideas and facts from them and use in-text citation of these key sources. *= articles are available for free online – alternatively, refer to: [info/link in square brackets]. For your convenience, here are the references to key articles listed in the ECON1000 S1 2025 – GTP Brief: Game 1: 1. Bogle, Ariel (2024) ”Stop all time wasting’: Woolworths workers tracked and timed under new efficiency crackdown’, The Guardian, October 23rd, available: https://www.theguardian.com/business/2024/oct/23/woolworths-staff-efficiency-productivity-crackdown-timed 2. Ainsworth, Kate (2024) ‘Hundreds of Woolworths warehouse staff prepared to strike until Christmas over pay and working conditions’, ABC News, November 21st, available: https://www.abc.net.au/news/2024-11-21/woolworths-warehouse-workers-strike-action-supply-chain/104628380
3. Kruger, Colin and Hannah Hammoud (2024) ‘Woolies began monitoring staff like never before. It had a chilling effect on workers’, The Sydney
Morning Herald, December 7th, available: https://www.smh.com.au/business/companies/woolies-began-monitoring-staff-like-never-before-it-
had-a-chilling-effect-on-workers-20241205-p5kw3r.html [https://infoweb-newsbank-
com.eu1.proxy.openathens.net/apps/news/openurl?ctx_ver=z39.88-2004&rft_id=info%3Asid/infoweb-newsbank-
com.eu1.proxy.openathens.net&svc_dat=AWGLNB&req_dat=7C6ACEAD0CB24278ADD256B27130B021&rft_val_format=info%3Aofi/fmt%3Ake
v%3Amtx%3Actx&rft_dat=document_id%3Aimage%252Fv2%253A16CF87EBFB2D2B80%2540AWGLNB-19D40A0B6BD0D6D9%25402460652-
19D4B67C9238728C%254029/hlterms%3AWoolies sign in as Curtin University, Login to Curtin Library for Newsbank Access Global, pp. 26-7]
4. ABC News (2024) ‘Strike over as Woolworths workers accept new offer from supermarket giant’, ABC News, December 7th, available:
https://www.abc.net.au/news/2024-12-07/woolworths-industrial-action-victoria/104697608
5. LaFrenz, Carrie and David Marin-Guzman (2024) ‘Hit to Woolworths sales from strike grows to $140m, expected to rise’, Australian Financial Review
, December 9th, available: https://www.afr.com/companies/retail/hit-to-woolworths-sales-from-strike-grows-to-140m-expected-to-rise-20241209-p5kwvg
[https://www.proquest.com/newspapers/woolworths-strike-sales-hit-grows-140m/docview/3142232624/se-
2?accountid=10382 Login to Curtin Library]
6. Cohen, Hagar and Emily Jane Smith (2024) ‘Is surveillance workplace going too far? These former Woolworths and Services Australia workers
speak out’, ABC News, December 18th, available: https://www.abc.net.au/news/2024-12-18/workplace-surveillance-services-australia-
woolworths-go-too-far/104730476
7. Bogle, Ariel (2025) ‘Woolworths sacks two workers and investigates dozens over alleged conduct during 17-day strike’, The Guardian, January
17th, available: https://www.theguardian.com/business/2025/jan/17/woolworths-staff-fired-warehouse-workers-industrial-action-ntwnfb
Game 2:
Foucart, Renaud (2025) ‘Trump has rejected the Paris agreement again, but game theory shows how other countries can still lead by example’,
The Conversation, January 27th, available: https://theconversation.com/trump-has-rejected-the-paris-agreement-again-but-game-theory-
shows-how-other-countries-can-still-lead-by-example-246818
o Include suitable in-text referencing for any of the above sources used.
o Aim for a healthy balance between paraphrasing and quoting word-for-word (but do not overuse quotes).
o Just do what you need to do re Chicago (you can use Harvard or APA if you prefer) and make sure your fonts and
styles and headings etc. are nice and legible, so the marker can clearly see what needs to be seen. It is a good idea
to provide a suitable heading for the payoff matrix and game tree you draw.
The CORE Team (2023): Economy, Society, and Public Policy, Oxford, UK (500 pages), Oxford University Press, softcover, ISBN 978-0-
19884-984-1, https://www.core-econ.org/espp. For in-text referencing, go for something like: CORE ESPP Team (2023).