The student inconsistently uses correct mathematical notation and terminology, and at times, imprecise notations are visible. Key terms are not always defined clearly, but the student provides a definition section explaining key economic terms. The student uses appropriate forms of mathematical representation, and all mathematical calculations are explained. However, the degree of accuracy is not stated for rounded values, and tables and graphs lack titles/numbers. The student follows a partial deductive method, but the hypothesis should be stated at the beginning, not the end. No computer notation is used.