Progress. Does it show that you have read some stuff? Learned some stuff? Is there a storyline that leads from context and what is known to the research question you want to ask?
Does the draft represent enough scholarly work on your part - do you have at least, say, 20, sources that you have clearly actually read and are making use of?
Do you cite sources correctly? Have a bibliography?
Can I give you feedback that will help you move to the next iteration of this part of the thesis?
Grade based on what was submitted into NEW folder as of Wednesday 7 September. A=Excellent (top of what we would expect at this stage of the game), B=Good (solid effort, evidence of achievement), C=Satisfactory (something submitted, progress), F=nothing submitted. Worth 7% of final grade.