ECONOMICS ASSIGNMENT 1

ECO100 – Principles of Economics© 2018 Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary informationand may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed written permission ofStrayer University.Page 1 of 3Assignments and RubricsAssignment 1: Economic BriefDue Week 5, worth 175 pointsThis assignment is aligned to these course outcomes:• Explain economic principles and their applications in the real world.• Summarize the different types of market structures and the role of government in economics.In the workplace, we are often asked to create “briefs.” A brief provides a snapshot, or short, writtensummary, of a situation or event that has occurred. It is generally just a few pages long and may includeadditional visuals like a graph, chart, or table. In this assignment, write a brief about economic concepts inan industry that interests you.Industry Selection and Background ResourcesUse this resource to select an industry:• NAICS (North American Industry Classification System)These resources are available to help you identify a U.S. industry and the products and services itprovides:• Mergent OnlineHelp Video on Mergent Industry Reports• Business Source CompleteUnited States Industry ProfilesAll Industry Profiles by Country (select Industry Profiles in the left menu Source Types)• Flipster Online MagazinesScroll through to view these recommendations: Bloomberg Businessweek and Fast CompanyPreparation1. Begin this assignment by selecting an industry (and/or subsector) from the NAICS list.2. To best prepare for this assignment, it will be important to review the industry backgroundresources above, The Little Book of Economics and the Principles of Economics chapterreadings, as well as your prior discussion board questions and responses.3. Use the optional template to help you get started.4. Get familiar with the Strayer Writing Standards (SWS). (See Instructions below.)InstructionsDevelop an economic brief that is two to three (2-3) pages long in which you:1. Select an industry and describe the goods and/or services this industry produces. Pick anindustry from the NAICS list.2. Identify this industry’s market structure and at least two or more market characteristics thatsupport this market structure. (Market structures are covered in Weeks 3 and 4.)3. Describe any notable microeconomic relationships, market outcomes, and/or trends in thisindustry. Include a graph, chart, or table containing related data. (Microeconomic relationshipsand market outcomes are covered in Weeks 2 through 4.)ECO100 – Principles of Economics© 2018 Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary informationand may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed written permission ofStrayer University.Page 2 of 34. How might government impact this industry’s market prices, output, and/or market structure?(Government intervention through price controls, industry regulations, and antitrust enforcementis covered in Weeks 2 and 4.)5. This course requires use of Strayer Writing Standards (SWS). The format is different compared toother Strayer University courses. Please take a moment to review the SWS documentation fordetails. (Note: You’ll be prompted to enter your Blackboard login credentials to view thesestandards.)o Your brief should include a cover page.o Your brief should be two to three (2-3) pages in length (not including the cover page),double-spaced, 12-point font.o Your brief should include a minimum of one (1) reference/citation in the text.ECO100 – Principles of Economics© 2018 Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary informationand may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed written permission ofStrayer University.Page 3 of 3Assignment 1 RubricGrading for this assignment will be based on the quality of your responses in addressing each of thepoints below, using the following rubric:Points: 175 Assignment 1: Economic BriefCriteriaExemplary90–100% AProficient80–89% BFair70–79% CMeets MinimumExpectations60–69% DUnacceptableBelow 60% F1. Identifies anIndustry anddescribes thegoods and/orservices thisindustry produces.Weight: 20%The studentcorrectly identifiesan industry andprovides anaccurate andthoroughdescription of thegoods and/orservices thisindustry produces.The student correctlyidentifies an industryand provides anaccurate descriptionof the goods and/orservices this industryproduces. Someminor details areexcluded.The student correctlyidentifies an industryand provides apartial description ofthe goods and/orservices this industryproduces. Majordetails are excluded.The studentincorrectly identifiesan industry based onthe description ofgoods and/orservices beingproduced.The student didnot identify anindustry and/orprovide adescription of anyindustry goodsand/or servicesbeing produced.2. Identifies a marketstructure for thisindustry and atleast two supportingmarketcharacteristics.Weight: 30%The studentcorrectly andthoroughlyidentifies a marketstructure for thisindustry with two ormore supportingmarketcharacteristics.The student correctlyidentifies a marketstructure for thisindustry with twomarketcharacteristics thatsupport it. Someminor details areexcluded.The student correctlyidentifies a marketstructure for thisindustry with at leastone marketcharacteristic thatsupports it. Majordetails are excluded.The studentattempts to identify amarket structure forthis industry but mayor may not haveprovided supportingmarketcharacteristics.The student didnot identify amarket structureand/or any marketcharacteristics forthis industry.3. Describes a notableeconomicrelationship, marketoutcome, and/ortrend in theindustry. Includesan existing graph,chart, or tablecontaining relateddata.Weight: 20%The studentcorrectly andthoroughlydescribes aneconomicrelationship, marketoutcome, and/ortrend in thisindustry. Includesan existing graph,chart, or tablecontaining relateddata.The student correctlydescribes aneconomicrelationship, marketoutcome, and/ortrend in this industry.Includes an existinggraph, chart, or tablecontaining relateddata. Some minordetails are excluded.The student partiallydescribes aneconomicrelationship, marketoutcome, and/ortrend in this industry.May or may not haveincluded an existinggraph, chart, or tablecontaining relateddata. Major detailsare excluded.The studentincorrectly describesan economicrelationship, marketoutcome, and/ortrend in this industry.May or may not haveincluded an existinggraph, chart, or tablecontaining relateddata.The student didnot describe aneconomicrelationship,market outcome,and/or trend inthis industry. Maynot have includedan existing graph,chart, or tablecontaining relateddata.4. Describes howgovernmentintervention mayimpact this industry.Weight: 20%The studentaccurately andthoroughlydescribes howgovernmentintervention mayimpact thisindustry.The studentaccurately describeshow governmentintervention mayimpact this industry.Some minor detailsare excluded.The student partiallydescribes howgovernmentintervention mayimpact this industry.Major details areexcluded.The studentattempts to describehow governmentintervention mayimpact this industry.The student didnot describe howgovernmentintervention mayimpact thisindustry.5. Uses SWS (StrayerWriting Standards)to writeprofessionally andcite sources.Meets the twopageminimum.Meets the onereference/citationminimum.Weight: 10%Followed all writingstandards.Meets the twopageminimum.Meets the onereference/citationminimum.Followed mostwriting standards.Meets the two-pageminimum.Meets the onereference/citationminimum.Followed somewriting standards.May not meet pageminimum.May not meetreference/citationminimum.Followed few writingstandards.May not meet pageminimum.May not meetreference/citationminimum.Followed few tono writingstandards.Did not meet pageminimum.Did not meetreference/citationminimum. THE BOOK USED IS :

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