Assignment 1: Economic Brief #1

Assignments and Rubrics

Assignment 1: Economic Brief #1   Due Week 3, worth 150 points

This assignment is aligned to course outcome 1 and its enabling learning objectives:

Explain economic principles and their applications in the real world

  1. Define core economic concepts related to macroeconomics and microeconomics
  2. Describe the role of goods and services in the economy
  3. Discuss any economic growth factors that impact a specific industry
  4. Use a diagram or graph to illustrate an economic trend

 

In the workplace, we are often asked to create “briefs.” A brief provides a snapshot, or short, written summary, of a situation or event that has occurred. It is generally just a few pages long and may include additional visuals like a graph, chart, or table. In this assignment, write a brief about economic concepts in the industry you selected.

 Industry Background Resources

These resources are available to help you:

Help Video on Mergent Industry Reports

  • Business Source Complete

United States Industry Profiles

All Industry Profiles by Country (select Industry Profiles in left menu Source Types)

 

Scroll through to view these recommendations: Bloomberg Businessweek and Fast Company

Preparation

  1. To begin this assignment, recall the industry you researched in Week 1. You can use that industry to complete the following assignment.
  2. Review the example brief to see a good example and use the optional template to help you get started.
  3. To best prepare for this assignment, it will be important to review the industry background resources, The Little Book of Economics and OpenStax chapter readings, as well as your prior discussion board questions and responses.

 

Instructions

With your selected industry in mind, develop a 2-page economic brief in which you address the following items:

  1. What goods and/or services does this industry provide?
  2. What economic principles covered in Weeks 1–3 (e.g., scarcity, inflation, unemployment, demand and supply, and production) would impact this industry? (Review the weekly outline in your course guide for all principles covered in Weeks 1–3.)
  3. Include an existing graph, chart, or table that relates to your summary. (optional for Brief 1)
  4. Describe any notable trends that you would highlight about this industry.
  5. Follow Strayer Writing Standards. Note: You’ll be prompted to enter your Blackboard login to view. Your brief should be at least 2-pages in length double-spaced.

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Rubric Assignment 1

Grading for this assignment will be based on the quality of your responses in addressing each of the points below, using the following rubric.

 

Points: 150   Assignment 1: Economic Brief 1  
Criteria Exemplary 90100% A Proficient

8089% B

Fair

7079% C

Meets Minimum

Expectations

6069% D

Unacceptable Below 60% F
1. Description of the goods and/or services the selected industry provides.

 

Weight: 30%

The student provided a complete description of the goods and/or services the industry provides. The student provided many of the details that describe the goods and/or services the industry provides. The student provided some of the details that describe the goods and/or services the industry provides. The student attempted to describe the goods and/or services the industry provides, but excluded many details. The student did not provide a description of the goods and/or services the industry provides.
2. Identifies at least one economic

principle that impacts this industry.

 

Weight: 30%

The student correctly identified one or more economic principles and accurately described how it impacts the industry. The student identified one or more economic principles but didn’t completely describe how it impacts the industry. The student partially identified an economic

principle but didn’t describe how it impacts the industry.

The student attempted to identify and explain how an economic principle impacts the industry, but excluded many details. The student did

not identify any economic

principles that impact the industry.

3. Describes a notable trend about this industry.

 

Weight: 30%

The student accurately described a notable trend about the industry. The student described a trend about the industry but some details were lacking. The student partially described a trend about the industry. The student attempted to describe a notable trend about the

industry, but excluded many details.

The student did not describe a trend about the industry.
4. Uses Strayer

Writing

Standards to write professionally and cite sources.

 

Meets page minimums.

 

Weight: 10%

Followed all writing standards.

Met page minimums.

 

Followed most writing standards.

Met page minimums.

 

Followed some

writing standards.

May not have met page minimums.

 

Followed few writing standards.

May not have met page minimums.

 

Followed few to no writing standards.

Did not meet page minimums.

 

 

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