Applying Supply and Demand: Real World Examples
For this assignment you will find a news article (not a blog, not Wikipedia, not an opinion article, a news article) that describes a change in supply, demand or both in a real world market. The learning objective is to understand how supply and demand impacts markets and prices.Begin by downloading and studying:
Video demonstrating how to look for an article:
NOTE: This research assignment is 5% of your course grade. In Week 3 there is similar assignment that is 15% of your course grade. The difference is so that you can learn how to properly complete the research assignment in Week 1. Thus, in Week 3 the expectations for your work will be higher than in Week 1. Be sure to carefully review any instructor feedback on your Week 1 research assignment and to apply that to your Week 3 research assignment work.
RUBRIC FOR RESEARCH ASSIGNMENT – MICROECONOMICS Levels of Achievement CriteriaPoor workPartial workGood workArticle quality(10 points)Article selected is not appropriate (no current news, self-implied graph in title, encyclopedia)(0 points)Article is partially acceptable: old, too broad (macro), partial self-implied graph in title(5 points)Proper article selected (current news, title refers to changes in price or sales) (10 points)Specific graph reference(10 points)No specific graph reference (A, B, C, or D) (0 points)Graph is implied but it’s not named or identified(5 points)A specific graph (A, B, C or D) is selected (10 points)Appropriate graph reference(40 points)Graph is selected, but it’s not appropriate or consistent with the article being used(0 points)Graph selected is not appropriate but arguments used are (20 points)Student selects an appropriate graph (40 points)Graph justification(40 points)No justification of graph (s) (0 points)Weak arguments justifying graph (s) (20 points)Student justifies graph(s) properly (40 points)
If you have any questions or concerns, email me.To receive full credit, your submission must be at least 250 words long.Now click on the “Week 1 Research Assignment” title at the top of the page and submit your assignment as a Word Document.
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