Principles of Economics Assignment 1 - 2-3 Page Paper

Assignment 1: Principles of Economics

Write a two to three (2-3) page paper in which you:

Identify a relevant economic article from either the Strayer Library or a newspaper. The article must deal with any course concepts covered in Weeks 1-4.
In the first two (2) paragraphs, identify at least four (4) key points that the article highlights.
In the next three to five (3-5) paragraphs, apply two (2) of the following economic concepts (supply and demand, market structures, elasticity, and costs of production) to the key points that you highlighted in Question 2.
In your concluding paragraph, state whether you agree or disagree with the author’s comments. Provide a rationale for the response.
Use at least three (3) quality resources in this assignment with one (1) being your article.

Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

Apply the underlying principles of economics and the economic way of thinking to assess market issues and make business decisions.
Analyze the dynamics of supply and demand to anticipate market equilibrium.
Analyze the elasticity of demand and supply and its importance, and the effect of taxes or other public policies
Describe the impact of various forms of competition on business operations with emphasis on perfect competition.
Use technology and information resources to research issues in principles of economics.
Write clearly and concisely about principles of economics using proper writing mechanics.

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Grading for this assignment will be based on answer quality, logic/organization of the paper, and language and writing skills, using the following rubric.

Criteria	Unacceptable Below 60% F	Meets Minimum Expectations 60-69% D	Fair 70-79% C	Proficient 80-89% B	Exemplary 90-100% A
1. Identify a relevant economic article from either the Strayer Library or a newspaper. The article must deal with any course concepts covered in Weeks 1-4. Weight: 15%	Did not submit or incompletely identified a relevant economic article that dealt with any course concepts covered in Weeks 1-4 from either the Strayer Library or a newspaper.	Insufficiently identified a relevant economic article that dealt with any course concepts covered in Weeks 1-4 from either the Strayer Library or a newspaper.	Partially identified a relevant economic article that dealt with any course concepts covered in Weeks 1-4 from either the Strayer Library or a newspaper.	Satisfactorily identified a relevant economic article that dealt with any course concepts covered in Weeks 1-4 from either the Strayer Library or a newspaper.	Thoroughly identified a relevant economic article that dealt with any course concepts covered in Weeks 1-4 from either the Strayer Library or a newspaper.
2. In the first two (2) paragraphs, identify at least four (4) key points that the article highlights. Weight: 25%	Did not submit or incompletely identified at least four (4) key points that the article highlighted in the first two paragraphs.	Insufficiently identified at least four (4) key points that the article highlighted in the first two paragraphs.	Partially identified at least four (4) key points that the article highlighted in the first two paragraphs.	Satisfactorily identified at least four (4) key points that the article highlighted in the first two paragraphs.	Thoroughly identified at least four (4) key points that the article highlighted in the first two paragraphs.
3. In the next three to five (3-5) paragraphs, apply two (2) of the following economic concepts (supply and demand, market structures, elasticity, and costs of production) to the key points that you highlighted in Question 2. Weight: 30%	Did not submit or incompletely applied two (2) of the following economic concepts (supply and demand, market structures, elasticity, and cost production) to the key points that you highlighted in Question 2 in the next three to five (3-5) paragraphs.	Insufficiently applied two (2) of the following economic concepts (supply and demand, market structures, elasticity, and cost production) to the key points that you highlighted in Question 2 in the next three to five (3-5) paragraphs.	Partially applied two (2) of the following economic concepts (supply and demand, market structures, elasticity, and cost production) to the key points that you highlighted in Question 2 in the next three to five (3-5) paragraphs.	Satisfactorily applied two (2) of the following economic concepts (supply and demand, market structures, elasticity, and cost production) to the key points that you highlighted in Question 2 in the next three to five (3-5) paragraphs.	Thoroughly applied two (2) of the following economic concepts (supply and demand, market structures, elasticity, and cost production) to the key points that you highlighted in Question 2 in the next three to five (3-5) paragraphs.
4. In your concluding paragraph, state whether you agree or disagree with the author’s comments. Provide a rationale for your response. Weight:15%	Did not submit or incompletely stated whether you agree or disagree with the author’s comments and did not submit or incompletely provided a rationale for your response in your concluding paragraph.	Insufficiently stated whether you agree or disagree with the author’s comments and insufficiently provided a rationale for your response in your concluding paragraph.	Partially stated whether you agree or disagree with the author’s comments and partially provided a rationale for your response in your concluding paragraph.	Satisfactorily stated whether you agree or disagree with the author’s comments and satisfactorily provided a rationale for your response in your concluding paragraph.	Thoroughly stated whether you agree or disagree with the author’s comments and thoroughly provided a rationale for your response in your concluding paragraph.
5. 3 references Weight: 5%	No references provided	Does not meet the required number of references; all references poor quality choices.	Does not meet the required number of references; some references poor quality choices.	Meets number of required references; all references high quality choices.	Exceeds number of required references; all references high quality choices.
6. Clarity, writing mechanics, and formatting requirements Weight: 10%	More than 8 errors present	7-8 errors present	5-6 errors present	3-4 errors present	0-2 errors present