Overview
In this assignment, you will develop a paper in which you select an industry that interests you, describe that industry, and explain how the government might impact the industry.
A paper template is provided below for this assignment.
- Use the Week 5 Microeconomic Paper Template [DOCX] Download Week 5 Microeconomic Paper Template [DOCX]to help you get started (optional).
Instructions
Review your chapter readings and use the resources provided to develop a 2–3 page paper on Economic Principles – Microeconomics in which you:
- Choose an industry that interests you. (Remember: An industry is not a company. It is a group of companies doing the same thing. Ford is a company. Automobile manufacturing is an industry.)
- Do research on your industry. In a few short paragraphs, describe your selected industry:
- Be sure to write in your own words.
- Identify some of the major companies in this industry.
- Identify the goods, and/or services this industry produces.
- Add anything else about the industry that you think is interesting.
- Keep track of your sources and list them at the bottom of your paper according to SWS.
- Describe a microeconomic variable for your industry. Microeconomic variables include prices, sales, production, advertising, investment, and so on.
- Include a graph, chart, or table showing this microeconomic variable over time.
- You do not need to create this graph, chart, or table. Find one that has already been created and paste it into your paper. For example, if your industry is U.S. automobile manufacturing, Google, "U.S. automobile manufacturing over time." Select the "images" option. Choose one of the graphs, charts, or tables. Then copy and paste it into your paper.
- Include a reference to the source of the graph, chart, or table. Microeconomic relationships and market outcomes are covered in Weeks 2–4.
- Describe one way the government might impact this industry. Examples might include price controls, regulations, taxes, or any other way you can think of.
- Government intervention through price controls, regulations, taxes, and antitrust enforcement were covered in Weeks 2 and 4.
INSTRUCTIONS
Format
- ting. Please refer to the Library site for all support. Check with your professor for any additional instructions.
Resources to Complete the Assignment
- Statista.
The specific course learning outcome associated with this assignment is:
- Explain economic principles and their applications in the real world.
View Rubric
| Week 5 Assignment - Economic Principles – Microeconomics | ||
|---|---|---|
| Criteria | Ratings | Pts |
| Describe an industry and present some of the major companies and the goods and/or services this industry produces. | 30 to >27 pts Exemplary Described an industry and presented some of the major companies and the goods and/or services this industry produces.27 to >24 pts Competent Described an industry and presented some of the major companies, and the goods and/or services this industry produces with minor details excluded.24 to >21 pts Satisfactory Identified an industry but did not present a complete description of the industry and some of its major companies, or the goods and/or services this industry produces.21 to >18 pts Needs Improvement Identified an industry but did not include an accurate description of the industry and its major companies and the goods and/or services this industry produces.18 to >0 pts Unacceptable Did not describe an industry and present a description of some of the major companies and the goods and/or services this industry produces. | / 30 pts |
Describe a microeconomic variable for the selected industry. | 45 to >40.5 pts Exemplary Described a microeconomic variable for the selected industry.40.5 to >36 pts Competent Described a microeconomic variable for the selected industry with minor details excluded.36 to >31.5 pts Satisfactory Identified a microeconomic variable for the selected industry correctly.31.5 to >27 pts Needs Improvement Identified a microeconomic variable for the selected industry incorrectly.27 to >0 pts Unacceptable Did not describe a microeconomic variable for the selected industry. | / 45 pts |
Include a graph, chart, or table that shows the selected microeconomic variable over time. | 30 to >27 pts Exemplary Included a graph, chart, or table that shows the selected microeconomic variable over time.27 to >24 pts Competent Included a graph, chart, or table that shows the selected microeconomic variable over time with minor details excluded.24 to >21 pts Satisfactory Included a graph, chart, or table, but it did not show the selected microeconomic variable over time.21 to >18 pts Needs Improvement Included a graph, chart, or table, but it was not for a microeconomic variable.18 to >0 pts Unacceptable Did not include a graph, chart, or table that shows the selected microeconomic variable over time. | / 30 pts |
Describe one way the government might impact the selected industry. | 30 to >27 pts Exemplary Describe one way the government might impact the selected industry.27 to >24 pts Competent Described one way the government might impact the selected industry with minor details excluded.24 to >21 pts Satisfactory Described one way the government might impact the selected industry incompletely.21 to >18 pts Needs Improvement Identified how government might impact the selected industry but did not include a description.18 to >0 pts Unacceptable Did not describe one way the government might impact the selected industry. | / 30 pts |
Clarity, writing mechanics, and SWS formatting requirements, meets the two-page minimum, and the one reference/citation minimum. | 15 to >13.5 pts Exemplary Clarity, writing mechanics, and SWS formatting requirements, meets the two-page minimum, and the one reference/citation minimum.13.5 to >12 pts Competent Clarity, writing mechanics, and SWS formatting requirements, meets the two-page minimum, and the one reference/citation minimum. 3–4 errors present.12 to >10.5 pts Satisfactory Clarity, writing mechanics, and SWS formatting requirements, meets the two-page minimum, and the one reference/citation minimum. 5–6 errors present.10.5 to >9 pts Needs Improvement Clarity, writing mechanics, and SWS formatting requirements, meets the two-page minimum, and the one reference/citation minimum. 7–8 errors present.9 to >0 pts Unacceptable Clarity, writing mechanics, and SWS formatting requirements, meets the two-page minimum, and the one reference/citation minimum. More than eight errors present. | / 15 pts |
| Total Points: 0 |