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 IMPLICITLY (not directly) 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:
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
Article selected is not appropriate (no current news, self-implied graph in title, encyclopedia)
Article is partially acceptable: old, too broad (macro), partial self-implied graph in title
Proper article selected (current news, title refers to changes in price or sales)
Specific graph reference
No specific graph reference (A, B, C, or D)
Graph is implied but it’s not named or identified
A specific graph (A, B, C or D) is selected
Appropriate graph reference
Graph is selected, but it’s not appropriate or consistent with the article being used
Graph selected is not appropriate but arguments used are
Student selects an appropriate graph
No justification of graph (s)
Weak arguments justifying graph (s)
Student justifies graph(s) properly
To receive full credit, your submission must be at least 250 words long.
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