|
Economic Choice and Economic Decision Making Grading Guide ECO/561 Version 11 |
5 |
Economic Choice and Economic Decision Making Grading Guide
ECO/561 Version 11
Economics
Copyright
Copyright © 2016 by University of Phoenix. All rights reserved.
University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries.
Microsoft®, Windows®, and Windows NT® are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation.
Edited in accordance with University of Phoenix® editorial standards and practices.
Individual Assignment: Economic Choice and Economic Decision Making
Purpose of Assignment
The Week 1 assignment assists the learner in relating every day decisions (such as the purchase of a vehicle) to the economic concepts of the business cycle’s effect on household expenditures (risk). The assignment also provides students the opportunity to consider a concrete example of supply and demand for a product considered for purchase, costs vs. benefits of alternative choices and opportunity costs, economic trade-offs among sources of supply, and non-monetary considerations in economic choices such as environmental degradation (unintended consequences).
Grading Guide
|
Content |
Met |
Partially Met |
Not Met |
Comments: |
|
The student discussed the role of interest rates and costs of financing in regards to their purchase decision. The student also included their interest rate and whether rates were rising or falling at that time. |
|
|
|
|
|
The student examined the influence of gasoline prices on their choice of vehicle. The student also discussed whether gasoline prices were rising or falling at that time. |
|
|
|
|
|
The student discussed the following in regards to their household at the time they made their purchase: · Was the student employed? · Was the economy growing or contracting (recession)? · Did the student take into consideration the risk that he or she might lose their job if a recession occurred during the period of loan pay-back? |
|
|
|
|
|
The student evaluated the financial trade-offs that related to the purchase. |
|
|
|
|
|
The student discussed the influence of any Federal or state level programs on the choice of vehicle. The student discussed the following and whether or not they affected their decision: · Buy fuel efficient vehicles such as Flex fuel, hybrids and electrics · Convert existing vehicles to use alternative fuels (Flex fuel) · Remove old, fuel inefficient and high polluting vehicles from the highways.
|
|
|
|
|
|
The student explained the influence of environmental factors such as emissions and health concerns on their decision. |
|
|
|
|
|
The student discussed ways in which the purchase illustrates one piece of the circular flow model of economic activity and also discussed the other parts.
|
|
|
|
|
|
The student developed conclusions about the economy’s influence on personal and business decision making. |
|
|
|
|
|
The assignment is 1,400 words in length. |
|
|
|
|
|
|
|
Total Available |
Total Earned |
|
|
|
|
7 |
#/7 |
|
|
Writing Guidelines |
Met |
Partially Met |
Not Met |
Comments: |
|
The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. |
|
|
|
|
|
Intellectual property is recognized with in-text citations and a reference page. |
|
|
|
|
|
Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper. |
|
|
|
|
|
Sentences are complete, clear, and concise. |
|
|
|
|
|
Rules of grammar and usage are followed including spelling and punctuation. |
|
|
|
|
|
|
|
Total Available |
Total Earned |
|
|
|
|
3 |
#3 |
|
|
Assignment Total |
# |
10 |
#/10 |
|
|
Additional comments:
|
Get help from top-rated tutors in any subject.
Efficiently complete your homework and academic assignments by getting help from the experts at homeworkarchive.com