Micro 101 Week 8 Assignment

1/25/23, 7:33 AM Assignment #1 – ECON101 D008 Fall 2022 – APEI

https://myclassroom.apus.edu/d2l/lms/dropbox/user/folder_submit_files.d2l?db=279571&grpid=0&isprv=0&bp=0&ou=73716 1/2

Assignment #1

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Instructions

ECON101 D008 Fall 2022 LE

Assignments Assignment #1

For this assignment, you will apply the concepts of supply and demand analysis

concepts to a specific good or service you use in your everyday life. In your paper,

include a discussion of the following as subheadings in your paper:

1. Describe the good. What are its main characteristics?

2. What are some of the substitutes and complements for the good?

3. Indicate whether the good is a normal good or an inferior good. Explain the

reasons for your choice.

4. Identify and describe the main nonprice factors that could cause an increase

or decrease in the demand for the good or service.

5. Identity and describe the main nonprice factors that could cause an increase

or decrease in the supply of the good or service.

6. Explain how a change in demand affects the equilibrium price and quantity

of the good or service.

7. Explain how a change in supply affects the equilibrium price and quantity of

the good or service.

8. Based on your research of the good or service, what do you expect to

happen to the demand for it over the next five years?

9. Based on your research of the good or service, what do you expect to

happen to the supply of the good or service over the next five years?

Complete your essay using Microsoft Word and use the proper APA format. The

essay must be at least 1500 words. Note that your work will automatically be

submitted to Turnitin for plagiarism review.

1/25/23, 7:33 AM Assignment #1 – ECON101 D008 Fall 2022 – APEI

https://myclassroom.apus.edu/d2l/lms/dropbox/user/folder_submit_files.d2l?db=279571&grpid=0&isprv=0&bp=0&ou=73716 2/2

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Start Date

Jan 20, 2023 12:01 AM

Due Date

Jan 20, 2023 11:55 PM

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1/25/23, 7:34 AM Assignment #1 – ECON101 D008 Fall 2022 – APEI

https://myclassroom.apus.edu/d2l/lms/dropbox/user/folder_submit_files.d2l?db=279571&grpid=0&isprv=0&bp=0&ou=73716 1/4

Assignment #1

Hide Assignment Informa�on

Turnitin™

This assignment will be submitted to Turnitin™.

Instructions

ECON101 D008 Fall 2022 LE

Assignments Assignment #1

For this assignment, you will apply the concepts of supply and demand analysis

concepts to a specific good or service you use in your everyday life. In your paper,

include a discussion of the following as subheadings in your paper:

1. Describe the good. What are its main characteristics?

2. What are some of the substitutes and complements for the good?

3. Indicate whether the good is a normal good or an inferior good. Explain the

reasons for your choice.

4. Identify and describe the main nonprice factors that could cause an increase

or decrease in the demand for the good or service.

5. Identity and describe the main nonprice factors that could cause an increase

or decrease in the supply of the good or service.

6. Explain how a change in demand affects the equilibrium price and quantity

of the good or service.

7. Explain how a change in supply affects the equilibrium price and quantity of

the good or service.

8. Based on your research of the good or service, what do you expect to

happen to the demand for it over the next five years?

9. Based on your research of the good or service, what do you expect to

happen to the supply of the good or service over the next five years?

Complete your essay using Microsoft Word and use the proper APA format. The

essay must be at least 1500 words. Note that your work will automatically be

submitted to Turnitin for plagiarism review.

ECON Writing Assignment Rubric
Course: ECON101 D008 Fall 2022

Criteria Exemplary Accomplished Developing Beginning
Did not
attempt

Criterion
Score

Assignmen

t Content

/ 6565 points

Exceeds

expected

level of

explanation

and

discussion

on the

assignment

areas/topics.

All areas

included in

the analysis.

55.25 points

Meets

expected

level of

explanation

and

discussion

on the

assignment

areas/topics.

All areas

included in

the analysis.

48.75 points

Does not

meet

expected

level of

explanation

and

discussion

on the

assignment .

No more

than one

areas of

analysis

need

improvement

and/or

additional

development

.

42.25 points

Does not

meet

expected

level of

explanation

and

discussion

on the

assignment .

Multiple

areas of

analysis

need

improvement

and/or

additional

development

. One or

more areas

were not

addressed.

0 points

Does not

meet

expected

level of

explanation

and

discussion

on the

assignment.

Significant

areas of

analysis

need

improvement

and/or

additional

development

. Assignment

not

submitted.

Submit Cancel

1/25/23, 7:34 AM Assignment #1 – ECON101 D008 Fall 2022 – APEI

https://myclassroom.apus.edu/d2l/lms/dropbox/user/folder_submit_files.d2l?db=279571&grpid=0&isprv=0&bp=0&ou=73716 2/4

Add a File Record Audio Record Video

Start Date

Jan 20, 2023 12:01 AM

Due Date

Jan 20, 2023 11:55 PM

Hide Rubrics

Rubric Name: ECON Writing Assignment Rubric

Submit Assignment

Files to submit

(0) file(s) to submit

After uploading, you must click Submit to complete the submission.

Comments

Print Rubric

Criteria Exemplary Accomplished Developing Beginning
Did not
attempt

Criterion
Score

Assignmen

t Content

/ 1010 points

Student

demonstrate

s proficient

command of

the subject

matter in the

assignment.

Assignment

shows an

impressive

level of

depth of

student’s

ability to

relate course

content in

examples

given.

8.5 points

Student

exhibits

above

average

usage of

subject

matter in

assignment.

Student

provides

above

average

ability in

relating

course

content in

examples

given.

Details and

facts

presented

provide an

adequate

presentation

of student’s

current level

of subject

matter

knowledge.

7.5 points

The

assignment

reveals that

the student

has a

general,

fundamental

understandin

g of the

course

material.

Whereas,

there are

areas of

some

concerning

in the

linkages

provided

between

facts and

supporting

statements.

Student

generally

explains

concepts,

but only

meets the

minimum

requirements

in this area.

6.5 points

Student tries

to explain

some

concepts,

but

overlooks

critical

details.

Assignment

appears

vague or

incomplete

in various

segments.

Student

presents

concepts in

isolation,

and does not

perceive to

have a

logical

sequencing

of ideas.

0 points

Explaination

of concepts

not provided

and/or only

surface level

understandin

g is present .

Assignment

is

incomplete

or not

submitted.

1/25/23, 7:34 AM Assignment #1 – ECON101 D008 Fall 2022 – APEI

https://myclassroom.apus.edu/d2l/lms/dropbox/user/folder_submit_files.d2l?db=279571&grpid=0&isprv=0&bp=0&ou=73716 3/4

Criteria Exemplary Accomplished Developing Beginning
Did not
attempt

Criterion
Score

Thesis and

Support

/ 10

Grammar

and

Spelling

/ 5

10 points

The writing

has a clearly

articulated

original

thesis and

subordinate

ideas

supported by

reliable and

relevant

evidence

based on

original

research.

8.5 points

The writing

has a clearly

articulated

thesis

supported by

appropriate

evidence and

sound logic.

Minor gaps

in logic and

argument

may appear.

7.5 points

The writing

has a clear

thesis and

related

subordinate

ideas

supported by

clear

thinking and

appropriate

evidence.

Logical

arguments

may be one-

sided or

incomplete.

6.5 points

The writing

may need a

more clearly

articulated

thesis and/or

appropriate

related

subordinate

ideas. Fuzzy

logic may be

evident and

adequate

supporting

evidence is

lacking.

0 points

Student has

a presented

information

with little to

no support

of reference

materials.

Assignment

is

incomplete

or not

submitted.

5 points

Paper

contains less

than 2 total

grammatical

and/or

spelling

errors.

4.25 points

Paper

contains 2-4

total

grammatical

and/or

spelling

errors.

3.75 points

Paper

contains 5-7

total

grammatical

and/or

spelling

errors.

3.25 points

Paper

contains 8-

10 total

grammatical

and/or

spelling

errors.

0 points

Paper

contains

more than

10 total

grammatical

and/or

spelling

errors.

Assignment

is

incomplete

or not

submitted.

1/25/23, 7:34 AM Assignment #1 – ECON101 D008 Fall 2022 – APEI

https://myclassroom.apus.edu/d2l/lms/dropbox/user/folder_submit_files.d2l?db=279571&grpid=0&isprv=0&bp=0&ou=73716 4/4

Total / 100

Overall Score

Criteria Exemplary Accomplished Developing Beginning
Did not
attempt

Criterion
Score

APA
/ 5

Mechanics
/ 5

5 points

Paper

contains less

than 2 APA

errors.

4.25 points

Paper

contains 2-4

APA errors.

3.75 points

Paper

contains 5-7

APA errors.

3.25 points

Paper

contains 8-

10 APA

errors.

0 points

Paper

contains

more than

10 APA

errors.

Assignment

is

incomplete

or not

submitted.

5 points

Paper meets

the length

requirement

for the

assignment.

4.25 points

Paper

greater than

90% or

substantially

exceeds the

length

requirement

for the

assignment.

3.75 points

Paper is less

than 80%

but greater

than 70% of

the length

requirement

for the

assignment.

3.25 points

Paper is less

than 70% of

the length

requirement

for the

assignment.

0 points

Paper is less

than 60% of

the length

requirement

for the

assignment.

Assignment

is

incomplete

or not

submitted.

Exemplary
90 points minimum

Accomplished
80 points minimum

Developing
70 points minimum

Beginning
60 points minimum

Did not attempt
0 points minimum