DeVry ECON 312 Week 2 Assignment
Case Study Description:
In this assignment, we are going to analyze the changes in market demand and market supply for a commodity (a good or a service). In addition, we will also analyze how the changes in demand and supply affected the market price and production of this commodity. To do so, we will are going to address the key factors (determinants) that have caused the shift in demand and/or the shift in supply.
The goal here is to provide an objective analysis of the forces that have caused this change in order to better understand the behavior of the market and to determine the potential growth or decline for this commodity. Some of the commodities that have experienced a drastic change (an increase or a decrease) in supply and/or demand in recent years are organic foods, cage-free eggs, social media, higher education, online education, healthcare services, online banking, online shopping, DVD players, digital cameras, fidget spinners, health clubs, bottled water, landlines, Cash for Gold, and fried food. You could use one of these commodities for your study or choose one you are familiar with or prefer.
To start, select a commodity that you wish to analyze to determine changes in its market demand, market supply, equilibrium quantity (output), and equilibrium price.
- Your research should be structured with consistent and clear thoughts. It should be supported by facts and data, and you must base your results on these facts. Your conclusions should be thorough and based on your findings and understanding of supply and demand determinants.
- Writing Style and Page Number Requirements
- Font Type: Times New Roman or Arial
- Font Size: 12
- Spacing: Double
- Number of Pages: Four to six pages, including Title page and a separate References page
RUBRIC
ECON312 Week 2: Case Study
Criteria Ratings Pts
This criterion is linked to a learning outcome TITLE PAGE:
Title page present in APA format 5.0 to >4.0 Pts
Fully Met Expectations
Title Page present in APA format 4.0 to >0.0 Pts
Somewhat Met Expectations
Title Page present, but not in APA format or components are missing. 0.0 Pts
Did not Meet Expectations
Title Page is missing
5.0 pts
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This criterion is linked to a learning outcome INTRODUCTION:
Exhibits effective content and writing, including APA. Provides a clear identification of the commodity addressed and the supply and demand factors that have caused demand/supply to change. See Week 2: Case Study Overview page for assignment requirements. 22.0 to >18.0 Pts
Fully Met Expectations 18.0 to >0.0 Pts
Somewhat Met Expectations 0.0 Pts
Did not Meet Expectations
22.0 pts
This criterion is linked to a learning outcome DATA:
Analysis and synthesis skills were applied to include a broad range of material – connecting theory with real data and/or experiences. Data obtained from at least three credible sources (not Wikipedia) to provide facts about the changes in demand and supply and why. Use tables, graphs, and figures to support your argument. 22.0 to >18.0 Pts
Fully Met Expectations 18.0 to >0.0 Pts
Somewhat Met Expectations 0.0 Pts
Did not Meet Expectations
22.0 pts
This criterion is linked to a learning outcome ANALYSIS:
Formulates and identifies challenges and draws conclusions to develop scholarly thinking about problem and concept assigned. Use the findings from your data section to fully explain the growth or decline pattern of the supply and demand. 22.0 to >18.0 Pts
Fully Met Expectations 18.0 to >0.0 Pts
Somewhat Met Expectations 0.0 Pts
Did not Meet Expectations
22.0 pts
This criterion is linked to a learning outcome CONCLUSION:
Case study shows critical thinking through the application of concepts learned in the course. Provides own final thoughts, opinions, and understanding of the outcome. 20.0 to >17.0 Pts
Fully Met Expectations 17.0 to >0.0 Pts
Somewhat Met Expectations 0.0 Pts
Did not Meet Expectations
20.0 pts
