1/25/23, 7:33 AM Assignment #1 – ECON101 D008 Fall 2022 – APEI
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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.
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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
analys
is
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. Expla
in 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
/ 656
5 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
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1/25/23, 7:34 AM Assignment #1 – ECON101 D008 Fall 2022 – APEI
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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
/ 10
10 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
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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
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