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ECO100 – Principles of Economics

© 2018 Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information
and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed written permission of
Strayer University.
Page 1 of 3
Assignments and Rubrics
Assignment 1: Economic Brief
Due Week 5, worth 150 points
This assignment is aligned to these course outcomes:
• Explain economic principles and their applications in the real world.
• Summarize the different types of market structures and the role of government in economics.
In the workplace, we are often asked to create “briefs.” A brief provides a snapshot, or short, written
summary, of a situation or event that has occurred. It is generally just a few pages long and may include
additional visuals like a graph, chart, or table. In this assignment, write a brief about economic concepts in
an industry that interests you.
Industry Selection and Background Resources
Use this resource to select an industry:
• NAICS (North American Industry Classification System)
These resources are available to help you identify a U.S. industry and the products and services it
provides:
• Mergent Online
Help Video on Mergent Industry Reports
• Business Source Complete
United States Industry Profiles
All Industry Profiles by Country (select Industry Profiles in the left menu Source Types)
• Flipster Online Magazines
Scroll through to view these recommendations: Bloomberg Businessweek and Fast Company
Preparation
1. Begin this assignment by selecting an industry (and/or subsector) from the NAICS list.
2. To best prepare for this assignment, it will be important to review the industry background
resources above, The Little Book of Economics and the OpenStax chapter readings, as well as
your prior discussion board questions and responses.
3. Use the optional template to help you get started.
4. Get familiar with the Strayer Writing Standards (SWS). (See Instructions below.)
Instructions
Develop an economic brief that is two to three (2-3) pages long in which you:
1. Select an industry and describe the goods and/or services this industry produces. Pick an
industry from the NAICS list.
2. Identify this industry’s market structure and at least two or more market characteristics that
support this market structure. (Market structures are covered in Weeks 3 and 4.)
3. Describe any notable microeconomic relationships, market outcomes, and/or trends in this
industry. Include a graph, chart, or table containing related data. (Microeconomic relationships
and market outcomes are covered in Weeks 2 through 4.)
ECO100 – Principles of Economics
© 2018 Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information
and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed written permission of
Strayer University.
Page 2 of 3
4. How might government impact this industry’s market prices, output, and/or market structure?
(Government intervention through price controls, industry regulations, and antitrust enforcement
is covered in Weeks 2 and 4.)
5. This course requires use of Strayer Writing Standards (SWS). The format is different compared to
other Strayer University courses. Please take a moment to review the SWS documentation for
details. (Note: You’ll be prompted to enter your Blackboard login credentials to view these
standards.)
o Your brief should include a cover page.
o Your brief should be two to three (2-3) pages in length (not including the cover page),
double-spaced, 12-point font.
o Your brief should include a minimum of one (1) reference/citation in the text.
ECO100 – Principles of Economics
© 2018 Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information
and may not be copied, further distributed, or otherwise disclosed in whole or in part, without the expressed written permission of
Strayer University.
Page 3 of 3
Assignment 1 Rubric
Grading for this assignment will be based on the quality of your responses in addressing each of the
points below, using the following rubric:
Points: 150 Assignment 1: Economic Brief
Criteria
Exemplary
90–100% A
Proficient
80–89% B
Fair
70–79% C
Meets Minimum
Expectations
60–69% D
Unacceptable
Below 60% F
1. Identifies an
Industry and
describes the
goods and/or
services this
industry produces.
Weight: 20%
The student
correctly identifies
an industry and
provides an
accurate and
thorough
description of the
goods and/or
services this
industry produces.
The student correctly
identifies an industry
and provides an
accurate description
of the goods and/or
services this industry
produces. Some
minor details are
excluded.
The student correctly
identifies an industry
and provides a
partial description of
the goods and/or
services this industry
produces. Major
details are excluded.
The student
incorrectly identifies
an industry based on
the description of
goods and/or
services being
produced.
The student did
not identify an
industry and/or
provide a
description of any
industry goods
and/or services
being produced.
2. Identifies a market
structure for this
industry and at
least two supporting
market
characteristics.
Weight: 30%
The student
correctly and
thoroughly
identifies a market
structure for this
industry with two or
more supporting
market
characteristics.
The student correctly
identifies a market
structure for this
industry with two
market
characteristics that
support it. Some
minor details are
excluded.
The student correctly
identifies a market
structure for this
industry with at least
one market
characteristic that
supports it. Major
details are excluded.
The student
attempts to identify a
market structure for
this industry but may
or may not have
provided supporting
market
characteristics.
The student did
not identify a
market structure
and/or any market
characteristics for
this industry.
3. Describes a notable
economic
relationship, market
outcome, and/or
trend in the
industry. Includes
an existing graph,
chart, or table
containing related
data.
Weight: 20%
The student
correctly and
thoroughly
describes an
economic
relationship, market
outcome, and/or
trend in this
industry. Includes
an existing graph,
chart, or table
containing related
data.
The student correctly
describes an
economic
relationship, market
outcome, and/or
trend in this industry.
Includes an existing
graph, chart, or table
containing related
data. Some minor
details are excluded.
The student partially
describes an
economic
relationship, market
outcome, and/or
trend in this industry.
May or may not have
included an existing
graph, chart, or table
containing related
data. Major details
are excluded.
The student
incorrectly describes
an economic
relationship, market
outcome, and/or
trend in this industry.
May or may not have
included an existing
graph, chart, or table
containing related
data.
The student did
not describe an
economic
relationship,
market outcome,
and/or trend in
this industry. May
not have included
an existing graph,
chart, or table
containing related
data.
4. Describes how
government
intervention may
impact this industry.
Weight: 20%
The student
accurately and
thoroughly
describes how
government
intervention may
impact this
industry.
The student
accurately describes
how government
intervention may
impact this industry.
Some minor details
are excluded.
The student partially
describes how
government
intervention may
impact this industry.
Major details are
excluded.
The student
attempts to describe
how government
intervention may
impact this industry.
The student did
not describe how
government
intervention may
impact this
industry.
5. Uses SWS (Strayer
Writing Standards)
to write
professionally and
cite sources.
Meets the twopage
minimum.
Meets the onereference/citation

minimum.
Weight: 10%
Followed all writing
standards.
Meets the twopage
minimum.
Meets the onereference/citation

minimum.
Followed most
writing standards.
Meets the two-page
minimum.
Meets the onereference/citation

minimum.
Followed some
writing standards.
May not meet page
minimum.
May not meet
reference/citation
minimum.
Followed few writing
standards.
May not meet page
minimum.
May not meet
reference/citation
minimum.
Followed few to
no writing
standards.
Did not meet page
minimum.
Did not meet
reference/citation
minimum.