ECOCB 535 UOPX Influential Factors on Economic Activity & Role of Economics in Shaping Public Policy Paper

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ECOCB/535 Competency 1 – Assessment and Rubric
Course Title: The Digital Economy
Competency Assessment Title: Impact of Economic Events and Economic Concentration
Total Number of Points: 100
Assignment Directions:
To complete this assessment, you will create a report comprised of two parts. In Part 1, you will analyze how 2 major economic events influenced supply, demand,
and economic equilibrium in the U.S. In Part 2, you will evaluate economists’ assessments of the role the 4 factors of production played in determining how the
economic concentration you selected has evolved.
Imagine that you are a business consultant tasked with sharing the concepts below with a team of interns who will be supporting the research aspects tied to a new
initiative requiring knowledge about economic influence and economic concentration. The use of charts and tables to illustrate data is highly encouraged to help the
interns connect the dots.
Create a report incorporating the following:
Part 1: Economic Events & Activity Analysis
Review the Competency 1 Resources: Economic Fundamentals.
Write a 500- to 750-word analysis (Part 1 of your report) assessing how 2 of the following major economic events influenced supply, demand, and economic
equilibrium in U.S. economic activity:
•
•
•
•
•
Rapid price increases, such as those caused by the 1973 oil embargo or the aftermath of a major hurricane
Dramatic employment drops, such as the combined impact of the 2006 housing bubble burst and the subsequent Great Recession
Crippling interest rates imposed by the Federal Reserve, such as those during the 1975–1985 time period
Collapse of the Soviet Union in 1991 and the end of the Cold War and the “peace dividend”
The dot-com bubble from 1994 to 2000, and the subsequent dot-com crash
Part 2: Economic Concentration Evaluation
Review the Competency 1 Resources: Factors of Production & Economic Concentration.
Select 1 of the economic concentrations (clusters) below:
• Seattle-Tacoma-Olympia, WA aerospace / defense industry
• Central California winemaking industry
• Hollywood movie industry
Copyright© 2021 by University of Phoenix. All rights reserved.
•
•
•
Silicon Valley Technology hub
Texas / Louisiana Gulf Coast crude oil and natural gas production and refining
Pre-1994 vs Post-1994 US auto and light truck production and the reasons for the change in economic concentration
Write a 700- to 1,050-word evaluation (Part 2 of your report) of economists’ assessments of the role the 4 factors of production played in determining how the
economic concentration you selected has evolved. Complete the following in your evaluation:
•
•
•
•
Analyze how the economic concentration in the area you chose was influenced by competition and pricing.
Analyze how the economic concentration in the area you chose influenced the supply chain.
Analyze which of the 4 factors of production were the most and least important in determining the economic concentration of the area you chose.
Predict changes you anticipate for the area of economic concentration you chose. Support your predictions.
Consider the resources provided and other academically appropriate sources.
Compile Parts 1 and 2 into one report.
Cite at least 2 academically credible sources for each part. The use of charts and tables to illustrate data is highly encouraged.
Submit your report.
Copyright© 2021 by University of Phoenix. All rights reserved.
ECOCB/535 Competency 1 Rubric
Page 3 of 4
Competency Assessment Rubric
Assignment/ Performance Criteria
1. Part 1 – Major Event 1: Supply,
Demand, and Economic Equilibrium
(weight 25%)
Mastery
100%
Thoroughly analyzed the first
selected major economic event
influenced supply, demand and
economic equilibrium in US
economic activity.
Meets Expectations
85%
Partially analyzed how major
economic event influenced supply,
demand and economic equilibrium
in US economic activity.
2. Part 1 – Major Event 2: Supply, Demand, Thoroughly analyzed how the second
selected major economic event
and Economic Equilibrium
(weight 25%)
3. Part 2 – Economic Concentration:
Influenced by Competition and Pricing
(weight 10%)
4. Part 2 – Economic Concentration:
Influenced by Supply Chain
(weight 10%)
Not Met
0%
Narrowly analyzed how the first
selected major economic event
influenced supply, demand and
economic equilibrium in US economic
activity or no attempt to analyze how
the first selected major economic
event influenced supply, demand and
economic equilibrium in US economic
activity.
Partially analyzed how the second
selected major economic event
influenced supply, demand and
influenced supply, demand and
economic equilibrium in US economic economic equilibrium in US
activity.
economic activity.
Narrowly analyzed how the second
selected major economic event
influenced supply, demand
and economic equilibrium in US
economic activity or no attempt to
analyze how the second selected
major economic event influenced
supply, demand and economic
equilibrium in US economic activity.
Thoroughly analyzed how the
Partially analyzed how the selected
selected economic concentration was economic concentration was
influenced by competition and pricing. influenced by competition and
pricing.
Narrowly analyzed how the selected
economic concentration was
influenced by competition and
pricing or no attempt to analyze how
the selected economic concentration
was influenced by competition and
pricing was made.
Thoroughly analyzed how the
selected economic concentration
influenced the supply chain.
Narrowly analyzed how the selected
economic concentration influenced the
supply chain or no attempt to analyze
how the selected economic
concentration influenced the supply
chain was made.
Partially analyzed how the selected
economic concentration influenced
the supply chain.
Copyright© 2021 by University of Phoenix. All rights reserved.
5. Part 2 – 4 Factors
(weight 10%)
6. Part 2 – Predicted Changes
(weight 10%)
7. Communication
(weight 5%)
8. Information Literacy
(weight 5%)
Thoroughly analyzed which of the
four factors of production were the
most and least important in
determining the economic
concentration and the relationship
between the factors of production and
economic concentration.
Partially analyzed which of the four
factors of production were the most
and least important in determining
the economic concentration and the
relationship between the factors of
production and economic
concentration.
Narrowly analyzed which of the four
factors of production were the most
and least important in determining the
economic concentration and the
relationship between the factors of
production and economic
concentration or no attempt to analyze
which of the four factors of production
were the most and least important in
determining the economic
concentration of the location chosen
was made.
Partially evaluated the area of
economic concentration to predict
anticipated changes.
Narrowly evaluated the area of
economic concentration to predict
anticipated changes or no attempt to
evaluate the area of economic
concentration to predict anticipated
changes was made.
Accuracy in grammar, sentence
structures, sentence boundaries, and
word choice enhanced content.
Rare inaccuracies/errors in
grammar, sentence structures,
sentence boundaries, and word
choice did not detract from the
content.
Occasional or
frequent inaccuracies/errors in
grammar, sentence structures,
sentence boundaries, and word choice
detracted some from the content.
Fully integrated relevant supporting
evidence from quality sources.
Mostly integrated relevant
supporting evidence from quality
sources.
Minimally integrated relevant
supporting evidence from quality
sources or no attempt was made to
integrate quality sources.
Thoroughly evaluated the area of
economic concentration to predict
anticipated changes.
Copyright© 2021 by University of Phoenix. All rights reserved.

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Tags:
supply chain

supply and demand

economic activity

Economic Events

Business taxation

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