ACCT500 Week 6 Homework Rubric

Draft Microeconomics Applications

Student Name:
Date Graded:

Course Objective Key Concept Aspect Being Unsatisfactory C B A Level Score Points Comments & Feedback
(Enabling Evaluated <70% 70–79.9% 80–89.9% 90–100% Achieved Available
Objective) (which part of the
assignment supports 40 Points
the CO)
Competency not Partial ability to Full ability to execute, Characterized by
demonstrated execute, solve, and solve, and respond accuracy, researched,
respond synthesis, creative
insight/anticipation of
consequences

CO-F: Given the basic F-1: Examine the APPLICATION 1 - Student is unable to Student demonstrates Student demonstrates Student demonstrates a 9 points
economic problem of determinants of SCARCITY/INCENTIVES or poorly or a moderate but a complete and complete examination
scarcity, apply demand and supply inaccurately limited examination accurate examination with in-depth and
opportunity costs, demonstrates an of scarcity and with limited depth or insight of scarcity and
and markets, understanding of incentives with insight of scarcity and incentives with respect
examine how the scarcity and respect to how they incentives with respect to how they are
price mechanism incentives with are determinants of to how they are determinants of
reconciles changes to respect to how they demand and supply. determinants of demand and supply
either/both are determinants of demand and supply
function(s), resulting demand and supply
in a new market
equilibrium price and
level of output.
F-1: Examine the APPLICATION 2: Student is unable to Student demonstrates Student demonstrates Student demonstrates a 9 points
determinants of OPPORTUNITY COSTS: or poorly or a moderate but a complete and complete examination
demand and supply inaccurately limited examination accurate examination with in-depth and
demonstrates an of opportunity cost or with limited depth or insight of opportunity
understanding of margins with respect insight of opportunity cost or margins with
opportunity cost or to how they are cost or margins with respect to how they are
margins with respect determinants of respect to how they are determinants of
to how they are demand and supply. determinants of demand and supply.
determinants of demand and supply.
demand and supply.
F-2: Differentiate APPLICATION 3: Law Student is unable to Student demonstrates Student demonstrates Student demonstrates a 5 points
between changes of SUPPLY AND or poorly or a moderate but a complete and complete examination
in quantity DEMAND inaccurately limited examination accurate examination with in-depth and
demanded/quantit demonstrates an of the relationship with limited depth or insight of the
y supplied (a understanding of the between price and insight of the relationship between
movement along a relationship between quantity supplied. relationship between price and quantity
fixed demand price and quantity price and quantity supplied.
curve) and a supplied. supplied.
change in
demand/change in

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Page 1 of 3
 ACCT500 Week 6 Homework Rubric
Draft Microeconomics Applications

Course Objective Key Concept Aspect Being Unsatisfactory C B A Level Score Points Comments & Feedback
(Enabling Evaluated <70% 70–79.9% 80–89.9% 90–100% Achieved Available
Objective) (which part of the
assignment supports 40 Points
the CO)
Competency not Partial ability to Full ability to execute, Characterized by
demonstrated execute, solve, and solve, and respond accuracy, researched,
respond synthesis, creative
insight/anticipation of
consequences

supply (a
movement of the
entire demand
curve).

F-5. Evaluate the APPLICATION 3: Law Student is unable to Student demonstrates Student demonstrates Student demonstrates a 4 points
factors that of SUPPLY AND or poorly or a moderate but a complete and complete evaluation
influence price DEMAND inaccurately limited evaluation of accurate evaluation with in-depth and
elasticity of evaluates factors factors that influence with limited depth or insight of factors that
demand and that influence price price elasticity of insight of factors that influence price elasticity
supply. elasticity of demand demand and supply. influence price of demand and supply
and supply elasticity of demand
and supply
F-3: Illustrate how APPLICATION 4: Student is unable to Student demonstrates Student demonstrates Student demonstrates a 5 points
market equilibrium Market Analysis or poorly or a moderate but a complete and complete examination
is reached. (Equilibrium) inaccurately limited examination accurate examination with in-depth and
demonstrates an of how market with limited depth or insight of how market
understanding of equilibrium is reached insight of how market equilibrium is reached
how market equilibrium is reached
equilibrium is
reached
All components of the Assignment Articulation: The writer seems Partially reflective of Generally engaged with Clear and consistent 2 points
(Mechanics, Spelling, unaware of purpose, purpose and purpose and audience. focus on purpose and
Clarity Structure, audience, or audience. Central idea responds audience. Develops a
Organization) organization. Little Development of to the topic but is strong central idea and
evidence of a central idea produces vaguely realized in explores the issues fully
controlling idea. Fails some distortion or places. Generally well and insightfully.
to respond to the may neglect organized, with Logically organized with
situation or explore significant issues. The adequate support, but concrete details that
the issues. The plan of organization is there are some directly support major
writer’s voice is not undermined by misplaced details or points. The distinctive
recognizable due to omission of ideas and logical inconsistencies. voice of the writer
inadequate control details and illogical or The writer’s voice is emerges through
of language. Style is simplistic reasoning. apparent but superior command of
undeveloped. The writer’s voice is occasionally language and stylistic
Excessive weakly developed and inconsistent. variety and energy.

Copyright © 2017 by DeVry Educational Development Corporation.

All rights reserved. No part of this work may be reproduced or used in any form or by any means – graphic, electronic, or mechanical, including photocopying, recording, Web distribution or information storage and retrieval systems – without the prior consent of DeVry Educational Development
Corporation.

Page 2 of 3
 ACCT500 Week 6 Homework Rubric
Draft Microeconomics Applications

Course Objective Key Concept Aspect Being Unsatisfactory C B A Level Score Points Comments & Feedback
(Enabling Evaluated <70% 70–79.9% 80–89.9% 90–100% Achieved Available
Objective) (which part of the
assignment supports 40 Points
the CO)
Competency not Partial ability to Full ability to execute, Characterized by
demonstrated execute, solve, and solve, and respond accuracy, researched,
respond synthesis, creative
insight/anticipation of
consequences

grammatical and use of language may Demonstrates Essentially free from

mechanical errors be vague, imprecise, competent use of mechanical errors.
block meaning. or awkward. Style is language and a
repetitive or plodding. workable style.
Mechanical errors Mechanical errors do
sometimes interfere not significantly
with meaning. interfere with meaning.
All components of the Assignment APA Style Information is not Information is Information is When the candidate 2 points
supported by use of supported by use of supported by uses sources, the
in-text citations or references and in-text appropriate use of candidate provides
references. citations, but with research. Includes in- appropriate use of
major deviations from text citations and research. In-text
APA style. references with minor citations and references
deviations from APA with no readily
style. detectable deviations
from APA style.
Total Points 40 points

Note: Failure to cite sources properly or using incorrect protocol when citing sources and listing references is cause for point reduction. Failure to cite sources will result in submission for academic integrity review.

Copyright © 2017 by DeVry Educational Development Corporation.

All rights reserved. No part of this work may be reproduced or used in any form or by any means – graphic, electronic, or mechanical, including photocopying, recording, Web distribution or information storage and retrieval systems – without the prior consent of DeVry Educational Development
Corporation.

Page 3 of 3