Business\110 ECONOMICS

8/25/2020

https://blackboard.strayer.edu/webapps/rubric/do/course/manageRubrics?dispatch=view&context=course&rubricId=_828795_1&course_id=_266145_1 1/2

Assignment 1

Assignment 1: Impact of Economics on Daily Living

Levels of Achievement

Criteria Exemplary100% A Proficient 85% B Fair 75% C

Meets Minimum Expectations 65% D

Unacceptable Below 60% F

ECO110-A1- 1 1. Identify a relevant economic concept and describe how it applies to the scenario.

100.00 % Identifies all of the main points as evidenced by their incorporation in the message.

85.00 % Identifies all of the main points as evidenced by their attempt to incorporation in the message.

75.00 % Identifies most of the main points as evidenced by their attempt to incorporation in the message.

65.00 % Identifies an economic concept that is not relevant to the scenario or the description of the economic concept is not within the context of its application to the scenario.

0.00 % Did not identify an economic concept or provide a description for how it applies to the scenario.

ECo110-A1-2 2. Summarize the change in expenditures between budgets.

100.00 % Summarizes all of the changes in expenditures between budgets in terms of dollars.

85.00 % Summarizes most of the changes in expenditures between budgets.

75.00 % Summarizes some of the changes in expenditures between budgets.

65.00 % Summarizes few of the changes in expenditures between budgets.

0.00 % Did not summarize the change in expenditures between budgets.

ECO110-A1- 3 3. Record the ways in which economic trends impacted personal income and consumer prices.

100.00 % Records the ways in which the economic trends in the scenario impacted personal expenditures and consumer prices. Makes at least one inference about the connection between expenditures, prices, and an economic concept.

85.00 % Records the ways in which the economic trends in the scenario impacted personal expenditures and consumer prices.

75.00 % Records the ways in which one of the economic trends in the scenario impacted personal expenditures and consumer prices.

65.00 % Records the ways in which one of the economic trends impacted either personal expenditure or consumer prices, but not both.

0.00 % Did not record the ways in which economic trends impacted personal income and consumer prices.

Name

Description

Rubric Detail

Weight 20.00%

Weight 20.00%

Weight 20.00%

8/25/2020 tempECO11010xsmith

https://blackboard.strayer.edu/webapps/rubric/do/course/manageRubrics?dispatch=view&context=course&rubricId=_828795_1&course_id=_266145_1 2/2

Levels of Achievement

Criteria Exemplary100% A Proficient 85% B Fair 75% C

Meets Minimum Expectations 65% D

Unacceptable Below 60% F

ECO110-A1- 4 4. Explain the rationale for budget decisions made in response to economic changes.

100.00 % Explains the rationale for budget decisions made in response to economic changes. Includes a rationale for why certain expenditures could not be changed.

85.00 % Explains the rationale for decisions related to all changes in the budget made in response to economic changes.

75.00 % Explains the rationale for decisions related to some changes in the budget made in response to economic changes.

65.00 % Explains the rationale for decisions related to one of the changes in the budget made in response to economic changes.

0.00 % Did not explain the rationale for budget decisions made in response to economic changes.

ECO110-A1- 5 5. Explain an additional economic trend or change from within the last year and how it has impacted your personal life and finances.

100.00 % Explains an additional economic trend or change from within the last year and how it impacted your personal life and finances. Offers a prediction about this trend could continue to impact your personal life and finances over the course of the next year.

85.00 % Explains an additional economic trend or change from within the last year and how it impacted your personal life and finances.

75.00 % Identifies an additional economic trend or change from within the last year and how it impacted your personal life and finances, but does not offer a full explanation.

65.00 % Identifies an additional economic trend or change from within the last year, but does not connect the trend to impacts on person life or finances.

0.00 % Did not identify an additional economic trend or change from within the last year.

Weight 20.00%

Weight 20.00%