ECOCB/535 Competency 3 Assessment and Rubric

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ECOCB/535 Competency 3 Assessment and Rubric Course Title: The Digital Economy Competency Assessment Title: World Economies Comparison Presentation

Assignment Directions The economic growth and trade competitiveness of countries can be influenced by the economic, political, and cultural development within the country. There are several countries that can be compared to see how a successful economy’s decisions differed from a less-successful economy.

Step 1: Select Economies Review the pairs of economies listed below. Each pair has 1 highly successful country and 1 less successful country, except for NAFTA /EU.

• NAFTA vs. European Union (world’s two largest economic entities) • China vs. India (world’s two most populous countries) • South Korea vs. North Korea (two polar economic opposites, one people) • Venezuela vs. Saudi Arabia (world’s two largest sources of oil reserves) • Nigeria vs. Democratic Republic of the Congo (functioning government and civil order vs. struggling government and violent clashes

among factions; note: the Republic of the Congo is not the same country as the Democratic Republic of the Congo)

Research the economies for your chosen pair of countries.

Compare similarities and differences between your chosen countries/economies.

Continue to Step 2: Create a Presentation Step 2: Create a Presentation

In a 12- to 16-slide presentation with detailed speaker’s notes and visual elements, including graphs and tables, explain how their economic, political, and cultural development since 1992 has influenced their economic growth and trade competitiveness.

ECOCB/535 Competency 3 Rubric Page 2 of 4

Copyright 2021 by University of Phoenix. All rights reserved.

Include the following in your presentation:

• Use tables or graphs to support your analysis of the following economic statistics/indicators of your 2 chosen economies through the most recent year available since 2009 (the trough of the last economic cycle):

• GDP per capita growth over time • Inflation rate over time • Unemployment rate over time • Exports as a percentage of GDP over time • National government debt as a percentage of GDP

Whenever possible, plot the metric for both economies on the same chart.

• Evaluate the reasons why the economic growth of the 2 economies/countries varied. Discuss how international trade influenced the strength of each economy. Discuss the role of value chains and value-added production.

• Analyze how the failure to use value-added trade measures distorts trade statistics.

• Examine at least 2 industries that have provided each economy a comparative advantage in world trade.

Cite at least 2 academically credible sources.

ECOCB/535 Competency 3 Rubric Page 3 of 4

Copyright 2021 by University of Phoenix. All rights reserved.

Competency Assessment Rubric Assignment/Performance

Criteria Mastery 100%

Meets Expectations 85%

Not Met 0%

1. Country Comparison (weight 20%)

Thoroughly compares similarities and differences between chosen countries / economies and successfully explains how their economic, political, and cultural development since 1992 has influenced their economic growth and trade competitiveness.

Partially compares similarities and differences between chosen countries / economies and successfully explains how their economic, political, and cultural development since 1992 has influenced their economic growth and trade competitiveness.

Narrowly compares similarities and differences between chosen countries / economies and basically explains how their economic, political, and cultural development since 1992 has influenced their economic growth and trade competitiveness or no attempt was made to compare similarities and differences between chosen countries / economies nor to explain how their economic, political, and cultural development since 1992 has influenced their economic growth and trade competitiveness.

2. Analysis (weight 20%)

Thoroughly analyzed economic statistic/indicators of two chosen economies including the use of tables and/or graphs that clearly depict GDP per capita growth, inflation rate, unemployment rate, exports, and national government debt as a % of GDP over time since 2009 for each chosen economy.

Partially analyzed economic statistic/indicators of two chosen economies including the use of tables and/or graphs that clearly depict GDP per capita growth, inflation rate, unemployment rate, exports, and national government debt as a % of GDP over time since 2009 for each chosen economy.

Narrowly analyzed economic statistic/indicators of two chosen economies including the use of tables and/or graphs that clearly depict GDP per capita growth, inflation rate, unemployment rate, exports, and national government debt as a % of GDP over time since 2009 for each chosen economy or no attempt is made to include tables and/or graphs.

3. Economic Growth (weight 20%)

Thoroughly evaluated the reasons why the economic growth of the two chosen economies / countries varied from a creative and innovative perspective. Clearly discusses how international trade

Partially evaluated the reasons why the economic growth of the two chosen economies / countries varied from a creative and innovative perspective. Clearly discusses how international trade influenced the strength of each economy, as well

Narrowly evaluated the reasons why the economic growth of the two chosen economies / countries varied; basically discussed how international trade influenced the strength of each economy, as well as the role of value chains and

ECOCB/535 Competency 3 Rubric Page 4 of 4

Copyright 2021 by University of Phoenix. All rights reserved.

Assignment/Performance Criteria

Mastery 100%

Meets Expectations 85%

Not Met 0%

influenced the strength of each economy, as well as the role of value chains and value-added production.

as the role of value chains and value-added production.

value-added production or no attempt was made to evaluates the reasons why the economic growth of the two chosen economies / countries varied. Does not discuss how international trade influenced the strength of each economy, nor the role of value chains and value- added production.

4. Value Added Trade Measures (weight 20%)

Thoroughly analyzed how the failure to use value-added trade measures distorts trade statistics from a creative and innovative perspective.

Thoroughly analyzed how the failure to use value-added trade measures distorts trade statistics.

Narrowly analyzed how the failure to use value-added trade measures distorts trade statistics or no attempt is made to analyze how the failure to use value-added trade measures distorts trade statistics.

5. Comparative Advantage in World Trade (weight 20%)

Thoroughly examined more than 2 industries that have provided each economy a comparative advantage in world trade.

Thoroughly examined 2 industries that have provided each economy a comparative advantage in world trade.

Narrowly examined 1 or 2 industries that have provided each economy a comparative advantage in world trade or no attempt is made to examine industries that have provided each economy a comparative advantage in world trade.