Business Model and Strategic Planning
vjayala
week_4_grading_rubric_.doc|
Math in Economics Grading Guide QRB/501 Version 8 |
1 |
Individual Assignment: Math in Economics
Purpose of Assignment
The Week 4 assignment explores some of the foundation skills needed for more economic driven courses. Students will take a general business scenario and use the basics of supply and demand to make business decisions. An in-depth knowledge of Economics is not needed to perform these graphs and this aid in understanding the connection between math and other areas.
Resources
Website: https://www.fueleconomy.gov/feg/gasprices/states
Grading Guide
|
Content
|
Met
|
Partially Met |
Not Met
|
Comments: |
|
The student correctly created a supply curve for gasoline. |
|
|
|
|
|
The student correctly created a demand curve for gasoline. |
|
|
|
|
|
The student correctly calculated the average cost of gas in their local area. |
|
|
|
|
|
The student correctly calculated the standard deviation. |
|
|
|
|
|
The Excel® spreadsheet includes all relevant calculations.
|
|
|
|
|
|
The student explained elasticity of supply and demand and how this relates to their pricing decision.
|
|
|
|
|
|
The student determined if the prices are higher, lower, or the same as those in the current location.
|
|
|
|
|
|
The student defended the pricing decision including all relevant supporting documentation. |
|
|
|
|
|
The paper is 700 words in length. |
|
|
|
|
|
|
|
Total Available |
Total Earned |
|
|
|
|
X |
X/X |
|
|
Writing Guidelines
|
Met
|
Partially Met |
Not Met
|
Comments: |
|
The paper — including tables and graphs, headings, a title page, and a reference page — is consistent with APA formatting guidelines and meets course-level requirements. |
|
|
|
|
|
The paper includes properly cited intellectual property using APA style in-text citations and a reference page. |
|
|
|
|
|
The paper includes paragraph and sentence transitions that are logical and maintain flow throughout the paper. |
|
|
|
|
|
The paper includes sentences that are complete, clear, and concise. |
|
|
|
|
|
The paper follows proper rules of grammar and usage including spelling and punctuation. |
|
|
|
|
|
|
|
Total Available |
Total Earned |
|
|
|
|
X |
X/X |
|
|
Assignment Total |
# |
X |
X/X |
|
|
Additional comments:
|
Copyright © 2016 by University of Phoenix. All rights reserved.
