Economics
vjayala
week_5_rubric_.doc|
Comparative and Absolute Advantage Grading Guide ECO/561 Version 11 |
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Comparative and Absolute Advantage Grading Guide
ECO/561 Version 11
Economics
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Learning Team Assignment: Comparative and Absolute Advantage
Purpose of Assignment
The Week 5 assignment exposes the learner to the magnitude of US economic strength, the rapid growth of China’s economic strength, the absolute advantage of Saudi Arabia in crude oil production and its dominance in that country’s economic strength, and the struggles of the Democratic Republic of the Congo whose per capita GDP is about $1 per day despite being one of the most resource rich countries in the world.
Grading Guide
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Content |
Met |
Partially Met |
Not Met |
Comments: |
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The team analyzed measures of economic growth, comparative and absolute advantage in international trade for the following countries: · USA · China · Saudi Arabia · Democratic Republic of Congo
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The team researched each country, using such resources as the CIA World Fact Book, World Bank data, and World Trade Organization. Team also researched its economic, political and cultural development. |
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The team compared the following using tables or graphs, for the most recent year available and for 2009 (the trough of the last economic cycle): · Country GDP per Capita · Country GDP as a % of World GDP · Country exports per capita · Country exports as a % of GDP · Country exports as a % of World exports. · Country imports per capita · Country imports as a % of GDP · Country imports as a % of World imports (world imports = world exports)
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The team discussed reasons why the economic growth of the four countries varies so markedly. The team discuss if trade influences the strength of the economy worldwide. |
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The team determined the stage in the lifecycle for each country’s economy. |
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The team discussed the following for each country: · At least two products that have provided the country an absolute advantage in trade (if any). · At least two products that have provided the country a comparative advantage in trade. · Factors that have prevented a country from achieving either.
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The team cited a minimum of three peer reviewed sources. |
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The assignment is 1,750 words in length. |
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Total Available |
Total Earned |
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8 |
#/8 |
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Writing Guidelines |
Met |
Partially Met |
Not Met |
Comments: |
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The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. |
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The paper includes properly cited intellectual property using APA style in-text citations and a reference page. |
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The paper includes paragraph and sentence transitions that are logical and maintain flow throughout the paper. |
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The paper includes sentences that are complete, clear, and concise. |
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The paper follows proper rules of grammar and usage including spelling and punctuation. |
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Total Available |
Total Earned |
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4 |
#/4 |
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Assignment Total |
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12 |
#/12 |
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Additional comments:
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