Eco-561 Market Equilibrating Process Paper
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- Date Submitted: 03/06/2011 08:33 PM
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Individual Assignment: Market Equilibrating Process Paper
Understanding how market equilibrium is maintained is essential for business managers. As a manager, it is important to understand how economic principles, and specifically supply and demand, are a part of your everyday business decisions.
For this assignment, relate the concepts of the market equilibrating process in the Weeks One and Two readings and learning activities to a prior real-world experience occurring in a free market. The experience does not necessarily have to be work related.
• Explain the market equilibrating process in relation to your experience. Include academic research to support your ideas.
• Consider the following components in your explanation:
Law of demand and the determinants of demand
Law of supply and the determinants of supply
Efficient markets theory
Surplus and shortage
• Use University of Phoenix Material: Appendix A to create graphs illustrating the equilibrating process in price relation to the shift in supply and demand.
• Deliver the content as a 350- to 500-word paper, 7- to 10-slide Microsoft® PowerPoint® presentation, 2- to 3-minute video, or 1-page comic strip illustration.
• Format your citations and references consistent with APA guidelines. Because this assignment is a personal reflection, use first-person pronouns when applicable.
|Content |Points Available|Points Earned|Additional Comments: |
|60 Percent |4 |X/4 | |
|The paper relates the concepts in this | |3.7 | Overall good section but need just a little more |
|week’s readings to a prior real world | | |explanation of the specific details of the market |...
Understanding how market equilibrium is maintained is essential for business managers. As a manager, it is important to understand how economic principles, and specifically supply and demand, are a part of your everyday business decisions.
For this assignment, relate the concepts of the market equilibrating process in the Weeks One and Two readings and learning activities to a prior real-world experience occurring in a free market. The experience does not necessarily have to be work related.
• Explain the market equilibrating process in relation to your experience. Include academic research to support your ideas.
• Consider the following components in your explanation:
Law of demand and the determinants of demand
Law of supply and the determinants of supply
Efficient markets theory
Surplus and shortage
• Use University of Phoenix Material: Appendix A to create graphs illustrating the equilibrating process in price relation to the shift in supply and demand.
• Deliver the content as a 350- to 500-word paper, 7- to 10-slide Microsoft® PowerPoint® presentation, 2- to 3-minute video, or 1-page comic strip illustration.
• Format your citations and references consistent with APA guidelines. Because this assignment is a personal reflection, use first-person pronouns when applicable.
|Content |Points Available|Points Earned|Additional Comments: |
|60 Percent |4 |X/4 | |
|The paper relates the concepts in this | |3.7 | Overall good section but need just a little more |
|week’s readings to a prior real world | | |explanation of the specific details of the market |...