eco 365 wk5

Theory of Consumer Choice and Frontiers of Microeconomics Grading Guide

ECO/365 Version 10

Individual Assignment: Theory of Consumer Choice and Frontiers of Microeconomics Purpose of Assignment Week 5 exposes students to subjects that are intended to whet their appetites for further study in economics. Students will use the theory of consumer choice and the impact of the concepts of asymmetric information, political economy, and behavior economics, to describe how consumers make economic decisions. Grading Guide

Content	Met	Partially Met	Not Met	Comments:
Student’s analysis includes the impact the theory of consumer choice has on: a. Demand curves b. Higher wages c. Higher interest rates
Student’s analysis includes the role asymmetric information has in many economic transactions.
Student’s analysis includes the Condorcet Paradox and Arrow’s Impossibility Theorem in the political economy.
Student includes analysis about people not being rational in behavior economics.
The paper is 1,050 words in length.
		Total Available	Total Earned
		10	#/10

Writing Guidelines	Met	Partially Met	Not Met	Comments:
The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements.
Intellectual property is recognized with in-text citations and a reference page.
Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper.
Sentences are complete, clear, and concise.
Rules of grammar and usage are followed including spelling and punctuation.
		Total Available	Total Earned
			#/3

Assignment Total	#	13	#/13
Additional comments: