Economic | Demand and Supply


Layout of Student’s Assignment:
1. Cover Sheet (with appropriate identifying details)
2. Introduction (including economic concepts/theories to be applied)
3. Analysis (application of theory to article, including well-labelled diagrams)
4. Conclusions (refer to marking rubric)
5. References (use Chicago style)
6. Main Article Copy {for hardcopy only} – showing date and source
Visit the Bb site for some notes on preparing the assignment. But you can always check with your local tutor about planning and preparing your
assignment. The essay-assignment is worth a value of 20. As a rough guide, the score is out of 60 divided by 3, and is allocated as follows:
Introduction (summary of key issues in article) = 5
Outline of theory from course relevant to article = 10
Application of theory to article (i.e. range and depth of your analysis) = 20
Drawing of diagrams and use of data = 5
Evidence and quality of research = 10
*Conclusions (i.e. recommendations/implications) = 10
TOTAL = 60
* = Conclusions are not simply a summary of what has already been said for which there are NO marks. For instance, you must show who has gained, who has lost
(or who is worse off), changes likely to occur in short run and in long run, deal with issues such as should the government intervene and if so how? (or if not, why not?),
will there be any permanent changes? or will market return to the previous equilibrium? … or any other relevant (policy?) aspects.
ECON1000 2016 Essay Marking Rubric
Components Weight Your Mark

Introduction of key issues
(sets the scene: main article title, author(s), when? where? what?)

out of 5

Outline of relevant theory
(concise definitions of microeconomic concepts, gives reasons for the theories and issues to be analysed)

out of 10

Application of theory to article
(sufficient depth of coverage, concepts clearly understood and applied, logically developed argument)

out of 20

Drawing of diagrams and/or use of data out of 5
Evidence and quality of research
(good use of available information in the main article, effective use of supplementary sources)

out of 10

Implications and/or policy recommendations
(follows logically from the information in the analysis)

out of 10

Score out of 60 / 3 Final Mark Out


Some interesting questions in economics concern the functioning of markets

–Why are there a lot of firms in some markets and not in others?

–Why are markets efficient?

–Should the government intervene in markets?

What would you say???