FINAL PAPER GRADING RUBRIC
CATEGORY EXCELLENT VERY GOOD SATISFACTORY FAIR UNSATISFACTORY
TOPIC – Relevance/Value – Select a topic you are passionate about and want to write about. This way, your time
invested in research has purpose and intent.
RESEARCH – Facts/Citations Supporting Evidence
Must follow APA Citation Guidelines – This is where proper citation is required. Since you are not the expert, who said it
and where did you obtain this information?
FORMATTING – Cover Page Subsections/Headings/Reference Follow Guidelines provided.
Abstracts are NOT required.
WRITING – Style/Presentation – What is your writing style? Casual, Conversational, Editorial, Professional/Expert
MECHANICS
Paragraph – Organize your thoughts, ideas, facts, and present them in a constructive manner. Discuss one idea at a
time.
A paragraph consists of a minimum of 3 or more sentences.
Sentence Structure – Decide if you are writing in 1st or 3rd person.
Grammar/Language – Present, Past or Future tense. Who is your audience? Explain your points of view/thoughts.
ACADEMIC WRITING STANDARDS
Avoid use of colloquial or street language. It’s unacceptable.
Eg. Phrases such as “Big Time” “Like I told you already”
Assumptions – “Everyone Knows” “People all over” – This is where proper citation is required. Since you are not the
expert, who said it and where did you obtain the information?
Each Student is required to write an Academic Paper from an Approved topic of your
choice.
b) The presented paper will include discussions on the Economic Impact/Value of your topic
from Economic topics discussed from the syllabus or your Approved choice.
c) Paper must consist of a Ten (10) pages type written double spaced paper in either Arial or
Times Roman fonts at size 12 in MS Word ONLY and Must be converted to PDF for
submission onto Canvas. This includes Cover and Reference pages.
d) Students may include graphs and charts to support their points. The inclusion of graphs
and charts will result in more than 10 total pages as the paper MUST include 8 type
written pages and NO longer than a total of 15 pages.
e) Violations of St. John’s University Academic Integrity Standards, Guidelines of Plagiarism,
and APA Guidelines will result in failure and will be reported to the Dean for breach of the
University’s Academic Integrity Policy.
f) Papers written or generated by ANY Artificial Intelligence (AI) platforms are unacceptable.
g) Using AI for research, generating ideas, and gaining scholarly insight are acceptable.
My layout-
Introduction
Microeconomics
Supply
Demand
Technology Impact on Supply – Change and statistical data to support your point.
Technology Impact of Demand – Change and statistical data to support your point.
Conclusion – Your opinion of what you think based on your research.
This is all of the information i have i have so far:
The impact of Technological development on Supply and Demand
Microeconomics is a vastly in-depth part of economics that unlike macroeconomics that looks at the overall sum of economics on a global scale, focuses more on individuals, households, and businesses. The behaviors and decisions of individuals meaning consumers, industries and firms is a thorough approach of getting insight into the economy. The understanding of how individuals’ decisions impact the finical system, in a positive or negative manner, is all based on the production and pricing of goods and services. Terms in microeconomics that are important for understanding include consumer behavior, which is about why people buy what they buy. Which focuses more on how much money the consumer has, preferences, and the cost. Producer behavior, this is how businesses make there products or services and how they decide what to produce, how much of it to produce and how pricey it will be. Microeconomics also studies the structure of markets, like monopolies, where one company is selling one thing, unlike a perfect competition, where everyone is selling a specific product or service.
Supply in microeconomics focuses on the quantity of a good or service in the market. The law of supply can be shown on a graph and shows the direct relationship between quantity supplies and price. There are 5 shifters in the supply curve that make the amount of supply increase or decrease. The first being the price of resources, an example of this could be coffee, say every week Dunkin buys coffee beans from a Columbian coffee bean business, but they are short on coffee beans, the prices will increase. Technology is the second factor, new technology makes products quicker and cost affordable, instead of a coffee machine that only does espressos, they buy a machine that makes cappuccinos, espressos, lattes and all different sorts, making production easier. Government involvement will also come into play, if they start to tax certain products the supply’s decrease, or if the government funds the production process the supply would increase. The number of sellers is the fourth shifter, if there are more sellers meaning more supply, supply will increase, lesser sellers supply will decrease. Lastly expectations, if producers think the prices will increase in the near future, they will hold back on supply now to have some for production later.
Demand -the desire for a good or service in the market. In the demand curve, the inverse relationship between quantity demand and price, this on a graph can show when the price goes up the quantity of demand goes down, and when the the price goes down the quantity of demand goes up meaning people will want to buy more. In the law of demand there are three reasons for this law, substitution effect, income effect and the law of diminishing marginal utility. The substitution effect in the law of demand is when prices increase individuals will buy less of it and will go for a cheaper alternative. The income effect can be described as consumers reaction to an increase in income, if a consumer makes more they spend more, and they make less they will end up spending less. Then there is the law of diminishing marginal utility, meaning that for any good or service as a consumer buy more and more of, the satisfaction from that good or service declines. These three concepts are a crucial part of the law of demand as there are five main shifters of demand. Using the example of buying an iced coffee, Preferences which may vary depending on many factors like the weather, if it’s cold outside and indicudal might not want something cold or might want to opt for something warm. Another thing is more consumers, more consumers will cause an increase in demand less will create less demand.
Price of substitutes, if the coffee at Starbucks increases, consumers might opt for Dunkin which is large quantity and less expensive. Income is another one, if people have an increase in income maybe they will buy a larger coffee size instead of the normal size they get. Expectations, if prices are to be seen to increase in the future, maybe people will buy more coffee now.
Technology developments in iphones, computers, and ipads in todays economy isnt the only form of technology throughout history to make production easier and cost efficient. Technology isany device that comes of use to a bussiness to make the products or services at a quicker pace and less cos tly. This form of competition is constantly forcing bussinesses to have the best products at all times. Dating back to all the way to when farmers were producing foods and were loooking for more efficent ways to get foods. With new technologies it can create more jobs and not at the same time. As it can be seen many people work from home, so new forms of technology allowing individuals to have zoom calls, and do work from home, is a efficient use of technology that has created new jobs but sometimes thats not always the case.
Technology impact on supply- Change and statistical data to support your point
1. **Impact on Supply:**
ncreased Efficiency, Expansion of Production Possibilities, Reduced Barriers to Entry:
Pros …
Cons ….
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One citation
According to the Bureau of Labor Statistics, the Consumer –
“Price Index for computers declined 96 percent from 1997 to 2015. In the same period, the price index for televisions decreased 94 percent.” (Statistic on supply)
Technology impact of demand- change and statistical data to support your point
**Impact on Demand:**
– **Creation of New Products and Services
– **Improvement in Product Quality
– **Changes in Consumer Behavior
Based on all the research I have conducted into this paper it is clear that techonoolgical advacmetns have been around for a while. Since all the way back dating to the… when farmers invetnetd the …. to help pick up crops, to now where big bussniesses are looking for way to produce t-shirts with graphic designs with new machines. There are so many forms of technolgy that are not only impacting individuals daily lives but also giving them what they want more but done for less. With Artificial intelligence becoming more popular, it is to be seen that it is not going to stop developing now so with the outcome of AI taking over, this could be a good thing when it comes to effiencny, but it can also effect people who work and need there jobs to support there families.
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This is kind of how i write, i know this needs to be fixed a lot, i wasnt even close to finished, i was just hoping you could go based off of what i wrote, and how i write!
