Economic Concepts

Economic Concepts


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Assignment Details

One of the lessons of economics is that “there is no such thing as a free lunch.” This means that businesses, consumers, and whole societies face tradeoffs whenever they make a decision. Please draw on your own experiences to discuss the following 3 items. Make sure you use economic concepts in your main contribution.

Explain a decision that you have made at work, or one concerning your career, or any major life decision that you have made.

Identify and explain the trade-offs that you faced.

List the alternatives you had, identify the highest valued alternative, and explain your final decision to the class.

In your own words, post a response to the Discussion Board, and comment on at least 2 other postings. You will be graded on both level of engagement and the quality of the contribution to the discussion.

Discussion Board Reminders:

  • Must have three posts: A Main Post and two replies to peers.

First post: Either your main post or a reply to others must be posted before midnight CT (Central time) on Friday of each week.

Second and third post: Must be posted on a different day from the first post.

Engaging in Class Discussions: For more information on making the most of your class dialog, review the Academic Resource on Discussion Boards.

Grading Rubric

Assignment CriteriaProficient DescriptorPoints

Quality of  Main Post

27 Points Total

  1. Student’s main post meets or exceeds the following requirements
  2. Responds completely to all of parts of discussion question. (7 points)
  3. Communicates content information accurately and/or logically (7 points)

Delivers a thoughtful response demonstrating insights and reflections (7 points)

Connects to key content concepts and personal experiences (if applicable) (6 points)

/27 pts.

Response to Peers

24 Points Total

Responds to a minimum of 2 peers.  (12 points per response)

  • Substantive response (6 points)
    Furthers the conversation with peers. Examples could include:  (6 points)  Provides additional resources
    Connects accurately to key concepts
    Shares personal or professional experiences
    Contributes new information or perspective
    Presents a competing viewpoint

/24 pts.

Support from Learning Resources

  • 4 Points Total

At least one post mentions course resources or library resources./4 pts.

  • Professional Writing

5 Points Total

  • Response is well-organized, clear and free of grammatical and mechanical errors.

Posts demonstrate courtesy and respect for others.
/5 pts.Total/60 pts.

Other Information

  • There is no additional information to display at this time.