difference between positive and normative economics
Order ID:89JHGSJE83839 Style:APA/MLA/Harvard/Chicago Pages:5-10 Instructions:
difference between positive and normative economics
Module 1 – Case
INTRODUCTION TO ECONOMICS
Assignment Overview
In this first Case Assignment, you will be researching some of the key economic terms and concepts presented in the required and outside readings. You will then turn your theoretical research into practice by defining the terms and concepts, as well as offering real-time examples of each. This is a multi-part assignment, so make sure that you have addressed each question or topic. The best way to approach this assignment is to prepare your responses in outline form following the order of each question/topic. This will help you keep track of your responses.
Case Assignment
After reviewing the information listed on the background materials page, address the following questions in an essay or short-answer form. Support all your answers with references:
- Explain the difference between positive and normative economics. Give a real-time example of each that you found in doing some outside research.
- After doing some additional research on your own along with the assigned reading on public goods, answer the following questions:
- What are the two main characteristics of this type of good?
- What is the biggest “problem” with allocating public goods?
- Do you think the government should have a role in allocating public goods, or should goods be privatized?
Here’s a great site that offers definitions and examples of economic terms literally from A to Z; https://tinyurl.com/6rxna6a
Assignment Expectations
- Use concepts from the modular background readings as well as any good quality resources you can find.
- Cite all sources within the text and in a reference list at the end of the paper.
- Length: 4–5 pages double-spaced and typed.
- The following items will be assessed in particular:
- Your ability to follow prescribed assignment content guidelines.
- Your ability to apply the basic concepts to the questions.
- Some in-text references to the modular background readings (APA formatting not required).
- The essay should address each element of the assignment. Remember to support your answers with solid references, including the case readings.
difference between positive and normative economics
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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