{"id":32595,"date":"2023-08-26T19:06:20","date_gmt":"2023-08-26T19:06:20","guid":{"rendered":"https:\/\/www.goodacademic.com\/blog\/questions\/ecocb-535-competency-1-assessment-and-rubric-course-title-the-digital-economy-competency-assessment-title-impact-of-economic-events-and-economic-concentration\/"},"modified":"2023-08-26T19:06:20","modified_gmt":"2023-08-26T19:06:20","slug":"ecocb-535-competency-1-assessment-and-rubric-course-title-the-digital-economy-competency-assessment-title-impact-of-economic-events-and-economic-concentration","status":"publish","type":"questions","link":"https:\/\/www.goodacademic.com\/blog\/questions\/ecocb-535-competency-1-assessment-and-rubric-course-title-the-digital-economy-competency-assessment-title-impact-of-economic-events-and-economic-concentration\/","title":{"rendered":"ECOCB\/535 Competency 1 Assessment and Rubric Course Title: The Digital Economy Competency Assessment Title: Impact of Economic Events and Economic Concentration"},"content":{"rendered":"<div>\n<ul style=\"margin-right: 0px; margin-bottom: 0px; margin-left: 0px; padding: 0px 3rem 0px 1.5rem; line-height: inherit; list-style-position: outside; cursor: text; counter-reset: list-1 0 list-2 0 list-3 0 list-4 0 list-5 0 list-6 0 list-7 0 list-8 0 list-9 0; caret-color: rgb(38, 38, 38); color: rgb(38, 38, 38); white-space: pre-wrap; -webkit-text-size-adjust: 100%;\">\n<ul style=\"padding: 0px 3rem 0px 1.5rem; font-size: 14px; line-height: inherit; cursor: auto;\">\n<li style=\"padding: 0px 0px 0px 1.5em; line-height: inherit; cursor: auto;\"><span style=\"background-color: var(--color-6); font-variant-caps: inherit;\">\n<ul style=\"padding: 0px 3rem 0px 1.5rem; line-height: inherit; cursor: auto;\">ECOCB\/535 Competency 1 Assessment and Rubric<br \/>\nCourse Title: The Digital Economy<br \/>\nCompetency Assessment Title: Impact of Economic Events and Economic Concentration<br \/>\n<\/ul>\n<ul style=\"padding: 0px 3rem 0px 1.5rem; line-height: inherit; cursor: auto;\"><b>Assignment Directions<\/b><br \/>\n<b>To complete this assessment, you will create a two-part report<\/b>. In Part 1, you will analyze how two major economic events influenced supply, demand, and economic equilibrium in the U.S. In Part 2, you will evaluate economists\u2019 assessments of the role the four factors of production played in determining how the economic concentration you selected has evolved.<br \/>\nImagine that you are a business consultant tasked with sharing the concepts below with a team of interns who will be supporting the research aspects tied to a new initiative requiring knowledge about economic influence and economic concentration. The use of charts and tables to illustrate data is highly encouraged to help the interns connect the dots.<br \/>\nCreate a report incorporating the following:<br \/>\n<b>Part 1: Economic Events &amp; Activity Analysis<\/b><br \/>\nReview the Competency 1 Resources: Economic Fundamentals.<br \/>\n<b>Write a 500- to 750-word analysis (Part 1 of your report<\/b>) assessing how 2 of the following major economic events influenced supply, demand, and economic equilibrium in U.S. economic activity:<br \/>\n\u2022 Rapid price increases, such as those caused by the 1973 oil embargo or the aftermath of a major hurricane<br \/>\n\u2022 Dramatic employment drops, such as the combined impact of the 2006 housing bubble burst and the subsequent Great Recession<br \/>\n\u2022 Crippling interest rates imposed by the Federal Reserve, such as those during the 1975\u20131985 time period<br \/>\n\u2022 Collapse of the Soviet Union in 1991 and the end of the Cold War and the \u201cpeace dividend\u201d<br \/>\n\u2022 The dot-com bubble from 1994 to 2000 and the subsequent dot-com crash<br \/>\nPart 2: Economic Concentration Evaluation<br \/>\nReview the Competency 1 Resources: Factors of Production &amp; Economic Concentration. Select 1 of the economic concentrations (clusters) below:<br \/>\n\u2022 Seattle-Tacoma-Olympia, WA  industry<\/ul>\n<ul style=\"padding: 0px 3rem 0px 1.5rem; line-height: inherit; cursor: auto;\">\n  Copyright 2021 by University of Phoenix. All rights reserved.<\/p>\n<p>ECOCB\/535 Competency 1 Rubric Page 2 of 4<br \/>\n\u2022 Central California winemaking industry<br \/>\n\u2022 Hollywood movie industry<br \/>\n\u2022 Silicon Valley Technology hub<br \/>\n\u2022 Texas \/ Louisiana Gulf Coast crude oil and natural gas production and refining<br \/>\n\u2022 Pre-1994 vs. Post-1994 US auto and light truck production and the reasons for the change in economic concentration<br \/>\n<b>Write a 700- to 1,050-word evaluation (Part 2 of your report) of economists\u2019 assessments of the four factors of production in determining how the economic concentration you selected has evolved. Complete the following in your evaluation<\/b>:<br \/>\n\u2022 Analyze how the economic concentration in the area you chose was influenced by competition and pricing.<br \/>\n\u2022 Analyze how the economic concentration in the area you chose influenced the supply chain.<br \/>\n\u2022 Analyze which of the four factors of production were the most and least important in determining the economic concentration of the area you chose.<br \/>\n\u2022 Predict changes you anticipate for the area of economic concentration you chose. Support your predictions.<br \/>\nConsider the resources provided and other academically appropriate sources.<br \/>\n<b>Compile Parts 1 and 2 into one report.<br \/>\nCite at least two academically credible sources for each part. The use of charts and tables to illustrate data is highly encouraged. Submit your report<\/b>.<\/ul>\n<ul style=\"padding: 0px 3rem 0px 1.5rem; line-height: inherit; cursor: auto;\">\nCopyright 2021 by University of Phoenix. All rights reserved.<\/p>\n<p>Competency Assessment Rubric<br \/>\nECOCB\/535 Competency 1 Rubric Page 3 of 4<br \/>\n    Assignment\/Performance<br \/>\nCriteria<br \/>\nMastery<br \/>\n100%<br \/>\nMeets Expectations<br \/>\n85%<br \/>\nNot Met<br \/>\n0%<br \/>\n         1. Part 1 &#8211; Major Event 1: Supply, Demand, and Economic Equilibrium<br \/>\n(weight 25%)<br \/>\nThoroughly analyzed the first selected major economic event that influenced supply, demand, and economic equilibrium in US economic activity.<br \/>\nPartially analyzed how major economic events influenced supply, demand, and economic equilibrium in US economic activity.<br \/>\nNarrowly analyzed how the first selected major economic event influenced supply, demand, and economic equilibrium in US economic activity or no attempt to analyze how the first selected major economic event influenced supply, demand, and economic equilibrium in US economic activity.<br \/>\n         2. Part 1 &#8211; Major Event 2: Supply, Demand, and Economic Equilibrium<br \/>\n(weight 25%)<br \/>\nThoroughly analyzed how the second selected major economic event influenced supply, demand, and economic equilibrium in<br \/>\nUS economic activity.<br \/>\nPartially analyzed how the second selected major economic event influenced supply, demand, and economic equilibrium in US economic activity.<br \/>\nNarrowly analyzed how the second selected major economic event influenced supply, demand<br \/>\nand economic equilibrium in US economic activity or no attempt to analyze how the second selected major economic event influenced supply, demand, and economic equilibrium in US economic activity.<br \/>\n         3. Part 2 &#8211; Economic Concentration: Influenced by Competition and Pricing<br \/>\n(weight 15%)<br \/>\nThoroughly analyzed how the selected economic concentration was influenced by competition and pricing.<br \/>\nPartially analyzed how the selected economic concentration was influenced by competition and pricing.<br \/>\nNarrowly analyzed how the selected economic concentration was influenced by competition and pricing or no attempt to analyze how the selected economic concentration was influenced by competition and pricing was made.<br \/>\n         4. Part 2 &#8211; Economic Concentration: Influenced by Supply Chain<br \/>\n(weight 15%)<br \/>\nThoroughly analyzed how the selected economic concentration influenced the supply chain.<br \/>\nPartially analyzed how the selected economic concentration influenced the supply chain.<br \/>\nNarrowly analyzed how the selected economic concentration influenced the supply chain, or no attempt to analyze how the selected economic concentration influenced the supply chain was made.<\/ul>\n<ul style=\"padding: 0px 3rem 0px 1.5rem; line-height: inherit; cursor: auto;\">\n      Copyright 2021 by University of Phoenix. All rights reserved.<\/p>\n<p>ECOCB\/535 Competency 1 Rubric Page 4 of 4<br \/>\n  Assignment\/Performance Criteria<br \/>\n   Mastery 100%<br \/>\n   Meets Expectations 85%<br \/>\n   Not Met 0%<br \/>\n   5. Part 2 &#8211; 4 Factors (weight 10%)<br \/>\n Thoroughly analyzed which of the four factors of production were the most and least important in determining the economic concentration and the relationship between the factors of production and economic concentration.<br \/>\n Partially analyzed which of the four factors of production were the most and least important in determining the economic concentration and the relationship between the factors of production and economic concentration.<br \/>\n Narrowly analyzed which of the four factors of production were the most and least important in determining the economic concentration and the relationship between the factors of production and economic concentration or no attempt to analyze which of the four factors of production were the most and least important in determining the economic concentration of the location chosen was made.<br \/>\n   6. Part 2 &#8211; Predicted Changes<br \/>\n(weight 10%)<br \/>\n  Thoroughly evaluated the area of economic concentration to predict anticipated changes.<br \/>\n   Partially evaluated the area of economic concentration to predict anticipated changes.<br \/>\n   Narrowly evaluated the area of economic concentration to predict anticipated changes or no attempt to evaluate the area of economic concentration to predict anticipated changes was made.<\/ul>\n<ul style=\"padding: 0px 3rem 0px 1.5rem; line-height: inherit; cursor: auto;\">\nCopyright 2021 by University of Phoenix. All rights reserved<\/p>\n<li style=\"padding: 0px 0px 0px 1.5em; line-height: inherit; cursor: auto;\">?<\/li>\n<\/ul>\n<p><\/span><\/li>\n<\/ul>\n<ul style=\"margin-right: 0px; margin-left: 0px; padding: 0px 3rem 0px 1.5rem; font-family: &quot;Open Sans&quot;, Helvetica, Arial, sans-serif; line-height: inherit; list-style-position: outside; cursor: text; counter-reset: list-1 0 list-2 0 list-3 0 list-4 0 list-5 0 list-6 0 list-7 0 list-8 0 list-9 0;\"><br style=\"cursor: auto;\"><br style=\"cursor: auto;\"><\/p>\n<li style=\"margin: 0px; padding: 0px 0px 0px 1.5em; line-height: inherit; list-style-type: none;\"><span style=\"font-variant-caps: inherit;\">.<\/span><\/li>\n<li style=\"margin: 0px; padding: 0px 0px 0px 1.5em; line-height: inherit; list-style-type: none;\"><\/li>\n<\/ul>\n<p style=\"margin-right: 0px; margin-bottom: 0.3125rem; margin-left: 0px; padding: 0px; font-family: &quot;Open Sans&quot;, Helvetica, Arial, sans-serif; line-height: 1.6; text-rendering: optimizeLegibility; word-wrap: break-word; cursor: text; counter-reset: list-1 0 list-2 0 list-3 0 list-4 0 list-5 0 list-6 0 list-7 0 list-8 0 list-9 0; word-break: normal;\">&nbsp;<\/p>\n<p style=\"margin-right: 0px; margin-bottom: 0.3125rem; margin-left: 0px; padding: 0px; font-family: &quot;Open Sans&quot;, Helvetica, Arial, sans-serif; line-height: 1.6; text-rendering: optimizeLegibility; word-wrap: break-word; cursor: text; counter-reset: list-1 0 list-2 0 list-3 0 list-4 0 list-5 0 list-6 0 list-7 0 list-8 0 list-9 0; word-break: normal;\"><span style=\"font-variant-caps: inherit;\">.<\/span><\/p>\n<ul style=\"margin-right: 0px; margin-left: 0px; padding: 0px 3rem 0px 1.5rem; font-family: &quot;Open Sans&quot;, Helvetica, Arial, sans-serif; line-height: inherit; list-style-position: outside; cursor: text; counter-reset: list-1 0 list-2 0 list-3 0 list-4 0 list-5 0 list-6 0 list-7 0 list-8 0 list-9 0;\">\n<li style=\"margin: 0px; padding: 0px 0px 0px 1.5em; line-height: inherit; list-style-type: none;\"><span style=\"font-variant-caps: inherit;\">\n<ul style=\"margin-right: 0px; margin-left: 0px; padding: 0px 3rem 0px 1.5rem; line-height: inherit; list-style-position: outside; cursor: text; counter-reset: list-1 0 list-2 0 list-3 0 list-4 0 list-5 0 list-6 0 list-7 0 list-8 0 list-9 0;\">\n<li style=\"margin: 0px; padding: 0px 0px 0px 1.5em; line-height: inherit; list-style-type: none;\"><span style=\"font-variant-caps: inherit;\">\n<ul style=\"margin-right: 0px; margin-left: 0px; padding: 0px 3rem 0px 1.5rem; line-height: inherit; list-style-position: outside; cursor: text; counter-reset: list-1 0 list-2 0 list-3 0 list-4 0 list-5 0 list-6 0 list-7 0 list-8 0 list-9 0;\">\n<li style=\"margin: 0px; padding: 0px 0px 0px 1.5em; line-height: inherit; list-style-type: none;\">\n<ul style=\"margin-right: 0px; margin-left: 0px; padding: 0px 3rem 0px 1.5rem; line-height: inherit; list-style-position: outside; cursor: text; counter-reset: list-1 0 list-2 0 list-3 0 list-4 0 list-5 0 list-6 0 list-7 0 list-8 0 list-9 0;\">\n<li style=\"margin: 0px; padding: 0px 0px 0px 1.5em; line-height: inherit; list-style-type: none;\">\n<ul style=\"margin-right: 0px; margin-left: 0px; padding: 0px 3rem 0px 1.5rem; line-height: inherit; list-style-position: outside; cursor: text; counter-reset: list-1 0 list-2 0 list-3 0 list-4 0 list-5 0 list-6 0 list-7 0 list-8 0 list-9 0;\">\n<li style=\"margin: 0px; padding: 0px 0px 0px 1.5em; line-height: inherit; list-style-type: none;\"><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>.<\/span><\/li>\n<p><br class=\"Apple-interchange-newline\" style=\"caret-color: rgb(0, 0, 0); color: rgb(0, 0, 0); white-space: normal; -webkit-tap-highlight-color: rgba(26, 26, 26, 0.3); -webkit-text-size-adjust: auto;\"><\/ul>\n<p><\/span><\/li>\n<\/ul>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>ECOCB\/535 Competency 1 Assessment and Rubric Course Title: The Digital Economy Competency Assessment Title: Impact of Economic Events and Economic Concentration Assignment Directions To complete this assessment, you will create a two-part report. In Part 1, you will analyze how two major economic events influenced supply, demand, and economic equilibrium in the U.S. In Part [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[710],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/32595"}],"collection":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/comments?post=32595"}],"version-history":[{"count":0,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/32595\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=32595"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=32595"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=32595"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=32595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}