Eco-561 Market Equilibrating Process Paper

Individual Assignment: Market Equilibrating Process Paper

      Understanding how market equilibrium is maintained is essential for business managers. As a manager, it is important to understand how economic principles, and specifically supply and demand, are a part of your everyday business decisions.

      For this assignment, relate the concepts of the market equilibrating process in the Weeks One and Two readings and learning activities to a prior real-world experience occurring in a free market. The experience does not necessarily have to be work related.

      • Explain the market equilibrating process in relation to your experience. Include academic research to support your ideas.
      • Consider the following components in your explanation:

        Law of demand and the determinants of demand

        Law of supply and the determinants of supply

        Efficient markets theory

        Surplus and shortage

      • Use University of Phoenix Material: Appendix A to create graphs illustrating the equilibrating process in price relation to the shift in supply and demand.
      • Deliver the content as a 350- to 500-word paper, 7- to 10-slide Microsoft® PowerPoint® presentation, 2- to 3-minute video, or 1-page comic strip illustration.
      • Format your citations and references consistent with APA guidelines. Because this assignment is a personal reflection, use first-person pronouns when applicable.

|Content                                 |Points Available|Points Earned|Additional Comments:                                       |
|60 Percent                             |4               |X/4           |                                                           |
|The paper relates the concepts in this |                 |3.7           | Overall good section but need just a little more         |
|week’s readings to a prior real world   |                 |             |explanation of the specific details of the market         |...