ECO2023 UoN Resources Supply and Demand Marginal Benefits & Costs of Fishing Market Paper I have attached the rubric for this assignment please look over t
ECO2023 UoN Resources Supply and Demand Marginal Benefits & Costs of Fishing Market Paper I have attached the rubric for this assignment please look over them
this assignment is worth 20% of my grade please be mindful of the requirements
You must submit a completed paper with title page, introduction, body, conclusion, a graph, and bibliography page. The paper should breakdown the fishing market and problems within it, evaluate the current solution and it’s limitations, and propose an original contribution/potential solution.
Describe the fishing market using what you have learned about scarcity, marginal analysis in decision-making, and markets. You must include a discussion of resources, supply and demand, as well as marginal benefits and marginal costs. Think of this as an explanation of the pros and cons of the market using economic terminology.
Describe the benefits and costs Feel free to use any stats or data that you find through your own research – make sure you use econ terminology.
Discuss why the market failure occurs and include the correct graph.
Consider catch shares and the helpful aspects of this government intervention. Explain the current government intervention and exactly how it corrects the market failure. Include any other beneficial aspects of catch shares that you find through your own research.
Consider catch shares and the negative aspects of this government intervention. In addition to improving your paper based on the feedback you received, add to your previous discussion of catch shares using what you have learned about how monopolists make pricing and output decisions and how and why market power is a problem. Include any other negative aspects of catch shares that you find through your own research.
Now put yourself in the role of a social advocate. Noting the problems you presented above, what solutions do you have to help protect society? Offer an alternative solution that addresses the issues you noted in part I and avoids the problems you noted in the first half of part II. Be creative, you are not limited to possible government interventions but should also consider potential interventions from other groups in society.
Your study must be 6 FULL pages of text (at least 6 no more than 7), double-spaced, 1″ margins, and size 12 Times New Roman FONT. File type must be doc, docx, or pdf. Title/title page is not included in page count. Graphs, tables, figures, images, and references page should be included at the end of the text and are NOT to be included in the page length requirement. ECO2023 #GEA2 Rubric
STUDENT’S
SCORE
Learning
Outcome
Component
4
3
2
1
Terminology relevant
to the assignment is
used appropriately in
the bulk of the
commentary.
Terminology
relevant to the
assignment is used
inappropriately
throughout the
much of
commentary.
Terminology relevant to
the assignment is used
inappropriately
throughout the
commentary.
Economic
Concepts
Appropriate use
of economic
terminology _______pts critical/analytical
thinking ‘like an
economist’.
Theoretical
analysis
Applies a supply
and demand
diagram to the
policy issue
_______pts
Terminology
relevant to the
assignment is used
appropriately
throughout the
commentary.
(2 or fewer
mistakes).
(5 or fewer
mistakes).
(9 or greater).
(8 or fewer
mistakes).
Clearly presents
and fully explains
the impact of the
proposed change
in terms of a
supply and
demand diagram
Presents and
explains the
impact of the
proposed change
in terms of a
supply and
demand diagram,
but explanation is
unclear
Presents and
explains the
impact of the
proposed
change in terms
of a supply and
demand
diagram, but
presentation
contains factual
errors
Does not present the
impact of the
proposed change in
terms of a supply
and demand
diagram or the
presentation
contains serious
factual errors
Correct
explanation of
the existing
policy. The
effects of the
policy are clearly
stated.
Clearly identifies
and summarizes
main problem,
question or issue.
Identifies
secondary or
implicit issues. If
applicable, notes
relationships
between factors
in the situation
and how they
Some effects are
stated but are not
complete or are
partially incorrect.
Summary of issue
is mostly accurate
but some aspects
are incorrect or
confused; nuances
and critical details
are absent or
glossed over.
Some effects
are stated but
are incorrect.
Summary of
issue is partly
accurate and
many aspects
are incorrect or
confused;
nuances and
critical details
are absent or
glossed over.
There is no
explanation and
evaluation of the
policy
Does not attempt to
or fails to identify
and summarize the
problem accurately
Evaluation
Description
And Explanation
of the existing
policy
_______pts
relate to each
other.
Problem Solving
Finds solutions
to difficult or
complex issues.
_______pts
Actively seeks
and suggests
solutions to
problems.
Proposed
solutions is
correctly
outlined
Actively seeks and
suggests solutions
to problems.
Proposed solution
is slightly flawed
(when applying
economic
concepts).
And/or
And/or
Does not offer a
new solution
however,
Improves on
previously
existing solutions
Does not offer
new/improved
solutions, but
provides valid
argument for why
current
regulations are
sufficient
Well organized,
demonstrates
logical sequence
and sentence
structure.
Grammar,
spelling, and
punctuation are
correct (4 or
fewer mistakes).
Well organized but
demonstrates
illogical
sequencing or
sentence
structure. Few
grammar, spelling,
and punctuation
mistakes (8 or
fewer mistakes)
Solution
offered is
extremely
flawed.
Does not try to offer
new solutions or
defend
existing/defense is
entirely flawed.
And/or
Does not offer
new/improved
solutions,
instead argues
current
regulations are
sufficient but
argument is
poor
Writing
_______pts
Well organized,
but
demonstrates
illogical
sequencing and
sentence
structure.
Several
grammar,
spelling, and
punctuation
mistakes (12 or
fewer
mistakes)
____________ Subtotal X 2 (out of 40 points #GEA2)
____________ 1 point penalty for incomplete/incorrect/missing citations and references
Weakly/unorganized
Many grammar,
spelling, and
punctuation
mistakes (13 or
greater)
____________ 2 point penalty for Turnitin similarity score 30% and above
____________ 2 point penalty per incomplete assignment ONLY the writing drafts 1 and 2 (ignore citation assignment)
____________ 2 point penalty if assignment does not meet length and formatting requirements but reasonable (5 point
penalty if unreasonable, 10 point penalty if egregious)
____________ 5 point penalty for late submissions (additional 5 point deduction per 24 hours past due date/time)
____________ + 2 points Extra credit #GEA2 assignment submitted by Nov 3rd
____________ TOTAL out of 40 points #GEA2
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