economic
Each chapter in the textbook is organized into chapter sections. And each chapter section has at least one or more learning outcome.
Learning outcomes are what you should be able to do after reading a chapter, engaging with the lecture, reviewing the chapter lecture slides, completing the chapter formative quiz, engaging in independent study, discussing the chapter with peers and the professor, and thinking about the chapter.
Estimated Time
An estimated 2 hours is needed to complete this activity.
Prompt
Recall that Chapter #03, Demand and Supply, consists of 5 sections and 17 learning outcomes. Below are the sections and their associated learning outcomes.
Demand, Supply, and Equilibrium in Markets for Goods and Services
Explain demand, quantity demanded, and the law of demand
Identify a demand curve and a supply curve
Explain supply, quantity supplied, and the law of supply
Explain equilibrium, equilibrium price, and equilibrium quantity
Shifts in Demand and Supply for Goods and Services
Identify factors that affect demand
- Graph demand curves and demand shifts
Identify factors that affect supply
Graph supply curves and supply shifts
- Changes in Equilibrium Price and Quantity: The Four-Step Process
- Identify equilibrium price and quantity through the four-step process
- Graph equilibrium price and quantity
- Contrast shifts of demand or supply and movements along a demand or supply curve
Graph demand and supply curves, including equilibrium price and quantity, based on real-world examples
- Price Ceilings and Price Floors
Explain price controls, price ceilings, and price floors
Analyze demand and supply as a social adjustment mechanism
- Demand, Supply, and Efficiency
- Contrast consumer surplus, producer surplus, and social surplus
- Explain why price floors and price ceilings can be inefficient
- Analyze demand and supply as a social adjustment mechanism
Instructions
- Step 1: Identify the Number of Chapter Sections.
Chapter 3 contains 5 sections, which are listed below:
Demand, Supply, and Equilibrium in Markets for Goods and Services
- Shifts in Demand and Supply for Goods and Services
- Changes in Equilibrium Price and Quantity: The Four-Step Process
- Price Ceilings and Price Floors
- Demand, Supply, and Efficiency
Step 2: Identify a Learning Outcome for each Chapter Section.
- For each chapter section, please choose 1 learning outcome.
You should select a total of 5 learning outcomes.
Step 3: Write 3 or more Sentences for each Learning Outcome.
- For each learning outcome you selected, in your own words, please write 3 or more sentences that demonstrate your achievement of the learning outcome.
- You should write at least 3 sentences for each learning outcome.
- Step 4: Proof-read for Spelling and Grammar
Please proof-read your work before submitting.
I do not grade on spelling and grammar. However, I will note whether your spelling and grammar is good or needs improvement.
- If you see a needs improvement mark, please schedule an appointment with the Tutoring Center (cuyamaca.edu)Links to an external site..
- Submission Template
- To help you get started, below is the text outline of the chapter sections and their learning outcomes. You can copy and paste this text to help organize your assessment submission.
I placed “3 sentences:” text bullet points under the first learning outcome for each section, but you are welcome to choose the learning outcome that you want to write about.
### Start Copy and Paste ###
Demand, Supply, and Equilibrium in Markets for Goods and Services
Explain demand, quantity demanded, and the law of demand
3 sentences:
- Identify a demand curve and a supply curve
Explain supply, quantity supplied, and the law of supply
- Explain equilibrium, equilibrium price, and equilibrium quantity
Shifts in Demand and Supply for Goods and Services
- Identify factors that affect demand
3 sentences:
- Graph demand curves and demand shifts
Identify factors that affect supply
- Graph supply curves and supply shifts
Changes in Equilibrium Price and Quantity: The Four-Step Process
Identify equilibrium price and quantity through the four-step process
- 3 sentences:
Graph equilibrium price and quantity
Contrast shifts of demand or supply and movements along a demand or supply curve
Graph demand and supply curves, including equilibrium price and quantity, based on real-world examples
- Price Ceilings and Price Floors
- Explain price controls, price ceilings, and price floors
3 sentences:
Analyze demand and supply as a social adjustment mechanism
- Demand, Supply, and Efficiency
- Contrast consumer surplus, producer surplus, and social surplus
3 sentences:
Explain why price floors and price ceilings can be inefficient
- Analyze demand and supply as a social adjustment mechanism
- Frequently Asked Questions
Do I need to write three sentences for each of the learning outcomes I selected?
Yes, in your own words, you need to write three sentences for each learning outcome you selected.
Can I write more than three sentences for a given learning outcome?
Yes, you can write more than three sentences for a given learning outcome. For example, learning outcomes that start with the term “Discuss” or “Explain” may need more than 3 sentences.
Will I lose points if I only write 3 sentences for a learning outcome?
No, if you write at least 3 sentences for each learning outcome you selected, you will earn complete credit.
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.
