ECO 201 4-2 Simulation Checkpoint Assignment Submit your assignment here

Economics Apr 18, 2022

ECO 201 4-2 Simulation Checkpoint Assignment

Submit your assignment here. Make sure you’ve included all the required elements by reviewing the requirements and rubric.

Module Four Simulation Checkpoint Assignment Guidelines and Rubric

Overview

This simulation checkpoint assignment directly supports your success on the course project. You will play the simulation games, create the image file of your simulation report, and discuss learned concepts and experiences in your submission.

Directions

For this assignment, first play the simulation games Externalities Without Policy Interventions and Externalities With Policy Interventions in the MindTap environment. Then you will report your experiences playing those games. Your work in this assignment will directly support your success on the course project.

In your submission, remember to include the images of your simulation reports. See the How to Submit a Simulation Report Image document for more information. Then, reflect on the decisions you made in the simulation and address the following government intervention options in your submission:

Government Tools: Discuss tools available to the government to correct a market failure. Provide examples from the textbook.
Supply and Demand Equilibrium: Describe how government intervention affects the supply and demand equilibrium. Refer to the simulation game to explain your responses.
Consumer or Producer Surplus: Specify which government interventions cause a consumer or producer surplus. Explain how they impact consumer or produce surplus. Provide examples from the textbook.

Guidelines for Submission

Submit your assignment as a Word document. Use Section 2 of the Final Project Template.

Module Four Simulation Checkpoint Assignment Rubric
Criteria	Proficient (100%)	Needs Improvement (55%)	Not Evident (0%)	Value
Simulation Image File	The submission includes images of the simulation reports	The submission does not include an image of the simulation report	Does not make a submission	20
Government Tools	Identifies tools that are available to the government to correct market failures, using examples from the textbook	Shows progress toward proficiency, but with errors or omissions	Does not attempt criterion	20
Supply and Demand Equilibrium	Explains how government intervention affects the supply and demand equilibrium, referring to the simulation game to explain the answers	Shows progress toward proficiency, but with errors or omissions	Does not attempt criterion	20
Consumer or Producer Surplus	Identifies government interventions that cause a consumer or producer surplus, and explains using examples from the textbook	Shows progress toward proficiency, but with errors or omissions	Does not attempt criterion	20
Articulation of Response	Clearly conveys meaning with correct grammar, sentence structure, and spelling, demonstrating an understanding of audience and purpose	Shows progress toward proficiency, but with errors in grammar, sentence structure, and spelling, negatively impacting readability	Submission has critical errors in grammar, sentence structure, and spelling, preventing understanding of ideas	10
Citations and Attributions	Uses citations for ideas requiring attribution, with consistent minor errors	Uses citations for ideas requiring attribution, with major errors	Does not use citations for ideas requiring attribution	10
Total:				100%