MUST BE
NEW AND ORIGINAL WORK NOT GIVEN TO OTHER STUDENTS.Write
in a clear, concise, and organized manner; demonstrate ethical scholarship in
the accurate representation and attribution of sources; and display accurate
spelling, grammar, and punctuation. Include citations in the text and
references at the end of the document in APA format.PLEASE READ INSTRUCTION
CAREFULLY. IN TEXT CITATION AND MUST CITE ALL REFERENCE IN APA FORMAT

Purpose of Assignment

Week 5 exposes students to
subjects that are intended to whet their appetites for further study in
economics. Students will use the theory of consumer choice and the impact of
the concepts of asymmetric information, political economy, and behavior
economics, to describe how consumers make economic decisions.

Assignment Steps

Scenario: You
have been asked to assist your organization’s marketing department to better
understand how consumers make economic decisions.

Write a
1,050-word analysis including the following:

The impact the theory of consumer
choice has on:

·
The role asymmetric information
has in many economic transactions.

·
Demand curves

·
Higher wages

Higher interest rates

The Condorcet Paradox and Arrow’s
Impossibility Theorem in the political economy.

People are not rational in behavior
economics.

Cite a minimum of three peer-reviewed sources not including your
textbook.

Format your
paper consistent with APA guidelines.

Grading
Guide

Content	Met	Partially Met	Not Met	Comments:
Student’s analysis includes the impact the theory of consumer choice has on: a. Demand curves b. Higher wages c. Higher interest rates
Student’s analysis includes the role asymmetric information has in many economic transactions.
Student’s analysis includes the Condorcet Paradox and Arrow’s Impossibility Theorem in the political economy.
Student includes analysis about people not being rational in behavior economics.
The paper is 1,050 words in length.
		Total Available	Total Earned
		10	#/10

Writing Guidelines	Met	Partially Met	Not Met	Comments:
The paper–including tables and graphs, headings, title page, and reference page–is consistent with APA formatting guidelines and meets course-level requirements.
Intellectual property is recognized with in-text citations and a reference page.
Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper.
Sentences are complete, clear, and concise.
Rules of grammar and usage are followed including spelling and punctuation.
		Total Available	Total Earned
		3	#/3

Assignment Total	#	13	#/13
Additional comments: