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International Economics

Assignment 1: International Economics, Part 1

Due Week 4 and worth 240 points

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Write a 4-6 page paper in which you:

  1. Explain the concept of comparative advantage and the principle theories of why trade occurs.
  2. Analyze and discuss the sources of comparative advantage in national economies.
  3. Analyze the international movement of productive factors in order to identify business opportunities and/or threats.
  4. Explain the economic effect of tariffs, nontariff barriers, and various forms of trade policies adopted by national governments.

Your assignment must:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the tile of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

  • Explain the concept of comparative advantage and the principle theories of why trade occurs.
  • Analyze the sources of comparative advantage in national economies and the international movement of productive factors to identify business opportunities/threats.
  • Explain the economic effect of tariffs, nontariff barriers, and various forms of trade policies adopted by national governments.
  • Use technology and information resources to research issues in international economics.
  • Write clearly and concisely about international economics using proper writing mechanics.

Grading for this assignment will be based on answer quality, logic/organization of the paper, and language and writing skills, using the following rubric.

 

Assignment 1: International Economics, Part 1
Criteria 0
Unacceptable		 20
Developing		 30
Competent		 40
Exemplary
1. Explain the concept of comparative advantage and the principle theories of why trade occurs. Did not complete the assignment or did not explain the concept of comparative advantage and the principle theories of why trade occurs; omitted information and/or included irrelevant information. Completed with less than 60% accuracy, thoroughness, and logic. Partially explained the concept of comparative advantage and the principle theories of why trade occurs; omitted some key information. Completed with 60-79% accuracy, thoroughness, and logic. Sufficiently explained the concept of comparative advantage and the principle theories of why trade occurs. Completed with 80-89% accuracy, thoroughness, and logic. Fully explained the concept of comparative advantage and the principle theories of why trade occurs. Completed with 90-100% accuracy, thoroughness, and logic.
2. Analyze and discuss the sources of comparative advantage in national economies. Did not complete the assignment or did not analyze and discuss the sources of comparative advantage in national economies; omitted information and/or included irrelevant information. Completed with less than 60% accuracy, thoroughness, and logic. Partially analyzed and discussed the sources of comparative advantage in national economies; omitted some key information. Completed with 60-79% accuracy, thoroughness, and logic. Sufficiently analyzed and discussed the sources of comparative advantage in national economies. Completed with 80-89% accuracy, thoroughness, and logic. Fully analyzed and discussed the sources of comparative advantage in national economies. Completed with 90-100% accuracy, thoroughness, and logic.
3. Analyze the international movement of productive factors in order to identify business opportunities and/or threats. Did not complete the assignment or did not analyze the international movement of productive factors in order to identify business opportunities and/or threats; omitted information and/or included irrelevant information. Completed with less than 60% accuracy, thoroughness, and logic. Partially analyzed the international movement of productive factors in order to identify business opportunities and/or threats; omitted some key information. Completed with 60-79% accuracy, thoroughness, and logic. Sufficiently analyzed the international movement of productive factors in order to identify business opportunities and/or threats. Completed with 80-89% accuracy, thoroughness, and logic. Fully analyzed the international movement of productive factors in order to identify business opportunities and/or threats. Completed with 90-100% accuracy, thoroughness, and logic.
4. Explain the economic effect of tariffs, nontariff barriers, and various forms of trade policies adopted by national governments. Did not complete the assignment or did not explain the economic effect of tariffs, nontariff barriers, and various forms of trade policies adopted by national governments; omitted information and/or included irrelevant information. Completed with less than 60% accuracy, thoroughness, and logic. Partially explained the economic effect of tariffs, nontariff barriers, and various forms of trade policies adopted by national governments; omitted some key information. Completed with 60-79% accuracy, thoroughness, and logic. Sufficiently explained the economic effect of tariffs, nontariff barriers, and various forms of trade policies adopted by national governments. Completed with 80-89% accuracy, thoroughness, and logic. Fully explained the economic effect of tariffs, nontariff barriers, and various forms of trade policies adopted by national governments. Completed with 90-100% accuracy, thoroughness, and logic.
5. Clarity Did not complete the assignment or explanations are unclear and not organized. (Major issues) Explanations generally unclear and not well organized. (Many issues) Explanations generally clear and /or organized. (Minor issues) Explanations very clear and well organized. (Added helpful details)
6. Writing – Grammar, sentence structure, paragraph structure, spelling, punctuation, and APA usage, if required.

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