Q Week 3 Details & Rubric-10 Points Assignment: As we look at production costs this week, think about the cost of inputs needed to run your chosen business. For this pre-assignment, identify resources/inputs that are important to your industry. This should include 1) labor (with any specific skill sets that might be required) and 2) at least one of the following: raw materials, suppliers, business-to-business services, environment conditions. Indicate whether these resources are available in the city or region you have selected. If they are not, where and how would a new business in this city obtain them? A good place to find skills required for labor in different industries is at the Department of Labor’s Occupational Outlook website: https://www.bls.gov/ooh/ Discuss the impact of these resources on production costs. Some questions to consider might be: • Are there transportation costs involved in acquiring resources? • Are any functions typically outsourced? • What type of transaction costs are involved? • Are there external factors that might affect resources needed in production (eg: weather, regulation) CATEGORY Excellent Good Novice Content 4 Points • Both categories are addressed. (Labor and one of the other resource types listed at the beginning of the rubric.) • Information presented is clearly related to economic theories, concepts and main ideas of the course. Writing reflects a sophisticated understanding of these concepts. 3 Points • At least one category is addressed. • Information presented may be related to economic concepts but relationship is not clearly identified and may not be apparent to the reader. Writing reflects a basic understanding of economic concepts. 2 to 0 Points • None of the assigned categories are included. • Information presented is not clearly related to economic theories, concepts, or main ideas of the course. Writing does not reflect an understanding of basic economic concepts. Analysis 4 Points • Information is synthesized and implications for production costs are analyzed. 3 Points • Relevant observations are reported but implications for production costs are not analyzed. 2 to 0 Points • Reported information is not analyzed OR implications for production costs are not presented. Clarity of Writing and Writing Technique 2 Points • Writing demonstrates original or innovative thinking. Writer communicates insight and perceptiveness in making connections. • Discussion begins with strong objective facts and then progresses to interpretation, application, and analysis. 1 Points • Writing demonstrates some original or innovative thinking. Writer communicates some insight and perceptiveness in making connections. • Discussion tends toward reporting without application, interpretation, or analysis. Writing is generally clear with some unnecessary words, run-ons, etc. Writing structure is repetitive or similar to the source without additional interpretation. Few spelling, grammar, punctuation errors. 0 Points • Writing does not demonstrate original or innovative thinking. Writer does not communicate insight and perceptiveness in making connections. • Discussion is almost entirely reporting without any interpretation, application, or analysis.