Discussion: Model of the Market: Supply & Demand--GRADED post by Thurs; 3 Replies to class by Sunday

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Question:

ACTUAL QUESTION FOR THIS WEEK:

Your Discussion Assignment:

In this threaded discussion, yourinitial postin this discussion you should have two paragraphs.

Your first paragraph should...

Identify the thing or concept of the model of the market you have found most difficult to master/understand
Now explain to your classmates why you had difficulty with this concept.
*This DB really isabout Supply and Demand as the "Model of the Market" in the US which tries to use the more Capitalistic/Free Market Model which utilizes Supply & Demand to set (hopefully) Equilibrium prices in order to not have surpluses nor shortages

Your second paragraph should...

Explain what you did to be able to understand/get your head around this concept.

In yourreplies to your classmatesshare how you found a way to understand the concept initially discussed.

This discussion addresses learning objectives, 3.1 and 3.2.

To begin your initial post, click on the reply button below...

Then don't forget that anytime this week before the Sunday night due date, you must reply to a minimum of three classmates' posts. Address the classmate by name and then post a discussion worthy reply. (more detail below).

Performance Expectations for your Discussion Assignments:

Discussion Boards are created with the intent to expand your understanding of specific economic concepts, build online interaction, and foster discussion beyond the weekly readings, course assignments, and videos. During the course there will be 7 graded discussions with each being worth 20 points. Except for your first discussion, assigned readings, video presentations and other course material should be reviewed prior to making your initial post.

The initial post, or initial response (your response to the discussion question) to the discussion board question is due on THURSDAYS and should have aminimum of 100 words (and/or enough content in paragraph format to completely answer the question posed that week). Late initial posts will incura late deduction. (including but not limited to being only allowed to earn half credit by finishing the assignment with replies instead of completing the late DB post itself)

Make three response postings to your classmates bySunday nights. Each response should be aminimum of a full paragraph, and contain the NAME of the person to whom you are replying (e.g. Dear Sam,)

Your response to each classmate must expand upon their initial post in order to constitute exceptional performance. It should not just ratify what has been said. Therefore, it must have material content such that someone reading it can understand and learn from it, without reading the post you are responding to. In other words, make your response meaningful. Saying things like "I agree with you" "You did a good job", "your post helped me understand the concept" etc. will not earn you points. An acceptable response can be a question, a comment on the substance of the classmate's post, adding to what they said, or correcting a point you feel is wrong. If you agree with or like their point, you should specify the point and explain why you agree/like it. For example,you can say"I agree with you that most products obey the law of demand. I have observed that I buy more of a good or service at a lower price than at a higher price. However, I believe that goods like medication for diabetes, or high blood pressure will not obey the law of demand because regardless of the price, people will still buy the quantity they need." Do not say" I like how you explained the concept. I agree with what you said. Some goods are different. I know someone with a similar situation. Some goods do not obey the law of demand. "

Responding to a classmate's response is encouraged provided all other criteria is met, is one possible path to demonstrating superior performance in a discussion. However, once again, the response must be substantive. The mere presence of a post such as this is not by itself, superior work. Do not use the same response for all the replies in a given week. If you do, you will not receive full credit for your reply posts.

Don't worry if no one replies to a post of yours as that will not impact your score. Do try to reply to different people each week if you can, but that is not a requirement. You can do replies earlier than the due date if you wish.

Feel free to contact me through Inbox on Canvas if you have questions. So in a nutshell...