Activity 2.1
Why do we study economics?

Is it because "money makes the world go 'round", or is it really to find out if "money can't buy you love and happiness?"

In this activity, you will identify and discuss some reasons as to why studying economics is important and how the study of economics can be applied to your everyday life.

Prior to beginning this activity, it is important that you understand the definition(s) of Economics. To review the definition of economics and some basic economic terms, use the link below.

Economics definition and terms

ASSIGNMENT REQUIREMENTS:

1. Write a short essay (4-8 paragraphs) that answers the question, "Why do we study economics?"
You should not only provide your personal thoughts to this question, but include the opinions of others. Interview your friends, family members, teachers, etc. and ask them this question. Ask them if they think studying economics is important and why or why not. How can understanding economics benefit you as you prepare for life? Do you think understanding the economy is more important now than it was 20, 30, 50 years ago? Ask yourself and others these questions and include the answers in your short essay.

2. One of the paragraphs that you are to include in your short essay should include some of the reasons that can be found on the Internet as to why studying economics is important. A good place to start would be to review this website:

Econ Ed Link icon

The grading rubric of how this activity will be evaluated is below.


Grade
Score
Description
A
6
A submission scored 6 tightly focuses on the topic; has a well-planned organizational pattern; has substantial development of supporting ideas; and has few if any conventional errors in sentence structure, mechanics, usage, punctuation, and spelling.
B+, A-
5
A submission scored 5 tightly focuses on the topic; has a well-planned organization pattern; has ample development of supporting ideas; and generally follows the conventions of sentence structure, mechanics, usage, punctuation, and spelling.
B
4
A submission scored 4 focuses on the topic but may contain extraneous or loosely related information; has an organizational pattern; has consistent but sometimes nonspecific development of supporting ideas; and generally follows the conventions of sentence structure, mechanics, usage, punctuation, and spelling.
C
3
A submission scored 3 focuses on the topic but may contain extraneous or loosely related information; exhibits evidence of an organizational pattern; has uneven and nonspecific development of supporting ideas; and generally follows the conventions of sentence structure, mechanics, usage, punctuation, and spelling.
Unacceptable
Revision Required
2
A submission scored 2 addresses the topic but may contain extraneous or loosely related information; exhibits some evidence of an organizational pattern; has erratic and nonspecific development of supporting ideas; and may contain errors in the conventions of sentence structure, mechanics, usage, punctuation, but commonly used words are usually spelled correctly.
Unacceptable
Revision Required
1
A submission scored 1 addresses the topic but may lose focus by including extraneous or loosely related information; exhibits little evidence of an organizational pattern; has little if any development of supporting ideas; and may contain many errors in the basic conventions of sentence structure, mechanics, usage, punctuation, and spelling.
 

Note:  Before you start this assignment make sure you have gone here and read the information!

keyboard

Activity 2.1 Why Do We Study Economics?
100 Points

Go to the Assignment Area to submit this assignment.

1. Read the above Requirements

2. Review the above Grading Rubric.

3. Submit this activity . You may type your text directly into the assignment or create your essay in a separate program such as Microsoft Word and then attach it.


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