iRubric: Supply and Demand Project rubric

(draft) edit print share Copy to my rubrics Bookmark test run assess... delete Do more...

Supply and Demand Project

Summary of Activity: You are a producer who can produce any product that you would like. This week the product we used in our examples was tacos. You can produce anything, within reason, that you would like. Create a price plan for your product. (See tacos example for explanation). Survey the class to determine individual and market demand for your product. Then, create a production plan and individual supply schedule. Graph all findings. Label the equilibrium in market supply and demand (where the supply and demand curves intersect). Identify the price you will charge and the amount you will produce.

Rubric Code: Z72WCC

By jgd733

Draft

Public Rubric

Subject: Social Sciences

Type: Assessment

Grade Levels: 9-12

Enter rubric title Enter rubric description
	High Performing 4 pts	Proficient 3.5 pts	Basic Proficient 3 pts	Not Yet Proficient 1 pts
Product Enter description	High Performing Product is able to be produced and creative.	Proficient Product is able to be produced.	Basic Proficient Product is confusing.	Not Yet Proficient No product is mentioned.
Individual Demand Schedule Enter description	High Performing Individual Demand Schedule is clear with an inverse relationship between price and quantity demanded.	Proficient Individual Demand Schedule is messy with an inverse relationship between price and quantity demanded.	Basic Proficient Individual Demand Schedule is confusing but shows an inverse relationship between price and quantity demanded.	Not Yet Proficient Individual Demand Schedule does not show an inverse relationship between price and quantity demanded.
Market Demand Schedule Enter description	High Performing Market Demand Schedule is complete with the demands from four students demonstrated. An inverse relationship between price and quantity demanded is shown.	Proficient Market Demand Schedule is complete with the demands from three students demonstrated. An inverse relationship between price and quantity demanded is shown.	Basic Proficient Market Demand Schedule is complete with the demands from two students demonstrated. An inverse relationship between price and quantity demanded is shown.	Not Yet Proficient Market Demand Schedule is missing key components.
Production Plan	High Performing Detailed production plan and supply schedule is included.	Proficient Semi-detailed production plan is included.	Basic Proficient Confusing production plan is included.	Not Yet Proficient No production plan is included.
Scenario 1- A create a scenario in which the quantity demand for your product decreases	High Performing A scenario in which the quantity demand for your product decreases is included and correct.	Proficient A scenario in which the quantity demand for your product decreases is included and semi-correct.	Basic Proficient A scenario in which the quantity demand for your product decreases is included but is missing key elements.	Not Yet Proficient A scenario in which the quantity demand for your product decreases is not included.
Scenario 1-B create a scenario in which the quantity demand for your product increases	High Performing A scenario in which the quantity demand for your product increases is included and correct.	Proficient A scenario in which the quantity demand for your product increases is included and semi-correct.	Basic Proficient A scenario in which the quantity demand for your product increases is included but is missing key elements.	Not Yet Proficient A scenario in which the quantity demand for your product increases is not included.
Scenario 2- A create a scenario in which the quantity supplied for your product decreases	High Performing A scenario in which the quantity supplied for your product decreases is included and correct.	Proficient A scenario in which the quantity supplied for your product decreases is included and semi-correct.	Basic Proficient A scenario in which the quantity supplied for your product decreases is included but is missing key elements.	Not Yet Proficient A scenario in which the quantity supplied for your product decreases is not included.
Scenario 2- B create a scenario in which the quantity supplied for your product increases	High Performing A scenario in which the quantity supplied for your product increases is included and correct.	Proficient A scenario in which the quantity supplied for your product increases is included and semi-correct.	Basic Proficient A scenario in which the quantity supplied for your product increases is included but is missing key elements.	Not Yet Proficient A scenario in which the quantity supplied for your product increases is not included.

Subjects:

Social Sciences

Types:

Assessment

Discuss this rubric