Read the statement below and respond to the following questions. The initial post is due on Thursday after the module opens. After posting, read your peers' initial posts and respond to at least two by Sunday. Responses should be thoughtful and authentic; just saying “I agree” doesn't count. Use the rubric to give further clarification on what should be included in your posts and replies to others.
*To see the Discussion Rubric click on the small gear icon on the upper right of this page. It has a drop down menu that should say "Show Rubric".
It is important for consumers to understand economic concepts in order to make educated decisions and understand their roles in the marketplace.
Using your knowledge at this point, explain what this statement means to you.
Explain the concept of marketplace and your current role in the marketplace.
Research supply and demand, describe how supply and demand of products/services affect what you are willing to spend money on?
Based on your decisions to make certain purchases, how does this influence product/services offered and the prices charged by companies?
eLo Tip: The discussion forum is our place for you to interact and share ideas with your classmates. It is similar to the conversations you have in a classroom setting. A discussion forum is a perfect place for you to challenge your classmates, showcase critical and creative thought, and expand your knowledge. Post your responses on-time, come back often to check for replies, and submerge yourself in conversations.
Can't change a rubric once you've started using it.