This simulation checkpoint assignment directly supports your success on the course project. You will play the simulation games, create the image file of your simulation report, and discuss learned concepts and experiences in your submission.
For this assignment, first play the simulation games Externalities Without Policy Interventions and Externalities With Policy Interventions in the MindTap environment. Then you will report your experiences playing those games. Your work in this assignment will directly support your success on the course project.
In your submission, remember to include the images of your simulation reports. See the How to Submit a Simulation Report Image document for more information. Then, reflect on the decisions you made in the simulation and address the following government intervention options in your submission:
- Government Tools: Discuss tools available to the government to correct a market failure. Provide examples from the textbook.
- Supply and Demand Equilibrium: Describe how government intervention affects the supply and demand equilibrium. Refer to the simulation game to explain your responses.
- Consumer or Producer Surplus: Specify which government interventions cause a consumer or producer surplus. Explain how they impact consumer or produce surplus. Provide examples from the textbook.
Guidelines for Submission
Submit your assignment as a Word document. Use Section 2 of the Final Project Template.
Module Four Simulation Checkpoint Assignment Rubric
CriteriaProficient (100%)Needs Improvement (55%)Not Evident (0%)ValueSimulation Image FileThe submission includes images of the simulation reportsThe submission does not include an image of the simulation reportDoes not make a submission20Government ToolsIdentifies tools that are available to the government to correct market failures, using examples from the textbookShows progress toward proficiency, but with errors or omissionsDoes not attempt criterion20Supply and Demand EquilibriumExplains how government intervention affects the supply and demand equilibrium, referring to the simulation game to explain the answersShows progress toward proficiency, but with errors or omissionsDoes not attempt criterion20Consumer or Producer SurplusIdentifies government interventions that cause a consumer or producer surplus, and explains using examples from the textbookShows progress toward proficiency, but with errors or omissionsDoes not attempt criterion20Articulation of ResponseClearly conveys meaning with correct grammar, sentence structure, and spelling, demonstrating an understanding of audience and purposeShows progress toward proficiency, but with errors in grammar, sentence structure, and spelling, negatively impacting readabilitySubmission has critical errors in grammar, sentence structure, and spelling, preventing understanding of ideas10Citations and AttributionsUses citations for ideas requiring attribution, with consistent minor errorsUses citations for ideas requiring attribution, with major errorsDoes not use citations for ideas requiring attribution10Total: 100%