Module 8 Discussion Forum
Forum Instructions
In a post below, respond to the following prompt, which assesses the following outcomes:
- Course SLO 1: Identify the basic economic principles that serve as the foundation of economic analysis
- Course SLO 2: Understand the interaction of supply and demand in determining prices and the role of prices in coordinating economic activity
- Course SLO 4: Explain how externalities affect the efficiency of markets, and what can be done to improve the efficiency of markets in which externalities exist
- Course SLO 7: Analyze the performance of firms under different market structures
- Module SLO: 8.1.1 – Explain the characteristics of a perfectly competitive market
- Module SLO: 8.1.2 – Discuss how perfectly competitive firms react in the short run and long run.
Then, you must respond to 2 of your classmates' posts. After you post a response, you will be able to see other responses. You are not required to post more than required, but feel free to respond to other posts and engage with your classmates.
Your [first] post is due on [day of week] by [time] CST. Your response to another student is due on
[day of week] by [time] CST. [Adjust for number of posts required.]
Your response should be at least [length requirement in words, sentences, or paragraphs] long. This includes responses to other students' posts. [Include previous sentence if necessary.] A simple “I agree” or “Yes” or “LOL” will not count. Please think about the questions and your peers' responses and reply thoughtfully and courteously, according to netiquette rules. Use good English grammar, correct punctuation, and complete sentences. While the posts will mostly be judged by their thoughtfulness and completeness, I reserve the right to take off points for grammatical errors, especially if they interfere with the clarity of the post. [Edit as needed.]
Prompt
Section 1 explains that the perfectly competitive market is “a hypothetical extreme,” yet we still find it useful to study this market. For this discussion, your task is to:
- Identify an industry connected to your career path or interests that may be interested in results from the perfectly competitive market model.
- Explain why this industry may be interested in studying the perfectly competitive market model, or how the results from the perfectly competitive market process may help a firm in this industry.
- Reply to two of your peers’ posts.
Details:
A forum for
discussion promotes peer-to-peer and student-instructor
interaction. Questions should be thought provoking and encourage detailed analysis of module topics. Include a rubric.
If
you do not want students to see other responses before they post, set
type to "Q and A forum." For this type, you must create a post first for students to
respond.
Subscription: Set to Auto.
Due dates: You cannot set due dates for forums, so be sure
to tell students when to post above. These dates will not appear on the Moodle calendar.
Ratings: will place the forum in the gradebook. You can set a maximum grade. Restricting ratings to a date range only affects when you can grade, and not when the activity is available to students.
Activity completion: You can select completion criteria and an expected completed date.