Market Structures - Perfect Competition Honors Project Overview - This project is designed to have students learn about a specific

market type and demonstrate their learning to their classmates. Students will also practice computer skills, script writing, communication skills and time management skills. The Project - Students will be divided into small groups and assigned 1 of4 market types to research. To share their findings with the rest of the class, each group will create a presentation that is between 3 to 6 minutes in length.

Information to include in the presentation 1. What is perfect competition (conditions necessary for it) - ? 2. How much influence do individual firms have on the market price? EXPLAIN WHY OR WHY NOT - Economies of scale 3. How does product differentiation impact perfect competition? Is advertising used by this type - EXPLAIN 4. Is it easy to enter this market type? - EXPLAIN 5. How does market price impact perfect competition?

Grading The assignment is worth 50 points See the other side of the paper for the rubric

10 8 points

75 points

Quality and Thoroughness of Information (x 2) for points All information is accurate. Many helpful details and examples are provided. Information beyond what is in the textbook is provided. About 75% of the information is accurate. Many helpful details and examples are provided. Information is from the textbook.

Completion of the questions

Aesthetics of the Presentation

Group Effort

All 6 questions are fully answered. Answers to all questions can easily be located. 4 or 5 questions are fully answered. Answers to all questions can easily be located.

The project is neat. The project is easy to read. The visuals add to the overall understanding of the material and are clear and easy to see. The project is mostly neat. The project is mostly easy to read. The visuals add to the overall understanding of the material and are clear and easy to see. The project is messy or is difficult to read. Not all of the visuals add to the overall understanding of the material and are clear and easy to see. The project is messy and is difficult to read. Not all of the visuals add to the overall understanding of the material and are not clear and easy to see.

All group members contribute to the creation of the final project and class time is not wasted.

The majority of the group members contribute to the creation of the final project and very little class time is wasted. Only of the group members contribute to the creation of the final project and class time is wasted.

42 points

About 50% of the information is accurate. Some helpful details and examples are provided. Information is from the textbook. Less than 50% of the information is accurate. Few helpful details and examples are provided. Information is from the textbook.

2 or 3 questions are fully answered. Answers to all questions can easily be located. Questions are not fully answered and material is difficult to locate.

1-0 points

The group is dysfunctional or wastes time on noneconomic sites.