ECOCB/535 Competency 3 - Assessment and Rubric

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Course Title: The Digital Economy
Competency Assessment Title: International Trade Evaluations and World Economies Comparison Presentation
Total Number of Points: 100

Assignment Directions:
Congratulations, your consulting business continues to thrive. You have been tasked with developing a two-part presentation to generate important
discussion around international trade and world economies to help interns apply their understanding.
Create a presentation incorporating the following:
Part 1: International Trade
Review the Competency 3 Resources: Exchange Across International Borders.
Prepare a 12- to 16-slide (of the two-part presentation) with detailed speaker’s notes and visual elements, including graphs and tables.
Complete the following in your presentation:
Choose a pair of economies from the bulleted list below, (each pair has 1 highly successful country and 1 less successful country, except for NAFTA /EU):

• NAFTA vs. European Union (world’s two largest economic entities)

• China vs. India (world’s two most populous countries)
• South Korea vs. North Korea (two polar economic opposites, one people)
• Venezuela vs. Saudi Arabia (world’s two largest sources of oil reserves)
• Nigeria vs. Democratic Republic of the Congo (functioning government and civil order vs. struggling government and violent clashes among factions; note:
the Republic of the Congo is not the same country as the Democratic Republic of the Congo)

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Research the economies for your chosen pair of countries. Compare similarities and differences between your chosen countries/economies and explain how
their economic, political, and cultural development since 1992 has influenced their economic growth and trade competitiveness.
Use tables or graphs to support your analysis of the following economic statistics/indicators of your 2 chosen economies through the most recent year
available since 2009 (the trough of the last economic cycle):
• GDP per capita growth over time
• Inflation rate over time
• Unemployment rate over time
• Exports as a percentage of GDP over time
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 • National government debt as a percentage of GDP

Whenever possible, plot the metric for both economies on the same chart.
Evaluate the reasons why the economic growth of the 2 economies/countries varied. Discuss how international trade influenced the strength of each economy.
Discuss the role of value chains and value-added production.
Analyze how the failure to use value-added trade measures distorts trade statistics.
Examine at least 2 industries that have provided each economy a comparative advantage in world trade.
Cite at least 2 academically credible sources.

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Part 2: World Economies
Promoting international trade is not a zero-sum game. It is a win-win proposition; both parties gain from trade.
Consider the following.
• Tariffs are paid by the citizens of the country imposing tariffs, not by the citizens of the country producing the products upon which the tariffs are levied.
• The term “trade deficits” is a misnomer. Every country’s trade is always in balance.
• Trade deficits do not mean the United States no longer produces anything to export. The United States is the world’s second largest manufacturer and
the world’s second largest exporter of manufactured goods.
• Trade deficits reflect a strong economy. Trade deficits rise during economic expansions and fall during economic contractions. Unemployment falls
as trade deficits rise and rises as trade deficits fall.
• Imports and exports are complements, not competitors. Both are necessary and both contribute to economic growth.
• There is a strong correlation between the rise in world trade and:
o The rise in world GDP
o The dramatic fall in the world’s extreme poverty rate
o The rise in world life expectancy
• Those 7 jobs cannot be brought back from overseas because they never left the United States.
Prepare a 6- to 8-slides to evaluate credible economists' unbiased opinions on the benefits, costs, and results of current U.S. trade and tariff policies.
Include detailed speaker notes and visual elements, including graphs and tables.
Complete the following in your presentation.
• Evaluate how U.S. trade policy changes in the last 2 years affect global trade activities by multinational corporations.
• Discuss credible economists’ opinions on the long-term effects of trade and tariff policies changes in the last 2 years.
• Explain the effect of recent changes to trade and tariff policies have had on your employer, you, or someone you know.
Cite at least 2 academically credible sources.
Compile the slides from Parts 1 and 2 into one presentation.
Submit your presentation.

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ECOCB/535 Competency 3 Rubric
Competency Assessment Rubric
Assignment/ Performance Criteria
1. Pt. 1 – Country Comparison
(weight 12%)
2. Pt 1– Analysis
(weight 12%)
3. Pt. 1 – Economic Growth
(weight 12%)
Mastery
100%
Thoroughly compares similarities and
differences between chosen
countries / economies and
successfully explains how their
economic, political, and cultural
development since 1992 has
influenced their economic growth and
trade competitiveness.
Thoroughly analyzed economic
statistic/indicators of two chosen
economies including the use of tables
and/or graphs that clearly depict GDP
per capita growth, inflation rate,
unemployment rate, exports, and
national government debt as a % of
GDP over time since 2009 for each
chosen economy.
Thoroughly evaluated the reasons
why the economic growth of the two
chosen economies / countries varied
from a creative and innovative
perspective. Clearly discusses how
international trade influenced the
strength of each economy, as well as
the role of value chains and value-
added production.
Copyright© 2021 by University of Phoenix. All rights reserved.
Meets Expectations
85%
Partially compares similarities and
differences between chosen
countries / economies and
successfully explains how their
economic, political, and cultural
development since 1992 has
influenced their economic growth
and trade competitiveness.
Partially analyzed economic
statistic/indicators of two chosen
economies including the use of
tables and/or graphs that clearly
depict GDP per capita growth,
inflation rate, unemployment rate,
exports, and national government
debt as a % of GDP over time since
2009 for each chosen economy.
Partially evaluated the reasons why
the economic growth of the two
chosen economies / countries
varied from a creative and
innovative perspective. Clearly
discusses how international trade
influenced the strength of each
economy, as well as the role of
value chains and value-added
production.
Page 3 of 5
Not Met
0%
Narrowly compares similarities and
differences between chosen countries
/ economies and basically explains
how their economic, political, and
cultural development since 1992 has
influenced their economic growth and
trade competitiveness or no attempt
was made to compare similarities and
differences between chosen countries
/ economies nor to explain how their
economic, political, and cultural
development since 1992 has
influenced their economic growth and
trade competitiveness.
Narrowly analyzed economic
statistic/indicators of two chosen
economies including the use of tables
and/or graphs that clearly depict GDP
per capita growth, inflation rate,
unemployment rate, exports, and
national government debt as a % of
GDP over time since 2009 for each
chosen economy or no attempt is
made to include tables and/or graphs.
Narrowly evaluated the reasons why
the economic growth of the two
chosen economies / countries varied;
basically discussed how international
trade influenced the strength of each
economy, as well as the role of value
chains and value-added production or
no attempt was made to evaluates the
reasons why the economic growth of
the two chosen economies / countries
varied. Does not discuss how
international trade influenced the
strength of each economy, nor the role
of value chains and value-added
production.
4. Pt 1 – Value-Added Trade Measures Thoroughly analyzed how the failure Thoroughly analyzed how the failure
(weight 12%) to use value-added trade measures to use value-added trade measures
distorts trade statistics from a creative distorts trade statistics.
and innovative perspective.
5. Pt 1 – Comparative Advantage in Thoroughly examined more than 2
World Trade industries that have provided each
economy a comparative advantage in
(weight 12%) world trade.
6. Pt 2 – US Trade Policy Changes Thoroughly evaluated how US trade
(weight 12%) policy changes in the last 2 years
affect global trade activities by
multinational corporations.
7. Pt 2 – Economists’ Opinions Thoroughly discussed long-term
(weight 12%) effects of trade and tariff policy
changes over the last 2 years.
8. Pt 2 – Recent Changes to Trade and Thoroughly explained the effect of
Tariff Policies recent changes to trade and tariff
(weight 12%) policies have had on your employer,
you, or someone you know.
Thoroughly examined 2 industries
that have provided each economy a
comparative advantage in world
trade.
Partially evaluated how US trade
policy changes in the last 2 years
affect global trade activities by
multinational corporations.
Partially discussed long-term effects
of trade and tariff policy changes
over the last 2 years.
Partially explained the effect of
recent changes to trade and tariff
policies have had on your employer,
you, or someone you know.
Narrowly analyzed how the failure to
use value-added trade measures
distorts trade statistics or no attempt is
made to analyze how the failure to use
value-added trade measures distorts
trade statistics.
Narrowly examined 1 or 2 industries
that have provided each economy a
comparative advantage in world trade
or no attempt is made to examine
industries that have provided each
economy a comparative advantage in
world trade.
Narrowly evaluated how US trade
policy changes in the last 2 years
affect global trade activities by
multinational corporations or no
attempt to evaluate how US trade
policy changes in the last 2 years has
affected global trade activities by
multinational corporations was made.
Narrowly discussed long-term effects
of trade and tariff policy changes over
the last 2 years or no attempt to
discuss long-term effects of trade and
tariff policy changes over the last 2
years was made.
Narrowly explained the effect of recent
changes to trade and tariff policies
have had on your employer, you, or
someone you know or no attempt to
explain the effect of recent changes to
trade and tariff policies have had on
your employer, you, or someone you
know was made.

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9. Communication Accurate application of mechanical
(weight 2%) conventions enhanced the content;
included accurate grammar and
sentence structure. PowerPoint
presentation includes 18-22 slides
with clearly detailed speaker’s notes
and graphically pleasing visual
elements including graphs and
tables. Speaker notes clearly convey
the details you would give if you were
presenting.
10. Information Literacy Fully integrated relevant supporting
evidence from quality sources.
(weight 2%)
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Rare occurrences of mechanical,
grammar or sentence structure
errors did not detract from the
content. PowerPoint presentation
includes 14-16 slides with clearly
detailed speaker’s notes and
graphically pleasing visual elements
including graphs and tables.
Speaker notes clearly convey the
details you would give if you were
presenting.
Mostly integrated relevant
supporting evidence from quality
sources.
Occasional or frequent occurrences of
mechanical, grammar, or sentence
structure errors detracted some from
the content. PowerPoint presentation
includes 11-13 slides with clearly
detailed speaker’s notes and
graphically pleasing visual elements
including graphs and tables. Speaker
notes clearly convey the details you
would give if you were presenting.
Minimally integrated relevant
supporting evidence from quality
sources or did not integrate relevant
supporting evidence from quality
sources.