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Why Are Some Occupations Paid More Than Others? Grading Guide

ECO/365 Version 10

Principles of Microeconomics

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Learning Team Assignment: Why Are Some Occupations Paid More than Others

Purpose of Assignment

The purpose of this assignment is so students may look at the microeconomic data and other sources for better understanding of trends and determinants of the labor market.

Grading Guide

|Content |Met |Partially Met |Not Met |Comments: |

|The students retrieved and save the Microsoft® Excel® file and | | | | |

|the graphs to their desktop for analysis. The student checked | | | | |

|the “include graph” box to see the graph. | | | | |

|The students copied and pasted the graph separately into their | | | | |

|Microsoft® Excel® document. | | | | |

|The students understood that Tutorial help on Excel® and | | | | |

|PowerPoint® functions could be found on the Microsoft® Office | | | | |

|website. There are also additional tutorials via the web that | | | | |

|offer support for office products. | | | | |

|The students read the following two articles, located in the | | | | |

|Week 4 Electronic Reserve Readings, discussing actor salaries | | | | |

|and hedge fund executives’ average salaries: | | | | |

|“Robert Downey Junior is Hollywood’s Highest-Paid Actor” | | | | |

|“In Tough Year, Hedge Fund Leaders Still Paid Well: Average | | | | |

|Salary of $467M Was Half 2013, Report Says” | | | | |

|Students prepared and presented a 5- to 8-Microsoft® | | | | |

|PowerPoint® slides presentation-analysis including the | | | | |

|following content: | | | | |

| | | | | |

|What are trends in the labor market for the chosen labor group | | | | |

|that you can identify for the last 10 years? Please provide | | | | |

|the retrieved statistics. | | | | |

|What factors affected the demand and supply for this labor | | | | |

|group during the last 10 years? Research and report data | | | | |

|available from Bureau of Labor Statistics (BLS) and other peer | | | | |

|reviewed sources. | | | | |

|Why do actors and actresses earn so much compared to the chosen| | | | |

|labor group? | | | | |

|Why do hedge fund executives earn so much compared to the | | | | |

|chosen labor group? | | | | |

|In addition to wages, what other factors influence an | | | | |

|individual to choose one job over another? | | | | |

|What jobs do you think have the best mix of salary and other | | | | |

|characteristics that individuals care about? | | | | |

|The students cited a minimum of three peer-reviewed sources not| | | | |

|including the textbook or the required economic data. | | | | |

|The presentation was 5 to 8 slides in length. | | | | |

| | |Total Available |Total Earned | |

| | | | | |

| | |7 |#/7 | |

|Writing Guidelines |Met |Partially Met |Not Met |Comments: |

|Intellectual property is recognized with in-text citations and | | | | |

|a reference page. | | | | |

|Paragraph and sentence transitions are present, logical, and | | | | |

|maintain the flow throughout the paper. | | | | |

|Sentences are complete, clear, and concise. | | | | |

|Rules of grammar and usage are followed including spelling and | | | | |

|punctuation. | | | | |

| | |Total Available |Total Earned | |

|  | |3 |#/3 | |

|Assignment Total |

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