Impact of minimum wage on market (must include supply and demand graph)

READ ME: Must have minimum of 3 pages with at least 3 scholarly references that can be verified (APA 6th edition). Book being used is: Mankiw, N. G. (2015). Principles of macroeconomics (7th ed.). Stamford, CT, USA: Cengage Learning (only mentioned for reference).From an economic standpoint, evaluate the effect of a minimum wage on the market for low-wage labor. Include the following:Discuss what economic theory predicts will happen
Draw a supply and demand graph illustrating the effect of a minimum wage
Discuss what elasticity conditions would economic theory prove to be true or false.
Adhere to the following standards:Your paper should be three to five pages in length, not including the title or references pages.
Review the grading rubric, which is be found in the Week 3 folder.
Incorporate at least three scholarly references that are not required readings for this module. The CSU-Global Library is a good place to find these references.
Be sure to follow the CSU-Global Guide to Writing and APA Requirements.
Your paper should include an introduction, a body with at least two fully developed paragraphs, and a conclusion.
ecn315_ctrubric_mod03.pdf

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ECN 315 – Module 3 Rubric
Meets Expectation
Content, Research, and Analysis
13-15 Points
Includes all of the
Requirements
required
components, as
specified in the
assignment.
Demonstrates
Content
strong or adequate
knowledge of
macroeconomics
principles; correctly
represents
knowledge from the
readings and
sources.
Provides a strong
Critical Analysis
critical analysis and
interpretation of the
economic policies
with strong
decision analysis
about the economy.
Mechanics and Writing
Project is clearly
Demonstrates
organized, well
college-level
written, and in
proficiency in
proper format, as
organization,
outlined in the
grammar, and
assignment. Strong
style
sentence and
paragraph structure;
few errors in
grammar and
spelling.
Demonstrates
proper use of APA
style
Project contains
proper APA
formatting,
according to the
CSU-Global Guide
Approaches
Expectation
Below Expectation
Limited Evidence
10-12 Points
Includes most of
the required
components, as
specified in the
assignment.
Some significant,
but not major,
errors or omissions
in demonstration of
knowledge.
7-9 Points
Includes some of
the required
components, as
specified in the
assignment.
Major errors or
omissions in
demonstration of
knowledge.
4-6 Points
Includes few of the
required
components, as
specified in the
assignment.
Fails to
demonstrate
knowledge of the
materials.
Provides some
significant but not
major critical
analysis and
interpretation of the
economic policies
with some decision
analysis about the
economy. There are
errors or omissions
in the analysis and
interpretation.
Major errors or
omissions in the
analysis and the
interpretation of the
economic policies
with weak decision
analysis about the
economy.
Fails to provide
critical analysis and
interpretation of the
economic policies
with no decision
analysis about the
economy.
Project is fairly
well organized and
written, and is in
proper format, as
outlined in the
assignment.
Reasonably good
sentence and
paragraph structure;
significant number
of errors in
grammar and
spelling.
No more than two
to three significant
errors in APA
formatting,
according to the
Project is poorly
organized and does
not follow proper
paper format.
Inconsistent to
inadequate sentence
and paragraph
development;
numerous errors in
grammar and
spelling.
Project is not well
organized or
written, and is not
in proper paper
format. Poor quality
work; unacceptable
in terms of
grammar and
spelling.
Four to five
significant errors in
APA formatting,
according to the
CSU-Global Guide
More than five
significant errors in
APA formatting,
according to the
CSU-Global Guide
to Writing and APA
Requirements, with
no more than one
significant error.
Total Points Possible = 75
CSU-Global Guide
to Writing and APA
Requirements.
to Writing and APA
Requirements.
to Writing and APA
Requirements.

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