Questions

Question 1

The tutor has identified a lack of in-text citations and references as a major problem with this reflective essay. She was looking for evidence of learning from required reading and research, and an ethical approach to academic work through citing and referencing any ideas the student has obtained from external sources.

Provide a citation for these borrowed sentences, using the Library Guide to citing and referencing APA 6th, if necessary, then click , "check your answer’ to compare your work.

Example A:
Disequilibrium is a situation where internal and/or external forces prevent market equilibrium from being reached or cause the market to fall out of balance. This can be a short-term byproduct of a change in variable factors or a result of long-term structural imbalances (Investopedia, 2016).

Example B:
Disequilibrium is a situation where internal and/or external forces prevent market equilibrium from being reached or cause the market to fall out of balance. This can be a short-term byproduct of a change in variable factors or a result of long-term structural imbalances (Investopedia, 2016, para. 1).

Example C:
“Disequilibrium is a situation where internal and/or external forces prevent market equilibrium from being reached or cause the market to fall out of balance. This can be a short-term byproduct of a change in variable factors or a result of long-term structural imbalances” (Investopedia, 2016, para. 1).

Question 2

The tutor has identified a lack of in-text citations and references as a major problem with this reflective essay. She was looking for evidence of learning from required reading and research, and an ethical approach to academic work through citing and referencing any ideas the student has obtained from  external  sources.

Take the required elements of an APA 6th reference for this kind of source (website) and drag them into the correct order.

Question 3

Write your own answer then compare it with one that achieves the requirement:

The tutor mentions that the essay's introduction is missing a statement indicating the writing purpose and preview of its structure. Write such a statement in the box provided, then click 'Check your answer' to compare your work with one possible and well-written response.

Question 4

The tutor also indicates that she thinks the student’s essay was either poorly planned or unplanned. Take a look at the three essay plans below and put them into an order where number one best addresses the task requirements and number three does so the least effectively.

Essay plan 1

Intro
Para. 1: My opinion about disequilibrium
Para. 2: Knowledge I learnt about disequilibrium and other economic concepts
Para. 3: My career as an entrepreneur
Conc.


Essay plan 2

Intro
Para. 1: Disequilibrium: importance in the context of an innovative start-up
- Summary of facets of disequlbm
- Identify 3 key aspects relevant to start-up: gap in market, the ‘disequlbm price’ and dynamic equilib, Walrasian general equlbm, providing examples or citations as needed

Para. 2: Key economic concepts & explanation of their relevance
- Scarcity
- Elasticity
- monopolies/competition
- Externalities/public goods

Para. 3: My career as an entrepreneur
- Brief description of start-up
- Link between concepts in para 2 and entrepreneurial venture in its various stages of development
Conc.


Essay plan 3

Intro
Para. 1: Disequilibrium: importance and relevance to an innovative start-up
- Summary of facets of disequ
- Identify aspects relevant to start-up: gap in market, the ‘disequ price’ and dynamic equilib, Walrasian general equilibrium and how it applies to individual cases
- Include in the above examples of how each relevant aspect would apply to my start-up

Para. 2: Key economic concepts & explanation of their relevance
- Scarcity
- Elasticity
- monopolies/competition
- Externalities/public goods
- Examples of each one as it applies to my start-up

Para. 3: My career as an entrepreneur
- Description of start up and timeline of expected stages of development
- Relevance of concepts/theories to my start up:
--- Disequilibrium
--- Scarcity
--- Elasticity
--- monopolies/competition
--- Externalities/public goods
Conc