To complete this Quest:
Choose three standards for area of study, create an assignment, and method for assessing students work, utilizing one of the mediums discussed. Ensure the tool demonstrates an instructor’s employment of effective feedback.
Make the assignment and method for assessing student work available in a post in your blog.
Georgia Performance Standards
SSEF1: The student will
explain why limited productive resources and unlimited wants result in
scarcity, opportunity costs and trade offs for individuals, businesses and governments.
Course: Economics
Students will view film clip located here: https://www.youtube.com/watch?v=ZKOaVe4SMiQ
As students watch clip, they will address the following questions:
1. What items did Chuck utilize to create fire?
2. What items would have been useful to him if available?
3. Consider another method for making fire. What would you have done?
Grading Rubric:
Outstanding
Economic Terminology Answers indicate a thorough knowledge of the economic concept of scarcity
Acceptable
Answers indicate an understanding of the economic concept of scarcity yet some lapses in understanding
Emerging
Would suggest that you review the definition of scarcity and watch the clip once again. Resubmit your work.
SSEF4: The student will
compare and contrast different economic systems, and explain how they answer
the three basic economic questions of what to produce, how to produce and for
whom to produce.
Following a powerpoint presentation on Basic Economics, students will be presented with the following activity.
Using your knowledge of the Basic Economic Questions, decide which Market System is utilized by the following groups. Beside each example in the space provided, mark T if it is a Traditional Economic System, C if it is a Command Economy, or M if it is a Market Economy.
_____ China ______North Korea _____Canada _____Inuit
Answers: (5 points each)
__C___ China ___C___North Korea __M___Canada ___T__Inuit
SSEMI2: The student will
explain how the Law of Demand, the Law of Supply, prices and profits work to
determine production and distribution in a market economy.
Following a powerpoint presentation on Supply and Demand along with various activities, a formative assessment will be the following RAFT.
Role=Consumer
Audience=Business Owner
Format=Complaint Letter
Task=Write a complaint letter to your favorite company describing your anger at their most recent price hike and your strategy to deal with the price hike.
Rubric
Proper Format
Complaint letter utilized YES NO
Terminology
Evidence Substantial Adequate Emerging
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