Class began by finishing viewing and discussing the Khan Academy lectures on Production Possibilities Frontier.
Then students were given the following assignment; students had time to work together, consult Mr. Zartler and begin drafting ideas and completing their story boards:
Then students were given the following assignment; students had time to work together, consult Mr. Zartler and begin drafting ideas and completing their story boards:
Telling
an Economic Story
Name ________________________________________
Date ____________________ Period _______
Due Date: Monday,
March 7th
This
assignment is designed for you to show your knowledge of and practice using
important Economics vocabulary and concepts. You may work individually, in
pairs, or in a group of three (projects completed by two or three people will
need to show more effort, quality, and content than those completed by single
persons in order to receive an equivalent grade).
The Assignment: is to show understanding of the
concepts and vocabulary words listed below in the form of a story. The story
could be written in prose (short story) form; in the form of a comic, or in
video format (other options may be acceptable, but you should confirm with Mr.
Zartler before proceeding). An “A” project will address all topics in category
A AND all topics in category B. Projects that address on category A OR category
B will not be able to earn higher than a C+. Students who address all required
AND extra material, or whom produce unually high quality projects may earn
extra credit. Both category A and Category B concepts will be on the unit test.
Your
story / project may have two different parts or sub plots if you find it easier
to tell sepeate but related stories on concept A and concept B. For instance if
you wish to tell one story line about PPF and a different but related and
intertwined story about supply and demand that is ok.
Timeline: 2/26 Intro of Project;
brainstorming; clarifications 3/1 Game Theory Lesson PM Substitute; group work
time; “story boards” or rough drafts should be completed 3/3 Concept &
Vocab Quiz; group work time 3/7 Presentation of Projects
Required Concepts:
Concept
A (Demand): Law of Demand; Demand Curve; Change in Demand; Quantity Demanded;
Change in Quantity Demanded;
Concept
B: Production Possibilities Frontier; Efficient Production; Inefficient
Production; Moving the Production Possibilities Frontier; Opportunity Cost;
Required Vocabulary Words: ceteris parabis; substitutes; compliments; value; cost
Extra Credit Concepts: Compounding interest; Return on
Investment (ROI)
Extra Credit Vocabulary Words: Inflation; Money Supply;
supply; scarcity; budget; cartel; market share
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NOTES
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IN
STORY BOARD
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IN
FINAL
DRAFT
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Required Concepts
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for Concept A
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Law of
Demand
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Demand
Curve
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Change
in Demand
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Quantity
Demanded
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Change
in Quantity Demanded
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for Concept B
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Production
Possibilities Frontier (PPF)
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Efficient
Production
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Inefficient
Production
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Moving
the Production Possibilities Frontier
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Opportunity
Cost
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Extra Credit Concepts
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Compounding
Interest
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Return
on Investment (ROI)
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Required Vocabulary (A & B)
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Ceteris parabis
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substitutes
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compliments
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value
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cost
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Extra Credit Vocabulary
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Inflation
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Money
Supply
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scarcity
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budget
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cartel
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Market
share
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commodity
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