Economic Sense - How Do We Develop It?

Take the quiz on supply and demand.  Use this website Supply and Demand Quiz

Be sure to email the results to [email protected] (Hint:  Use control C to copy and then Control V to paste this address onto the form)

STEP THREE:

Now that you know about supply and demand, let's learn a little about goods and services.  Read and study the following website.

Goods and Services 
Be sure and do the two assessment activities in this section.

STEP FOUR:

Economic resources can be divided into three different categories: Human, Capital, Natural 

Let's learn more about these categories.

Let's read the story of The Three Little Pigs. The Three Little Pigs

Discuss the events with your partner.  What do you know about straw?  About wood?  About brick?  What additional items are needed to build the house?  Who is needed to build the houses?

Use this website to test your understanding.

Human, Capital and Natural Resources activity

STEP FIVE:
Let's learn about opportunity cost at Opportunity Cost

STEP SIX:

Let's learn about investing and saving now.  First explore this website on savings and investment 
Savings and Investments
Make sure you read about the different types of investments.

Also explore this site on beginning investing Investments


STEP SEVEN:
Now that you know a little bit about economics, let's divide into groups of four.  It is time to start planning your commercial.  Begin by thinking about what information you want to convey to your audience.  Use the planning sheet to help you begin thinking about it. 

You need to create a Story Map using the Smart Ideas program to help develop your script. 
You will need to create a story board using the story board handout found at the bottom of this page in the resource section. You must include the elements necessary to create your movie including image, effects, and script.

You may find clip art or images for your project on the following websites:
Phillip Martin Clip Art
Clip Art
Microsoft Clip Art
Pics4Learning
EduPic

You may also want to use the digital camera to take pictures of your own images.



Before you begin filming your commercial, you need to decide what role each member of your group will do.

Multimedia Collector - This person collects videos, music, and images to use in the production of the commercial.

Storyboard Editor - This person organizes  the images, music, and script to design the content of the commercial.

Project Manager - This person is in charge of making sure all tasks are completed in a timely fashion.  This is the contact person for the teacher, and the time manager for the group.

Movie Maker Director - This person is in charge of compiling the various components of movie making together to create the final project.

STEP EIGHT:

Upon completion of your movie commercial, you will need to present it to the class.  Before you present your commercial, explain how it helps to answer the essential question presented in the task. 

All handouts will need to be turned in at the time of your presentation.