Market

The Market



Students will study and explore basic economic principles in this unit. The culminating project is creating a product to sell at our “Riverview Market Day.”

Topics we will explore during this unit:
 * Money
 * Supply and Demand Video Clips
 * Want vs. Need
 * Scarcity and Choices
 * Goods and Services [|'Goods and Services' Brain Pop video]
 * Inflation Video Clip
 * Advertising

Advertising


 * Identification with Individual Needs ||  ||
 * Humor || media type="youtube" key="n7bxYXFmg0o" height="315" width="560" ||
 * Need for Change ||  ||
 * Identification with Global Need ||  ||
 * We are better than ever ||  ||
 * Band Wagon || media type="youtube" key="lw9ZeXB2uKs" height="315" width="560" ||
 * Fear ||  ||
 * Celebrity Endorsement ||  ||



Learning Targets/State Standards:


 * Standard D: Economics **


 * D.8.2 Identify and explain basic economic concepts: supply, demand, production, exchange, and consumption; labor, wages, and capital; inflation and deflation; market economy and command economy; public and private goods and services.
 * D.8.7 Identify the location of concentrations of selected natural resources and describe how their acquisition and distribution generates trade and shapes economic patterns.



__//** Overall Project Grading/Final Assessment: **//__ Target: Students participate in the Riverview Market and showcase a product to sell to their peers.
 * Item || 4 || 3 || 2 || 1 ||
 * Develop a Product || Student develops an outstanding product that is original and innovative. || Student develops a product that is original. || Student develops a product that could be improved. || Student did not develop a product. ||
 * Advertisement || Advertising technique or approach is clear and is done in an outstanding way. || Advertising technique or approach is clear. || Advertising technique or approach is unclear. || Advertising technique or approach is missing. ||
 * Set-up of Booth || Outstanding work! Booth is attractive and clean. || Booth is neat and clean. || Booth set-up needs improvement. || Set-up is missing or needs an overhaul. ||
 * Business Plan || Business planning was complete and detailed. Student accurately explored supply, demand, and price. || Business planning is complete. Student explored supply, demand, and price. || Business planning needs improvement. Student needs to improve exploration of supply, demand, and price. || Business planning is incomplete. ||
 * Realistic Expectation of outcomes || Student used logic and guidance in an effective way for success in the market by adjusting price during market selling. || Student used logic and guidance to plan for the market by adjusting price during market selling. || Students’ use of logic and guidance could be improved during market selling. || Student did not have a realistic expectation of outcome during market selling. ||
 * Organization of Materials and Time || Students balanced time and kept materials organized to perform outstanding during their assigned market time. || Students balanced time and kept materials organized to perform during their assigned market time. || Students could improve balanced time and kept materials organized to perform well during their assigned market time. || Time and materials were not organized. ||
 * Sales Etiquette || Students conduct themselves in an outstanding manner in terms of attitude, appearance, and interactions with others. || Attitude, appearance, and interactions with others were all acceptable. || Attitude, appearance, and interactions with others need improvement. || Attitude, appearance, and interactions with others were unsatisfactory. ||

/ 7 Convert to 4.0 Scale out of 100 points