Economics

Introduction
It's time to get ready for 2nd Grade Market Day.

Task
Market Day is an afternoon that allows the students to apply the concepts we have learned while studying economics. The students will create a good or service to sell to other 2nd grade students. The students will use play money to purchase the good or service.

Procedure
The students will have class time to learn about the key concepts of economics. They will also have time to work with their partners to decide upon a good or service they will sell. They will need to get their idea approved before they start planning or producing the item or gathering supplies to complete the service. The students do not need to bring things from home. They can provide goods or services with materials you can get here at school. But if they want to bring items from home to help create a good or service they can. They are not allowed to bring an item that is a purchased all ready made item. You will spend class time learning and working through mini projects on economics. Visit any of the following sites to help you learn more about the concepts or to clear up any misconceptions you may still have.

Needs and Wants
http://www.mcwdn.org/ECONOMICS/NeedWant.html
http://safeshare.tv/w/QJHHKEqBuU
http://www.brainpopjr.com/socialstudies/economics/needsandwants/

Supply and Demand
http://www.mcwdn.org/ECONOMICS/SupDemand.html
http://library.thinkquest.org/3901/
http://www.brainpop.com/socialstudies/economics/supplyanddemand/preview.weml

Goods and Services
http://www.mcwdn.org/ECONOMICS/GoodService.html
http://library.thinkquest.org/3901/
http://safeshare.tv/w/weNcBedxPq
http://www.brainpopjr.com/socialstudies/economics/goodsandservices/

Producers and Consumers
http://library.thinkquest.org/3901/

Trade
http://library.thinkquest.org/3901/
http://safeshare.tv/w/niCFtNlwzq

Saving and Spending
http://www.brainpopjr.com/socialstudies/economics/savingandspending/

Production of Goods
http://www.brainpop.com/socialstudies/economics/assemblyline/preview.weml

Evaluation


0-69%
70%-79%
80%-89%
90%-100%

Teamwork
You did not help your partner
with the project
You helped your partner
a little with the project.
You helped your partner
most of the time with the project.
You helped your partner
the whole time with the project.

Daily Lessons
Grade you received on assignments
Grade you received on assignments
Grade you received on assignments
Grade you received on assignments

Market Day Planning and Production
Most of the information on the project
page is incomplete
Some of the information on the project
page is incomplete
The project page is complete but
it has some incorrect information.
The project page is complete and correct.

Good or Service
You do not finish your good or service
You finished some of your goods or services
You finished your good or service but not a quality job.
You produced a quality good or service.







Conclusion
Congratulations on learning all about economics and enjoy Market Day.