rubric gallery

Reference assigned chapter in textbook (Chapter 1). Prepare a pictorial poster-board ( half-board) that depicts at least (18) of the following terms: Entrepreneur, Venture, Entrepreneurship, entrepreneurial, Economics, Free enterprise system, Profit, Service Factors of productions, Scarcity, Demand. Elastic, Inelastic Diminishing marginal utility, Equilibrium, Environment, Enterprise zones, Opportunity, Start-up resources, New venture organization, Business failure and discontinuance. You must have a seperate picture or pictures for each, include all of the factors of production and draw a supply and demand chart to explain equilibrium of a product. You will have to present your ideas to the class, so make sure you can articulate your pictures. You may put the words for the picture on the back of the poster. No words should be on the front of the poster board.

Students will prepare a skit about credt cards using their credit vocabulary and notes.

Students will debate the pros and cons of monopolies on America at the turn of the century

Summary of Activity: You are a producer who can produce any product that you would like. This week the product we used in our examples was tacos. You can produce anything, within reason, that you would like. Create a price plan for your product. (See tacos example for explanation). Survey the class to determine individual and market demand for your product. Then, create a production plan and individual supply schedule. Graph all findings. Label the equilibrium in market supply and demand (where the supply and demand curves intersect). Identify the price you will charge and the amount you will produce.

Group journal.