Introduction
What do you think of when you hear the word Trade? Here in the United States, we have an Economic System that is run on people's wants and needs. These wants and needs are comprised of different goods and services that the community has to offer. For this assignment, you will create your own "good or service" to be able to share with your community! Let's bargain our way in (:
Task
Objectives: Students will become experts with the terms goods, services, wants, and needs. They will complete an in-class activity on trading goods and services and then they will use their creativity to make their own good or service. Students to be able to share with their neighbors and friends to convince them why they should buy their product. Students will learn the importance of creating a good or service based on others wants and needs.
Process
Task 1: Review
Watch the School House Rock video to review how we use our money to purchase goods and services.
Task 2: Hands-on
Review the following link, using your own paper, create your own Fryer Model to have at hand to remind you the definition of a good.
You must include:
Defintion
Characteristics
Examples
Non-Examples
Task 3: Create/Apply
Now it is your turn.. You will create your own product that people would want to buy! You will create some kind of 3D project to bring in to class. The good/product must be something you can physically draw or bring in to share with your classmates. Be creative, it can be anything from a toy to a food item, or anything else you would want to produce!
Things to include in your presentation:
-a Tangible Good that is easily movable to share with your classmates
-At least two reasons why you created that product
-Feedback from at least three people who you think would want to buy this good.
- Examples: Family, Friends, Neighbors, Classmates, etc.
- Must be completed by December 21, 2021
Teacher Example:
Product: Customizable Backpack Straps
Price: $10 per pair of straps
Why:
-You can match your backpack straps with your outfit for the day
-You will never get board of carrying the same backpack everyday
-Easy to store
-Can trade them out with your friends.
-Affordable
Asking the Audience:
Neighbor- I would want to buy them because I know my Son always changes his mind on what he likes. This would be a great way to give him constant change.
Dad- I really like the variety of colors that the product has to offer.
Brother- I don't like them because it is too much work for me to have to change them out every day.
I believe you can do it! Use your CREATIVE minds (:
Evaluation
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Task: (5 Points Each) Student-created a good they would be willing to sell. |
Complete: |
Incomplete: |
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The student came up with at least two reasons why people would want to buy their product. |
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The student has proof that they discussed their product with at least three people. |
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Students completed the task in a timely fashion. |
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Total points:
/20 |
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