Summative Task

Summative Task

Presentation of an interview report with a successful businessman.

 As a culminating performance of understanding, students interviewed a shopkeeper in their neighborhood to find out what they sell or the services they provide, who their customers are and why, how their businesses began, why they chose that location, and what changes they have made. They also wrote a report, and shared information with their peers, about how successful these businesses were by giving reasons. Some students also interviewed their family members doing business either of their own or inherited. Students focussed on a basic ground work that needs to be laid for setting up a business, the locality that is to be chosen, economic activities and deciding on product etc. As a class they made a questionnaire to facilitate their findings.

Formative assessment ~ third line of inquiry

Formative assessment

third line of inquiry

As a group students persuaded others to be a responsible consumer. They were able to showcase their understanding of what it means to be a ‘responsible consumer’ through their role plays.

Responsible Consumers

Responsible Consumers

The students will reflect on the video of being a responsible consumer, for self, for others and also for other countries thus becoming a global citizen.

http://youtu.be/DVzuEsg6RiI

http://youtu.be/pLvt-vvEcEU

http://youtu.be/2gZPKb8sBTQ

http://youtu.be/I0k-B3JeHjk

                                  http://youtu.be/AkGMVQl8_jI

OPEN-AIR MARKET

OPEN-AIR MARKET

Formative assessment ~

second line of inquiry

Open-Air Market

Students set up an Open air Market in the Corridor outside their classroom where they made and grow their own goods and offered services. They also purchased goods and services too. Using fake money, students also bartered their goods and services.

Journey of a product

Journey of a product

Students displayed their understanding of wholesaler and retailer by picking up a product and explaining its journey right from its start.

 

 

Import and Export

Understanding the concept of

import and export

Students came to know that the United States exports many consumer goods to other countries, and those countries import goods here. Each student made a list of his favorite fruits and vegetables, as well as where s/he thinks they come from (besides the grocery store). Students shared their answers with the class, and then illustrated that the states have different weather to grow various fruits and vegetables and so does the other countries. Students also did some interactive activities using the web-link: http://www.econedlink.org/interactives/EconEdLink-interactive-tool-player.php?lid=301&filename=em301_info.swf

Formative Assessment - First Line of Inquiry

Formative assessment

of the first line of inquiry-

The students worked as a group and showcased their understanding of the First line of Inquiry in the form of role play. They were able to show how demand and supply affects every individual in a society using the ‘explanation gear’.

 

Group 1

The story on oranges

Mehr, Snehal, Lavanya & Devansh

 

Once there was a retailer. He had no oranges so he went to India. He asked a wholesaler if he could buy 100 boxes of oranges and the price was 10,000 rupees. So the retailer took the oranges. One day a customer comes and asks for 25 oranges. The price was Rs. 1250. The customer was surprised but wanted them so bought them. The supply was low and the demand was high. The retailer needed oranges and the customer wanted oranges. The background of the role play was accompanied by gymnastics and music.

 

 

Group 2

The girl who wanted

to sell lemonade.

Chehak, Diya and Aditya.

 

Once there was a girl who was trying to sell lemonade in the park. She had 50 glasses of lemonade but there was a crowd of 68 people. So after that what she did increased the price. But then no one wanted to buy such an expensive lemonade so then she close the stall and went back home.

 

Demand is more and supply is less.

Need is the money for the girl and want is the lemonade.

 

 

Group 3

Cookies for sale

Anushhka, Ishani, Manas, Shivani.

 

There were two girls scouts who sold cookies but nobody would buy it because it was expensive and there were not many cookies. One day while they were selling cookies, Kate fell down and all their cookies went into waste. They needed more of butter cookies because more people liked those and less people liked the vanilla cookies. Then the scouts quickly called the wholesaler and ordered more butter cookies. Kate and Samantha decided that they will make the demand less and supply more. Soon the wholesaler came and gave the cookies. The scouts started to sell the cookies and everyone bought it because we had their favourite cookies and it was also very cheap.

 

 

Group 4

Hurricane in America

 

Pratham, Aryan and Manguru

 

One day a hurricane hit America and all the oranges blew away. Then the seller of oranges bought oranges from India since he had none. The seller started selling oranges very expensive. So no one wants to buy it anymore. Less supply, prices are high and demand is low.