Month: February 2017

February 27 & 28, 2017 Quiz 2AB and Project work

Rob

Click here to take Quiz 2AB over Innovation Skills, Opportunity Cost, and Decision Matrix

Your User ID is jfk[student#]
Your Password is 8digit birthday

There are 20 questions on the quiz and you have two opportunities to take this quiz.  The highest score will be the grade recorded.

Objective:  Students will share the results of the stakeholder survey and finalize their decision matrix for their final recommendations and presentation.

Homework:  Finalize Team Written reports and presentations due on March 1 and 2, 2017. Next class you will have Project Team work first 45 minutes,Oral Presentations second 45 minutes

February 23 & 24, 2017 Opportunity Cost

Rob

Objective: Students will discuss what they read regarding Opportunity Costs and explore the concept of marginal utility by participating in a class activity and reflecting on the results.

Click here for Opportunity cost Power Point

Class Work:

  • Group Contract and Group Plan due

Bing Maps

  • Create Interview Questions to ask stakeholders and turn in.
  • Create a plan to interview businesses in the area of the property being developed to be discussed next class
  • Project Team work

Homework:  Read How to Use a Decision Matrix and complete the Decision Matrix Notecatcher in the Google Classroom assignment.

Use a Decision Matrix to decide what movie to see.

Choose from at least three different movies.

Quiz Next Class over Innovation, Opportunity Costs and Decision Matrix.  You will have two attempts to take the quiz and the highest score will be recorded.

February 21 & 22, 2017 Innovation.

Rob

Objective:  Students will finish presenting their Photo Hounds project team videos.  Students will discuss Innovation and its importance to the economy using the two homework reading assignments.  Students will start working on Make the Most of It Project #3.

Homework questions

  1. What is innovation?
  2. Innovation is the key to what in business?
  3. What are the four kinds of innovation?
  4. What kind of innovation is called for when the problem and domain are not well defined?
  5. What kind of innovation is called for when the problem and domain are both well defined?
  6. Breakthrough innovation is often come from who?

Class work:

In your project teams review the project requirements, create a Group Contract and Project Plan.

Homework: Read Opportunity Cost: A Primer and Opportunity Cost and answer the following questions:

  1. What is another name for Opportunity Cost?
  2. When analyzing Opportunity Costs consumers must consider what two factors?
  3. What is a Sunk Cost?
  4. What is an Explicit cost?
  5. What is an Implicit cost?

Project #3 Make the Most of It

Rob

vacant

Part 1 Team Project

Project Description: In this project, students will develop innovation and decision-making skills as they determine the best use for a vacant building in their community.

  • Each team will interview 10 residents and business people to learn what members of the community would like to see done with the vacant building.
  • Following these interviews, team members will identify the three best possible uses for the property and determine the opportunity costs of each choice.
  • Finally, after developing and using a decision matrix, each team will give an oral presentation and submit a written proposal to the in which the team explains its best use for the vacant building and rationale for the team decision.

Period 2 Make the Most of It

Period 4 Make the Most of It

Period 7 Make the Most of It

walmart-neighborhood-market

 Part 2 Individual Project Diary

In addition to team activities, each student will also keep an individual diary of events throughout the project to reinforce individual understanding of and participation in the project.  The diary should identify what the student did each day of the project and what they learned about making decisions that impact the community.

Time-frame

02/21 & 22/2017

02/23 & 24/2017

  • Briefing – Opportunity Cost & Decision Matrix
  • Group Contract and Group Plan due
  • Create Interview Questions and turn in.
  • Click here for the Excel Decision Matrix Template
  • Create a plan to interview businesses in the area of the property being developed
  • Project Team work

02/27 & 02/28/2017

  • Quiz over Innovation, Opportunity Cost and Decision Matrix
  • Project Team work
  • Click here to see the
  • Survey Questions

03/1 & 2/2017

  • Project Team work first 45 minutes
  • Oral Presentations second 45 minutes

Helpful Links

Denver Zoning Code

Bing Maps

Google Earth

Part 1 Team Activities

In order to determine the best use for the vacant building, each team must complete a series of steps. The steps involved are:

  1. Investigate zoning and assess the surrounding business community.
  2. Compose interview questions that could be used to find out what locals would like to see in place of the vacant building. After each team has written its interview questions, the class should compare the questions and select the best questions to use for the interviews.
  3. Interview people in vacant building’s neighborhood to learn what they would like to see in place of that vacant building. Each team member should interview at least two people in the neighborhood, and students should make an effort to get responses from both the business community and residents. Each team should compile a list of the interviewees’ names, addresses, and responses.
  4. After conducting the interviews, use feedback and innovation skills to brainstorm for specific uses of the property.
  5. Select the three best uses for the property from its list.
  6. Determine the opportunity costs associated with each of the three possible uses for the property. Consider such factors as potential revenue generated, jobs created, aesthetics of neighborhood, etc.
  7. Determine criteria for selecting the best use for the property.
  8. Develop and use a decision matrix to determine the best use for the vacant building.
  9. Develop a one-page written proposal to submit to the teacher. The written proposal explains the team’s decision about how to put the vacant building to best use and reasons why the team believes that is the best use for the property.
  10. Deliver a five-minute presentation

Part 2 Individual Activities

To ensure that all team members are engaged in the project, each team member will keep his/her own written diary of events. Each student will compose a one-to-two paragraph diary entry each day describing team activities and his/her own contributions to the team.

February 17, 2017 Photo Hounds Presentations

Rob

Objective:  Students will present their Photo Hounds videos.

Part 2 the Individual report on incentives for a company to “Go Green” is due on February 21 & 22, 2017

Homework: Read these two articles on innovation

  1. What is innovation

  2. 4 Types of Innovation

and answer the following questions in a Google Doc linked to this assignment in Google Classroom.

  1. What is innovation?
  2. Innovation is the key to what in business?
  3. What are the four kinds of innovation?
  4. What kind of innovation is called for when the problem and domain are not well defined?
  5. What kind of innovation is called for when the problem and domain are both well defined?
  6. Breakthrough innovation is often comes from whom?

February 15 & 16, 2017 Project Work Day

Rob

Objective:  Students will complete and turn in the Supply & Demand project that demonstrates their understanding of the impact of shifts in supply and demand.  Students will work to complete the Photo Hounds Project that will be presented next class.

The Photo Hounds Video is due on Friday February 17, 2017.  Part 2 the Individual report on incentives for a company to “Go Green” is due on February 21 & 22, 2017

February 13 & 14, 2017 Quiz 1B & Teamwork

Rob

Objective:  Students will demonstrate what they have learned about Supply and Demand and the role of Prices in the economy by taking Quiz 1B.  Following the quiz students will work in their teams to complete the Photo Hounds video project.

Click here to take Quiz 1B

When you have completed both rounds of the quiz, compare your answers on the Price Worksheet with the answer sheet.

When everyone has completed the quiz, you should work in your teams to complete your Photo Hounds video.  It is due Friday February 17, 2017.

The Supply and Demand Project is due Friday February 17, 2017

February 10, 2017 Impact of Price on Economics

Rob

Objective:  Students will learn and discuss the role that price plays in economic systems  by reading information found in LAP EC-012 When More is Less and discussing their responses to the Total Recall questions on pages 5 & 8:

Class Discussion:

Click here for Price Note Catcher

Click here for Price Worksheet

Quiz next class covering Supply and Demand and Prices.  This is an open note quiz.  You can use the Supply & Demand and Price Note Catchers on the Quiz.

Homework: Complete the Price Worksheet in Google Classroom.  Answers will be available next class.

February 8 & 9, 2017 Supply & Demand

Rob

Do Now: Respond to the following in a Google Doc attached to the assignment in Google Classroom:

  1. Why are some products and services more expensive than others?
  2. What are two factors that affect the supply of a product or service?
  3. What are two factors that affect the demand of a product or service?

Objective:  Students will learn and discuss the law of supply and demand  by reading information found in LAP EC-011 Supply and Demand and discussing their responses to the Total Recall questions on pages 4 & 8

Class Discussion:

Watch the Supply and Demand Video on the Video page.

Click here for Supply and Demand Note catcher

Click here for Effects of Supply and Demand Worksheet

Homework: 

  1. Complete the Supply and Demand Project Due on February 17, 2017.  This project is worth 100 points and will be shared with Arapahoe Community College.

  2. Read LAP EC-012 When More is Less the function of Prices and Answer the Total Recall questions on pages 5 and 8. Due February 10, 2017.

February 6 & 7, 2017 Quiz 1A

Rob

Click here to take Quiz 1A. 

Your User ID = jfk[Student #]
Your Password = Your 8 digit Birthday

You will have two attempts so review your answers after your first attempt and try again.  Your highest score will be recorded.

When you have completed the quiz you will have the remainder of the period to work on the Photo Hounds Project.

Your Project Plan and Group Contracts are due at the end of the period.  Link them to the Photo Hounds Project Part 1 assignment in Google Classroom.

Homework:  Read LAP-EC-011 Supply and Demand and answer the Total Recall questions on pages 4 and 8 in a Google Doc and link it to the assignment in Google Classroom.  Be prepared to discuss this LAP and turn in your answers next class.

February 1 & 2, 2017 Economic Incentives

Rob

Do Now: Respond to the following in a Google Doc attached to the assignment in Google Classroom.

  • Why do people use incentives?
  • Do all incentives work? Why?
  • Does everyone think and react in the same way about an incentive? Why?
  • Do you think economic incentives work better than non-economic ones? Why? Why not?

Objective:  Students will learn and discuss the impact of economic incentives on economic activity by reading information found at Economic Incentives in Our Community and discussing their responses to the homework questions:

Click here for Incentives Note Catcher

Click here to play Incentive Tic Tac Toe

Students will work in their project teams to begin work on the Photo Hounds project.

Class Work:   Create your Group Contract and Plan due on February 6 & 7, 2017

Quiz next class over Economic Activities, Cultural Impact on Economics and Incentives.