A Not So Quiz Like Quiz Quiz questions

A Not So “Quiz. Like” Quiz

Quiz questions Answer the following questions on your colored paper to the best of your ability: 1. Do teenagers play a significant role in the U. S. economy? (Yes or no is fine) 2. Do you spend money? (Yes or no) 3. List five places that you have spent money since the beginning of Christmas break. 4. From whom do you receive the money that you spend (job, allowance for chores, money for not doing work, etc. )? 5. Do you shop at the same places as me (Mitts)? Why or why not?

The Economy of Me A Thinking Map of My Role in the Economy

Description/Goal/Value • • • Description: Students will create a bubble map that identifies how they earn/receive money, as well as where/how they spend money. Goal: Students will realize that they are an integral part of the economy and influence the success/failure of businesses. Value: 28 points (Classwork category)

Instructions 1. Write your name in the center circle of a bubble map. 2. Draw six lines that radiate away from the center circle with bubbles at the end of each line. 3. Fill in the empty bubbles with one or two word answers about whether this is a place that you work or a means of receiving money, or is a place or service that you spend money. * You must have a source of income, otherwise it’s really difficult to spend money.

Instructions 4. Draw arrows next to each line indicating: The flow of money ($); and The flow of the goods (G) and/or services (S) being provided. 5. On three of the outside bubbles, draw three extending lines with bubbles at the end of each line and diagram those as well. 6. Identify and write an economic or business connection in each new bubble.

Example CA Gov. Healthcare WUSD Amazon S Teachers $ G Oliver’s $ $ G Mr. Mitts Employees G $ $ Prop. Mgr. Costco Manufacturers S $ Dentist Shareholders S Bank of the West Customers Savings Gov’t Taxes

Group activity In groups of ____, consolidate the information from your thinking maps into one larger economy. Show: • Each student’s income source • Map all the places students in your group shop • In each bubble, write the percentage of students from your group that has each income source or expenditure in common.

Example Ace Hardware 50% WUSD 100% Costco 75% Flying Goat 25% Kin 50% Amazon 100% Trader Joes 50% Olivers 100% Pho Vietnam 25% Chc-Fil-A 25% Allard Kaufman Mitts Simeone Target 100% Nordstrom Rack 25% Macy’s 25% Safeway 75%

Application question Using your personal thinking map, as well as your group’s economy, evaluate the collective data and apply it to the teen economy of the whole country. Explain what you think is the “health” of the teen economy, and include outside information if available.

Quiz questions Answer the following question on your colored paper to the best of your ability: 6. What is the definition of “economics”? (a paraphrase is fine)

Application questions Answer the following prompts on the back of your paper to the best of your ability: • In approximately one paragraph (five or more sentences), describe how a pay increase or working more hours would affect your thinking map. Give an example of the change(s). • In a paragraph, describe the impact to your personal economy if you lost your job or source of income. Give examples of the changes.