BUYING YOUR FIRST CAR
Debbie Keefe
Sally DiMuzio
Introduction | Task | Resources | Process | Evaluation | Conclusion
Introduction
So you want to buy a car. Can you afford it? There are some basic topics that must be investigated before making a profitable decision. After this search, you should be able to decide what kind of car you’ll be driving soon. If you presently have a car, complete the project with a different car.
The Task
Does the make and model make a difference?Which models, of your choice, are the best deals?
How much will insurance cost for someone your age?
What about financing? Is it better to make payments for three years, or five years?
Using the internet, you will investigate these questions to decide what you will be able to afford and present your findings in a report to the class.
Resources
http://www.CarFinance.com/fin/ http://www.excite.com/autos/finance http://agent.allstate.com/makemodel/Talk to your family insurance agent, and any other agents you know
Talk to several automobile dealers
Process
Evaluation
Evaluation will be based upon:
Use of computer lab time 25pts daily grade in labs
Reasonability of conclusion ( in rubric)
Written report ( 100 pts)
Conclusion
After this activity, you will have a better understanding of the components involved in purchasing an automobile. You will then be better able to make an informed decision in purchasing, financing, and insuring your first car.
COLLEGE EXPLORATION
by: Theresa Lachtrupp
Return to Econ WebQuest
| Introduction
It is the fall of your senior year in high school. You have narrowed your choices of colleges and universities. Your parents have agreed to help you with finances. You have a particular college in mind. If accepted, how are you going to persuade your parents to allow your to attend this particular college and help with finances? The Task You are about to graduate from high school in the spring. You have narrowed your choices to three colleges with one being your first choice. Your are anxious to send applications and persuade your parents to agree to allow you to attend the school of your choice. You plan to attend college full-time and work part-time. Your parents have agreed to provide you with financial assistance. Their decision will be based on the following criteria listed in order of financial importance: academic tuition, room and board, book and supply fees, commuting time and everyday expenses, and scholarships and financial aid. Your assignment is to gather information on your three favorite colleges or universities and make a scrapbook. You will also fill out the chart shown below for each college on the given criteria. (ex. Write in the dollar amounts under each category listed on the chart for each college; academic tuition, room and board, book and supply fees, commuting time and everyday expense, and scholarships and financial aid.) After completing the chart and scrapbook, you will rank your college choices from one-three with one being the most economical and three being the least economical. You will present your scrapbook and chart to the class. They will play the role of your parents while you try to persuade them to allow you to attend the college of your choice based on economics. Be prepared to defend your rankings. The Process 1. The student will contact the colleges and universities being considered and gather admission folders, pamphlets, and brochures. 2. The student will use the web sites listed in resources along with gathered college and university information to find financial information on academic tuition, room and board, book and supply fees, commuting time and everyday expenses, and scholarships and financial aid. 3. The student will write down the money amounts in the appropriate category listed on the chart for comparison purposes. 4. The student will rank the schools in order of most economical for the student and parent. 5. The student will also compose a scrapbook of the the schools being considered for added interest and persuasion. 6. The student will present the scrapbook and chart to the class and defend their rankings. (5-10 mins) Resources 1. The College Guide 2. Current College Rankings from U.S. News & World Report 3. Peterson's Education Center 4. Fin Aid: The Financial Aid Informational Page Conclusion This activity allows the student to be creative in the skills of persuasion, evaluating and comparing data from various sources, and consolidating information for quick reading, understanding, and decision making. The teacher could ask students to predict parent's reactions to the interest, organization, and work involved by the student. Evaluation 1. An individual grade will be given for organization of the scrapbook. 2. An individual grade will be given for completeness of the College Expenses chart and rankings. 3. An individual grade will be given on the presentation to the class and the student's ability to defend their rankings. |
Smart Shoppers Guide
A WebQuest
By Steve Heck
Mariemont Junior High School
Introduction --- Task --- Process --- Resources --- Evaluation --- Conclusion
Introduction:
What would it be like to be your own boss and run a FIVE STAR Restaurant? Could you decide what to serve? What is the best buy for the foods you decide to serve? Do you know what to charge for the dinner? Can you make a profit at your new business? All these are tough questions to answer and you need mathematics to solve your problems. You are now the BOSS, so lets get started.Task:
You will develop a five-course meal for your customers and stay within a budget of $15.00 per meal. You can expect about 20 visitors to sample your dinner. By the way, you must also operate your restaurant at a profit.
PROCESS:
1. First: Create a spreadsheet that describes a full five-course meal to include the following. Remember that you must stay on a budget for the meal.
e. Dessert
SECOND: Do your shopping (enter your results on your spreadsheet). Your budget is $15.00. So, find out the cost for each item. This will serve as the cost evaluation for your meal.
THIRD: Set the price of the total meal and develop a menu. Remember that you need to make a profit, but don’t over price yourself. Customers want the best meal at the best price.
FORTH: Figure the cost for the evening if all 20 of your quest show up for your premier dinner presentation. Enter this on your spreadsheet as well as the total profit you expect to make.
RESOURCES:
Internet Sources
Evaluation:
Spreadsheet Development: (25% of total)
Knowledge of spreadsheet operations: 5%
Complete and accurate spreadsheet entries: 10%Cost analysis detailed on spreadsheet: 10%
Menu: (25% of total cost)
Creative presentation of Menu: 15%
Complete list of dinner items: 10%
Mathematical computations: (25% of total grade)
Comprehension of mathematical calculations: 15%
Remaining within set monetary limits: 5%
Knowledge of spreadsheet calculation functions: 5%
Directions: (25% of total)
Complete and accurate following of directions set forth in WebQuest directions: 15%
All required items submitted on time: 10%
CONCLUSION:
At the completion of this WebQuest, you will have an appreciation of what it takes to run a small business. You should have obtained general knowledge on how to develop a menu, use a spreadsheet to help determine and set costs, develop a cost analysis so as to stay under budget and make a profit. Finally, you can see how mathematics is used in every day life situations.
The following is a guide for your Menu. Remember to be creative and include everything important to your customers!
Name of your Restaurant
by Celia Pride and Richard Pride
Have you ever dreamed of moving to another city in the United States? Think of the excitement involved in packing up all your things and selecting another place to settle that would be similar in population (number of people living there) to the largest city nearest you (i.e. Cincinnati, OH). You will get a chance to choose any city in the United States to compare and contrast the standard of living with Cincinnati.
Use the Internet to select a city with a population similar to Cincinnati. Check the average temperature, average salary, average cost of housing, historical and recreational sights available, and population. Each group will give a presentation to the class using posters, dioramas, a PowerPoint presentation, or a collage. Be creative!
Social Studies: Travels with Samantha by Philip Greenspun
Sports: Yahoo Sports
Entertainment: Yahoo Entertainment
Technology: http://www.netscape.com
Travel: http://www.city.net
City Info: Yahoo United States
Day 1 - The teacher will divide the students into groups of five. Each group will select a leader. Each leader will divide the group so as each member will be in charge of the five areas to be researched: temperature, salary, cost of housing, historical and recreational sights, and population. The leader will begin a brainstorming session on ways to accomplish the goal.
Day 2 - Use the web site http://www2.homefair.com/calc/salcalc.html to choose the city in the U.S. for your group to research. In the section on Guides, go into the portion called Choose Where to Live. Find a city with population close to the nearest city to where you live.
Day 3 - Each student will use the web site to find information on the cost of a 3 bedroom house, the climate, and the unemployment rate in the two cities.
Day 4 - Use the salary calculator to compare the cost of living in the two cities.
Day 5 - Use the site http://www.city.net to research the historical and recreational sights in the city you have chosen.
Day 6 - Use the site http://www.census.gov. In the U.S. Gazetteer print a map of the city for your class presentation.
Day 7, 8 & 9 - Use this time to develop how your group would like to present the information to the class. Compare and contrast the items researched in the two cities. Explain why you chose to move to the new city. Tell about the advantages and disadvantages of living there. Be creative in developing your presentation so it will be interesting to the rest of the class.
Day 10 - The day has arrived. It is time for your exciting presentation.
Students will be evaluated according to the following Rubric:
4 Points - All students show evidence of participation in the group work and presentation. Students explain the advantages and disadvantages of living in the chosen city. They show a map of the city. They compare and contrast the two cities in the areas of climate, average salary, cost of housing, historical and recreational sights, and population. They use interesting visual aids in their presentation.
3 Points - Students show evidence of understanding the concepts. four of the five mail areas are presented in an interesting manner to the class. It is clear that all students have participated in the research and presentation.
2 Points - The students have presented four of the five main areas, but have not done a thorough job their research and/or presentation. Most of the students show evidence that they have participated in the gathering of the research.
1 Point - The students show lack of developing their research. Their presentation lacks cooperation of all students in the group. They have failed to address the topics.
Have a class discussion following the presentations by all groups. Talk about any new web sites the groups have discovered that helped them develop their project. Discuss what went well with the presentations and what areas could have been improved upon. Discuss what was learned about the cities researched. Display the visual aids at the next Parent-Teacher Conference or Open House.
SHOPPING IS A MATTER OF TIMES TIMES TABLES THAT IS!A Web Quest
By: Maria Davis
Introduction—Task—Resources—The process—Evaluation--Conclusion
INTRODUCTION
THE PROCESS
These lesson plans were created as part of the "Wandering the Web" Workshop sponsored by the Greater Cincinnati Center for Economic Education. These pages are examples of online lesson plans and are submitted for the benefit of teachers. The Center is not responsible for their content or accuracy.
Page last updated: 12/28/05
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AMBITION/NUTRITION
INTRODUCTION:
You and a partner are interested in explaining to your friends about nutrition and how you can eat healthily and save money, too. You have $200 to spend at the grocery store and have some coupons, keeping in mind that it is Super Double Coupon Week at Kroger’s.TASK:
In order to be successful in your shopping endeavors, you must visit the internet and show proof that you did a thorough investigation of the much needed nutrients.Process:
Each pair of students will be expected to:Create a grocery list.
List each food on a separate sheet of paper and show the fat content and calories of that food.
Explain how each food is to be used.
Include grocery receipt to show cost of each item.
Browse the web using the sites listed to aid in the decision making process.
Create a formal paper to be handed in and a presentation to be given to friends in the class.
RESOURCES: Nutrition Expedition http://navigator.tufts.edu/educator/nexped.html Kids Food Cyber Club http://navigator.tufts.edu/kids/kidsfood.html The Healthy Food Magazine: Crunch ‘n Munch @ Lunch http://navigator.tufts.edu/kids/healthyf.htmlFDA Center for Food Safety & Applied Nutrition http://navigator.fut\fts.edu/educator/fda_cfsa.html
CONCLUSION: Each pair will learn how to work cooperatively, the essentials of planning, and how intelligent decision making leads to success and how much money can be saved. Through their research students will become better able to shop and read labels concerning fat and calorie content. This will lead to better food habits in the future, hopefully. Destination FranceIntroduction | Task | Resources | Process | Evaluation | Conclusion
| Introduction
The Economic Institute of Global Travel is interviewing prospective employees for a position as Planning Expert. You are applying for this exciting job. As part of the interview process, you have been asked to submit original travel plans for a one week trip to France ,appropriate for high school students. The submission deadline is Sept.30,1998. You have been asked to keep costs under $2,000. You will have a follow-up interview with the hiring committee to determine your employment status . Task
|
Resources
Here are some suggested resources to help you evaluate your travel and cost
options.
Travel books from library or bookstore
Travel brochures available from travel agents
Currency exchange from newspaper financial page
Maps
Internet Web sites
http://travel.yahoo.com/Destinations/Europe//Countries/France/
This site will provide destinations, currency exchange, weather information
and maps.
http://travel.yahoo.com/destinations/travelocity_air/yfinal_fits_roundtrip.html/
This site provides round-trip airflight information.
http://www.conciergerie.com/
This site details Paris museums, metro passes and hotels.
http://www.bonjour.com/wta/
This site gives information about the different regions of France, local
events, map, and links to additional sites.
http://www.w3i.com/eng/HOME.HTM/
Here are listed restaurants ,hotels, map of Paris, transports, and other
regions.
http://www.France.com/
General information on France will be found here.
Process
Take a general look at places you might want to visit and things you might like to do. Zero in on where you want to go and what you want to do.Approximate costs by evaluating transportation options, accommodations, food options and admission prices.
Allocate time and money resources to fit your destination and activity plans.
Make a detailed itinerary with cost approximations.
Itinerary is due: . Interview will follow the next week. Hiring committee will ask you questions about the trip, sites, activities, and costs. Be prepared to justify opportunity costs, and allocation of time and money. Your employment status will be determined by your expertise.
Learning Advice
Evaluation
You will be given an employment status at the end of the interview process which includes successful completion of your itinerary and a follow-up interview.
Employment Status
A - Candidate exhibits high interest, careful planning, and travel expertise. Employment offered as a Planning Expert. (Equivalent to a 95% test score)
B - Candidate shows interest and ability in planning. Needs some help in fine tuning decisions. Employment offered as a Planning Assistant, (Equivalent to an 87% test score)
C - Candidate shows promise with fair planning ability. Needs to show more detail and responsible decision making. Part-time employment offered as free-lance agent. (Equivalent to a 79% test score)
D - Candidate exhibits low level interest and little depth in planning. No employment is offered. (Equivalent to a 71% test score)
F - Candidate failed to appear and is still unemployed due to lack of interest. (Equivalent to a 0 test score)
Conclusion
Upon conclusion of this interview process, you will be able to identify places of interest in France, have a concrete concept of travel costs as well as opportunity costs. You will have gained experience budgeting time and money. You are now competent to plan trips to other destinations. You can think more critically about how you make decisions for yourself and for an employer.