Overview and Background: Unit: Kites For Sale

Sherri Conrad : Cheney USD 268

Economics. Social Studies. : Economics : Economics

Cheney : Grades 5 - 5 : Aug. - Jun.

Title:	Kites For Sale
Topics:	Supply and Demand
Time Frame:
Start Date:	-
Status:	Draft
Date Revised:

Other Designers:

Summary:
This unit looks at economics and the concept of supply and demand and marketing.

Print Materials Needed:
The Dragon Kite / by Nancy Luenn.

Chicken Feed: A fowl look at money / World Research Inc.

Resources:
Video: Consumer Squad / Maryland State Dept of Education.

Aerodynamics / Aims Education, 1987.

Book & Video: Umps Fwat/ by Marilyn Sadler. Figgie International, 1991.

Resource Attachments:	http://www.cheney268.com/5th/conrad/kites/kitesforsaleresources.htm
Internet Resource Links:

Stage 1: Identify Desired Results

State:	KS
Title:	Economics
Standard(s):	8.1 - uses a supply and demand graph to illustrate the relationship of price and supply to demand. 8.2 - gives examples that illustrate the effect of changes in supply and demand on prices. 8.3 - identifies the entrepreneur as the one who organizes other economic resources to produce goods and services.

Understandings:
user	The cost of goods is a function of demand. The cost of goods includes more than just materials. Mass production/sales causes costs to go down.

Essential Questions:
User	What causes prices of goods to go up and down? Why is it cheaper to shop in a discount store than in a small family-owned store?

Knowledge and Skills:

K
Terms:
-Opportunity cost
-Supply
-Demand

Stage 2: Determine Acceptable Evidence

Assessment Summary:
The students assume the role of an entrepreneur to create a kite business. They will select a kite design and compare the costs of producing different numbers of kites at different prices to find the combination that creates a good profit.

They will then produce a sample of their kite and the advertising materials to accompany the kite. The first graders will then be allowed to place orders for the kites, based on the design and the advertising campaign. The entrepreneur can then calculate his actual profits.

Task/Prompt: Kites For Sale

Type: Performance Task

Topics: Supply and Demand

Summary:
The students assume the role of an entrepreneur to create a kite business. They will select a kite design and compare the costs of producing different numbers of kites at different prices to find the combination that creates a good profit.

They will then produce a sample of their kite and the advertising materials to accompany the kite. The first graders will then be allowed to place orders for the kites, based on the design and the advertising campaign. The entrepreneur can then calculate his actual profits.

Print Materials Needed:

Resources:

Resource Attachments:

Internet Resource Links:
Link 1: http://
Link 2: http://
Link 3: http://
Link 4: http://
Link 5: http://

Notes:

Student Directions:
You are an entrepreneur of a company that makes kites. Select a kite design and compare the costs of producing different numbers of kites at different prices to find the combination that creates a good profit.

Then produce a sample of their kite and the advertising materials to accompany the kite. The first graders will then be allowed to place orders for the kites, based on your model design and the advertising campaign. Based on orders you can then calculate your actual profits.

Write a report for the share-holders of your company, explaining the costs of production, advertising and other costs. Include information about total sales and total profits.

Be sure that your report is accurate and that you are poised and persuasive in your ad campaign.

Other assessment evidence to be collected:

Stage 3: Plan Learning Experiences and Instruction

Learning Activities:

W
Brainstorm for reasons why prices fluctuate.

H
Read "The Dragon Kite" to the class.

E
Watch video "Chicken feed".
Mini-lesson on writing checks, completing a check register and balancing a checkbook.
Invoices for rent were sent and students write their first check.
Watch video "Consumer Squad," an introduction to advertising.
Students select a kite design.
Students use Kites Cost Analysis Spreadsheet to decide on the number of kites to build.
Students submit a materials request.
Invoices sent for materials and students write a check.
Students select, plan and create their advertising materials.
Invoices sent for advertising and students write a check.
Students build their kites.
Students create a Safety Instruction Guide for Kites for users. The activity develops their technical writing skills.
Students set up the room with kites.
First grade students come while the class is at PE. Each 1st grader has 10 one dollar bills to spend, laying their money next to the kites they like.
The students calculate their sales.

R
Self-evaluation journal addressing Essential Questions and what they have learned.

E
The students assume the role of an entrepreneur to create a kite business. They will select a kite design and compare the costs of producing different numbers of kites at different prices to find the combination that creates a good profit.

They will then produce a sample of their kite and the advertising materials to accompany the kite. The first graders will then be allowed to place orders for the kites, based on the design and the advertising campaign. The entrepreneur can then calculate his actual profits.

Other Evidence:
Self-evaluation journal
Safety Instruction Guide for Kites

Notes: