Entrepreneurial Economics

EQ - How do entrepreneurs make economic decisions?

1. Activator - Hybrid Model Description (Identify Goals)
2. Direct
1. Introduction to Opportunity Cost
2. Reflection Questions in Schoology
3. Collaborative
1. Factors of Production
2. Evaluate and Sort Activity
4. Independent
1. Profit Equation
2. Word Problem
5. Application of Concepts
1. Collaborative Pairs - Coffee Shop
2. Reflection
1. What factors of production were required to operate a successful coffee shop?
2. Where did you experience opportunity costs during the simulation.  Specifically describe the exact situation.
3. How did you use the profit equation during the simulation to be successful?  

Good Ideas

PBL Presentations

1. Final Preparations (5 minutes)
2. Group Presentations

EQ - How can a person transform a good idea into a viable entrepreneurial venture?

1. Activator - TPS Discussion - What makes an idea a good idea?
2. Video - Steven Johnson suggests how good ideas are created. 
1. Advance Organizer/Questionnaire
2.   
3. AP – Small group summary: Where do good ideas come from?
4. TPS - How does Ideation connect with the concept presented by Steven Johnson?
5. Class Activity - Ideation in Practice - Silly Cow
1. Introduction to Silly Cow
2. Ideation Processing
3. Small Group Presentations to Class
6. Debriefing
7. Reflection - Submit to Schoology -

PBL

The Imagination Land Money Giveaway has just announced that you and your team have collectively won an unspecified sum of money.

It sounds legit....so CONGRATULATIONS!!!

You must agree to use the funds to create a business within your community.  You may wonder...what are we supposed to create?

It is completely up to your group.  Its almost that easy.  There are only a few additional requirements which are listed as follows:

1. Describe the business (Purpose, Type of Business, Consumer Needs Being Satisfied)
2. Picture of how the business will operate
3. Describes in detail the Factors of Production needed to operate
4. List of proposed resources to be used including
1. Volume/Amount Needed
2. Cost (Fixed/Variable)
3. Place an asterisk (*) next to each ESSENTIAL resource
5. How many products will you need to sell in order to breakeven?

Please prepare a short (3 minute) presentation to explain your business to the TRIBE TANK

Questions you should ponder include:

1. What is unique about your product?
2. What does it cost to produce?  At what price can it be sold?
3. How much debt do you have?
4. How will you distribute your product?
5. How many competitors exist?
6. How will you best reach your customers?

Connect to the 5 W's of quality writing

1. Who?
2. What?
3. Where?
4. When?
5. Why?

RESOURCES:

Academic Standards Handout

Classroom Tools - Textbooks, Whiteboards, etc.

Schoology

Chromebooks