DOgUNENT "aim SO 012 598 ED 1.87 620 Nappi, Andrew T, Ed.; Suglia, Anthony. F.i Ed.' , AUTHOR' Ecodomic Education Experiences 61 Enterprising TITtE .,-Tetphers. Volume 17. A.Report Developed'frdm the' in tire International Piper Company 1.978-79. Entrie -Foundation Awards Program for the Teaching of ' . . Economics. Joint Council'on Economic Education, New York;', INSTITUTI4N N.L. PUB.DATE '80 108p.; or.a related doCument, tee E'D 173'252. NOTE Joint Council on Economic Education, 1212 AvenAe AVAILABLE FROM the Americas, Ney york, NI' 10036 1$2.-004 $1.60 fo,r:10 ar. mg,Fe) ... MF01 Plus Postage. PC Not Available from EDRS. -EDRS PRICE Budgeting; Business; Class Activities; Conceptl DESCRIPTORS Teachin/; -CgAzumer Econo-mics-;-*Economics Education; Educationl. Objectives; Educational.Television; -.Eeementary Secondary Education; *Fundamental Concepts; Instructional Innovation; 04 . *Interdisciplinary ApproAch; Investment; *Learning Activities; Marketimg; Money Management; Physical - Disabilities;,Program Descriptions; SimulatiOn; Social Stuits; *leacher DeVeloped Aaterials; *Teaching M thods ABSTRACT Sixteen award-winning teacher-developed programs, - . projects, courses, and'materials in economics education ate presented. The projects ire designed for use in.primary,- intermediate, junior high, -and senior high schools and are .organized 'into four chapters: Chapter'I suggests ways to teach.econowic concepts in grkdes K-3. Projects include an auction conducted by , classroom toystOre in which items are purchased with play students, Ni money, a fi td tri-p based on the.story, ',The Little Red Hen," -iind a year-long th rd grade project tot teaching basic economic ideas through communication. Chapter II, for grades 4-6, iocuses on 'establishing a classroom."city,,I an economic gtudy centered around'. energy, a study of industry, and a study of the ecbnomic history of the Brandywine River in Delaware. Chapter III offers projects for junior hiTh school studenti through incorporation of the inistructional television series Trade-offs, an interdisciplinary program in social studies and mathematiCs, a ',disco survey', of the ,economic impact Of American teehagers in the marketplace', add '4OrMation of.4 business in a classroom of physi.cally handicapped , students. Chapter IV, projects for high school students, includes marriage an0 chivldrearingiimulatlions to help students learn how to design ational goals for living, a joint educational (Afort by 'ftnkers and educativrs, a mocFdrporation formed by students, and.an inquiry apprbach tO,the Great Deprtssion. For.each project the grade level, project background, time allotmento objectives, actiyities, and evaluation are provided. (KC) . 4 S DEPARTMENT OF HEALTH, EDUCATION S, WELFARE NATIONAL INSTITUTE OF EDUCATION THIS HAS BEEN REPRO-' DOCUME N T DUCED EXACTILY. AS RECEIVED F ROM THE PERSON OR ORGANIZATION ORIGIN- MINT, IT POINTS OF VIEW OW OPINIONS STATED DO NOT NE( ESSARILY RE PRE ',ENTOFIICIM NAI IONAI INSTITUTE OF EDUCATION POSITION OR PQ ICY , "PERMISSION TO REPRODUC THIS MATERIAL IN MICROFICKE ONLY HAS BEEN GRANTED i3Y Aver e LA TO THE EDUCATIONAL RESOURCES INFORMATION CENTER (ERIC)." Edited by Andrew T. Nappi MIA AnthonY F Suglia 4 A report developed by the VOLUME Joint Council ontconomic Education From the 1978.79 entries in 17 The International Paper Company Foundation Awards Program for .the Teaching of Economics .jCEE CHECKLIST NO. 299 4 441., Economic Education Joint Council on 1980 Americas 1212 Avenue of the 10031 New York, NY I. a 4 Contents Foreword V Editor's IntroductiOn vii CHAPTER oNE-4-Primary Level: Grades I Hear Twenty-Five, Who'll Bid Thirty?The Economics of Auctions (A Second-GradeEconothics Unlit) ; Egetty Muench ' 1 Communication is Big Business (4 Third;aisde Economics Study) Maureen Glynn and Joelyn Walk 6 The World of Marline (An Economics Unit for Kin.dergarten Students) Dorothy J. Yohe 9 Little Red HenChamplon Producer (A Kindergarten Economics Un(t) . Mary M. Wehmeyer 13 Appendix to Chapter ,OneGood Ideas in Brief: Primary Level CHAPTER Two-termedlate Level: .Grades 4-6 Getting Down to Business:EcoMbnic Development In Polyester (An Economics Unit for Fifth-Graders) Billie M. Bryan and Mary Ellen Ellis Bundles of 'Energy: A Drearra an Answer? (A Fourth-Grade Economics Project) Barbara McKeever 26 Industry The Amazinp Octopus (An Economics Unit for . . . . Fifth-Graders) Nita Dean, Annie Brown, Patsy Goolsby, Lou Ray, and Diane Wake 33 ' Big Wheels dn the Brandyivine (A Fifth-Grade Economics Unit) 'Dorris Reed Morris and George P. Nickle .16 Jr. d , J Appendix to Chapter TwoGood, ideas in Brief: intermediate Level 41 , CHAPTER TH.REEJunlor High School: Grades 1-94- Economics: Today, tomorrOW, the Future Paul W. Theiss 40 . , Economics. (An Eighth-Grade Economics: A Connecting Link Project) 51 ° Elizabeth Sheffer and Ruth Stewarf , the Economy 1 Disco Dollars: Teenagers In 55 G(er)e 1 Stephen Feldstein and Diane ) f Chocolate Factory Thp Worldi Greatest 60 Jean -lamQd 'Kathy Berlin, Paula Darner, and \s/ High Ideas In Brief: Junior ppendlx to Chapter ThreeGood , .. School Level Grades 10-12 FowlSenior High School: CHAPTER High School Consumer Economics in the 69 L. Arthur Worrier Jr. in Alternative Economic Bankirs and Educators: Partners Education 74 John Joseph Kerrigan Profits inc. 19 Cardwell" Phyllis Bryant and Faye Inquiry and Fiscal Policy: An The Great Depression7Monetary Approach 84 Kathleen Ryan JohnstOn Brret: High Schgol In Appendix- to Chapter pourgood Ideas 90 Le lie! 4, Foreword The need for economic educationthe need for a*much beffer comprehenSion of basic economics and how the American economy functionsis almost universally acknowledged..The vast majority of Aittericans, including educa- tors ranging from classroom teachers to top school administratoCS, 1441ers from the business and financial sector, spokesmen from organized labor, representatives from government, and officials .of interest grqups, all have voiced agreement on the need for economic literacy, and during these times, the voices have been increasing both .in number and volume. At least two important 'questions immediately 1 emerge as one disc sses the need fbr economic education. The first of these, the "why" question, se s to be answered rattly!. consistently, 'with such expressions as responsible citizenship and effective decision-making indicated as intended Outcomes. The second question, "What is economic educationT seems far more difficult to resolve. To some it mayte defined as efforts to develop among our young people the ability' to understand and analyze economic problems and issues facing themselves and sdciety, and as individuals and members of society, to make reasoned judgments arid rational decisions. . It may be, however, that the most significant question relates to what - happens in the clas400rn in the nameof economic education. In the space and timexermitted, it would be most difficult to provide answers which areboth precise and satisfactory. A more appropriate response would be to recommend reading Economic -Education Everiences of Enwprising Teachers: Volume ..17., Ai..tew brief examples may serve to provide illustrations of the highly creative and imaginative:approaches developed by outstanding teachers: 4 . tormation of productive enterprises in the classroom, including the formad tion of corporations as legol ehtities on a1L,four levels of the Awards 'competition, .Students organize (Le., elect officers, members of board of directors, etc.), raise capittil through the sole of stock and borrowing, manufacture prOducts, conduct Market research, deterMine prices, and incur profits and losses. Effectiye utilization bYall grades of community resources with focus on the study of the local economy, e.g., polyester industry of North Carolina, i fishing in Massachusetts, export-import in the state of Washington. , Ihfusion and integration of fconomics into the existing curriculum of such subject§ a4 language arts, science, math, and social studies. It is not unusual to,find t`teams" of teachers, each of whom is responsible for a specific subject, working ,in cooperation to develop a coordinated program in \ eeonomics.. 4 . . While Volutne 17 was being planned, an important decision was made in keeping with our efforts to continuously improve nd stimulate interest in all aspects pf the National Awards Program. For t e first time, awardwinning * \ be included in and university.professors will not projects 'submitted by college expand in4a new publication designed to this volume but will be presented . Program by those in highei. involventent anCI intereit in the Nat' nal'Awards education. pleased to extend its c Education is The Joint touncil on Econo tuPjudges the op Landing individuals who serve appreciation and recognition to projeet task of reading through each -foil. the National Awards Program. rid extremely difficult responsibility, recipients is a and -determining awards Regional Representative, Joint gratitude tO 'George L. Fersh, we extend our of economics, Myron L. Joseph, professor Council on Economic EducatiOn; University (on Management, Carnegie-Megou Graduate Scheol of industrial Economic Education director of the Center for leave); Laurence E. Learner, Delmas F. University of-New York at Binghamton; and Public Policy, State Universif; Edward' e. education, West 1Virgir0 Miller, visiting professor of New York City and economic educadon editor, Prehn, social studies consultant of R'odney Tillman, professor, Sthool Council on Economic Education; emeritus University; Henry Mud, professor Education, Geqrge Washington" University -of New Econprifics Department, The City and former chairman, and chairman, Departmerit of.Foundations York; Philmore Wass, formeit that University of Connecticut. We expect Curriculuin, School of Education, been exempted for the fact that this volume has their attention will make up of the Joint by the Publications Committee from the 'customary review Council. 1 considerable Council staff hive been of Several individuals on the goint Program. We are of the National Awards assistance in assuring .the success Michael A. Mac- excellent mipport provided by pleased to acknowledge the of John DeVita, Council, as well as the efforts Dowell, president of the Joint Affiliated Councils DeVita, secretai, in the research associate, and Barbara Edward occasion to extend our appreCiation to Division. We also take this Prehn for' hig special assistance. director of research, development, / r We also commend' Andrew T. Nappi, editorial work in State. University, for his and community service at St. Cloud the Awards possible. Aided by 'his dedication to making 'this publicatio lishing an exemplary product. ' âsured that we are p Program, we are always predation to the International Filially, we offer our special thanks an president a'rnd direc'tor of educa- 'Paper C9mparity Foundation through its vic . National Awards for its support of the don programs, Sandra L. Kuntz, econoMic gratified by their commitment and interest in Program. We are erogram. educatibn and the National Awards Anthony F. Suglia Division Director, Affiliated Councils Program Coordinator, National Awards for the, Teaching of Economics "az Editor's.IntrodUctiori , It nsver c,eases to amaze me how tea0ers who have received recognition through the A*wards Prograrii continue to develop innovative and imaginative approaches to the study of economics. There appears to be mi unlimited sppply of creative and dedicated teachers committed to the,goal Of imProVing student understanding of basic economics. Over the years, the award-winning teachers have demonstrated their ability to incorporate key economic concepts, princi- ples, and Practices/into their curricula. As I revieWed the projects that have appeared in this annual publication, I was impressed with the variety of instructional- methods, resource materials, and learning activitiestmployed by teachers to enhance economic understanding. The quality of the 1978-79 entries, toomia gratifyingly high, Indeed, there is little doubt the teaching experiences summarized in this year', engwetition will help to stimulate continuous improvements in economic education. We can certainly anticipate that next years program will provide many examples of how teachers add new dimensions to the teaching-learning process. It is hoped that the example ,of the teacher efforts published here will encourage other teadbers, not presently involved in the economic education movemeht, to formalize and submit descriptions bf their classroom experi- ences. It must be remembered that the rports pUblished in this book. are' condensed versions of the original projects and that some of tA material canpot be presented or even summarized easily. Readers of Volume 17 will find brief descriptions of the* winning entries whin capture the essence Qj the teaching experiences. J an confidenuthgt teachers who are contemp7ting submitting an entry to the Xwards Program, and those ho have submitted projects but failed to win, will gain from S generalize, descri tion of. the witining entries. The characteristics of a prize-winner are um arized below: I. The project contains a succinct statement of the oals or learning objectives. It is important to stote the specific cognitive an'd affective Outcomes that the teaching experience is directed toward. It is not necessary to prepare a long list .of objectives. Rather, the objectives ! should be tlearly articulired an related to the instructional program. How can a reader judge a project unless the important economic facts, skills, and generalizations are defined? 2. The learning experience is related to economic understanding. The judges want to know how each Unit, lesson, method, or activity included in the project will help to,develop economic concepts and generalizations. That does not mean that math, writing, reading, or other communication skills are not important; but simply that.awards must go to those who focus on the teaching and learning, of economics. 3. A well-organized and clear description of the steps; procedures, and sequenceLof activities is presented. In ,this seaion of the report, the emphasis should be on the materials, the time scIttdule, initiation procedures, assign- ments given, activities or strategies used, and culminating exPeriences. The vii LP _ _ stated. Motivational the materials should be length of time required to teach activities described in detail. and instructidnal techniques MUst by spelled out 4aught? How wasItie pdpils interested in ideas to be How did the teacher get the should'be told at the very subject initiated? The reader lessdn, unit, Coin. Se, or semester-long course, a describes a year-long or a beginning whether the project lesson, or whatever. If lasting two weeks, a single fiye-week unit, a special study into how the project fitted the author should shoW it is less than ar fullicourse, related to material that being taught and how it was the course or Curriculum preceded or followed it. clearly described environment and class situation are 4. The instructional What ages, ability levels, or The judges want to know in the winning entries: deyeloped for a particular If the project was ecial characteristics apply. judges need to be informed. ic or ethnic group, the ocioefa It must be teaching techniques is given. -step account of 51 other Awards Negpam is to help basic purpose of the remembered th details of if the author gives the serve others only teachers. These 144 speaker ough simply to say that a resource A the methods employed.' speaker underAand exactly how the reader shout was used-Lche 'this ctivities were conducted, how what..follo presented economic ideas, Where t was' evaluated, and so on. project, hO activity..fitted into the total onl with such items as should-be included, appropriate, sampleksson 'plans the en prepared for sheets that 'might have "'assignment sheets, instruction and material cornplete'd'escription .of the human students; 'and the like A , te included in the seport. resources used should ttin a rehash of originalitynt should be more 6. The project Show§ entirely new "twist" to an the' least it shotild,give an someorte else's work. At tend capturtd awards in years past Rivkin's Stag) Ideas Aiat idea deieldped !t1 a godd,. but simply that they are not tat." This does, not mean to becorne ,:)Id teaching 035 Adidev6lop'freth approaches to t 0 thoSe tha(the awaids alit St Q eionomics. A aitk Work aye included.-Photographs lihotOgraphs or Samplds of student and other itemivhat %able displays, Murals, bulletin board arrangements, subrrlit large posters or It is not necessary to re welcome. cannot beshipped send in Neither is it necessary to Otograph :will 'suffice. bulky,linjects if ; or two ,typical term hav`e done., A few examplesone eyerything re stud doi papers,Igt ifistafic:, units explained. Good wiling brthe Unit projectis " 8. me culmination ionai activities, (21 develop- initiatoty (and Motiv haVe three filisic Tarts!. (I) pupils he first help4 to get the tcnis.e(3):Culrninating activiti . mental activities., the ideas, ; lesson; the second develops . rsted, In the unit, -project,. or the third and attitudes listed in the goals; and cepts, skill, Understanding applying what was taught. close by summarizing and nringS.the Operieheeto a films or film- field trips, the making of . 'Plays;aolsembly,' programs, displayS, culmination of activities can be used as the Op's, simulations, and many other a unit. Thesegenerally include tests of always given. 9. 'Evaluation technique are . viii all types (short-answer, essay, and performance examinations), but can also include less formal activities, such as self-evaluations by individuals, groups, Dr the class; written or oral evaluations by outsiders; and observations of puil ,behavior. Sa Mroles of testing instruments should be submitted with the reports, along with the results. . Finally, attention to the requirements set forth in the Awards Program 1,0. application form, an orderly arrangement of are material; and simple neatness are appreciated. The educator whose submission has all ten cparacteristics outlined above will have a good chance of winning. It should bg noted, however, that the competition is keen, and that each year it becomes more difficult to win than in the year before. Prospective entrants would be well advised to seek the comments and criticisms of others befote submitting their projects. In particu- lar, the teacher whose .formal preparation in economics is minimal should consult an economist regarding the accuracy and appropriateness or the economics contained in fhe report. Many projects that represent an enormous expenditure of time and effort, and.that contain superb ideas and maierials for . teaching, fail to capture an award simply becaUse they contain little or no economics or because the economic content is inaccurate. Prior to writing the application, it might be well for the contestant to _1 review the outline below. Almost any logical and descriptive outline for writing the narrative section of the teaching project will do. The important thing is to have an outline in mind and to write the narrative from it. Preparing the Application This section of the narrative is intended to introduce the 1. Introduction. judges to what is to follow. It sets the stage, sd to speak, for the rest of the project description. The introduction should be brief and should etntain information about the overall purpose of the project. This part of the' report may be used to give Background information. 2. the reviewers an understanding of the following points: Purpose and philoso- phy of the curriculum; school locition and physical facilities', background and capability, of students; brief history of the project and other information that may inform the' judges of the applicant's readiness to teach the project. Whereas the overall goals of the 3. Overall goals apd specific objectives. project can be given in a rather generalized statement written in narrative style, the instructioal objectives should be and are usually presented in very specific list form. The overall goals may be thought of as long-range results. It is like saying that once the specU1c objeCtives have been achieved, the overall railts or goals will be met. 4. Basically, the kinds of things reviewers will' want Program description. to learn from this section of the narrative are (a) what is to be done, (b) how it is to be done, and (c) who will do it. The procedures should be ex.plained fully and in great detail. It can 49 a serious mistake to assurne that the judges will ix' 20
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