JUANTELLE ANANDI BLAAUW – 60350520
LADEMSJ ASSIGNMENT 2 – 16 JULY 2021
LADEMSJ
ASSIGNMENT 2
JUANTELLE ANANDI BLAAUW
STUDENT NUMBER: 60350520
UNIQUE CODE: 699223
DUE DATE: 16 JULY 2021
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JUANTELLE ANANDI BLAAUW – 60350520
LADEMSJ ASSIGNMENT 2 – 16 JULY 2021
INDEX
QUESTION 1
Entrepreneurship day
Project and Rubric.
Pg. 3 – 6
QUESTION 2
Lesson plan needs and wants
Pg. 7 – 18
BIBLIOGRAPHY
Pg. 19
DECLERATION VORM
Pg.19
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JUANTELLE ANANDI BLAAUW – 60350520
LADEMSJ ASSIGNMENT 2 – 16 JULY 2021
QUESTION 1
Economic and Management Science.
Grade 7
Topic: Entrepreneurship Day
Assessment: Project
Time: 90 Minutes
Marks: 50
Due Date: 25 August 2021
Instructions:
1. This is an individual evaluation, which means it should be done
individually rather than in a group.
2. No late submissions are allowed.
3. Use the rubric below to guide you with your project.
Question 1:
As a grade 7 student, you are expected to understand what an
entrepreneur is. Assume that it is Entrepreneur Day at school, and you
are an entrepreneur who has decided to create a company/
business. Due to Covid 19 we cannot have a physical Entrepreneur day
at school in order to protect all learners so keep in mind to follow Covid
19 protocols. Instead learners are expected to create a business plan with
the following instructions below included into the project.
Learners Should:
1.1. Set up a business plan and ideas. (Make sure you have at least 3
types of products you think children/learners at school would
like.)
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LADEMSJ ASSIGNMENT 2 – 16 JULY 2021
1.2. Your task should contain a market research that indicates your
target market. (Who will buy the product by giving questioners to
at least 5 learners and check affordability of the product?)
1.3. In a paragraph of not more than 15 lines give an indication on
what the product is you are going to sell, will you buy or make it
yourself, where did you buy the product and why you chose that
specific product.
1.4. What are the projected costs in the production of the product?
1.5. Where will you get your source of revenue in order to start your
business/company? It is important to include the interest required
to get a loan. Show the income and expenses and provide a
promissory note if you are going to take a loan.
Question 2:
For a visual presentation each learner is expected to make a power point
slide or an A3 poster that will be presented to the class to show your
business idea. Visual presentation should include Business name,
Product, Price, Promotion if one is given, Business owner, Address of
Business and pictures of the product being sold.
Have fun, be creative and keep in mind to follow your rubric for
guidance.
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JUANTELLE ANANDI BLAAUW – 60350520
LADEMSJ ASSIGNMENT 2 – 16 JULY 2021
RUBRIC:
CATEGORY
1
2
3
5
Business
plan and
detailed
ideas were
given.
The
learner
stated that
the
business is
formal and
informal.
Wellarticulated
ideas and plan
provided.
Acceptable
motives and
descriptions
of market
research is
given.
The learner
made the
business
creative by
including
illustrations,
pictures and
colour.
Strong/clear
estimated cost
of product is
given and
clear
calculations of
all products.
The learner
involved all
the factors
that will make
their business
unique.
1.Business
Planning
No business
plan was
given.
One business
plan and idea
was given.
Business
plan and
ideas were
given.
2. Learners
understanding
of the type of
business.
The learner
has no
knowledge
and
understanding
of the
business type
chosen.
No motives
for market
research were
given.
The learner
has some
understanding
of the
business type
chosen.
The learner
understands
and
recognizes
the business
type chosen.
Uncertain
motives for
market
research was
done.
Little
motives for
market
research
were done.
Motives
for market
research
were given.
Creativity is
obscuring.
Some
creativeness
is shown.
The
learner
made use
of creative
ideas.
3.Market
Research
4. Creativity of No intuition
the Business. was shown.
5. Estimated
cost of the
products.
There was no Vague
estimated cost estimated cost
of the
of products.
products
indicated.
Little
estimated
cost of
product.
Estimated
cost of
product
was given.
6. Uniqueness
of the
business.
The learner
added no
uniqueness to
their business.
The learner
gave a little
clarification
on how the
business will
be unique.
The
learner
clarified
how the
business
will be
unique.
The learner
did not
provide
sufficient
information
on how to
make the
business
unique.
LEARNERS
MARK
4
The learner
showed both
understanding
and
knowledge of
business type
chosen.
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JUANTELLE ANANDI BLAAUW – 60350520
LADEMSJ ASSIGNMENT 2 – 16 JULY 2021
There was no
source of
finance given.
Insufficient
source of
financing was
given.
Vague
sources of
financing
were given.
8. Visual
Presentation.
No visual
presentation
was
presented.
Unclear visual
presentation
was
presented.
Little visual
presentation
presented.
9. Neatness.
No neatness
in project.
7. Financing.
10. Endurance
of Covid 19
protocols.
Learner
presented
little neatness
in project.
No endurance Unclear
of Covid 19
endurance of
protocols.
Covid 19
protocols.
Good
Little
endurance
of Covid 19
protocols.
Sources of Various
financing
sources of
were given. financing
were given
and clear
explanation
was given.
Estimated Visual
visual
presentation
presentatio included all
n was
the factors.
presented.
Great
Excellent
Estimated
endurance
of Covid
19
protocols.
Endurance of
Covid 19
protocols was
excellent,
followed and
included.
TOTAL
/50
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JUANTELLE ANANDI BLAAUW – 60350520
LADEMSJ ASSIGNMENT 2 – 16 JULY 2021
QUESTION 2: LESSON PLAN (NEEDS AND WANTS)
SUBJECT: Economics and Management Science
GRADE: 7
TIME: 1 ½ hours (approximately 3 periods)
NUMBER OF LEARNERS: 25
LEARNING INTENTIONS:
Knowledge – Learners will be able to identify the difference between a
need and a want and will also learn how to interpret what need is most
important to them to what need is least important.
Skills – Learners will be able to group the needs and wants.
Values – Learners will make informed decisions on choosing a need
over a want or be able to identify what they see as important and what
not.
CURRICULUM TOPIC: The Economy
LESSON THEME: Needs and Wants
METHODS AND LEARNING MATERIALS:
Methods that will be used are a discussion – method which will allow
learners to debate and feel involved in the lesson.
Question and answering method was also used where the educator will
ask the questions to get a learners insight and also if they understand the
topic at hand.
Learning Materials:
 Learners Notes
 Teachers Notes
 PowerPoint Slide
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JUANTELLE ANANDI BLAAUW – 60350520
LADEMSJ ASSIGNMENT 2 – 16 JULY 2021




Overhead Projector
Smartboard
Computer
Pictures (Visual Illustrations)
PLACE OF THE LESSON IN THE CURRICULUM:
Economy: circular flow
LESSON CONTENT:
- Types of needs and wants.
- Basic needs of an individual, families and communities.
- Primary and Secondary needs.
- Limited resources to satisfy needs and wants.
LESSON PREPERATION:
As an educator it is always important to be prepared to present your
lesson. Learners need to feel engaged in the lesson and if you are
prepared they will understand and feel more comfortable about the topic
beforehand.
Before starting to prepare my lesson on a PowerPoint slide, I first went
through my notes and did some research on topics that I felt unfamiliar
with for example Maslow’s hierarchy of needs where I inserted extra
information regarding his background. I gathered extra information and
presented them in my slide in order for my learners to understand the
topic. After reading through my notes and gathering information I then
went and searched for pictures, clipart, wallpapers etc. in order to
present it in my slides. I planned out my PowerPoint slide till the last
detail and started laying it out. After creating my lesson I then went
through it one more time in order to see if there were any spelling/
sentence construction mistakes. I then wrote down key words and
important points to remember on a piece of paper and presented it to
the learners.
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JUANTELLE ANANDI BLAAUW – 60350520
LADEMSJ ASSIGNMENT 2 – 16 JULY 2021
When facilitating my lesson I made sure to keep eye contact and used a
learner centred approach where I asked the learners their understanding
regarding the topic needs and wants. As I presented the lesson, learners
were asked multiple questions and work were explained when learners
had trouble grasping the concepts.
PATTERN OF THE LESSON:
a) Existing Knowledge:
I tested learner’s prior knowledge regarding the topic Needs and
Wants by asking them questions. Learners also develop prior
knowledge on the topic by identifying in their everyday life what
they consider to be a need for them and a want for themselves.
b) Introduction of lesson theme:
I introduced my lesson through asking questions to test learners
prior knowledge and demonstrating a video afterwards to show
them the difference between the concepts.
c) Explanation of new content:
After identifying the difference between a need and want and
showing them the video I went a little more in depth into the
topic. New content that I presented to learners like what the five
primary needs are, Maslow’s Hierarchy of needs etc. I asked
questions afterwards and their understanding regarding the topic in
order to see if they grasp the concepts of the new work correctly. I
also included pictures into my slide in order for the learners to see
the new work visually due to the fact that I believe learners learn
faster when seeing the work and content in a video or picture.
After explaining the new work I would repeat the work the next
day by asking the learners questions regarding the previous work in
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JUANTELLE ANANDI BLAAUW – 60350520
LADEMSJ ASSIGNMENT 2 – 16 JULY 2021
order to see if they understood the lesson that was presented to
them the previous day/ period.
ASSESSMENT:
After each lesson the learners received an activity to do regarding the
topic needs and wants (Activity 1, Activity 2 and Activity 3). After doing
the activities we did a group activity game (boys vs girls) where I asked
questions regarding the work in order for me to see if the work
presented to them was clear and understood.
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LADEMSJ ASSIGNMENT 2 – 16 JULY 2021
Questions asked in the group activity:
Lesson 1 (PowerPoint Slides)
2.
1.
3.
5.
4.
6.
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7.
9.
10.
8.
10.
11.
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Lesson 1 (Work handed out to learners)
Needs & Wants
Economics is the study of people's needs and the way these needs are met.
Economics also deals with the production of goods and services to meet these needs.
In order to survive, one needs some BASIC / PRIMARY needs namely:
 Food
 Water
 Clothes
 Recreation
 Shelter
If basic / primary needs are met, one becomes aware of other needs, namely:

Security

Acceptance by others

Self-realization - (One's motivation to reach his full potential.)
Abraham Maslow (1908 - 1970) was an American Psychologist
who set up a hierarchy of needs and arranged the needs in the
correct order.
Selfrealization
Need for
Recognition
Social Needs
Need for Security
Physical Needs
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1. Is essential for survival.
2. Form the base of the pyramid.
3. These needs must be satisfied before a person can move to a higher level.
4. Examples include: food for hunger, liquids to quench thirst, shelter and clothing for
protection.
1. Need for security and feeling safe.
2. Examples include: safety of your home, family, school and environment.
1. Man is social in nature.
2. People get together to talk.
3. People enjoy each other's company.
4. Cohabitation in a family also contributes to this need.
5. Examples include: friends, groups that form, clubs and any kind of socializing and talking.
1. One wants to experience recognition.
2. He / she must feel that others recognize his / her worth, as a human being.
3. Examples include: giving complements, if someone does work well, telling the person that it is
good.
1. Highest level of need.
2. To guide your life in such a way that you are happy with yourself.
3. Develop your talents to full potential.
4. Examples include: fulfilling each person's purpose / calling.
Activity 1
1. Give the definition of Economy?
(2)
2. What is the economy about?
(2)
3. Explain in your own words the difference between a need and a desire.
(2)
4. Name any 3 basic / primary needs.
(3)
5. Who is the psychologist who developed the needs of the pyramid?
(2)
6. Name the 5 needs of Maslow's hierarchy.
(5)
7. What is the most important need?
(1)
8. What is the highest level of need?
(1)
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Lesson 2 (PowerPoint Slides)
1.
2.
3.
4.
5.
6.
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LADEMSJ ASSIGNMENT 2 – 16 JULY 2021
Lesson 2 (Work handed out to learners)
Wants - Goods we don't need to survive. Things you can do without.
Secondary needs involve a person's wishes for a better quality life.
MONEY is usually the means used to satisfy our needs and wants.
Main sources of money are salaries and wages.
Other









sources include:
Child support
Grants and pensions from the government.
Winnings
Gifts
Loans
Bonuses
Donations
The proceeds from the sale of an asset
Pocket money
Instead of spending money to meet one's basic needs, the needs can be met by
other organizations, for example:
 Non-governmental organizations / non-profit organization e.g. “Meals on
Wheels”.
 Church groups that hand out food parcels.
 Family and friends who care for each other.
Activity 2
1. Name the 2 most important sources of money.
(2)
2. Give any other 5 sources of money.
(5)
3. What is the difference between a salary and a wage?
(2)
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LADEMSJ ASSIGNMENT 2 – 16 JULY 2021
Lesson 3 (PowerPoint Slides)
1.
3.
2.
4.
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LADEMSJ ASSIGNMENT 2 – 16 JULY 2021
Lesson 3 (Work handed out to learners)
 People have many needs and some needs are more important
than others e.g. Food and water are more important than social needs.
 Problem, however, is the scarcity of resources e.g. Water and trees.
 Some are non-renewable e.g. Coal and fuel.
 Therefore, unlimited needs and wants cannot
be satisfied immediately.
 People have many needs and wants and very few have the resources e.g.
money, to meet all these needs and wants.
 A choice must be made of the need / wants to be met first.
 Should a choice be made - choice problem.
 Defined as the opportunity to forfeit some or other
want and to make a choice of one above another.
Activity 3
1. Describe what a non-renewable resource is.
(2)
2. Name 2 non-renewable resources.
(2)
3. Name the 3 problems that occur in the economy.
(3)
4. Give the definitions of opportunity cost.
(2)
5. Give an example of a personal experience to illustrate the choice problem and
opportunity cost.
(4)
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BIBLIOGRAPHY
 Economics and Management Science Today, Grade 7,
Learners book, J. Bantjes, D. Kerdachi, A. Kriel, K. Mzolo
DECLERATION VORM
JUANTELLE ANANDI BLAAUW
60350520
J.A. BLAAUW
LADEMSJ
16/07/2021
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