JOSE RIZAL UNIVERSITY Senior High School Division PRELIMS PERFORMANCE TASK IN APPLIED ECONOMICS Name: ____________________________________ Teacher: Year & Section: ____________________________ Date: ___________________________ GOAL: The students will conduct an individual study that presents the different prices for the goods and services assigned to them and compare the prices of a sari-sari store, convenience store and grocery. They will also be computing inflation based on the change in prices for a given timeline ROLE: You will become a presenter of economic data, both qualitative and quantitative at the macroeconomic level. AUDIENCE: Senior high school students specifically Grade 11 students. SITUATION: In order to determine the quantity, units, and percentages of the various needs and wants that must be satisfied in your daily economic situation: one must identify these through economic data gathering. PRODUCT: Your economic fact sheet must be a product of a proper data collection for your economic project. STANDARDS: *See rubrics below RUBRICS: Criteria: Punctuality Accuracy Presentation of Data Gathered Interpretation/ =20 points = 50 points =15 points =15 points 100 points FOR INDIVIDUAL RATING Criteria 5 4-3 2-0 Organizational Format The content is clear, appropriate, and precise. Important information is included with other extraneous material. The ideas are scrambled, jumbled or disconnected. Content The content is clear, relevant, accurate, and concise. The content is appropriate, but lacks clear connection to the purpose. The material content is inappropriate Writing Conventions The writing conventions applied enhance the readability of the paper. Minor errors are present, but they do not detract from the readability of the paper. There is little or no evidence of correct writing. Poor conventions seriously limit the paper’s readability. Research and Interpretation of data/ Information Correct interpretation of data or information. Correctly interprets data or information, but is analysis not supported by accurate information. Incorrectly interprets data or information Appropriate Vocabulary Appropriate vocabulary and terms are used. Some inappropriate Inappropriate vocabularies are vocabulary and use present. occurs. Work Quality Work reflects best efforts of this group member. Work reflects some effort from this group member. SCORE Work reflects very little effort on the part of this group member. TOTAL /100 PARTS: 1. Investigate the prices of the consumer goods indicated on the list. It is a list of goods commonly purchased during our ECQ and GCQ in this time of global pandemic. 2. Search for these prices in the wet market, sari-sari store, and grocery. 3. If you are not able to go to the wet market, ask assistance from your household member who does your wet market / palengke shopping. 4. If you are not able to search for these prices in the grocery, kindly search for the prices online using an online supermarket. 5. Accomplish the inflation report based on the given format. 6. For Part 2. First choose one of the goods, for example, 1 dozen eggs and observe the change in price for 4 days in the supermarket. Then compute for average inflation. 7. Report if there is any inflation or deflation present. 8. Conclude your report with a learning reflection about your project. Inflation Report Part 1. Goods PRICE 1 PRICE 2 PRICE 3 (LOCATION/NAME (LOCATION/NAME (LOCATION/NAME OF wet market) OF sari sari store) OF grocery) RATE OF INFLATION LIST OF GOODS: 1. 1 dozen egs 2. 1 bottle of alcohol 3. 1 bottle of shampoo, any brand 4. 1 tube of toothpaste, brand 5. 1 loaf of bread, any brand 6. 1 head of cabbage 7. 3 pieces carrots 8. 1 kilo tilapia 9. ½ kilo pork 10. 1 whole chicken 11. 1 pack laundry detergent any brand 12. 1 bottle liquid dishwashing soap 13. 1 pack of candles 14. 1 kilo beef 15. 1 roll of tissue paper Inflation Report Part 2 – Average inflation Formula for computing rate average inflation: * ( - ) minus 1. 2. 3. 4. 5. 6. Price 2 – Price 1 Price 3 –Price 2 Price 4 – Price 3 Price 3- Price 1 Price 4 – Price 1 Sum divided by 4 GOODS PRICE 1 date of day 1 PRICE 2 date of day 2 PRICE 3 date of day 3 PRICE 4 date of day 4 RATE OF AVERAGE INFLATION PRICE 4 Date of day 4 RATE OF AVERAGE INFLATION Example for Average Inflation GOODS PRICE 1 date of day 1 PRICE 2 Date of day 2 PRICE 3 Date of day 3 Lucky Me Instant Pancit Canton 10g pack 16.00 20.00 21.00 30.00 1.4 2. 1 3.9 4.5 5.14 Sum = 8.25 Part 3.Learning reflection about your project 1. How is your family coping with inflation during this time of COVID19? 2. How can you contribute to saving because of inflation during this time of COVID19? 3. Why are the effects of inflation during this time of global pandemic?
